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Economic Development

Nov 30, 2024

Aiming for the fences

When renters tour the new Novel apartment building in Richmond’s Scott’s Addition neighborhood, one fifth-floor vantage point has particular appeal. The windows on the building’s east side look across Arthur Ashe Boulevard onto the site where the Richmond Flying Squirrels’ new baseball stadium, CarMax Park, is expected t[...]

An aerial view of Super Radiator Coils' Chesterfield County facility. Photo courtesy Super Radiator Coils
Nov 15, 2024

Specialty coils manufacturer to expand in Chesterfield

Super Radiator Coils, an engineering and manufacturing company based in Minnesota, will invest $22 million to expand in Chesterfield County, creating an estimated 160 jobs, Gov. Glenn Youngkin’s office announced Friday. The company will upgrade machinery and add about 80,000 square feet to its existing approximately 160,000-sq[...]

Hard Rock executives and partners participate in the company's "guitar smash" during the grand opening of the permanent Hard Rock Hotel & Casino Bristol on Nov. 14. Photo courtesy Hard Rock
Nov 14, 2024

Permanent Hard Rock Bristol casino opens

The bright lights of Bristol shine considerably brighter now following the opening of Virginia’s second full-fledged casino. Thursday heralded the grand opening of the $515 million-plus Hard Rock Hotel & Casino Bristol, Virginia’s first hotel/casino combo. Symphonies of sounds, from music to slot machines, indicated the [...]

Several electronic products
Nov 1, 2024

Avionics manufacturer will invest $5M on Reston office and R&D facility

CMC Electronics, a Montreal-based avionics manufacturer, will invest $5 million to establish an office and research and development facility in Reston, Gov. Glenn Youngkin announced Friday. Initially, the project will create 89 jobs, with more positions expected as operations increase, according to the governor’s office. “Th[...]

Oct 31, 2024

All in good time

For decades, the promise of economic revitalization has tantalized Southwest Virginia. The sparsely populated region, once home to booming coal mining and tobacco industries, has had money and resources thrown at it by local, state and federal governments, but it’s still had a difficult time finding its footing. As the region�[...]

Oct 31, 2024

Virginia is for HQs

When CoStar Group was searching for its new headquarters in 2022, Central Place Tower at 1201 Wilson Blvd. in Arlington County, with its impressive accompanying bird’s-eye views, captured the company’s attention.  Located about a quarter mile from the Potomac River, the gleaming, 391-foot-tall Class A office building fe[...]

Oct 30, 2024

Powhatan approves $2.7B data center campus

Powhatan County has approved an estimated $2.7 billion data center campus on 119.9 acres partly bordering Chesterfield County. The county’s board of supervisors voted 3-2 during its Oct. 28 meeting for a rezoning and a conditional use permit allowing the proposed development to move forward. The developer, Newport Beach, Calif[...]

Oct 11, 2024

Marble Systems to build facility in Caroline County

A Fairfax County-based stone products manufacturer and distributor, Marble Systems, will invest $9.7 million on a warehouse and distribution center in Caroline County, creating an estimated 59 jobs, Gov. Glenn Youngkin announced Friday. Virginia competed with South Carolina, New Jersey and Georgia for the project, which will also include cut stone and stone product manufacturing […]

Oct 11, 2024

Currie Medical to expand in Norfolk

Currie Medical, a medical device manufacturer, plans to invest $1.22 million to expand its operations in Norfolk, creating an estimated 60 jobs, the governor’s office announced Friday. Based in Franklin, Tennessee, Currie Medical will lease a 30,000-square-foot building at 3701 E. Virginia Beach Blvd. in Norfolk, where it will house its medical device reprocessing operation […]

Rendering of the permanent Hard Rock Hotel & Casino Bristol
Oct 9, 2024

Hard Rock Bristol to open permanent facility Nov. 14

The Hard Rock Hotel & Casino Bristol will open its approximately $515 million permanent facility on Nov. 14, with country music star Blake Shelton making an appearance at the ceremony, its development team announced Wednesday. The temporary Bristol Casino: Future Home of Hard Rock opened July 8, 2022, making it Virginia’s[...]

Sep 29, 2024

Under construction

Amazon.com fulfillment and delivery centers Virginia Beach As part of Amazon.com’s growing presence in Virginia, the tech giant is coming to the Virginia Beach area in the form of a 650,000-square-foot fulfillment center and a 219,000-square-foot delivery station. It is an endeavor with $350 million in investments and is expec[...]

Sep 29, 2024

Chips on the table

This story has been updated since publication.  For Roy Corby, Hampton Roads evokes vacation vibes. He grew up in Ocean City, New Jersey, but his family vacationed regularly in Virginia Beach for a change in seaside scenery. Nearly two years ago, Corby returned to open and run Rivers Casino Portsmouth as its general manager. It[...]

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