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Slow and steady
The Lynchburg region has seen the slowest job growth of any metro area in Virginia over the past three years, according to economic analyses, and it typically has a higher unemployment rate than the state average. But there’s more to the story, some officials say. For instance, the Lynchburg region saw 23 inquiries from economic […]
Top Five April 2024
The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 were led by news that Danish toymaker Lego will delay production at its Chesterfield County facility until 2027. 1 | Lego delays Chesterfield production start to 2027 Lego Group will begin production at its $1 billion manufacturing facility […]
Liberty University fined $14M for underreporting campus crime
The U.S. Department of Education has fined Liberty University a record penalty of $14 million for underreporting crime on campus, in a Clery Act settlement announced Tuesday. The amount far outstrips the department’s previous highest-ever fine, $4.5 million, assessed in 2019 against Michigan State University for the gymnastics sexual abuse scandal involving Dr. Larry Nassar. […]
Top Five February 2024
The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2023, to Jan. 15 were led by the announcement that Fortune 500 IT company DXC Technology replaced its top executive. 1 | DXC Technology replaces Mike Salvino The Ashburn-based company replaced Salvino, its chairman, president and CEO, with interim President and […]
Lynchburg and Danville law firms to merge
The law firms of Petty, Livingston, Dawson & Richards in Lynchburg and Southern Virginia Legal (SoVa Legal) in Danville will merge to become PLDR Law beginning Jan. 1, 2024, the two law firms announced Wednesday. Together, the two firms will jointly have 16 attorneys and have offices in Lynchburg and Danville, serving communities across Central […]
Framatome plans $49.4M expansion, creating 515 jobs
Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and developing solutions for advanced and small nuclear reactors. […]
Lynchburg association lands $310k in grants to aid downtown efforts
With help in part from three state grants, Downtown Lynchburg Association is working to brighten the city’s scenic Bluffwalk for the holidays and fill downtown stores. DLA combined a $75,000 Virginia Main Street Downtown Investment Grant with other funding to launch Bright Nights on the Bluffwalk, an eight-week event set to kick off Nov. 17 […]
Former Lynchburg Chapstick factory sells for $1.9M
A 218,818-square-foot industrial property in Lynchburg where Chapstick was once manufactured has sold for $1.9 million, Cushman & Wakefield | Thalhimer said. Valley Properties purchased the industrial/manufacturing building, located at 1000 Robins Road, from KDC/One as an investment. KDC/One, a global contract manufacturer of personal beauty and home care items based in Canada, announced in [&[...]
Framatome revamps nuclear training pipeline
A French nuclear power company with its United States headquarters in Lynchburg is ramping up hiring to meet a growing global need for clean, low-carbon energy. Framatome North America is recruiting for 200 positions in the U.S, about 125 of which are in Lynchburg, and it anticipates a “significant” number of additional openings in coming […]
Falwell Jr. lawsuit targets Prevo, Liberty board members
A legal complaint filed last week by former Liberty University President and Chancellor Jerry Falwell Jr. alleges that President Emeritus Jerry Prevo and members of Liberty’s executive committee received in excess of $1 million from the university “through a series of questionable self-dealing transactions that have the appearance of kickbacks.” Filed in the U.S. District [&helli[...]
Liberty University partners with Spirit in pilot pipeline program
Liberty University is partnering with Spirit Airlines in a pipeline program to land aeronautics graduates jobs as pilots amid a national shortage. Spirit, a low-cost airline headquartered in Miramar, Florida, with presences at Richmond and Norfolk’s airports, announced the partnership Thursday. Liberty, which has an aeronautics school, is the 10th partner in the airline’s Spirit [&hell[...]
Manufacturing 2023: KATHERINE WILLIAMS
On July 1, Williams succeeded CEO Gary Mignogna, who became Framatome’s board chairman upon his retirement after 45 years leading the nuclear reactor and fuel manufacturer. Williams has worked for the U.S. subsidiary of French nuclear reactor manufacturer Framatome (formerly Areva NP) for more than 20 years and manages all of the parent company’s financial […]
