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A jackpot for Danville?
The now-blighted property that was Dan River Mills when textile was king in the city of Danville will soon morph into the gleaming, $400 million Caesars Virginia casino and resort. At one time, the 80-acre site in the Schoolfield neighborhood was the world’s largest single-unit textile manufacturing site. Now abandoned, the un[...]
Chambers of commerce
STATEWIDE Asian American Chamber of Commerce Tysons (571) 633-9754 asian-americanchamber.org Virginia Asian Chamber of Commerce Richmond (804) 344-1540 aabac.org Virginia Chamber of Commerce Richmond (804) 644-1607 vachamber.com Virginia Hispanic Chamber North Chesterfield (804) 378-4099 vahcc.com CENTRAL VIRGINIA Altavista Area Chamber of Commerce Altavista (434) 369-6665 altavistachamber.com Amelia C[...]
Regional reboot
Public and private investments are boosting the economy in Southwest Virginia, bringing in a diversified group of new companies, from indoor salmon farming to medical information technology firms — as well as a long-awaited casino. Addressing the region’s steady decline in the coal industry, officials in the Southwestern reg[...]
Better times ahead
Catrina Mullins can picture the scene: A stage, musicians and a grassy lawn. People leaning back in chairs or sitting cross-legged on blankets on the ground, tapping their toes to familiar tunes. Others open windows to listen to the sound from their hotel rooms, which look out onto the lawn. This is what an outdoor […]
Payout on a dream
“Get it done!” Those three words sent Jason Eige and Martin Kent on a mission to bring a casino to Bristol Mall before commercial gaming resorts were even legal in Virginia. Eige, general counsel for The United Co., and Kent, the oil and gas company’s president and chief operating officer, vividly remember the day th[...]
Seeing green
You can almost see the dollar signs flashing as John Vithoulkas talks about the revenue that he hopes will flow to Henrico County from the $2.3 billion GreenCity development, anchored by a 17,000-seat, $250 million arena. “Once it’s running and out of the ground, fully built, it will be producing revenues greater than our to[...]
‘Miles of files’
After 16 years in the making, the $135 million FBI Central Records Complex opened in Frederick County in August 2020. The 225,000-square-foot facility off Millwood Pike (U.S. 50) is designed to archive billions of pages of FBI records — some dating back to the bureau’s earliest days — from its 56 field offices and other [&[...]
Growth and development
Despite dealing with the economic consequences of the COVID-19 pandemic, Southern Virginia is celebrating the development of a resort casino, new investments in the area and several company expansions. The pandemic has presented localities in the region like Danville with a number of challenges they haven’t seen before, but th[...]
Life preservers
With small businesses struggling to tread water during the early, unpredictable days of the pandemic, the U.S. Small Business Administration in early April 2020 launched the initial $349 billion Paycheck Protection Program (PPP) relief fund to provide forgivable loans to help businesses stay afloat. Eligible businesses could use[...]
Bigger boxes
Online retailing giant Amazon.com Inc. continues to expand its footprint in Virginia, bringing 1,500 jobs total to Suffolk and Chesapeake with the construction of operations facilities in those cities. Located less than two miles apart, both facilities are slated to open this year. In Suffolk, Amazon is building a $230 mill[...]
A slow climb back
After the pandemic hit in mid-March 2020, many industries hit pause on big decisions. But it didn’t take long for Virginia’s economic development departments to perk back up. In May 2020, Microsoft Corp. announced it would expand its presence in Reston Town Center by launching a software development and research hub, creatin[...]
Unfinished business
In March 1986, the first issue of Virginia Business magazine off the press was gently wrapped in a baby blanket, cradled in a basket and delivered to its then-owners at the Media General building in Richmond. “We all felt like we had given birth,” recalls Lisa Antonelli Bacon, one of Virginia Business’ first staff writers.[...]
