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Data centers’ job impact is spread out
The Lego Group’s July 2022 announcement that it would build a $1 billion Chesterfield County manufacturing plant came with the promise of 1,760 new jobs. Meanwhile, Amazon.com Inc.’s 20-year, $35 billion investment to expand its data center footprint across Virginia is projected to generate only 1,000 direct jobs. The data center industry‘s jobs-to-investment ratio is […]
Lego breaks ground on $1B Chesterfield facility
The Lego Group broke ground Thursday on its $1 billion Chesterfield County manufacturing facility — launching the Danish toymaker’s first U.S. manufacturing plant and one of Virginia’s biggest economic development projects. The Billund, Denmark-based toy company known for its brightly colored plastic toy bricks and construction sets plans to hire 1,761 people to work at […]
German manufacturer to add 100+ jobs in Chesterfield
Germany-based Weidmüller Group will invest $16.4 million to expand its operations in Chesterfield County, creating more than 100 full-time jobs, Gov. Glenn Youngkin announced Tuesday. Weidmüller Group provides smart industrial connectivity products and solutions that connect and automate electrical power and signaling for components, machines and installations worldwide. It will increase its eng[...]
Va. labor market stayed strong in February
Virginia’s labor market remained strong in February, although growth is slowing, according to employment data from the Federal Reserve Bank of Richmond. Virginia had a net gain of 3,200 jobs in February. The Virginia state government employment was previously 12,000 jobs below the February 2020 level, but the state government nearly halved that deficit last […]
Health care venture to establish manufacturing facility in Norfolk
Princo LLC, a joint venture comprised of health care companies Premier Inc., Vario Labs LLC and Caretrust LLC, will invest up to $23.8 million to establish a health care products manufacturing facility in Norfolk, creating an expected 284 jobs, Gov. Glenn Youngkin announced Tuesday. Princo will initially invest $18.1 million with the potential to invest […]
Lego to hire 500 Chesterfield employees by year’s end
The Lego Group plans to hire approximately 500 people for its $1 billion Chesterfield County manufacturing facility by the end of this year, according to the Danish toymaker’s head of talent operations in the Americas, Karra McCormack. Lego expects to create more than 1,760 jobs over 10 years. The company and Gov. Glenn Youngkin announced […]
Amazon Web Services to invest $35B in Va. data center campuses
Amazon Web Services plans to invest $35 billion by 2040 to establish multiple data center campuses across Virginia, creating 1,000 jobs, Gov. Glenn Youngkin announced Friday. Youngkin’s office said in a news release that “numerous localities in the commonwealth are under consideration” for the campuses, and specific sites “will be decided at a later date.” […]
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 […]
Barkin: To address inflation, U.S. must rethink labor
As the U.S. moves to a short-labor environment, it will be necessary for businesses, governments and nonprofits to reassess their approach to labor, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Friday in Richmond. Speaking at the Virginia Chamber’s 2022 Virginia Economic Summit and Forum on International Trade, Barkin said that although […]
Fed’s Fifth District economy expands slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has expanded slightly since October, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions g[...]
Granules India announces $12.5M pharma facility
Indian pharmaceutical company Granules India Ltd. will invest $12.5 million to establish a pharmaceutical packaging operation in Prince William County, creating 57 jobs, Gov. Glenn Youngkin announced Wednesday. Headquartered in Hyderabad, India, Granules India manufactures active pharmaceutical ingredients and other related products, including acetaminophen, ibuprofen and guaifenesin, the main ing[...]
Fairfax solar/roofing contractor aims to add 400+ jobs
McLean-based solar energy and roofing contractor SmartRoof is relocating to Reston, with plans to add 410 jobs during the next five years, Gov. Glenn Youngkin announced Monday. Founded in 2006, SmartRoof is a residential and commercial roofing contractor that also offers solar energy systems. It serves customers in Northern Virginia, Maryland, Washington, D.C., Eastern Pennsylvania, […]
