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Virginia, other states sue Augusta County company Nexus Services
Updated 3:30 p.m. Feb. 22 Virginia Attorney General Mark Herring joined Massachusetts and New York in suing Virginia-based bonding company Nexus Services Inc., alleging in the suit that its Libre by Nexus subsidiary “preys on consumers held in federal detention centers by offering to pay for consumers’ immigration bonds to secure their release.” In exchange […]
First Bank to acquire The Bank of Fincastle
Strasburg-based First National Corp. (the bank holding company of First Bank) announced Thursday it will acquire The Bank of Fincastle. Financial terms of the transaction were not released, but the combined bank is expected to have approximately $1.2 billion in assets, $868 million in loans, $1 billion in deposits and 20 branch offices across Virginia. […]
Help wanted
Meat, coffee creamer, frozen fruits and chocolate. These commodities represent some of the bread and butter business lines, literally, of Devon Anders’ mega storage and supply chain logistics company, which is based in Mount Crawford and has other state locations. The success of InterChange Group Inc. rises and falls on the health of the Shenandoah […]
Changing course
For the first time, James Madison University’s College of Business offered spring 2020 students in its MBA program an elective course focused specifically on diversity. By the end of the semester, JMU had hired the course’s instructor, visiting professor Demetria Henderson, as the business school’s director of diversity, equity and inclusion. The appointment was a […]
Representing the underdogs
Although it’s hard to think way back to January 2020, a time before a year of social unrest, pandemic and economic peril, that’s when Virginia’s legislature and executive branch became majority-Democrat for the first time since 1993. However, even if some Virginians forgot about this significant shift, Republican lawmakers have not. Just before Thanksgiving, Virginia […]
Shenandoah pushes forward with broadband expansion
Even while getting his teeth cleaned, Michael Keyser can’t escape the topic of broadband expansion. “It’s the only thing they’ll talk about,” the CEO of BARC Electric Cooperative says, recounting a recent discussion with a dental hygienist excited about receiving broadband service. BARC, a member-owned electric utility that serves the Shenandoah Valley, has taken the [&hellip[...]
Auto component supplier announces $4.6M Strasburg expansion
Automotive components and systems supplier International Automotive Components Group (IAC Group) will invest $4.6 million to expand its Strasburg operations and add auto component lines and products to its existing facility, creating 47 jobs, Gov. Ralph Northam announced Monday. Headquartered in Luxembourg, IAC Group is a supplier of instrument panels, console systems, door panels, headliners [&he[...]
Shenandoah Valley Organic to create 110 jobs in Harrisonburg
Shenandoah Valley Organic, a family-owned organic chicken company, will establish a second, 75,000-square-foot facility in Harrisonburg, increasing production capacity and retail packaging abilities. The expansion will create 110 jobs, Gov. Ralph Northam announced Tuesday. Founded by sixth-generation farmer Corwin Heatwole, Shenandoah Valley Organic mission is to partner with independent family fa[...]
Northam announces ‘Dopesick’ to film in Virginia
On Tuesday, Gov. Ralph Northam announced that “Dopesick,” an eight-episode limited Hulu series, will film in Central Virginia, the Shenandoah Valley and Roanoke region through the spring. Based on the bestselling nonfiction book “Dopesick: Dealers, Doctors, and the Drug Company that Addicted America,” by Roanoke journalist Beth Macy, the series will star Academy Award-nominated actor [&hel[...]
VMI superintendent resigns amid racism probe
Following Virginia Gov. Ralph Northam’s announcement of a probe into allegations of racism at Virginia Military Institute, the school’s superintendent, retired U.S. Army Gen. J.H. Binford Peay III, has resigned. In a letter dated Oct. 26, Peay said that the probe announced by Gov. Ralph Northam and other top state legislators into allegations of racism […]
Mt. Jackson firm buys German lab company
Mt. Jackson-based preclinical and clinical archiving company StageBio announced Tuesday it has acquired Freiburg, Germany-based TPL Path Labs. Terms of the acquisition were not disclosed. StageBio provides GLP-compliant (good laboratory practice) necropsy, histology, pathology and specimen archiving services for both preclinical and clinical research. The combined company will offer other servic[...]
Va. to expand networking program to new regions
During the next two years Virginia will invest $1.7 million to expand the Network2Work workforce development initiative, Gov. Ralph Northam announced Tuesday. The commonwealth will partner with the Virginia Community College System to pilot the Network2Work model in the Shenandoah Valley, Hampton Roads and greater Richmond regions. Network2Work was established by Piedmont Virginia Community Colleg[...]
