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Va. officials woo chip manufacturers
U.S. Sen. Mark Warner and state and local economic development officials are vying to attract semiconductor chip manufacturing facilities to four Virginia industrial sites as the commonwealth gears up to fight for a piece of the financial pie from sweeping federal legislation that promises to ramp up chip production in the U.S. [...]
Chesterfield-based Paymerang expands to Wise County
Chesterfield County-based payment and invoice automation company Paymerang LLC will expand its operations to Southwest Virginia, creating 50 jobs in Wise, the company announced Thursday. The move follows a previous expansion of its Chesterfield County headquarters. In Wise, employees will work in software development, cloud eng[...]
Va. Beach’s DroneUp to add 655 jobs
Virginia Beach-based DroneUp LLC is adding 655 jobs as part of a $27 million expansion that will include establishing a drone testing, training and research and development center at Richard Bland College, Gov. Glenn Youngkin announced during a news conference Wednesday at the Executive Mansion in Richmond. DroneUp, which specia[...]
Coronado announces $169M coal mining expansion
Coronado Global Resources Inc., an Australian producer of metallurgical coal, will invest $169.1 million to expand coal mining operations at its Buchanan Mine Complex, located about 10 miles southeast of Grundy in Buchanan County. The expansion will see the mining operation add 181 jobs, bringing its total workers at the site to 781, Virginia Gov. […]
Lease signed for Fairwinds Landing in Norfolk
The ball has started rolling on the $100 million project turning the Lambert’s Point Docks property in Norfolk into Fairwinds Landing, a maritime operations and logistics center to support the local offshore wind, defense and transportation industries. The Miller Group signed a lease for the 122-acre site owned by Norfol[...]
Outgoing chamber leaders honored by state association
The Virginia Association of Chamber of Commerce Executives has honored two retiring leaders with lifetime achievement awards. Prince William Chamber of Commerce President and CEO Debbie Jones and Roanoke Regional Chamber of Commerce President and CEO Joyce Waugh received the awards during the VACCE’s 2022 executive leaders[...]
NoVa distillery to expand, create 42 jobs
Prince William County-based MurLarkey Distilled Spirits will invest $8.1 million to move and expand its operations, with plans to create 42 new jobs over the next three years, Gov. Glenn Youngkin announced Thursday. MurLarkey will leave Bristow and establish a large new distillery and tasting room on the Manassas campus of Farm Brew Live, a […]
Restoration Bioproducts to build $5.8M biochar plant
Lynchburg-based Restoration Bioproducts LLC will invest $5.8 million and build Virginia’s first biochar production facility in Sussex County, creating five jobs and purchasing 34,560 tons of Virginia-grown wood products, Gov. Glenn Youngkin announced Monday. Wood pellet manufacturer Wood Fuel Developers is already in Waverly. Restoration Bioproducts will use pyrolysis technology to turn wood waste from […][...]
More Diamond District details released; city narrows pool to 2 developers
Richmond has narrowed its pool of Diamond District development team finalists from three to two, city officials announced Friday, while releasing some more details about the competing proposals, which include thousands of residential units and a new Richmond Flying Squirrels stadium expected to be paid for with bonds. Still in t[...]
Amazon opens new Chesapeake facility
Last week Amazon.com Inc. opened its new, 640,000-square-foot processing facility in Chesapeake, the global e-tailer’s first cross-dock fulfillment center in Virginia. About 900 of the 1,000 workers that Amazon announced it would be hiring for the facility are already on the job, an Amazon spokeswoman told Virginia Busines[...]
Hilton will expand global HQ in Fairfax
Hilton Worldwide Holdings Inc. will expand its Fairfax County corporate headquarters, creating 350 jobs over the next five years, Gov. Glenn Youngkin announced Thursday. Over the next five years, the Fortune 1000 global hospitality company will add a variety of roles in areas created to support growth in the coming years, accord[...]
Norfolk’s Military Circle Mall headed for wrecking ball
Norfolk’s Military Circle Mall will close by the end of the year to make way for its demolition in the first quarter of 2023. The decision to close the mall came after Norfolk Economic Development Authority members toured the aging facility on Wednesday, Norfolk Economic Development Director Jared Chalk told Virginia Busin[...]
