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It’s back!
Of all those whom Pharrell Williams has made happy, Virginia Beach government officials and business owners could be at the top of the list with the return of the music superstar’s Something in the Water this spring. Williams’ three-day music festival debuted in April 2019 at the Oceanfront and was a smash hit, with 25,000 [[...]
After the crisis
During summer 2020, racial inequities took center stage in the United States as protesters took to the streets after the murder of George Floyd, a 46-year-old Black man, by a Minneapolis police officer was captured on video and widely disseminated via social media and news outlets. Corporate America also responded, primarily thr[...]
Fort Monroe development moving forward
Apartments, a 250-person event center, a boutique hotel, a 500-seat restaurant, a marina and a firing range will soon dot the landscape at Fort Monroe with the help of historic tax credits, public funds and private investment. Hanover County-based Echelon Resources Inc. was named master developer by the Fort Monroe Authority for[...]
Lynchburg area needs more industrial sites
Megan Lucas knows all too well that no product means no project in economic development, especially when it comes to pad-ready sites and move-in-ready buildings. The lack of pad-ready sites and industrial spec buildings in the Lynchburg region is the major reason the area has missed 65 economic development opportunities that cou[...]
Norfolk’s MacArthur Center mall listed for sale
Downtown Norfolk’s struggling mall, MacArthur Center, is officially on the market. A listing from real estate company JLL describes the 23-acre property as “a compelling redevelopment opportunity.” The listing encourages prospective buyers to “reimagine a major asset in the Norfolk [central business distr[...]
Amazon Web Services to invest $35B in Va. data center campuses
Amazon Web Services plans to invest $35 billion by 2040 to establish multiple data center campuses across Virginia, creating 1,000 jobs, Gov. Glenn Youngkin announced Friday. Youngkin’s office said in a news release that “numerous localities in the commonwealth are under consideration” for the campuses, and spe[...]
21 Va. industrial sites awarded $90M for development
Virginia Gov. Glenn Youngkin announced $90 million in grants for the development of 21 industrial sites across the state Monday, helping localities get shovel-ready for big economic development projects. The two biggest winners are Chesterfield and Henry counties, which received $25 million and $22.2 million respectively from th[...]
White Mill project renamed ‘Dan River Falls’
The city of Danville and The Alexander Co. held a groundbreaking Thursday for the redevelopment of the long-vacant White Mill in Danville’s River District. At the ceremony held Thursday in Danville, officials revealed that the White Mill will now be called “Dan River Falls,” honoring Dan River Fabrics, the text[...]
10 Va. companies graduate VEDP export program
Ten Virginia companies are the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, which helps companies work on international export growth strategies, Gov. Glenn Youngkin announced this week. The two-year VALET program helps Virginia companies that have established domestic operations use international exporting as a growth strategy. […][...]
Fertility testing startup to establish $1.4M Albemarle HQ
Life sciences startup PS-Fertility Inc. will invest $1.4 million to establish its headquarters and operations in Albemarle County and plans to create 31 jobs, Gov. Glenn Youngkin announced Wednesday. PS-Fertility Inc. will commercialize a male fertility diagnostic technology that was originally developed at the University of Virginia. The company will lease 4,000 square feet at […]
NY textiles company to buy Patrick County HanesBrands facility
New York-based specialty textile manufacturer Apex Mills Corp. will invest $3.1 million to acquire the former HanesBrands facility in Patrick County, along with the plant’s equipment. The acquisition will retain 96 jobs and create an estimated 44 jobs, Gov. Glenn Youngkin announced Friday. Apex Mills will fulfill contracts for the Hanes clothing brands. HanesBrands Inc. […]
Manufacturer plans $40.2M expansion in Floyd
Massachusetts-based advanced materials manufacturer Hollingsworth & Vose will invest $40.2 million to expand its Floyd County operation, a project expected to create 25 jobs, Gov. Glenn Youngkin announced Tuesday. H&V will add more than 28,000 square feet to its facility at 365 Christiansburg Pike NE to accommodate new production equipment. “Hollingsworth & Vose has generated […][...]
