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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 […][...]
September For the Record
Roanoke/New River Valley Apex Clean Energy is appealing a decision that it ran out of time for its Rocky Forge Wind project in Botetourt County, a proposed complex of 14 mountaintop wind turbines atop North Mountain that would stand about twice as tall as the Wells Fargo tower in downtown Roanoke. Apex informed the county […]
AUGUST 2021 FOR THE RECORD
Roanoke/New River Valley Three off-campus housing complexes in Blacksburg geared toward Virginia Tech students were sold for $146 million in a deal announced by Berkadia in late June. The buyer, California-based Reliant Group, added the portfolio to its earlier purchase of another student housing property near Virginia Tech. A Reliant Group-connected LLC purchased Hunters Ridge, […]
June For The Record
Roanoke/ New River Valley In late April, Salem-based LewisGale Regional Health System broke ground for a new freestanding emergency room in Roanoke. Located on West Ruritan Road, the nearly 10,000-square-foot facility will be named LewisGale Medical Center Blue Hills ER and staffed with board-certified emergency room physicians and nurses. It is expected to open in […]
For The Record May 2021
Roanoke/New River Valley A proposal under consideration by the U.S. Office of Management and Budget could redefine Blacksburg and the New River Valley area from a federal metropolitan statistical area to a micropolitan statistical area. Blacksburg is one of 144 localities nationwide that could be impacted by the potential change that would raise the population […]
April For The Record
Roanoke/New River Valley Strasburg-based First National Corp. (the bank holding company of First Bank) announced in February it will acquire The Bank of Fincastle. Financial terms of the transaction were not released, but the combined bank is expected to have approximately $1.2 billion in assets, $868 million in loans, $1 billio[...]
FOR THE RECORD February 2021
Central Virginia Stockholders of CarLotz Inc., the Chesterfield County-based consignment dealer of used cars, gave the requisite approval to complete a proposed merger with Miami-based special purpose acquisition company Acamar Partners Acquisition Corp. that was scheduled to close in late January. Upon the consummation of the merger, CarLotz, which is valued at $827 million, is […]
For the Record January 2021
Roanoke/New River Valley “Dopesick,” an eight-episode limited Hulu series, will film in Central Virginia, the Shenandoah Valley and the Roanoke region through the spring, Gov. Ralph Northam announced in November 2020. Based on the bestselling nonfiction book “Dopesick: Dealers, Doctors, and the Drug Company that Addicted America,” by Roanoke journalist Beth Macy, the series will […]
