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Lowe’s to open distribution facility in Suffolk
North Carolina-based home improvement retailer Lowe’s Cos Inc. will establish a coastal holding facility in the city of Suffolk, adding 100 jobs, Gov. Glenn Youngkin announced Thursday. Lowe’s had more than $96 billion in sales in fiscal 2021 and it operates or services nearly 2,200 home improvement and hardware stores, employing more than 300,000 associates. […]
Coming home
As a kid growing up in Virginia Beach, “Scotty” Gray saw military aircraft so routinely that he wanted to become a pilot. Today he is U.S. Navy Rear Adm. Christopher (still “Scotty”) Gray, commander of Navy Region Mid-Atlantic, where he oversees an area that stretches from Wisconsin to North Carolina and includes 14 installations — […]
Executive insights
Virginia Business asked five Hampton Roads leaders to discuss how regional cooperation could directly impact their industries, how they’re coping with staffing shortages and what their hopes are for the region’s future. XAVIER BEALE Vice president of human resources and trades, Newport News Shipbuilding, Newport News Most Hampton Roads leaders say they’d like to see […]
Skanska wins $223M contract for offshore wind farm prep
New York-based Skanska USA won the $223 million contract to redevelop the 72 acres of the Portsmouth Marine Terminal that Dominion Energy Inc. will use as a staging area for its $9.8 billion Coastal Virginia Offshore Wind project. The company announced the award on Tuesday. The CVOW calls for the construction of 176 wind turbines […]
Former Va. finance secretary Layne named port authority chair
Former state finance and transportation secretary Aubrey L. Layne Jr. has been named chair of the Virginia Port Authority’s Board of Commissioners, the Port of Virginia‘s administrative body announced Wednesday. Layne is a veteran of Virginia government, having served as secretary of finance under Gov. Ralph Northam and secretary of transportation under Gov. Terry McAuliffe. […]
Coffee roaster to invest $29M to expand Suffolk facility
Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the […]
Port of Va. partnering with Norfolk Southern
The Port of Virginia is part of a new partnership with Norfolk Southern Corp., Hapag-Lloyd and Union Pacific Railroad. The partners will provide expedited train shipping from the East Coast to the western U.S., Norfolk Southern announced last week. The partnership, called OceaNS Bridge Express, will start at the Port of Virginia’s Norfolk International Terminals […]
Tech manufacturer to add 32 jobs in Newport News
Newport News-based automated machinery designer Mühlbauer Inc. will invest $9 million to expand its Newport News operation, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. Mühlbauer Inc. is the U.S. subsidiary of German company Mühlbauer Group. The company will make upgrades to its Oakland Industrial Park facility and add production equipment. […]
Port, Army Corps formalize dredging cost-share agreement
The Port of Virginia and the U.S. Army Corps of Engineers signed an agreement Friday that formalized their collaboration on the Norfolk Harbor dredging project to deliver the East Coast’s widest and deepest channels by 2024. The Army Corps also will use federal funding to award its first construction contract for the project, which started […]
Setting a course
Each week, MDV SpartanNash LLC, the nation’s leading supplier for overseas U.S. military commissaries and exchanges, loads 100 to 200 containers filled with everything from peanut butter to clothing aboard steamships bound for Europe, Africa, Bahrain, Kuwait and Honduras, as well as Puerto Rico and Guantanamo Bay. “In places like Guantanamo Bay and Bahrain, there’s […]
Port of Virginia
In fiscal 2021, the Port of Virginia set cargo records, generating more than $100.1 billion in ancillary economic impact, according to a report from William & Mary’s Raymond A. Mason School of Business in conjunction with Glen Allen-based Mangum Economics. The six-terminal system generated 436,667 jobs, $47.4 billion in Virginia gross state product, $27.2 billion […]
Forward motion
Shenandoah is known for apple blossoms, but something else is popping up this spring in Front Royal: a new 340,000-square-foot warehouse logistics center. About a half-mile from the Virginia Inland Port, the center is one of roughly a dozen projects in the region built by Equus Capital Partners Ltd., a commercial real estate agency based […]
