Sign In
Free Newsletter
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Hanley Energy to add 343 jobs in Ashburn
Irish energy management company Hanley Energy will invest $8 million to expand its Hanley Energy Electrical division in Loudoun County, a project expected to create 343 jobs, Gov. Glenn Youngkin announced Thursday. Hanley Energy will open a facility at 44381 Russell Branch Parkway to serve the data center market in Ashburn with equipment installation and […]
Lego to build $1B factory in Chesterfield
It’s highly unlikely that it will be built from brightly colored plastic bricks, but the Lego Group will be bringing a $1 billion toy manufacturing plant to Chesterfield County’s Meadowville Technology Park, creating more than 1,760 jobs, the company and Virginia Gov. Glenn Youngkin announced Wednesday during a press conference at the Science Museum of […]
Gee appointed permanent director of Va. Lottery
Gov. Glenn Youngkin announced Friday he has appointed Kelly T. Gee as permanent executive director of the Virginia Lottery, after she served as acting director since January. When she joined the agency in 2018, Gee served as manager of government relations, where she was responsible for managing legislative outreach efforts. She assumed the permanent position […]
