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Port of Virginia in midst of major upgrades
For seemingly the first time ever, the shipping and logistics industry dominated all the headlines, Stephen Edwards, CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia, told a crowd of about 460 at the State of the Port event Thursday in Virginia Beach. At the annual event, hosted by […]
Perdue AgriBusiness plans $59M Chesapeake expansion
Perdue AgriBusiness will invest $59.1 million and expand operations in the city of Chesapeake, Gov. Glenn Youngkin‘s office announced Thursday. The company, an affiliate of Perdue Farms Inc., will modernize facilities and increase production of high protein soybean meal, soybean oil and hulls. The expansion will position Perdue to expand soybean crushing capability to include […]
Norfolk distribution center to create 200 jobs
A Massachusetts-based logistics services company plans to build a distribution and fulfillment center in Norfolk expected to produce 200 jobs, RoadOne IntermodaLogistics announced Tuesday. The company did not disclose the cost of the 340,000-square-foot facility, which will be six miles from the Port of Virginia‘s terminals. It’s the fourth new transload facility RoadOne has added [&he[...]
UNIS to add nearly 1M square feet near Port of Virginia
California-based third-party logistics company UNIS LLC plans to open two sites near the Port of Virginia next year, comprising nearly 1 million square feet. Industrial Realty Group LLC, which will construct the buildings, announced the project last week. It includes a 910,000-square-foot high volume, cross dock terminal in Suffolk and a 72,000-square-foot transload facility in […]
Hubs and spokes
Economic conditions bounced back across many sectors in 2021, but the COVID-19 pandemic still impacted development deals occurring in Virginia. The state saw a great deal of focus on manufacturing and supply chain growth, areas expected to stay busy despite the recent change in state political leadership. In Hampton Roads, many of the region’s major […]
Port of Va. hires offshore wind development VP
Patrick Kinsman, former CEO and commander of the U.S. Army Corps of Engineers’ Norfolk District, has been hired as the Port of Virginia’s new vice president of offshore wind development. Kinsman will oversee Portsmouth Marine Terminal’s conversion to a logistics hub. Simeans Gamesa Renewable Energy S.A. is investing $200 million to build the first U.S. […]
Port of Va. had $100B+ economic impact in FY21
Amid some of the toughest months of the pandemic, the Port of Virginia set cargo records, processing more than 3.2 million TEUs (20-foot equivalent units) for the fiscal year ending June 30, 2021, and generating more than $100.1 billion in ancillary economic impact, according to the port‘s fiscal 2021 economic impact report released Thursday. According […]
Va. economic growth will slow in 2022, ODU economists predict
Virginia’s economy is likely to grow at a slightly slower pace in 2022 than it did last year, with the COVID-19 pandemic continuing to make future predictions murky, according to the 2022 Annual Economic Forecast released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. “If we can control COVID-19, the economy […]
Recycling joint venture to create 210 jobs in Chesapeake
Two sustainable development companies — New Jersey-based Kamine Development Corp. and Minnesota-based Nicollet Industries LLC — will invest $267 million to establish a joint venture paperboard recycling and production facility in Chesapeake, a project expected to create 210 jobs, Gov. Ralph Northam announced Tuesday. The 335,000-square-foot Celadon Development Corp. facility will be at the Che[...]
Canadian frozen food company to create 67 jobs in Warren County
Montreal-based Nature’s Touch Frozen Foods LLC will spend $40.3 million to expand in Warren County, creating 67 jobs, Gov. Ralph Northam announced Tuesday. Harrisonburg-based InterChange Group Inc. will build a 126,000-square-foot facility for Nature’s Touch. The company will import raw materials directly to the new facility for processing and distribution. In 2014, Nature’s Touc[...]
Sugar alternative company to create 64 jobs in Albemarle County
Virginia sugar alternatives company Bonumose Inc. will invest $27.7 million to expand in Albemarle County in a partnership with The Hershey Co. to research and develop reduced or zero sugar chocolate products, creating 64 jobs, Gov. Ralph Northam announced Thursday. Bonumose will move into 36,000 square feet in the former State Farm building to increase […]
Italian meat company bringing 150 jobs to Rockingham County
Italian cured meats manufacturer Veronesi Holding S.p.A., a Gruppo Veronesi company, will invest approximately $100 million to establish its first U.S. production facility in Rockingham County, creating an estimated 150 jobs over the next four years, Gov. Ralph Northam announced Thursday. The facility will be located on 75.8 acres in the Innovation Village @ Rockingham […]
