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Danville pharma startup announces $6.1M expansion
Danville-based pharmaceutical engineering and manufacturing company Engineered BioPharmaceuticals Inc. will invest $6.1 million to expand from a business incubator into its first standalone manufacturing space, Gov. Glenn Youngkin announced Wednesday. The move is expected to create 34 jobs. The company will expand from its current lab space at Dan River Business Development Center — a […]
21 Va. industrial sites awarded $90M for development
Virginia Gov. Glenn Youngkin announced $90 million in grants for the development of 21 industrial sites across the state Monday, helping localities get shovel-ready for big economic development projects. The two biggest winners are Chesterfield and Henry counties, which received $25 million and $22.2 million respectively from the Virginia Business Ready Sites Program (VBRSP), which […]
10 Va. companies graduate VEDP export program
Ten Virginia companies are the latest to graduate from the Virginia Economic Development Partnership‘s Virginia Leaders in Export Trade (VALET) program, which helps companies work on international export growth strategies, Gov. Glenn Youngkin announced this week. The two-year VALET program helps Virginia companies that have established domestic operations use international exporting as a gro[...]
Fertility testing startup to establish $1.4M Albemarle HQ
Life sciences startup PS-Fertility Inc. will invest $1.4 million to establish its headquarters and operations in Albemarle County and plans to create 31 jobs, Gov. Glenn Youngkin announced Wednesday. PS-Fertility Inc. will commercialize a male fertility diagnostic technology that was originally developed at the University of Virginia. The company will lease 4,000 square feet at […]
NY textiles company to buy Patrick County HanesBrands facility
New York-based specialty textile manufacturer Apex Mills Corp. will invest $3.1 million to acquire the former HanesBrands facility in Patrick County, along with the plant’s equipment. The acquisition will retain 96 jobs and create an estimated 44 jobs, Gov. Glenn Youngkin announced Friday. Apex Mills will fulfill contracts for the Hanes clothing brands. HanesBrands Inc. […]
Manufacturer plans $40.2M expansion in Floyd
Massachusetts-based advanced materials manufacturer Hollingsworth & Vose will invest $40.2 million to expand its Floyd County operation, a project expected to create 25 jobs, Gov. Glenn Youngkin announced Tuesday. H&V will add more than 28,000 square feet to its facility at 365 Christiansburg Pike NE to accommodate new production equipment. “Hollingsworth & Vose has generated [&helli[...]
Crowded out
Election years are not the time to make waves in Virginia’s legislature, says Greg Habeeb, a former Roanoke delegate who now advises clients pursuing legislation in the General Assembly. Big changes — the kind the state saw during the Democrats’ two years of full legislative control in 2020 and 2021 — are expected to be […]
SWVA child care initiative receives $1.24M grant
The New River/Mount Rogers Workforce Development Board will receive $1.24 million in grant funding for Ready SWVA, a child care initiative launched by United Way of Southwest Virginia, Gov. Glenn Youngkin announced Monday. The United Way chapter launched Ready SWVA in December 2021 to expand access to affordable child care, strengthen the provider network and […]
Youngkin budget outlines EVMS/ODU merger by 2024
In his proposed budget amendments released Thursday, Virginia Gov. Glenn Youngkin lays out the framework and a timeline for the merger of Eastern Virginia Medical School and Old Dominion University, requiring it to take place by July 2024. Youngkin’s amendments to the 2022-24 state budget, which must be passed by the General Assembly during its 2023 […]
M S International to open $61.6M Suffolk distribution center
M S International Inc. (MSI), a California-based flooring, countertop, wall tile and hardscaping products supplier, will invest $61.6 million to establish its East Coast distribution facility in Suffolk, a project expected to create 80 jobs, Gov. Glenn Youngkin announced Thursday. McDonald Development Co. will construct the 548,000-square-foot facility, which will be located at 2821 Holland [&hell[...]
Floyd biochar producer to invest $2.6M in expansion
Floyd-based SWVA Biochar LLC, an absorbent charcoal producer, will invest $2.6 million to increase its Floyd County operations’ capacity, a project expected to create 15 jobs, Gov. Glenn Youngkin announced Wednesday. Biochar is a highly absorbent, specially produced charcoal made by heating biomass with little to no oxygen. The product is used for filtration systems […]
Va. to receive $6.22M to expand broadband
Virginia is receiving $6.22 million in “Internet for All” federal grants funded by the Bipartisan Infrastructure Law, the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) announced Thursday. “As we continue to compete in the 21st century, it is crucial that we close the digital divide in Virginia,” U.S. Sen. Mark Warner said […]
