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HP Hood announces $83.5M expansion in Frederick County
HP Hood, a nationally branded dairy processor, will invest more than $83.5 million to expand dairy processing operations at its Winchester-area facility in Frederick County, Gov. Glenn Youngkin’s office announced Tuesday. The project includes upgrades to production and packaging equipment as well as construction of additional warehouse and cooler space. HP Hood’s expansion will provide[...]
Logistics company expanding in Winchester
Third-party logistics warehousing provider WCS Logistics, a Winchester Cold Storage company, will invest $27 million to expand in Frederick County and create an estimated 15 jobs, Gov. Glenn Youngkin announced Tuesday. WCS Logistics will build an 83,000-square-foot cold storage facility with the capacity for more than 13,000 pallets. The facility will include 68,750 square feet […]
Education 2023: TRACY FITZSIMMONS
SU’s president since 2008, Fitzsimmons is overseeing the renovation of a former National Guard armory on the private university’s main Winchester campus into the Hub for Innovators, Veterans and Entrepreneurs (HIVE). Scheduled to open in 2024, HIVE will support startups, offer career pathways for veterans and serve as home to SU’s technology programs. SU also […]
Winchester shopping center sale could revitalize area
During his time on Winchester City Council, Jeff Buettner recalls, plans to revitalize Ward Plaza shopping center were a frequent topic of conversation at every council retreat, going back as far as 1998. Now, as interim executive director of the Winchester Economic Development Authority, he believes that vision is coming close to fruition. “It is […]
Manufacturing 2023: BRYAN FAIRBANKS
In 2020, Fairbanks became president and CEO of publicly traded composite decking and railing manufacturer Trex, one of Fortune’s 100 fastest-growing companies that year. For fiscal year 2022, benefiting from a pandemic-era increased demand in home improvement, Trex brought in more than $1.1 billion, expanding distribution in Texas and launching a new decking line. In […]
Manufacturing 2023: M. SCOTT CULBRETH
Culbreth began working for cabinets manufacturer American Woodmark in 2014 as chief financial officer and was named president and CEO in 2020. The company’s cabinet brands include American Woodmark, Shenandoah Cabinetry, Timberlake Cabinetry and Waypoint Living Spaces. In April, American Woodmark reported its net sales increased 11.3% year-over-year in fiscal 2023 to $2.06 billion. Last [&he[...]
Hokie-hatted host
You can “take the boy out of Winchester, but I don’t think you can take Winchester out of me,” says Brian Sullivan, the anchor of CNBC’s new evening business and financial news roundup show, “Last Call.” The one-hour show, which broadcasts from CNBC’s global headquarters in New Jersey on weeknights at 7 p.m. EST, premiered […]
Here to stay
Composite decking and railing manufacturer Trex Company Inc. has called the Winchester community home for more than 25 years, so when it came time for the company to construct a new global headquarters, Winchester was top of mind. “Trex was already based in the area, so they were familiar with the city and approached us […]
A time to build
The Shenandoah Valley Partnership had more economic development activity than “anyone anticipated in 2022,” says Jay Langston, the partnership’s executive director. During the calendar year, the partnership saw close to $140 million in investment and 520 jobs. In Fishersville, Amazon.com Inc. is building a $120 million, 1 million-square-foot nonsortable fulfillment center, which handle[...]
YHB chooses next CEO
Winchester-based accounting and consulting firm Yount, Hyde & Barbour Principal Tom Milburn will become the firm’s CEO on Oct. 1, succeeding CEO Scott Moulden. YHB announced Milburn’s election by its board on Tuesday. “As part of our new strategic plan, the YHB board recognized that there is value to identifying the next CEO ahead of the […]
State industrial fund awards $24.7M to projects
The governor announced more than $24.7 million in Industrial Revitalization Fund grants going to construction projects across Virginia on Tuesday, including Danville’s White Mill, South Boston’s John Randolph Hotel and other historic properties. “The transformation of older, vacant or blighted structures into productive, usable spaces is crucial to catalyzing economic growth to creat[...]
Fed’s Barkin asks, ‘What’s ‘normal’ anymore?’
The question Tom Barkin is asked the most these days is when the economy will return to normal. The president and CEO of the Federal Reserve Bank of Richmond has a caution for those who may be wishing for the perceived stability of the pre-pandemic economy. “After two-and-a-half years of instability, we’re all ready to […]
