Sign In
Free Newsletter
Fed’s Fifth District economy grows modestly
Economic activity in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew modestly from early September, according to the latest edition of the Fed’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered [&hellip[...]
Dairy products manufacturer to expand in Augusta
Shamrock Farms, an Arizona-based dairy products manufacturer, will invest $59 million to expand its Augusta County manufacturing operation, Gov. Glenn Youngkin announced Tuesday. Shamrock Farms expects to create 28 jobs through the expansion, which will add 81,000 square feet to the manufacturer’s 250,000-square-foot facility in Mill Place Commerce Park. The company opened its Augusta facility [[...]
Bassett reports Q3 loss, with performance hurt by cyberattack
Bassett Furniture reported $75.6 million in consolidated third quarter sales, a 13.3% decline from last year and a 9% drop from last quarter. It also recorded an operating loss of $6.4 million, its fifth consecutive loss. The overall loss included a $1.2 million loss on a logistical services contract the company chose to abandon to […]
Marble Systems to build facility in Caroline County
A Fairfax County-based stone products manufacturer and distributor, Marble Systems, will invest $9.7 million on a warehouse and distribution center in Caroline County, creating an estimated 59 jobs, Gov. Glenn Youngkin announced Friday. Virginia competed with South Carolina, New Jersey and Georgia for the project, which will also include cut stone and stone product manufacturing […]
Currie Medical to expand in Norfolk
Currie Medical, a medical device manufacturer, plans to invest $1.22 million to expand its operations in Norfolk, creating an estimated 60 jobs, the governor’s office announced Friday. Based in Franklin, Tennessee, Currie Medical will lease a 30,000-square-foot building at 3701 E. Virginia Beach Blvd. in Norfolk, where it will house its medical device reprocessing operation […]
Growth in the valley
It can take a village — or a valley — to attract a multinational corporation. Shenandoah Valley economic and workforce development officials combined forces to entice Northrop Grumman to locate a 315,000-square-foot advanced electronics manufacturing and testing facility on a 63-acre site in Waynesboro, a project announced in November 2023. Construction of the $200 million-plus […]
Manufacturer plans $5M expansion in Scott County
VFP, a manufacturer of enclosures used to protect critical infrastructure, will invest $5 million to expand its Scott County facility, a move expected to create 50 jobs, Gov. Glenn Youngkin announced Monday. The expansion will allow VFP to respond to a growing data center market. “Virginia’s robust data center industry relies on manufacturers like VFP, […]
$10M Biochar plant opens in Waverly
Restoration Bioproducts’ executives and employees gathered with state and local officials Wednesday to celebrate the opening of the company’s Sussex County biochar production facility. Through a thermal decomposition process known as pyrolysis, the facility heats waste wood to high temperatures in an environment without oxygen to transform the material into syngas — a combustible gas [&helli[...]
Hooker CEO talks layoffs, other takeaways from Q2 earnings report
This story is republished with permission from Furniture Today. Martinsville-based Hooker Furnishings reported $95.1 million in consolidated net sales for the second quarter last week, a 2.8% drop from last year. It marked the second consecutive quarterly loss for the company, at $3.1 million. Other than the usual sales figures, there were a few notable […]
Pump, valve manufacturer to expand in Henrico
KSB USA/North America, a Henrico County-based pump and industrial valve supplier, will invest $25 million to more than double the square footage of its facility there, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. As part of the expansion, KSB will add another loading dock office space and update its shipping […]
BWX Technologies names Nuclear Operations Group head
BWX Technologies has tapped Gary D. Camper to be president of BWXT Nuclear Operations Group, according to a Tuesday announcement. Based in Lynchburg, Camper will lead more than 5,000 employees at five sites across four states, all of whom are manufacturing nuclear reactor components and fuel for U.S. Navy submarines and aircraft carriers. Camper has […]
Virginia 500: The 2024-25 Power List
Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the fifth annual edition of the Virginia 500: The 2024-25 Power List. Read more about how we assembled the Virginia 500 from our editor. Executives are listed in alphabetical order by industry. Below you will find links […]
