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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[...]
Judge rules Youngkin’s RGGI exit was unlawful
A Floyd County Circuit Court judge ruled this week that Gov. Glenn Youngkin‘s decision to withdraw Virginia from the Regional Greenhouse Gas Initiative was unlawful, but the governor plans to appeal the decision, according to a spokesperson. Judge Randall Lowe ruled that “the only body with the authority to repeal the RGGI regulation would be […]
Miyares declares run for 2nd term as Va. AG
Virginia Attorney General Jason Miyares declared Monday he will run for a second term in 2025, leaving Lt. Gov. Winsome Earle-Sears a clear path to the Republican nomination for governor. Gov. Glenn Youngkin, who is prohibited by state law from serving consecutive terms as governor, endorsed both candidates following Miyares’ announcement. A former Virginia Beach […]
Appalachian Power plans small nuclear reactor in Campbell
Appalachian Power, an electric utility subsidiary of American Electric Power which serves more than one million customers in Virginia, West Virginia and Tennessee, announced plans Thursday to bring a small modular nuclear reactor (SMR) project to Campbell County. The company, which has its headquarters in Charleston, West Virginia, has identified a potential site for the […]
Youngkin announces plan to grow workforce housing
At the Governor’s Housing Conference in Virginia Beach Thursday, Gov. Glenn Youngkin unveiled the Workforce Housing Investment Program, an initiative at Virginia Housing that will invest $75 million over five years to spur the creation of workforce-priced housing. The funding holds the potential, according to a news release from the Governor’s Office, to “catalyze $750 […]
Pittsylvania megasite wins $1.3B battery separator project
Tennessee-based Microporous will invest $1.3 billion to build its battery separator manufacturing facility at the Southern Virginia Megasite at Berry Hill in Pittsylvania County, Gov. Glenn Youngkin announced Wednesday. The company expects the project to create 2,015 jobs. The megasite’s first tenant, Microporous will develop Lot 1 at the park in two phases, with each […]
Avionics manufacturer will invest $5M on Reston office and R&D facility
CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. “This creation of new high-tech jobs demonstrates the strength of [&h[...]
Electro-Mechanical launches $16.5M expansion in Washington County
Electro-Mechanical — an electrical equipment manufacturer headquartered in Bristol — will invest $16.55 million to expand in Washington County, Gov. Glenn Youngkin announced Tuesday. “Electro-Mechanical’s significant expansion in Washington County demonstrates the strength of Southwest Virginia’s manufacturing sector and business climate,” Youngkin stated in a news re[...]
