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Youngkin

Mar 28, 2024

Youngkin vetoes cannabis, minimum wage legislation

Virginia Gov. Glenn Youngkin vetoed legislation Thursday that would have put Virginia on the path to a $15 per hour minimum wage and set up a retail cannabis market, killing bills that were important to Democratic state legislators he blamed for torpedoing the $2 billion Alexandria sports arena deal he’d championed. Amid a deepening partisan […]

Mar 14, 2024

Food storage company to invest $77.5M in Suffolk facility

New Jersey-based cold and dry storage services provider FreezPak Logistics will invest $77.5 million to build a Suffolk facility, a project expected to create 80 jobs, Gov. Glenn Youngkin announced Thursday. FreezPak will build a 245,000-square-foot cold storage facility in Suffolk to serve the mid-Atlantic region. The 80 new jobs will be in warehouse operations […]

Feb 28, 2024

Southwest Va. Big Deal: Land ho!

The largest business deal announced during the past year in Southwest Virginia is an agreement between Dallas-based Fortune 100 natural gas and propane pipeline transport company Energy Transfer, Virginia’s nonprofit Energy DELTA Lab and Wise County to develop energy infrastructure in the region. Under the agreement, the partners will work with energy companies and electric […]

Feb 28, 2024

Education: Getting their money’s worth

The past year brought more big donations to Virginia’s universities, as well as the installation of a few new presidents, while students and families remained focused on finances and return on investment. In Virginia Business’ August 2023 cover story, “Money machine,” the magazine examined the soaring costs of a four-year degree over the past decades, […]

A rendering of WCS Logistics' second Frederick County facility, announced in February 2024. Image courtesy WCS Logistics
Feb 20, 2024

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 […]

Dec 31, 2023

Wizards, Capitals plan Alexandria move in $2B deal

The Washington Capitals and Washington Wizards are planning a move to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced Dec. 13, 2023. The nonbinding agreement to build a new arena for the Capitals and Wizards is […]

Dec 31, 2023

Back in the saddle again

The political version of musical chairs — aka the 2024 General Assembly session — begins again in Richmond this month, as legislative control shifts once again to Democrats, who won majorities in the House of Delegates and the state Senate in the November 2023 elections. Nevertheless, a 6-foot-5-inch Republican roadblock stands in the way of […]

Virginia Gov. Glenn Youngkin and U.S. Sens. Mark Warner and Tim Kaine attended a Dec. 7, 2023, event announcing $729 million in federal transportation funding for projects including completing the new Long Bridge across the Potomac River. Photo courtesy Office of U.S. Sen. Tim Kaine.
Dec 7, 2023

$729M federal transportation package will finish Long Bridge expansion

The most significant rail choke point on the East Coast will be fixed as part of a $729 million federal funding package for transportation projects in Northern Virginia and Washington, D.C., U.S. Sens. Mark Warner and Tim Kaine and Virginia Gov. Glenn Youngkin announced Thursday at an event in Arlington County also attended by a […]

Northrop Grumman's corporate headquarters building in Falls Church. Photo courtesy Northrop Grumman
Nov 14, 2023

Northrop Grumman to establish $200M Waynesboro facility

Falls Church-based Fortune 500 defense contractor Northrop Grumman will invest more than $200 million to establish an advanced electronics manufacturing and testing facility in Waynesboro, creating an estimated 300 jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. “Northrop Grumman’s expanding Virginia footprint sends a powerful message that the commonwealth is a ma[...]

Oct 30, 2023

Distinguished visitors

Event planners and hospitality industry experts worldwide will converge upon Richmond to grow their professional networks, discuss the latest developments in the tourism sector and celebrate travel in Virginia during the 2023 VA1 Governor’s Tourism Summit. Taking place Nov. 12-14 at the Greater Richmond Convention Center, the event will offer workshops and classes focusing on […]

Oct 24, 2023

Third-party logistics company to expand in Pulaski County

Wytheville-based third-party logistics company Camrett Logistics will invest more than $2 million to expand in Pulaski County, creating an estimated 58 jobs, Gov. Glenn Youngkin announced Tuesday. Camrett Logistics’ investment in its Dublin facility will include construction, renovating existing space and buying new forklifts and electric trucks. “Homegrown Virginia businesses like Camrett[...]

Oct 10, 2023

Envelope maker to expand in Bedford County

Forest-based Parkland Direct, a lithographic print and custom envelope manufacturer, will invest $10 million to expand in Bedford County, creating 41 jobs, Gov. Glenn Youngkin announced Tuesday. The company will add 50,000 square feet to its current 60,000-square-foot facility to increase production capacity with the addition of two converters and press machines. The family-owned business [&hellip[...]

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