Sign In
Free Newsletter
FOR THE RECORD NOVEMBER 2022
CENTRAL VIRGINIA Richmond Community Hospital — owned by Bon Secours Mercy Health — has the highest profit margins of any hospital in Virginia, generating as much as $100 million a year. The secret to its success lies with a federal program that allows clinics in impoverished neighborhoods to buy prescription drugs at steep discounts, charge […]
For The Record: October 2022
CENTRAL VIRGINIA Fortune 500 used car online retailer Carvana Co. is more than halfway to its 400-employee hiring goal for its $25 million, 191,000-square-foot Chesterfield County inspection center, General Manager Robert Sheets said in August at the center’s ribbon cutting. Carvana has hired 240 employees and expects to reach 400 workers when it begins full […]
September 2022 For The Record
CENTRAL Goochland County supervisors gave their unanimous stamp of approval to a proposed 650,000-square-foot e-commerce fulfillment center in August, clearing the way for what promises to be one of the most significant economic development projects in the county’s history. While board members were aligned in support of the $500 million project — noting, among other […]
FOR THE RECORD AUGUST 2022
CENTRAL VIRGINIA In early July, the U.S. Food and Drug Administration put a hold on its order banning Juul Labs Inc. from selling e-cigarettes on the U.S. market, saying it would conduct an additional review of the company’s marketing application. Juul is partly owned by Henrico County-based Altria Group Inc. The Fortune 500 tobacco products […]
FOR THE RECORD JUNE 2022
CENTRAL Richmond-based Dominion Energy Inc. asked the State Corporation Commission for permission in early May to increase Virginia residential customer bills by about $9 a month to account for rising fuel prices. According to federal data, Virginia already has high electric bills. Dominion cited dramatic increases in fuel prices stemming from the pandemic, inflation and […]
For the Record May 2022
CENTRAL Henrico County-based Altria Group Inc., parent company of tobacco company Philip Morris USA, has agreed to buy power from a wind energy development in Texas. Altria says the purchase is aimed at offsetting emissions from electricity demand at all of Altria’s U.S. operations. Announced in April, the deal is Altria’s first virtual power purchase […]
FOR THE RECORD
CENTRAL VIRGINIA AutoZone Inc. plans to build a $185.2 million warehouse and distribution center in New Kent County, creating 352 jobs, Gov. Glenn Youngkin announced in February. The 800,000-square-foot facility will serve as the auto parts company’s East Coast distribution operation. Based in Memphis, Tennessee, AutoZone has more than 6,000 stores nationwide and reported $14.6 […]
February For The Record
Southwest Virginia In December 2021, public-private campaign InvestSWVA announced the launch of an economic development initiative designed to help Southwest Virginia manufacturers find entry points in the supply chain for wind energy equipment components. The initiative, called Project Veer, will connect Southwest Virginia manufacturers with industry experts, public sector partners, the Hampton Roads Alliance, Dominion […][...]
FOR THE RECORD January 2022
Southwest Virginia The $12.5 million Abingdon Sports Complex is 80% complete, town officials said during the Dec. 7, 2021, Abingdon Town Council meeting. The complex has been in the works for seven years, and its grand opening is slated for mid-April. It’s set to host 30 weeks of weekend tournaments for softball and baseball, but […]
For the Record December 2021
Roanoke / New River Valley The latest in a series of rate increases by Appalachian Power Co. will add $3 to the monthly bill of an average residential account. Beginning in November, Appalachian was allowed to raise its bills — on an interim basis — to pay for the higher cost of coal and natural […]
FOR THE RECORD November 2021
Roanoke/ New River Valley One of the largest rooftop solar energy projects in the Roanoke region is now operating at Goodwill Industries of the Valleys. In mid-October, the nonprofit installed solar panels at its Support Center/Jobs Campus building on Melrose Avenue. About 90% of the building’s electricity will be generated by renewable energy, reducing annual […]
FOR THE RECORD October 2021
EASTERN VIRGINIA Newport News-based defense contractor Aery Aviation LLC will add 211 jobs with the $15.3 million expansion of its headquarters, Gov. Ralph Northam announced Sept. 14. The aviation company will build a 60,000 square-foot hangar with access to the Newport News/Williamsburg International Airport runway and an engineering technology center to provide maintenance and modification […][...]
