CoStar Group, the Washington, D.C.-based commercial real estate analysis company, announced Monday it plans to build a 400,000-square-foot building in downtown Richmond, doubling its local workforce, as part of the proposed $1.5 billion Navy Hill development.
CoStar would double its number of employees to 2,000 in Richmond, where it already employs nearly 1,000 people, according to a press release from Navy Hill‘s developers and CoStar.
“The Navy Hill development delivers everything a company like CoStar is looking for — access to transit, entertainment, conferencing and new multifamily residential housing, all in a walkable and vibrant neighborhood,” CoStar Group founder and CEO Andrew Florance said in a statement. Without the Navy Hill project, he added, “we would not be talking about significantly expanding our commitment to the city of Richmond.”
If the CoStar project goes forward, the company would move its employees from its 501 S. 5th St. office to the Navy Hill building, Navy Hill spokesman Jeff Kelley said.
Backed by a public-private partnership led by Dominion Energy CEO Thomas F. Farrell II, the Navy Hill proposal — with its centerpiece $300 million, 17,500-seat arena to replace the now-closed Richmond Coliseum — would be the largest-ever economic development project in Richmond history if it’s approved by Richmond City Council next month. Along with the arena, the project would include 260,000 square feet of retail and restaurant space; a luxury hotel within walking distance of the Greater Richmond Convention Center; 1 million square feet of commercial and office space; more than 2,500 apartments; a $10 million renovation of the Blues Armory building; and a GRTC Transit System bus transfer station.
The Navy Hill project is estimated to take four to five years to complete and would create 9,300 permanent jobs and 12,500 construction jobs, according to Virginia Commonwealth University’s Center for Urban and Regional Analysis.
Richmond Mayor Levar Stoney has given the plans his full support since they were released to the public last August, while others in Richmond have voiced strong reservations, including some members of the City Council-appointed Navy Hill Development Advisory Commission. Its report released in December stated, “A majority of commissioners did not find the proposed, publicly financed $300 million arena a sound and reasonable public investment in the redevelopment of downtown.”
Under the proposal, the city would take out $350 million in nonrecourse bonds, which would be paid back via a special tax district that would divert future real-estate tax revenue from an 80-block area downtown. That plan, too, has drawn concern both from city residents and commissioners that it would reduce money available for city schools and services.
However, a new state bill would shrink the special tax zone to an area just slightly larger than Navy Hill’s 10-block area. The legislation filed by Del. Jeff Bourne, D-Richmond, would divert sales-tax revenue from the state for the next 30 years, paying back $600 million to the arena’s bondholders. NH District Corp. said it would pay $900 million for the first phase of construction.
“We have been listening to residents and are working hard to address their concerns by shrinking the size of the increment financing area, building more affordable housing units in the project area, and providing the city with more revenue, more quickly,” Farrell said in a statement Monday.
“I’ve always spoken about the transformational opportunity that the Navy Hill project embodies,” Stoney said in a statement. “This is further proof that our downtown redevelopment isn’t just about buildings. It’s about the economic empowerment of thousands of Richmonders.”
Stoney also announced Monday that the Better Housing Coalition has worked with the developers to identify areas for housing for residents who earn between 40% and 60% of Richmond’s annual median income, which was $83,200 in 2018, according to the U.S. Department of Housing and Urban Development. Also, Navy Hill developers and GRTC officials are studying two options for the location of the bus transit center.
Richmond City Council also has hired its own consultant to study and issue a report on the plan in early February, with a vote on the project expected later in the month.
The city of Norfolk and the Pamunkey Indian Tribe announced Monday that the tribe’s proposed $700 million casino along the Elizabeth River is moving closer to reality.
According to a tribe press release Monday, the Pamunkey and the city have signed two agreements: an option to purchase 13.4 acres of undeveloped city property adjacent to Harbor Park for more than $10 million, and a developmental agreement that will govern and regulate the resort.
Under the option-to-purchase agreement announced Monday, the tribe would have a term of three years to buy the land, with the option to extend the term twice for one year each; a full-value purchase price of $750,000 per acre based on a third party’s appraisal of the land; and a provision to allow the tribe the right to conduct commercial gaming before the land is purchased.
The development agreement requires that the tribe complete the project by a yet-to-be-determined deadline and pay for all transportation and infrastructure improvements, as well as construction of a trail around the resort.
“The signing of these agreements makes it official — we are partners with Norfolk to bring a world-class resort and casino to the region,” Chief Robert Gray said in a statement.
Jon Yarbrough, the billionaire founder of Tennessee’s Video Gaming Technologies who now runs a private investment firm, has partnered with the tribe to build the casino. He has a long history with the Native American gaming industry and purchased property in New Kent County in 2018.
Last September, Norfolk City Council voted to grant the city manager authority to execute the agreements, after the casino plan was announced in December 2018.
The Pamunkey Tribe has decided to pursue a commercial route for building the casino, Norfolk Mayor Kenny Alexander announced in December, instead of a federal tribal casino, which would have required approval from the U.S. Department of the Interior. The General Assembly is currently considering legislation to allow commercial casinos in Virginia.
The Pamunkey reservation is east of Richmond in King William County by the Pamunkey River, where 85 tribal members live. Gray said in a November 2019 interview with Virginia Business that he hopes to bring more members of the tribe back to Virginia and improve housing, infrastructure and educational options for them.
Norfolk is considered part of the tribe’s ancestral homelands, he said, “where we live, where we hunted, trapped, traded with other tribes.”
The casino met with some opposition from the Nansemond Tribe, which lives in Suffolk and Chesapeake, and voiced concern about preserving their own history and heritage in the region if the project went forward. Also, some city residents tried to overturn the 7-1 City Council vote with an anti-casino petition last fall, but the effort failed.
“I am pleased to announce that we have reached mutually agreeable terms with the Pamunkey Indian Tribe to pursue a resort project that will conform and comply with commercial gaming legislation being considered in Virginia,” Norfolk City Manager Larry “Chip” Filer said in a statement Monday.
He added that pending legislation in the General Assembly will determine the “size and scope of our resort casino project,” and Norfolk voters will vote on a gaming referendum in November. City staff also will report on the gaming market, Filer said in his statement.
Other casino projects have been proposed across the state, including a deal in Washington County between the Eastern Band of Cherokee Indians and developer Steve Johnson, and the Hard Rock Bristol Resort and Casino in the former Bristol Mall. Other possible locations include Richmond, Portsmouth and Danville.
Technology-based materials producer DuPont de Nemours Inc. will invest $75 million to expand and modernize its Kevlar manufacturing plant in Chesterfield County over the next several years, Gov. Ralph Northam announced Tuesday. The DuPont Spruance factory employs 2,000 people and will add 60 more jobs as a result of the expansion.
The plant, which opened in 1929, is the manufacturing company’s largest facility in the world, as well as one of the county’s main employers. It currently produces Kevlar, which is used in body armor; Nomex, an insulation material used for firefighters’ suits; and Tyvek, a material used in protecting homes and buildings from weather.
“The DuPont Spruance site has been proud to call Richmond its home for over 90 years,” David Johnson, the site manager, said in a statement. “Since 2015, we have invested more than $250 million to upgrade and improve our manufacturing assets that deliver essential innovations for our customers around the world.”
The company is eligible to receive sales and use tax exemptions on manufacturing equipment, as well as tax credits and benefits from the Port of Virginia and the state. The Virginia Economic Development Partnership worked with Chesterfield County and the port to secure the project, and Northam approved a $250,000 grant from the Commonwealth’s Opportunity Fund for the county, as well as a $1 million Virginia Investment Performance grant to encourage capital investment by existing companies in the state.
“Innovative companies like DuPont help to keep Virginia at the forefront of a rapidly evolving manufacturing industry,” Northam said in a statement.
For the first time since 1993, Democrats are in charge of Virginia’s legislative and executive branches. Back then, Gov. L. Douglas Wilder was serving the last year of his four-year term and Thomas Moss Jr. of Norfolk was the speaker of the House of Delegates.
Del. Eileen Filler-Corn, D-Fairfax, faces a totally different landscape as she begins her term as Virginia’s first female speaker of the House of Delegates this month. With more women than ever before serving as state legislators — as well as greater racial, ethnic and religious diversity in this year’s General Assembly — Filler-Corn, 55, says the statehouse finally reflects the commonwealth’s rapidly changing population.
Her party also has changed its ideological makeup, with more progressive lawmakers mixed in among moderate Democrats such as Gov. Ralph Northam.
Among the top issues for this session, which convenes Jan. 8 and is set to adjourn March 7, are universal background checks and other gun legislation, ratification of the Equal Rights Amendment, setting redistricting policy ahead of the 2020 U.S. Census and examining Virginia’s minimum wage and right-to-work laws.
First elected in a 2010 special election by a margin of just 37 votes, Filler-Corn worked as deputy director of the Virginia Liaison Office during the Warner and Kaine administrations and has served as director of government relations at Arlington-based lobbying and consulting firm Albers & Co. since 2007. She lives with her husband and two children in Fairfax County. Last year, she was chosen as the House of Delegates’ minority leader, becoming the first woman to lead a party caucus in Virginia’s history.
In November 2019, following the election that handed Democrats control of the General Assembly, she became the designated speaker, succeeding Republican Del. Kirk Cox.
Virginia Business spoke with Filler-Corn in early December about her goals for the 2020 General Assembly session.
Virginia Business:Why do you think this was the year that Virginia Democrats regained total control of state government after almost 30 years, allowing you to become the first female speaker of the House?
Eileen Filler-Corn: It’s been a long time, hasn’t it? I became the first female leader of either party last year. I think it’s very exciting on many fronts. It’s exciting because we have the most diverse caucuses we’ve ever had, the most diverse body we’ve ever had. It’s about time that [legislators] actually reflect the commonwealth and that we look like the commonwealth. That means all kinds of diversity.
I think we made tremendous strides in 2017 when we elected what was then our most diverse class ever — talk about capable and confident, impressive, diverse in thought and in issues and experiences as well! Also, diversity as it relates to background, race and gender. I’m excited … we made such strides [in 2017].
After the [last] session, it became clear that wasn’t sufficient. We championed so many issues that were so important to us, and we were unable to move forward. We worked hard and recruited some fabulous candidates and won the elections. I think Virginians spoke loud and clear.
VB:The Democratic Party has changed a lot, both here and nationwide, since 1993. Some Dems are progressive, while others are moderates. How do you plan to reconcile these different points of view?
Filler-Corn: I think what makes us able to succeed … is our diversity. We look at diversity as a benefit, and it makes us stronger. Will it be more challenging because we have the diversity of views? Perhaps, but that’s the democratic process.
When we talk about issues and what’s most important to us, as you saw this past session, we’re not afraid to stand up for equality and equity and treating everybody with respect, regardless of the color of their skin, the language they speak, who they love, where they come from and the religion they practice. That’s important to us, and you will find that’s important to the entire Democratic caucus.
Look at the environment. Talk about something that we hear every single day. What could be more important than clean water or clean air? I think the voters spoke loud in here. They want their elected officials to do something about that.
Before she became Virginia’s first female speaker of the House, Filler-Corn was the first woman in the commonwealth’s history to lead a party caucus. Photos by Caroline Martin
VB:What do you consider your primary role as speaker? How does that differ from being minority leader?
Filler-Corn: I think my focus as [House Democratic Caucus] leader was to bring everybody together, make sure that our members felt heard, make sure they were part of the process and that we were able to highlight and elevate each of them because they have such a diversity of experiences and expertise. As speaker, there’s that role as well, but [there’s] also my ability to bring people together and make sure that we are able to do good for Virginians throughout the commonwealth.
VB:What are your feelings about making compromises with those across the aisle and with members from different districts?
Filler-Corn: That’s what I said this entire campaign: We will be bold, we will move forward and make a difference in the lives of Virginians based on the issues that we know are important. Compromise and working with everybody are always part of the equation.
VB:What are the top three issues for you during the session?
Filler-Corn: One of our first bills announced really focuses on the LGBTQ community and housing discrimination. When I speak with chambers [of commerce], when I speak with businesses, when I speak with CEOs, I hear from them [that] they’re coming to Virginia for so many great reasons, but they’re not going to come to Virginia unless we’re open and welcoming and treating everybody with respect.
Another issue that’s very important to us … is to increase [the] opportunity for people to exercise their opportunity to vote. There’s nothing more important than that. That is the basis of our democracy, something that we as a caucus have been championing for a long, long time.
Gun violence prevention is an issue that’s obviously near and dear to our heart … with the … recent tragedy here in Virginia Beach. We had an opportunity for a special session the governor called [in July]. We introduced eight bills, common-sense gun violence prevention bills. Unfortunately, the Republicans adjourned after 90 minutes of gaveling in, without debating, discussing or voting on any of those bills.
VB:Do you think that was a factor in Republicans losing control of the House and Senate?
Filler-Corn: I do. I absolutely do. All of us as elected officials at every level and both sides of the aisle — I would like to believe we’re in this business because we want to make a difference. We want to improve the lives of Virginians. Not only do we have an opportunity to improve Virginians’ lives, [but] we had an opportunity to save Virginians’ lives.
VB:What do you think about the “Second Amendment sanctuary” [resolutions] being implemented by many rural Virginia local governments, vowing they will defy new gun legislation?
Filler-Corn: No. 1, nobody knows what bills we’re introducing beyond the three that we’ve introduced [as of early December]. People really need to wait and see our bills and our legislation. You can get a sense just from looking at the bills we introduced during the special session on gun violence prevention. The Supreme Court has already upheld all these bills, so they will be constitutional and there are no sanctuary cities in Virginia.
VB:It’s speculated that the new Democrat majority might consider revising Virginia’s right-to-work legislation. How important do you think unions are, and what role do you think they should have in Virginia?
Filler-Corn: Unions are important and definitely have an important role in the commonwealth of Virginia. When I’m out there talking with Virginians, I pride myself on the fact that we are No. 1 for business [as designated by CNBC’s Top States for Business report last July]. That is an important distinction and something that we have worked very hard for and are lucky to maintain.
Having said that, as I travel around and talk with Virginians, I also hear [that] when it comes to workers, we’re at the bottom. I’ve said this before and believe strongly we must do better. [Editor’s note: The anti-poverty organization Oxfam America listed Virginia as the lowest ranking state for workers’ rights in a September 2019 report.]
I know there’s a lot of support for raising the minimum wage. There is a workers’ compensation bill, removing the local prohibition for collective bargaining, and there are bills focused on [project labor agreements]. There are lots of bills that will truly … raise the middle class and improve the lives of workers. That is what we need to focus on.
I took a lot of opportunities to sit down with business leaders or CEOs and with chambers and discussed these issues. Nine times out of 10 in going over each and every one of these issues, there was a lot of consensus.
VB:Will the assembly raise Virginia’s minimum wage this session?
Filler-Corn: We are definitely discussing and meeting with a lot of business leaders, small business leaders, labor unions [and] individual workers about this so we can come up with the best bill. I think what you’ll see is we’re not introducing bills until they are primed and ready. We are in the process of working out the specifics. There is a lot of support for that, and we’ll definitely be making progress and moving forward.
VB:Is $15 an hour the goal for everybody across the state, or should it differ depending on the regional cost of living?
Filler-Corn: We are definitely taking all that into consideration. A lot of thought needs to go into that, absolutely.
VB:The General Assembly will also be taking on congressional and state legislative redistricting this year. Should an independent commission oversee this process?
Filler-Corn: Wearing my hat as Democratic leader, we’ve been working on that for quite some time and introduced countless bills focused on that. Last year we came out with a bipartisan compromise, which was honestly the most progressive compromise focused on redistricting we were able to get through ever, but it was not independent.
There’s strong support for moving forward with something, and I think we’ve had time now in the past year to really look at the constitutional amendment, and we need to figure out some of the concerns from some of our members who could not support that.
We need to discuss criteria legislation, who is going to make up that commission and make sure that we have minority representation, which has not been clear yet.
VB:What is your position on the proposal to allow casinos in Virginia?
Filler-Corn: Hundreds of thousands in taxes would be a tremendous amount of money just in the commonwealth as a whole, but certainly in certain regions that have not had an influx of money to spend on education or infrastructure.
You have to weigh and balance that with the potential for some challenges that we’ve seen sometimes occur in other states with regard to gambling. I think it’s a balancing act, definitely something that needed to be studied. We need to review the JLARC study [on gaming released in November] and discuss it with our members.
VB:Gov. Northam’s governorship was in jeopardy after the blackface scandal and now, less than a year later, his party has control. What role do you think that he plays now?
Filler-Corn: There’s a lot more we can do with regard to racial reconciliation and education. The governor agrees and has gone out and really tried to focus on this issue and make a difference and figure out how can we best educate all of Virginia, and what can we do as far as racial reconciliation and … just equality and equity for all.
He has come up with several different ideas … some in the form of a bill, and some would be commissions and boards and working groups. We as a caucus welcome the opportunity to better educate ourselves and to figure out how can we move forward.
VB:Dominion Energy has had one of the strongest lobbying presences in the General Assembly in recent years. But in September, the Democratic Party of Virginia announced it would no longer accept contributions from Dominion, a position also taken by several Democratic state legislators and Attorney General Mark Herring. How much influence do you think Dominion will have in the new Democratic-controlled Assembly?
Filler-Corn: I think the bottom line is we were all elected to serve and represent 80,000 people [in each district], and [the question] really [is] disingenuous. I would say we vote based on our constituents and based on what we feel is the right thing to do.
To say that any one of us — as elected officials [who] might accept money from another individual, a company or corporation — [is] influenced in any way is not accurate, and also minimizes our integrity and our ability to gather information and synthesize the information and vote according to our conscience and what’s right for our constituents. [Editor’s note: Dominion Energy contributed $15,000 to Filler-Corn between 2010 and 2018, according to the Virginia Public Access Project. Her top contributor, Washington, D.C.-based corporate governance attorney and noted Democratic donor Ronald D. Abramson, donated nearly $150,000 to her between 2011 and 2019.]
VB:Passing the Equal Rights Amendment is a big focus for Democrats this session. If Virginia ratifies the amendment, what would be its impact?
Filler-Corn: I would say it’s definitely a top priority. It has been for us for a long time. I think you saw how important it was throughout the commonwealth, honestly the entire country. It’s hard to think that it’s taken this long to get women in the Constitution. When I speak of diversity, how important it is, there’s gender diversity as well, as I mentioned. To many of us, we were actually shocked, saddened and dismayed that it didn’t go anywhere this past session. We’re talking about gender equality, equal pay for equal work. We’re excited about that. All of America will be watching.
Verizon announced Monday that its 5G Ultra Wideband mobility service is now active in Hampton Roads. The service is available in 31 cities across the country and works on seven mobile phone models.
The fifth-generation cellular network covers several parts of the region, including Virginia Beach Oceanfront, downtown Norfolk, Newport News, Old Dominion University, Hampton and Chesapeake. It’s also available near landmarks such as the boardwalk, Hilltop Shopping Center, The Scope, S.B. Ballard Stadium, Crossways Shopping Center, Peninsula Town Center and Hampton Coliseum.
“It’s exciting to see 5G launch in the 757, and the race is on to expand it across Virginia,” Gov. Ralph Northam said in a statement. “This technology will propel the industries that drive coastal Virginia — the military, advanced manufacturing, logistics, higher education, health care, tourism and more. We can’t wait to see new opportunities unfold for workers and innovators.”
The Washington, D.C., region already has 5G access, including around the Reagan National Airport and Crystal City, but Hampton Roads is the first larger region solely in Virginia to receive 5G. Verizon also announced Monday that its mobility service is now live in Cleveland and Columbus, Ohio.
The state and Jacksonville, Florida-based CSX Corp. announced Thursday they would invest $3.7 billion in improving train service between Richmond and Washington, D.C., including building a new bridge across the Potomac River dedicated to passenger and commuter rail.
The improvements are set to start in the second half of 2020 and be phased in over the next 10 years, Gov. Ralph Northam’s office said in a statement. The agreement will double the number of Amtrak trains in Virginia and provide nearly hourly service between the state’s and the nation’s capitals.
Virginia would own the new Long Bridge across the river, which would parallel the current Long Bridge, built in 1904 and owned by CSX. That bridge, with only two tracks, carries all trains from Northern Virginia to Washington’s Union Station. With the addition of the new bridge for passenger trains, the old one would just carry freight trains, the statement says.
The agreement also includes the purchase of more than 350 miles of railroad right-of-way and 225 miles of track, plus 37 miles of track improvements, including a Franconia-Springfield bypass. CSX and the state expect to finalize details in coming months.
Also, the plans call for increased Virginia Railway Express service by 75% along the Interstate 95 corridor and more Amtrak service to Newport News. Ultimately, there could be future east-west passenger service along an existing freight corridor between Doswell and Clifton Forge, as well as a foundation for Southeast High Speed Rail with the purchase of the abandoned S-Line, which runs from Petersburg into North Carolina.
“We have a once-in-a-generation opportunity to make our rail system work better for everyone, both in Virginia and along the entire East Coast,” Northam said in a statement. “This agreement will change the future of transportation in Virginia, improving our ability to move people and goods across the state, and opening up potential rail service in underserved parts of the commonwealth.”
In fiscal year 2018, Amtrak operated about 25 trains daily in Virginia, with five routes running between Richmond and Washington. According to Amtrak’s FY18 report on Virginia’s rail service, on-time performance (meaning the train arrives within 15 minutes of the scheduled arrival time) ranged from 85.6% to 37.6% on those routes.
The state anticipates that the rail improvements could take 5 million cars and 1 million trucks off Virginia highways each year and help the Port of Virginia move toward its goal of delivering 40% of containers by rail, according to the statement.
“VRE already moves the equivalent of one lane of traffic off I-95 and I-395 each day,” said Jennifer Mitchell, director of Virginia’s Department of Rail and Public Transportation, in a statement. “This agreement will allow Virginia to move double the number of people at a fraction of the cost.”
Amtrak’s Board of Directors approved a Memorandum of Understanding with Virginia that outlines its commitment to the improvements, the governor’s office said Thursday.
A 55-acre deep-water terminal in Chesapeake has been sold to Norfolk-based Ruth Industrial LLC for $8.15 million, Cushman & Wakefield | Thalhimer announced this week.
The property at 700 Rosemont Ave. includes about 60,000 square feet of industrial space and a 400-foot concrete pier. The seller is OEP Rosemont LLC, based in Atlanta, which bought the terminal from HG Receiver LLC in March 2017 for $7 million.
Bobby Phillips and William Throne of Cushman & Wakefield | Thalhimer represented the seller.
Telly Tucker, director of economic development in Danville, is leaving next month to lead Arlington County’s economic development department, the city of Danville announced Thursday.
“It was a tremendous opportunity,” Tucker said Thursday in a phone interview. “My heart will always be in Danville for the opportunity they gave me. It’s bittersweet in a sense, because I’ll miss the relationships I’ve built in Danville, but I’m very much looking forward to working in Arlington.”
In January, Tucker will replace Alex Iams, the current acting head of Arlington Economic Development, who is moving to the Fairfax County Economic Development Authority as its new executive vice president. Victor Hoskins, his predecessor, departed Arlington to head FCEDA in July.
“Mr. Tucker brings a wealth of experience in economic development across a diverse of communities throughout the commonwealth,” Arlington County Manager Mark Schwartz said in a statement. “I am thrilled that he will be bringing his talents to Arlington County at an important time in our history, and I look forward to working together to continue to strengthen our community and regional collaboration.”
Danville has not yet named an interim director to replace Tucker, who leaves his post Jan. 10 and starts Jan. 13 in Arlington. City Manager Ken Larking said in his announcement that he would conduct a comprehensive search using a process similar to the hiring of recent department directors.
Tucker has served as Danville’s economic development chief since July 2014, and the city gained 1,645 jobs and more than $448 million in capital investment under his tenure, according to Larking’s announcement.
Tucker doesn’t think landing Arlington’s top economic development post comes down to just one factor, but he does believe his experience in regional collaboration helped. Over the past five years, Tucker has built relationships with Pittsylvania County, regional economic development groups, the Danville school system and local colleges.
Ten of the projects he oversaw were regional partnerships with Pittsylvania, and he also collaborated with Danville Community College, the Virginia Economic Development Partnership and other organizations to bring in new and expanded businesses, including Morgan Olson LLC, which is set to replace Ikea next year, creating 703 manufacturing jobs.
“Those things, I think, resonate [in Arlington],” where he expects to work closely with economic development counterparts in Fairfax and Prince William counties and Alexandria, as well as with major businesses, including Amazon.com Inc., which is building its $2.5 billion East Coast HQ2 headquarters in Crystal City, and Nestlé USA, which is headquartered in Rosslyn. Tucker also looks forward to collaborating with Virginia Tech, which is building its $1 billion Innovation Campus near Amazon’s HQ2.
Before coming to Danville, Tucker, who started out working as a public school teacher, served as assistant director of economic development for James City County. He also worked as enterprise zone program administrator for the Virginia Department of Housing & Community Development and as an economic development specialist in Lynchburg, where he grew up. A James Madison University graduate, Tucker is also an accomplished pianist who has performed worldwide and played for then-President Bill Clinton and First Lady Hillary Clinton while studying music at Morgan State University.
Wegmans Food Markets plans to build a $175 million regional distribution center in Hanover County, creating 700 jobs, Gov. Ralph Northam announced Wednesday.
The campus, which will be located along Sliding Hill and Ashcake Roads off Interstate 95 in Ashland, will expand the grocer’s distribution network on the East Coast. Operations will start in 2022 and be fully operational by the end of the year with 600 employees, a Wegmans spokeswoman said. The center will be fully staffed at 700 by 2026, they anticipate. In recent years, the Rochester, New York-based supermarket chain has expanded its footprint in Virginia. It has 101 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, Massachusetts and North Carolina.
The Virginia Economic Development Partnership worked with Hanover County and the Greater Richmond Partnership to secure the project, for which Virginia competed against North Carolina. Northam approved a $2.35 million Commonwealth’s Opportunity Fund grant, and Wegmans is eligible to receive a tax credit for the full-time jobs it creates.
“This site has the right combination of everything we were looking for in terms of proximity to our stores and workforce, and is located in a commonwealth that we have partnered with for many years,” Wegmans President and CEO Colleen Wegman said in a statement. “Once it’s up and running, this facility will allow us to deliver products to our southern-most stores with increased speed and freshness, and will help support our growth well into the future.”
Tysons-based Old Dominion National Bank announced three new members of its board of directors Wednesday.
The new board members include Jim Abdo, president and CEO of Abdo Development, a Washington, D.C.-headquartered development company that specializes in adaptive re-use of urban properties in the capital region; Jennifer Bognet, executive vice president of Bognet Construction, an interior construction firm based in Vienna; and Mindi McClure, the bank’s executive vice president and chief strategy officer, who joined Old Dominion in August as part of its partnership with VisionBank. McClure was previously chairman and CEO of VisionBank and was a founding director of the Bank of Georgetown.
Old Dominion National Bank has more than $400 million in assets, with three full-service branches in the Charlottesville area and another in Tysons.
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