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Glenn Youngkin

Nov 3, 2022

NJ resin/vinyl manufacturer to invest $13.5M in Tazewell

New Jersey-based custom resin and vinyl manufacturer Ronald Mark Associates Inc. will invest $13.5 million to establish a manufacturing operation in Tazewell County, a project expected to create 29 jobs, Gov. Glenn Youngkin announced Thursday. The company will occupy the former Komatsu Mining Corp. facility at 1081 Hockman Pike in Bluefield. “Ronald Mark Associates’ decision […]

Gov. Glenn Youngkin speaks at the announcement of Lego Group's Chesterfield County facility.
Nov 2, 2022

Site Selection ranks Va. 1st for biz climate

Virginia rose to first place in Site Selection magazine’s 2022 Business Climate Rankings. The commonwealth unseated North Carolina and ranked above Georgia, which had an eight-year streak in the top spot. Last year, Virginia was tied for 10th place. “I’m pleased that Virginia has won the best business climate; it‘s incredibly exciting to see the […]

Nov 2, 2022

FyberX to invest $17.5M in Mecklenburg HQ

FyberX Holdings, a regenerative agriculture company, will invest $17.5 million to establish its U.S. headquarters and production operations in Mecklenburg County, creating 45 jobs, Gov. Glenn Youngkin announced Wednesday. The company will be located in the formerly vacant Kinderton Distribution Center in Clarksville, where it will process hemp and other agricultural products and produce fibers [&h[...]

CoStar Group Inc. founder and CEO Andrew Florance, Gov. Glenn Youngkin and other stakeholders ceremonially break ground on the site of CoStar's expansion
Nov 1, 2022

CoStar Group breaks ground on $460M Richmond expansion

Washington, D.C.-based CoStar Group Inc., a commercial real estate data and analytics provider, broke ground on its $460 million downtown Richmond expansion Tuesday. Announced in December 2021, the campus will include a LEED platinum certified 21-story, 425-foot tower, 750,000 square feet of office and retail space and another five-story building with an auditorium, mixed-use retail, […]

Vested interest
Oct 28, 2022

Vested interest

Eleven months into his first term in elected office, Gov. Glenn Youngkin can boast of several economic development successes and a few legislative wins, but one thing a lot of observers are discussing is his national profile and what it could mean in 2024. Youngkin — and his careful campaign to win over not only […]

Everything is not awesome
Oct 28, 2022

Everything is not awesome

When Lego Group representatives toured Chesterfield County’s Meadowville Technology Park on a winter day early this year, they didn’t speak. As with most industrial site visits, the county economic development authority staffers conducting the tour didn’t yet know which company they were working with, although they’d answered a site consultant’s request for proposal. [...]

Oct 28, 2022

Out and About November 2022

1. State Sen. Creigh Deeds speaks at the Sept. 30 dedication ceremony for inpatient psychiatric care at the Children’s Hospital of The King’s Daughters’ Children’s Pavilion. Photo courtesy CHKD  2. Former U.S. Speaker of the House Newt Gingrich delivers keynote speech at Liberty University’s Networking the Nations CEO Summit on Oct. 6. Photo by Eva […]

Gov. Glenn Youngkin signs a hood as Carvana General Manager Robert Sheets steadies it at Carvana's inspection facility in Chesterfield County. Del. Carrie Coyner and Chesterfield Supervisor James Holland stand to the governor's right.
Aug 31, 2022

Chesterfield Carvana facility opens with 240 employees

Fortune 500 used car online retailer Carvana Co. is more than halfway to its 400-employee hiring goal for its $25 million, 191,000-square-foot Chesterfield County inspection center, General Manager Robert Sheets said Wednesday at the center’s ribbon cutting. Carvana has hired 240 employees and expects to reach 400 workers when it begins full production later this […]

Aiming for the max score
Jul 28, 2022

Breaking rank

What a difference a year makes. On July 13, 2021, against a backdrop of ships blasting their horns and spraying water in celebration at the Port of Virginia’s Norfolk International Terminals, Gov. Ralph Northam sat for a harborside interview with CNBC, which had just named Virginia the nation’s best state for business for an unprecedented […]

During a June 15, 2022, news conference at the Science Museum of Virginia in Richmond, Gov. Glenn Youngkin announced that the Lego Group plans to build a $1 billion toy factory in Chesterfield County. Cover rendering courtesy Lego Group; Youngkin photo by Shaban Athuman/AP Images
Jul 28, 2022

Youngkin, CNBC see room for growth in Va.

In July, Virginia ceded the top spot in CNBC’s America’s Top States for Business rankings to neighboring North Carolina, with Virginia taking third place in the annual list. Virginia had previously held the No. 1 slot for a record-breaking two years — a feat no other state has matched in the coveted award’s 15-year history. […]

The Virginia House of Delegates reconvened for a June 1 special session to resolve a state budget impasse. Photo by AP Images/Daniel Sangjib Min
Jun 28, 2022

Balancing act

The Virginia General Assembly returned to a familiar configuration in 2022, legislating with a Republican-majority House of Delegates and Democratic-controlled Virginia Senate for the seventh time since 2000. But while the partisan split was old hat, much else about the session was new, taking place two years into the global COVID-19 pandemic and occurring after […]

Massimo Zanetti Beverage USA logo
Jun 27, 2022

Coffee roaster to invest $29M to expand Suffolk facility

Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the […]

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