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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 […]
Youngkin to propose $350M for site development
Gov. Glenn Youngkin will propose allocating a new $350 million investment for industrial site development next week, the governor said in a speech delivered Friday at the Virginia Chamber’s Virginia Economic Summit & Forum on International Trade. In the 2022-24 budget, which Youngkin signed in June, the state allocated $150 million for the Virginia Economic […]
Technomics to add 150 jobs in Arlington
Government contracting firm Technomics Inc. is investing $1.7 million to expand its Arlington headquarters and add 150 jobs, Gov. Glenn Youngkin announced Tuesday. Technomics is an employee-owned consulting firm that specializes offers a variety of analytics services for federal and international government clients. The company will lease an additional 10,000 square feet at 1225 South […]
Skip Barber Racing School relocating to Halifax County
Skip Barber Racing School will relocate from Connecticut to Halifax County, building an $8.9 million performance driving school at the Virginia International Raceway (VIR) that’s expected to create 24 jobs, Gov. Glenn Youngkin announced Tuesday. VIR will build a 25,000-square-foot facility to be leased to Skip Barber Racing School for the operation at VIR’s onsite […]
ARDX to invest $2.4M to relocate, expand in Norfolk
Health care management and IT consulting firm ARDX will invest $2.4 million to relocate and expand within Norfolk, a project expected to create at least 15 jobs, Gov. Glenn Youngkin announced Thursday. ARDX will move from Lake Wright Drive to 500 W. 21st St. to hire more staff and establish a division of health equity […]
Tourism, hospitality are rebounding, Youngkin says at VA1 summit
One of the big takeaways from the VA1 Governor’s Tourism Summit being held in Norfolk this week is that Virginia is ready and eager for travelers. Travel industry professionals from around the commonwealth are gathering at Hilton Norfolk The Main through Tuesday for the ninth annual state tourism industry conference, which is presented in part […]
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 […]
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 […]
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
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
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. [...]
