Sign In
Free Newsletter
Auto component supplier announces $4.6M Strasburg expansion
Automotive components and systems supplier International Automotive Components Group (IAC Group) will invest $4.6 million to expand its Strasburg operations and add auto component lines and products to its existing facility, creating 47 jobs, Gov. Ralph Northam announced Monday. Headquartered in Luxembourg, IAC Group is a supplier of instrument panels, console systems, door panels, headliners [&he[...]
Volvo electric trucks to be produced at NRV plant in early 2021
Volvo Trucks North America’s plant in Pulaski County will manufacture its new battery-powered VNR Electric truck model starting early next year, the company announced Thursday. The largest Volvo truck plant in the world, the Dublin facility currently employs close to 3,000 people and builds heavy-duty trucks of multiple models. The Volvo Class 8 VNR Electric […]
Va. Coalfield Economic Development Authority establishes $1M Renewable Energy Fund
The Virginia Coalfield Economic Development Authority (VCEDA) announced Thursday it has established a $1 million Renewable Energy Fund from coal tax credit funds. “With the establishment of the Renewable Energy Fund, VCEDA is poised to readily assist in the development of renewable energy projects, which will add new jobs and investment to the region and […]
Packaging manufacturer announces $68M expansion in Louisa, Wythe
Packaging manufacturer Klöckner Pentaplast Group (kp) will invest $68 million to expand its facilities in Louisa and Wythe counties, creating 54 jobs, Gov. Ralph Northam announced Tuesday. Founded in 1965 Montabaur, Germany, Klöckner Pentaplast Group manufactures packaging for pharmaceutical, medical device, food, beverage and card clients. The company has operations in 18 countries and employs [...]
Rolls-Royce to pay $135K to resolve hiring discrimination dispute
Reston-based Rolls-Royce North America Holdings Inc. has agreed to pay $135,000 in back wages and interest to 26 female applicants who were not selected for machine operator positions at its Prince George County aircraft component manufacturing facility. The payments were the result of an agreement with the U.S. Department of Labor’s Office of Federal Contract […]
Altria converts Juul nonvoting shares to voting shares
Henrico County-based Altria Group Inc. has converted its nonvoting shares of e-cigarette leader Juul Labs Inc. to voting shares, the company announced Thursday. However, Altria said it does not plan to take a more active role on the board until a federal complaint is resolved. Altria has owned 35% of Juul’s stock since late 2018, […]
SWVA guardrail manufacturer announces $7.9M expansion
Nine months of hard work has paid off. Since February, InvestSWVA has been working with highway guardrail manufacturer SPIG Industry LLC on its expansion plans, and on Thursday Gov. Ralph Northam announced the Washington County-based company’s plans to invest $7.9 million to expand its operations in the Bristol-Washington Industrial Park, creating 113 jobs. Formed in […]
Volkswagen Group of America deepens its Fairfax roots
Automobile manufacturing giant Volkswagen Group of America Inc. (a wholly owned subsidiary of Volkswagen AG) announced Tuesday it has chosen to keep its headquarters in Fairfax County — signing a 20-year lease agreement in Reston Town Center. Volkswagen’s North American headquarters has been located in Fairfax County since 2007. It will be the anchor tenant in […]
Kaine introduces legislation to establish HBCU business centers
U.S. Sens. Tim Kaine (D-Virginia) and Roger Wicker (R-Mississippi) announced Tuesday they have introduced the Reaching America’s Rural Minority Businesses Act, which would establish up to 10 minority business centers at historically Black colleges and universities (HBCUs) to serve rural and underserved communities. The legislation would authorize the Minority Business Development Agency (MBDA) i[...]
N.C. furniture manufacturer to create 150 jobs in Pittsylvania
North Carolina-based Ison Furniture Manufacturing Inc. will invest $3.5 million to acquire and renovate the recently closed A.C. Furniture Co. Inc. facility in Pittsylvania County, creating 150 jobs, Gov. Ralph Northam announced Monday. Ison furniture will also purchase new assembly and production equipment for its upholstered furniture products. Its supplier, Dogwood Global LLC, will occupy [&h[...]
Danville Community College announces Morgan Olson collaboration
Danville Community College (DCC) on Thursday announced a collaboration agreement with North America’s largest walk-in van manufacturer, Morgan Olson LLC, for training and talent development. Working with the Virginia Talent Accelerator Program and the Virginia Economic Development Partnership (VEDP), DCC and Morgan Olson developed a comprehensive training program to bolster a talent pipeline for[...]
Va. Beach PPE manufacturer will create 180 jobs with $5.3M expansion
Premium-PPE, a manufacturer of AmeriShield branded masks and personal protective equipment, will invest $5.3 million to expand its Virginia Beach operations, creating 180 jobs, Virginia Gov. Ralph Northam announced Thursday. Premium-PPE is a subsidiary of Premium Estore LLC (doing business as PremiumEcigarettes), an e-cigarette product manufacturer that in March began operating as Premium-PPE to f[...]
