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Alexandria arena proposal economic impact report released
An economic and fiscal impact analysis released Friday by the Alexandria Economic Development Partnership forecasts that the proposed Washington Capitals and Wizards arena in Alexandria could generate up to $7.96 billion in annual economic output for the state. Additionally, the report says the arena could be completed as soon as 2028 if its construction schedule […]
Trident Systems to add 50 jobs in Fairfax
Fairfax-based aerospace defense contractor Trident Systems plans to invest $3.7 million in an expansion of its Fairfax County operation, creating about 50 jobs, Gov. Glenn Youngkin announced Tuesday. Trident Systems, which was acquired by Chantilly-based LightRidge Solutions in July 2023, produces space electronic systems for the Department of Defense, NASA and the intelligence community. The [&he[...]
Lucas: Alexandria arena deal is dead as far as she’s concerned
A bill that would establish a state authority for the proposed Alexandria basketball and hockey arena is not on the Virginia State Senate’s Finance and Appropriations Committee’s docket “because [Gov. Glenn Youngkin’s] proposal is not ready for prime time,” wrote Sen. Louise Lucas, the committee’s powerful chair. According to a video released by Senate Majority [...]
Mack Trucks will expand Roanoke County facility
North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current facility to increase capacity for its […]
Anthem, Va. Chamber partner on WiseChoice Healthcare Alliance
The Virginia Chamber of Commerce is partnering with Anthem Blue Cross and Blue Shield on the WiseChoice Healthcare Alliance, the next step in providing health insurance to small business owners through a newly legalized consortium structure, President and CEO Barry DuVal announced Wednesday. In June 2022, Gov. Glenn Youngkin signed legislation allowing associations — including […]
Wizards, Capitals plan Alexandria move in $2B deal
The Washington Capitals and Washington Wizards are planning a move to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced Dec. 13, 2023. The nonbinding agreement to build a new arena for the Capitals and Wizards is […]
Back in the saddle again
The political version of musical chairs — aka the 2024 General Assembly session — begins again in Richmond this month, as legislative control shifts once again to Democrats, who won majorities in the House of Delegates and the state Senate in the November 2023 elections. Nevertheless, a 6-foot-5-inch Republican roadblock stands in the way of […]
Wholesale electrical distributor plans Va. expansion
Cooperative Electric Energy Utility Supply (CEEUS), a South Carolina-based electrical distributor that serves cooperatives, municipals and investor-owned utilities, plans to invest $37 million into a new 187,000-square-foot warehouse and distribution facility in Hanover County, creating 30 jobs, Gov. Glenn Youngkin announced Thursday. The facility will support CEEUS’s customers in Virginia, [...]
Gov. proposes $90M to launch ‘Va. Research Triangle’
In a preview of his 2024-26 proposed budget, Gov. Glenn Youngkin announced Monday that he is including $90 million in one-time funds to create “Virginia’s Research Triangle,” a network between the University of Virginia, Virginia Commonwealth University and Virginia Tech to build collaboration in biotechnology, life sciences and pharmaceutical manufacturing. Youngkin’s bien[...]
GSA inspector general to probe FBI HQ site selection
Three weeks after U.S. Sen. Mark Warner lambasted a decision to place the FBI headquarters in Maryland instead of Springfield as “corrupt,” the Office of the Inspector General at the U.S. General Services Administration said Thursday it would launch an investigation immediately, according to a letter made public by Warner’s office. In the letter dated […]
Pot of gold
Placing aside the morality of marijuana use, let’s consider how much money Virginia is currently leaving on the table without a regulated, taxed recreational cannabis market. In 2020, directed by the Virginia General Assembly, which was then under Democratic control, the Joint Legislative Audit & Review Commission conducted a study on legalizing marijuana in Virginia. […]
Northrop Grumman to establish $200M Waynesboro facility
Falls Church-based Fortune 500 defense contractor Northrop Grumman will invest more than $200 million to establish an advanced electronics manufacturing and testing facility in Waynesboro, creating an estimated 300 jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. “Northrop Grumman’s expanding Virginia footprint sends a powerful message that the commonwealth is a magnet[...]
