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VEDP

Site preparation began in January for Blue Star NBR LLC’s $714 million nitrile glove manufacturing complex at Progress Park in Wytheville. Photo by Earl Neikirk
Feb 27, 2022

‘Behind the eight ball’

David Manley had a good feeling. The site visit was going well. During their spring 2021 tour of the Progress Park industrial site in Wytheville, the leaders of a manufacturer of nitrile gloves — those blue, disposable pieces of personal protective equipment that have become ubiquitous during the pandemic — seemed intrigued by the prospect of the […]

Feb 25, 2022

Walgreens to establish $34.2M fulfillment center in Hanover

Walgreens will invest $34.2 million to establish a micro-fulfillment center in Hanover County, a project expected to create 249 jobs, Gov. Glenn Youngkin announced Friday. The 65,686-square-foot facility will be located at the 185,000-square-foot Atlee Station Logistics Center and will have automated machinery to allow for a flexible operating model. “The Walgreens micro-fulfillment center in [&[...]

Jan 12, 2022

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[...]

Jan 11, 2022

Calif. aerospace company proposes Accomack County facility

Accomack County is a finalist for a proposed Rocket Lab USA Inc. facility, Gov. Ralph Northam announced Tuesday. If the county is selected, Long Beach, California-based aerospace company Rocket Lab would develop a facility to support part production, assembly, integration and test operations to support the launch of its Neutron launch vehicle from the NASA […]

Jan 3, 2022

Looking back

In November 2021, Gov. Ralph Northam sat down for an interview with Virginia Business, looking back at his eventful four-year term. This is a transcript of the full interview, part of which was used in the January 2022 cover story, “A dramatic shift.” The interview has been edited for length and clarity. Virginia Business: What […]

Dec 13, 2021

Two Va. projects are finalists for $100M U.S. EDA grants

Two Virginia projects — one to make Central Virginia an advanced pharmaceutical manufacturing hub and one to support the transportation and logistics cluster in Southern and Southwest Virginia — are two of 60 finalists for the U.S. Economic Development Administration’s Build Back Better Regional Challenge, which will provide awardees with up to $100 million each. […]

Dec 2, 2021

$31.5M Winchester turkey plant to create 111 jobs

Minnesota-based TFC Poultry LLC will invest $31.5 million to establish its second U.S. production facility in Winchester, a project expected to create 111 jobs, Gov. Ralph Northam announced Thursday. “Virginia’s strong agriculture sector continues to play a critical role in the success of our booming economy,” Northam said in a statement. “We are pleased the company […]

Nov 22, 2021

VEDP board taps interim president

The Virginia Economic Development Partnership Board of Directors’ executive committee voted unanimously on Nov. 17 to name Jason El Koubi interim president and CEO of the partnership, effective Jan. 1. VEDP‘s executive vice president, El Koubi has been with the organization since July 2017. “We have succeeded because we have a highly talented, dedicated team, […]

Nov 22, 2021

Roanoke biz to create 30 jobs in Scott County

Roanoke-based VFP Inc. will invest $7.2 million to expand in Scott County, creating 30 jobs, Gov. Ralph Northam announced Monday. The expansion will allow VFP to produce larger concrete shelters. “Great workers live in Southwest Virginia, and companies like VFP recognize that,” Northam said in a statement. “Virginia is advancing manufacturing across the commonwealth, and […]

Nov 16, 2021

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[...]

Stephen Moret is president and CEO of VEDP.
Nov 10, 2021

Stephen Moret to leave VEDP

Virginia Economic Development Partnership President and CEO Stephen Moret will leave VEDP to become president and CEO of Indianapolis-based Strada Education Network in January, Strada and VEDP announced Wednesday. Moret expects that VEDP’s board will appoint Executive Vice President Jason El Koubi to serve as interim CEO and a nationwide search will be conducted for […]

Oct 15, 2021

Insurance startup to create 70 jobs with Henrico HQ

Startup specialty property and casualty insurance holding company Richmond National Insurance Co. (RNIC) will create about 70 jobs over the next three years as it establishes its headquarters in Henrico County, Gov. Ralph Northam announced Friday. “The commonwealth is always looking to create an environment that supports startups and businesses of all sizes,” Northam said […]

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