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VEDP, Martinsville receive $3.9M in federal grants
The city of Martinsville and the Virginia Economic Development Partnership have been awarded $3.9 million in federal CARES Act grants to boost economic development during the downturn related to the COVID-19 pandemic, the U.S. Department of Commerce announced Thursday. Martinsville will receive a $3 million grant from the Commerce Department’s Economic Development Administration to expand [&[...]
Martinsville credit union names chief information officer
Martinsville-based ValleyStar Credit Union announced Thursday it has hired Cheri Spence as its first chief information officer. Spence joined the ValleyStar board of directors in 2019 as the result of a merger with Entrust Financial Credit Union, where she served as chairwoman. She most recently served as vice president and CIO of Richmond-based nonprofit ChildFund. […]
Laminating company to add 42 jobs in Henry County
Custom laminating company Laminate Technologies Inc. will invest $4 million to expand its Henry County facility in Ridgeway, creating 42 jobs, Gov. Ralph Northam announced Friday. The company’s manufacturing facility, which opened in 2012, is located at 775 Industrial Park Drive, where an automated hardwood plywood press line will be installed to increase its capacity […]
Martinsville apartment complex sells for $2.52M
An apartment complex in Martinsville sold for $2.525 million, Cushman & Wakefield | Thalhimer announced Thursday. Located at 16 Molly Circle, the Wellington Manor Apartments includes 62 town house-style units. The property was sold by TP Two LLC and Wellington Inc. to Wellington Manor Apartments LLC. The complex is located directly off of U.S. Route […]
Martinsville consulting firm names VP operations
Martinsville-based manufacturing business consulting firm Genedge announced Tuesday that Anthony “Tony” Cerilli has been promoted to vice president of operations. In his new role at the company’s Newport News office, he will be responsible for customer fulfillment. He will also oversee all client engagement between staff and third-party providers. Cerilli was most recently Genedge̵[...]
Martinsville credit union announces leadership changes
Martinsville-based ValleyStar Credit Union announced Friday it has promoted Lisa M. Lambrecht to executive vice president. She was previously the chief financial officer at the credit union. In her new role, she will report to the president and CEO, and oversee the CFO, chief operating officer, chief marketing officer, the risk management department and the […]
GO Virginia Region 3 names program director
Growth and Opportunity for Virginia’s Region 3 Council announced Tuesday it has named former Orange County Administrator Bryan David as program director for the region, which includes the cities of Danville and Martinsville. In his new role, David will lead the operations of the Region 3 GO Virginia Council in collaboration with partner organizations, residents […]
FerraTex to buy Henry County facility for $1.95M
FerraTex Solutions LLC will purchase the former Compton Woods Products facility in Bowles Industrial Park in Henry County for $1.95 millon, Gov. Ralph Northam announced Thursday. FerraTex, which specializes in services and liners for cured-in-place pipes (a method of repairing existing pipelines), will renovate and expand the facility, adding 15 jobs. “As we work to […]
