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Dec 31, 2024

FOR THE RECORD JANUARY 2025

CENTRAL VIRGINIA The City of Richmond and VCU Health plan to use a third-party mediator to settle their real estate dispute. VCU Health in 2021 agreed to pay the city $56 million as part of a deal to redevelop the former Public Safety Building plot. The deal never happened, and VCU Health agreed to pay […]

Feb 28, 2024

Roanoke/New River Year-in-Review: Meeting the demand

The Roanoke and New River Valley regions each had their most successful economic development year in recent history, according to John Hull, executive director of the Roanoke Regional Partnership. That’s thanks to $387 million worth of economic investments announced in 2023, potentially creating thousands of jobs. Roanoke County landed the biggest fish, with Wells Fargo […]

Feb 28, 2024

Shenandoah Valley Year-in-Review: Green valley

Just a couple years later, an $821,000 site development grant awarded to the Shenandoah Valley Partnership by the state’s GO Virginia economic development initiative has already been paying off, says Jay Langston, the partnership’s executive director. The grant, which paid for work including site evaluation and related environmental reviews and surveys, was focused on improving [&helli[...]

Feb 28, 2024

Central Virginia Year-in-Review: Pumping the brakes

During the pandemic, companies began pumping the brakes on expansions out of fear of the unknown. But, using that same car-related analogy, by late 2021, they were flooring it, explains Greater Richmond Partnership President and CEO Jennifer Wakefield. And by 2022, they had kicked it into sport mode. “Now it’s shifted back into normal mode,” […]

Feb 28, 2024

Northern Va. Year-in-Review: Back to the cookie jar

Data centers continued to dominate, define and, in some cases, shape the arc of Northern Virginia‘s 2023 economic story. Amazon Web Services cleared its hurdle in Stafford County, and although Prince William County’s controversial Digital Gateway project faced major public backlash, supervisors ultimately voted to approve the 1,200-acre project’s rezoning applications in December[...]

Feb 28, 2024

Southern Va. Year-in-Review: Hitting the jackpot

Southern Virginia is seeing years of preparation for economic development pay big dividends. Businesses ranging from a temporary casino to a biopharmaceutical company to a flat-glass manufacturer announced they were opening or planning expansions in the region in 2023. Local economic development officials say the major draws they’ve worked hard to put in place include […]

Feb 28, 2024

Eastern Va. Year-in-Review: Striking a balance

Economic development directors often try to balance diversifying their community’s industries while playing to regional strengths. Sean Washington, Norfolk‘s economic development director, believes his city found that balance in 2023. Norfolk has found growth around alternative energy, with Lambert’s Point being developed into a launching point for an offshore wind energy hub at [...]

Jan 30, 2024

February 2024 FOR THE RECORD

Central Virginia  A halal meat business, 5 Pillar Meats, will invest more than $1.7 million to build an abattoir and red meat processing facility in Prince Edward County, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Dec. 28, 2023. The nearly 3,000-square-foot facility will be located on a 3-acre site in the […]

Sep 29, 2022

Vantage point

Norfolk leaders have high hopes for redevelopment projects that will reposition older properties — from an aging mall to an underused marine terminal — to better match modern market demands. “We are always asking, ‘What can we do that allows for some sort of creative transformation to actually happen?’” says Sean Washington, the city’s acting […]

Mar 30, 2022

SW community colleges to create wind manufacturing workforce

The presidents of four community colleges in Southwest Virginia signed a memorandum of understanding Wednesday to establish a wind manufacturing workforce development partnership. “Today’s MOU signing is meaningful because it demonstrates our resident and abiding interest in collaborating. Our four community college presidents are setting an example of how to find ways to work together[...]

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