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Va. to establish trade office in Taiwan
Virginia will establish a trade office in Taipei, Taiwan’s capital, Gov. Glenn Youngkin announced Monday morning after meeting with that country’s president, Tsai Ing-wen. Youngkin’s meeting with Taiwan’s president came during the governor’s first international trade mission, during which he will al[...]
Va. launching semiconductor workforce initiative
The commonwealth is launching a Virginia Alliance for Semiconductor Technology to foster a semiconductor industry workforce, funding its establishment with a $3.3 million Growth and Opportunity for Virginia (GO Virginia) grant. Gov. Glenn Youngkin announced the initiative Friday. In March, GO Virginia announced the $3.3 million [...]
Demo begins on Military Circle Mall with site’s future uncertain
Norfolk started the first phase of demolition of Military Circle Mall Friday, but the future of the property remains unclear. Demolition will continue through late June, according to the city. The first phase will start with separate buildings on the property, including China Garden, Martin’s Café, and The Military Circle[...]
Lego breaks ground on $1B Chesterfield facility
The Lego Group broke ground Thursday on its $1 billion Chesterfield County manufacturing facility — launching the Danish toymaker’s first U.S. manufacturing plant and one of Virginia’s biggest economic development projects. The Billund, Denmark-based toy company known for its brightly colored plastic toy bricks and[...]
Hampton Roads organizations merge to form new roundtable
Two Hampton Roads regional economic development organizations are merging to establish the Hampton Roads Executive Roundtable, with the goal of unifying their efforts. The new organization will combine Hampton Roads Business Roundtable, established in 2012, and Reinvent Hampton Roads, established in 2016, with the primary missio[...]
Innovation, capital key to rural growth, Barkin and Warner say
There’s hope for economic growth in rural areas despite their challenges, Federal Reserve Bank of Richmond President and CEO Tom Barkin and U.S. Sen. Mark Warner said Wednesday during the Fed’s 2023 Investing in Rural America conference in Roanoke. Rural areas could overcome economic development challenges, particularly[...]
German manufacturer to add 100+ jobs in Chesterfield
Germany-based Weidmüller Group will invest $16.4 million to expand its operations in Chesterfield County, creating more than 100 full-time jobs, Gov. Glenn Youngkin announced Tuesday. Weidmüller Group provides smart industrial connectivity products and solutions that connect and automate electrical power and signaling for comp[...]
Shoring up
Williamsburg, Jamestown and Yorktown are all significant parts of the nation’s foundation, and historic tourism drove the region’s economy during the 20th century. But Colonial Williamsburg hasn’t been enough to keep big crowds coming to the area consistently in the 21st century, even before the pandemic. Visitation droppe[...]
Youngkin announces $8.1M in GO Virginia grants
A variety of projects around the state intended to spur economic and workforce development will get a boost from $8.1 million in state GO Virginia grants, Gov. Glenn Youngkin announced Friday. The 17 projects are expected to add hundreds of jobs. Nearly $4.8 million will fund two Virginia Tech projects, including one expected to build […]
Chesterfield County kicks off $210M mixed-use project
Chesterfield County officials began demolition Tuesday of the former Best Products Co. Inc. building in the Spring Rock Green shopping center to clear the way for the $210 million first phase of the Springline at District 60 mixed-use development. The 42-acre first phase of the project, located on Midlothian Turnpike off Chippen[...]
German electronics manufacturer to add 100 Va. jobs
Germany-based Zollner Elektronik AG will invest $18 million to expand in Virginia, including boosts to its electronics manufacturing operations in Danville as well at the company’s U.S. headquarters in Leesburg, adding 100 jobs, Gov. Glenn Youngkin announced Wednesday. The expansions include $14 million to expand manufacturing operations in the Danville-Pittsylvania County Regional Industrial Facility Authority-owned […][...]
River District Association gives leader a title upgrade
Diana L. Schwartz’s title is changing from executive director to CEO of the River District Association, the Danville downtown revitalization association announced Monday. The title more accurately reflects her role, according to an RDA news release. It has shifted from creating and managing programs for the downtown busine[...]
