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Economic Development

Feb 27, 2023

A sampling of Virginia’s major road projects

HAMPTON ROADS Hampton Roads Bridge-Tunnel Expansion Project Work continues on Virginia’s largest highway construction project, the $3.9 billion Hampton Roads Bridge-Tunnel (HRBT) expansion. The contract ends in November 2025, but the contractor — Hampton Roads Connector Partners, a joint venture led by Dragados USA Inc. — [...]

Feb 27, 2023

Take a load off

One thing Brian Dail noticed as he spent a day and a half in February 2020 participating in step van manufacturer Morgan Olson’s new hire training in Loudon, Tennessee, was the physical strain. After the first hour, he told his colleagues, “‘Gosh, I’m not used to being on my feet. I’m ready to sit down.’” […[...]

Youngkin spoke at the September 2022 event for Plenty Unlimited in Chesterfield. Photo by Daniel Sangjib Min/Richmond Times-Dispatch via Associated Press
Feb 27, 2023

Making the grade

For Virginia Gov. Glenn Youngkin, this is the state’s rebuilding era. Although his Democratic predecessor, Gov. Ralph Northam, trumpeted Virginia’s unprecedented consecutive two-time run as CNBC’s Top State for Business, Youngkin has been critical of the state missing out to our Southern neighboring states on big manufactu[...]

Feb 27, 2023

Sweet valley high

For Paul Mahoney, chair of the Roanoke County Board of Supervisors, the past year has stood out for bringing an “explosion of development” to the county. Home improvement retailer Lowe’s Cos. Inc. opened a new distribution center. North American Specialty Laminations LLC established a mid-Atlantic production facility. And [...]

Feb 27, 2023

The Big Book: Accounting Firms

To purchase the complete list, click here.   

Feb 27, 2023

Moving in

Southern Virginia is laying out the welcome mat for a growing number of companies seeking to locate in areas with lower taxes, better proximity to supply chains, a skilled workforce and improved quality of life.  During 2022, a variety of businesses, ranging from an automotive education and entertainment firm to a moving and tr[...]

Feb 27, 2023

Defense and defensibility

When it comes to tech and government contractors, Northern Virginia’s national profile continued to rise in 2022. Arlington County, where Amazon.com Inc.’s multibillion-dollar HQ2 is continuing to take shape in National Landing, made headlines around the globe in spring 2022. Fortune 500 companies Boeing Co. and Raytheon Tec[...]

Feb 27, 2023

It’s complicated

Going by media coverage alone, you’d be forgiven for thinking that 2021’s Great Resignation turned into “quiet quitting” in 2022, but as always, the national mood is more complicated than any two-word phrase could convey. There are still significant labor shortages in certain sectors — notably health care, education a[...]

Feb 23, 2023

Farmer Focus to create 300 jobs with $17.8M expansion

Harrisonburg-based Farmer Focus is planning a $17.8 million expansion that will create 300 jobs and double its processing capacity, the organic poultry producer announced this week.  Part of that expansion will be paid for with a $3.6 million grant from the United States Department of Agriculture’s Meat and Poultry Proces[...]

Feb 21, 2023

Health care venture to establish manufacturing facility in Norfolk

Princo LLC, a joint venture comprised of health care companies Premier Inc., Vario Labs LLC and Caretrust LLC, will invest up to $23.8 million to establish a health care products manufacturing facility in Norfolk, creating an expected 284 jobs, Gov. Glenn Youngkin announced Tuesday. Princo will initially invest $18.1 million with the potential to invest […]

Feb 20, 2023

Lego to hire 500 Chesterfield employees by year’s end

The Lego Group plans to hire approximately 500 people for its $1 billion Chesterfield County manufacturing facility by the end of this year, according to the Danish toymaker’s head of talent operations in the Americas, Karra McCormack. Lego expects to create more than 1,760 jobs over 10 years. The company and Gov. Glenn Youngk[...]

Gov. Glenn Youngkin speaks at the announcement of Lego Group's Chesterfield County facility.
Feb 13, 2023

It’s official — Ford plant going to Michigan

Ford Motor Co. announced Monday that it will build an electric vehicle battery plant in Michigan, a $3.5 billion project that Virginia was considered for until Gov. Glenn Youngkin pulled the state out of it late last year. Youngkin’s concern, he said in January, was over the involvement of China-based Contemporary Amperex [...]

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