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Derivatives exchange company to create 37 jobs in Fairfax
Tysons-based derivatives exchange company Nodal Exchange will invest $300,000 to expand its Fairfax County headquarters, creating 37 jobs, Gov. Glenn Youngkin announced Thursday. The company will increase capacity at its headquarters, located at 1921 Gallows Road in Tysons. “Nodal Exchange offers the largest suite of power and environmental contracts in the world, and we are […]
Pittsylvania anticipates $7M investment by 2 businesses
In a pair of announcements Wednesday, Pittsylvania County officials celebrated an expected total investment of $7 million and more than 40 jobs by two businesses. A paper manufacturer’s Pittsylvania County location is expanding and a Danville medical equipment company is moving to the county, state and county officials announced Wednesday. Netherlands-based paper honeycomb producer Axxor [&h[...]
Packaging manufacturer to create 75 jobs in Smyth County
Northlake, Illinois-based Scholle IPN, a flexible packaging supplier, will invest $31.1 million to expand in Smyth County, a project expected to create 75 jobs, Gov. Glenn Youngkin announced Wednesday. Scholle IPN will expand its Smyth County facility by 73,000 square feet to allow new manufacturing lines for film extrusion and packaging. The company will also […]
Bristol temporary casino to open July 8
Hard Rock International Inc. will open its temporary casino in Bristol July 8, the company announced Thursday. The 30,000-square-foot temporary full-service casino featuring 900 gaming slots and 20 tables for gaming operations will open at 500 Gate City Highway, the former Bristol Mall. It is expected to generate 600 jobs. In February, the casino named […]
Coal waste project launches in SW Va.
A public-private project to evaluate the critical minerals in coal waste products in Virginia, West Virginia and Kentucky launched Wednesday with a community meeting in the Virginia Highlands Small Business Incubator in Abingdon. The project, Evolve Central Appalachia (Evolve CAPP), is part of an almost $1.5 million grant from the U.S. Energy Department to the […]
Sign manufacturer to open facility in Bluefield
Chicago-based custom sign manufacturer Signco Inc. will invest $650,000 to take over the former MC Signs facility at 334 Industrial Park Road in Bluefield, Gov. Glenn Youngkin announced Friday. Signco, which is owned by Anthony Morrone and Vince Sclafani, expects to hire 19 workers at the facility. “Signco’s technology and custom product specifications are advancing […]
Walgreens to establish $34.2M fulfillment center in Hanover
Walgreens will invest $34.2 million to establish a micro-fulfillment center in Hanover County, a project expected to create 249 jobs, Gov. Glenn Youngkin announced Friday. The 65,686-square-foot facility will be located at the 185,000-square-foot Atlee Station Logistics Center and will have automated machinery to allow for a flexible operating model. “The Walgreens micro-fulfillment center in [&[...]
Amazon to open Augusta County distribution facility
Amazon.com Inc. will open a 1 million-square-foot, nonsortable fulfillment center in Augusta County, creating 500 jobs, Gov. Glenn Youngkin announced Wednesday. The facility at 32 Trader Road in Fishersville will open in spring 2023 and will pick, pack and ship bulky or larger-sized items, such as patio furniture, outdoor equipment or rugs. “This new 1 […]
New Va. jobless claims inch up
Virginia’s new unemployment claims rose just slightly for the week ending Jan. 29, the Virginia Unemployment Commission reported Thursday. Virginians filed 2,157 claims for the last week of January, an increase of 217 initial claims from the previous week. Continued claims totaled 7,439, a decrease of 104 claims from the previous week and 89% lower […]
Va. job openings, number of hires rebound from October 2021
Virginia had 301,000 job openings in November, a small rebound from October 2021, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released Jan. 21. In October 2021, job openings in Virginia declined by about 28,000, which was the largest drop among states. The Virginia job openings rate […]
New Va. unemployment claims down 32%
Virginia’s new unemployment claims declined by almost 32%, the Virginia Employment Commission reported Thursday. For the filing week ending Jan. 22, Virginians filed 1,940 initial claims, down 909 from the previous week. Continued claims totaled 7,543, an increase of 484 claims from the week before. Compared to the same week last year, initial claims were […]
Va. economic growth will slow in 2022, ODU economists predict
Virginia’s economy is likely to grow at a slightly slower pace in 2022 than it did last year, with the COVID-19 pandemic continuing to make future predictions murky, according to the 2022 Annual Economic Forecast released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. “If we can control COVID-19, the economy […]
