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Hooker exits Georgia warehouse as part of consolidation effort
Martinsville-based Hooker Furnishings announced this week that it will end operations at its Savannah, Georgia, warehouse as part of a consolidation effort. “Our decision to exit our Savannah distribution facility was not taken lightly,” Hooker Furnishings CEO Jeremy Hoff said in a statement. “We deeply appreciate the hosp[...]
Energy Department extends contract for operator of Jefferson Lab
The Department of Energy announced Thursday that Secretary of Energy Chris Wright has approved a 12-month extension of the contract for Jefferson Science Associates to continue managing and operating the Jefferson Lab in Newport News. Jefferson Science Associates is a limited liability company created by the Southeastern Univers[...]
Judge orders a June trial for US government’s felony case against Boeing
A federal judge in Texas has set a June trial date for the U.S. government’s years-old conspiracy case against Arlington County-headquartered Boeing for misleading regulators about the 737 Max jetliner before two of the planes crashed, killing 346 people. U.S. District Judge Reed O’Connor did not explain in the sch[...]
Power outage at Virginia International Gateway leads to port backup
Power was out early morning Friday at the Virginia International Gateway, the privately owned Portsmouth container terminal leased by the Port of Virginia, leading to a several-hour halt in service while electricity was restored and the terminal’s systems were restarted. According to port spokesman Joe Harris, the outage o[...]
Developers break ground on $1.4B Petersburg casino
Baltimore-based The Cordish Cos. and Virginia Beach developer Bruce Smith Enterprise broke ground Wednesday on the much-anticipated $1.4 billion Live! Casino & Hotel Resort in Petersburg. The mixed-use development’s backers say it will create about 1,400 permanent jobs, increase tourism and generate billions in economi[...]
Hooker Furnishings adds showroom dedicated to international audience
Martinsville-based Hooker Furnishings is demonstrating its commitment to serving a worldwide audience with the debut of its dedicated International Buyer Showroom at the upcoming High Point Market in North Carolina that will run April 26-30. Set apart from its flagship showroom, the dedicated 5,000-square-foot space is located [...]
Huge data center campus planned for Charles City County
Kansas-based development company Diode Ventures is planning a massive data center campus in Charles City County, about 20 miles outside of Richmond, that is estimated to create 50 to 100 full-time jobs. The company has submitted an application to the county’s planning commission and board of supervisors to rezone five prop[...]
HII division awarded $182M Air Force contract
Huntington Ingalls Industries’ McLean-based Mission Technologies division was awarded a five-year, $182 million task order to provide logistics support for U.S. Air Force F-16 pilot training devices, HII announced Thursday. The contract involves HII and subcontractor Trident Military Systems performing engineering maintena[...]
Skanska completes offshore wind staging project at Port of Virginia
New York-based construction company Skanska announced Thursday that it has completed a $223 million redevelopment project for the Virginia Port Authority, upgrading 72 acres of Portsmouth Marine Terminal and 1,500 feet of wharf that now serves as an offshore wind staging port. Richmond-based Dominion Energy will use the terminal[...]
Blackstone completes Jersey Mike’s Subs acquisition
A spokesperson for Manasquan, New Jersey-based sandwich chain Jersey Mike’s Subs told NJBIZ that Blackstone completed its acquisition of a majority stake in the company Jan. 16. They added the terms of the deal remain unchanged from the private equity behemoth’s November 2024 announcement. Blackstone did not immediat[...]
Metal fabrication company expanding Virginia headquarters
Virginia Gov. Glenn Youngkin announced Tuesday that service disabled- and veteran-owned metal fabrication company TST Fab & Machine is investing $3 million to expand its existing Norfolk headquarters, with plans to create 56 jobs. Headquartered at 1060 W. 27th Street in Norfolk, the company fabricates sheet metal and manufac[...]
Defense optics manufacturer to open Virginia Beach facility
Vidarr, which makes night vision goggles and other defense optical equipment, will invest $2.69 million over the next three years to open a manufacturing facility in Virginia Beach, a project estimated to create 40 jobs, Gov. Glenn Youngkin announced Friday. The New Hampshire company’s manufacturing facility is moving into[...]
