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Derivatives exchange to add 33 jobs in Fairfax
Nodal Exchange, a derivatives exchange, will invest $300,000 to expand its Fairfax County operations, adding 33 jobs, Gov. Glenn Youngkin announced Wednesday. “Nodal Exchange’s expansion in Fairfax County demonstrates Virginia’s ability to attract and retain global financial technology leaders,” Youngkin stated in a news release. “As North America’s largest [...]
U.Va. board to meet over gender-affirming care dispute
The University of Virginia’s Board of Visitors — now controlled by members appointed by Gov. Glenn Youngkin — has scheduled a Feb. 21 special meeting to discuss UVA Health’s decision to resume gender-affirming medical care for patients under the age of 19. The university-affiliated health system suspended treatments in late January after a federal executive […]
Italian plastic packaging maker coming to Shenandoah
Serioplast, an Italian plastic packaging manufacturer, will open an industrial plant in Shenandoah County, investing $25.7 million and creating an expected 45 jobs, Gov. Glenn Youngkin announced Friday. The company, which was founded in 1974 and has 33 production facilities in 16 countries with more than 2,000 employees, provides rigid plastic packaging for Procter & […]
Judge hits pause on Trump/Musk federal workforce buyout deadline
Less than 12 hours before the Trump administration’s midnight Thursday deadline for 2 million federal workers to decide whether to accept a controversial buyout plan, a federal judge temporarily paused the clock, setting a hearing on the matter for Monday. Three unions representing about 800,000 federal workers filed the lawsuit to stop the deadline. In […]
UVA Health, VCU Health halt gender-affirming treatments for minors
UVA Health and VCU Health systems have suspended all gender-affirming treatments for patients under 19 years old, after receiving a written opinion Thursday from Virginia Attorney General Jason Miyares. In a memo from Miyares titled “Protecting Children from Chemical and Surgical Mutilation,” the Republican attorney general referred to President Donald Trump’s executive order iss[...]
Pharma company to invest $54.2M in Richmond R&D facility
Pharmaceutical company Haleon will invest $54.2 million to upgrade its research and development facility in Richmond and launch an internship program in partnership with state government and Virginia Commonwealth University, Gov. Glenn Youngkin announced Monday. The physical upgrades at the facility, located at 1211 Sherwood Ave., will allow United Kingdom-based Haleon to accommodate new technolog[...]
What to expect from the 2025 Va. General Assembly
The General Assembly enters the fourth year in the gubernatorial cycle with even more gridlock than usual. Democrats hold narrow majorities in both the House of Delegates and Senate, but are vulnerable to vetoes by Republican Gov. Glenn Youngkin, who begins the final year of his constitutionally mandated single term. Hopes for bipartisan compromise were […]
Youngkin proposes eliminating tax on tips in Va. budget
Gov. Glenn Youngkin announced Monday a budget proposal to exempt service tips from Virginia’s state income tax, an idea that’s gained bipartisan support federally. In a statement, Youngkin said that Virginians who receive tips — hair stylists, restaurant workers, bellhops and other service industry professionals — would benefit from being able to claim deductions on […]
Business Facilities names Virginia 2024 State of the Year
Business Facilities has named Virginia its 2024 State of the Year, recognizing the state’s business environment and economic development success, the publication announced Monday. The award comes in the same year as Virginia’s sixth No. 1 ranking as CNBC’s Top State for Business, awarded in July. Virginia previously won Business Facilities’ State of the Year […]
Paver manufacturer to invest $47M for Pittsylvania facility
Cambridge Pavers, a New Jersey-based manufacturer of pavers, slabs and wall systems, will invest $47.35 million to establish a 150,000-square-foot facility at Ringgold East Industrial Park in Pittsylvania County, Gov. Glenn Youngkin announced Friday. Virginia competed with North Carolina, South Carolina, New Jersey, and Massachusetts for the project, which is expected to create 55 jobs. [&hell[...]
Carolina Structural Systems to establish Greensville plant
Carolina Structural Systems, a company that manufactures custom wood trusses and other structural products, will invest $5.5 million and create an estimated 58 jobs in Greensville County, Gov. Glenn Youngkin announced Monday. Based in North Carolina, Carolina Structural Systems plans to construct a 40,000-square-foot manufacturing facility in the Greensville County Industrial Park in Emporia, and [...]
Defense/public safety tech manufacturer moving to SWVA
Wrap Technologies, an Arizona-based public safety and defense technology company, is locating its manufacturing and distribution base in Norton’s Project Intersection industrial park, Gov. Glenn Youngkin announced Friday. The company will occupy a new, 20,000-square-foot building at Project Intersection, where U.S. Route 23 and Highway 58 meet. In August, a $10.4 million EarthLink call cente[...]
