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Economic Development

Apr 11, 2022

DNA lab capacity expansion to bring 70 more jobs to Fairfax

Lorton-based forensic DNA testing company Bode Technology will invest $2 million to expand its DNA testing lab capacity in Fairfax County, a project expected to create more than 70 jobs, Gov. Glenn Youngkin announced Monday. The company will reconfigure about 5,000 square feet of its lab and add laboratory benches and robotics t[...]

Apr 7, 2022

Military contractor to add hundreds of jobs in Norfolk

Fairfax-based military contractor WR Systems will expand its Norfolk campus, Norfolk Mayor Kenneth Cooper Alexander announced at the city’s annual State of the City address on Thursday. The Norfolk campus currently houses more than 320 employees and will add several hundred jobs, Alexander said. “In making the decisi[...]

Apr 5, 2022

Prince William chamber leader announces retirement

Prince William Chamber of Commerce President and CEO Debbie Jones will retire at the end of the year, the organization announced Monday. Jones has served in the position since July 2014 after joining the chamber in 2010 to serve as its chief operating officer. She previously served 17 years as the president and CEO of […]

JB Holston. Photo courtesy The Greater Washington Partnership
Mar 31, 2022

Greater Washington Partnership CEO steps down

Greater Washington Partnership CEO JB Holston has left the organization he has led since September 2020. Holston’s last day was Thursday, Nina Sharma, a partnership spokesperson confirmed to Virginia Business. It comes one day after the alliance of business and community leaders from Baltimore through Richmond announced a [...]

Trex Co. Inc. is building its new headquarters in Winchester. Rendering courtesy Trex Co. Inc.
Mar 30, 2022

Trex starts HQ move to Winchester

Composite decking and railing manufacturer Trex Co. Inc. broke ground in January on its new $7 million global headquarters in Winchester. The 64,000-square-foot office facility will be located on 8 acres along Crossover Boulevard near Interstate 81. The company’s corporate offices are currently located on Exeter Drive in Frede[...]

AeroFarms’ Cane Creek Centre facility will use a vertical farming system it says is much more productive than growing outside. Photo courtesy AeroFarms
Mar 30, 2022

AeroFarms plants roots in Cane Creek Centre

AeroFarms won’t harvest the first crops at its new Cane Creek Centre facility until summer, but the company is already expanding. In December 2019, the Newark, New Jersey-based indoor agriculture company announced it would invest $42 million and create 92 jobs in the 136,000-square-foot facility building in the industrial park[...]

Mar 30, 2022

Italian olive oil company to open first U.S. facility in Newport News

Certified Origins, an Italian producer of extra virgin olive oil, will invest $25 million to establish its first U.S. production facility in Newport News, Gov. Glenn Youngkin announced in a news release Wednesday. The move is expected to produce 30 jobs. The company’s operations in the city’s Oakland Industrial Park [...]

Mar 25, 2022

Bermuda insurer to establish U.S. HQ in Henrico

Bermuda-based Hamilton Insurance Group Ltd. will invest at least $415,000 to establish the U.S. headquarters of its subsidiary in Henrico County, a project estimated to create more than 70 jobs, Gov. Glenn Youngkin announced Friday. Hamilton’s wholly owned subsidiary, Hamilton Select Insurance Inc., is a commercial insurer tha[...]

Mar 24, 2022

Perdue AgriBusiness plans $59M Chesapeake expansion

Perdue AgriBusiness will invest $59.1 million and expand operations in the city of Chesapeake, Gov. Glenn Youngkin’s office announced Thursday. The company, an affiliate of Perdue Farms Inc., will modernize facilities and increase production of high protein soybean meal, soybean oil and hulls. The expansion will position P[...]

Loudoun County is known as Data Center Alley because it has the world’s highest concentration of data centers. It has received $1.5 billion in tax revenue from the centers over the last six years Photo by Will Schermerhorn.
Mar 24, 2022

Report: Va. data center projects totaled $6.8B in 2021

Data centers are a primary driver of economic growth in Virginia, comprising $6.8 billion or 62% of all major economic investments announced last year by the Virginia Economic Development Partnership, according to a new report released Thursday by the Northern Virginia Technology Council (NVTC). While the total for 2021 represen[...]

Mar 23, 2022

Richmond pares down Diamond District developer pool

Story updated, March 24 at 11:45 a.m. The city of Richmond announced Wednesday that six competing development teams have been chosen out of 15 applicants to continue in the competition to redevelop the Diamond District area near the Richmond Flying Squirrels’ stadium. The city requested applications late last year for the [...]

Mar 22, 2022

Cameron Foundation president to retire

The Cameron Foundation’s president, J. Todd Graham, will retire Dec. 31, the Petersburg foundation announced Monday. Graham has served as the foundation’s president since fall 2012. Under his leadership, the foundation has supported projects that have established school-based health clinics in Petersburg and Hopewell high sc[...]

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