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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[...]
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 [...]
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[...]
Jason El Koubi named VEDP’s permanent president, CEO
Jason El Koubi will stay on as the permanent president and CEO of the Virginia Economic Development Partnership, the state economic development authority announced Friday. El Koubi was named interim president and CEO at the beginning of the year after Stephen Moret left the organization to become president and CEO of Indianapo[...]
Salem names new economic development director
Salem’s new economic development director, Tommy Miller, says he has “the entrepreneurial gene,” a trait that should come in handy with his new role. Miller established Richmond Brewery Tours, a venture he ran from 2012 through 2020 to highlight the burgeoning craft beer industry. “Any entrepreneurial venture[...]
Action sports festival coming to Va. Beach
One of Canada’s largest action sporting events, the Jackalope Festival, will make its U.S. debut in Virginia Beach in June 2023, Mayor Bobby Dyer announced Wednesday at the annual State of the City address. “Get ready for Jackalope!” Dyer shouted enthusiastically before a crowd of about 1,000 people gathered at[...]
Fairfax County developer John ‘Til’ Hazel Jr. dies at age 91
John T. “Til” Hazel Jr., a major force behind the development of Tysons Corner and several planned communities in Fairfax County in the late 20th century, as well as a significant booster of George Mason University, died Wednesday at age 91. An Arlington native, Hazel was also an attorney and graduated from Harvard University and […]
Coal waste project launches in SW Va.
A public-private project to evaluate the critical minerals in coal waste products in Virginia, West Virginia and Kentucky launched Wednesday with a community meeting in the Virginia Highlands Small Business Incubator in Abingdon. The project, Evolve Central Appalachia (Evolve CAPP), is part of an almost $1.5 million grant from t[...]
Penn. logistics firm building cross-dock centers in Va.
Pennsylvania-based warehousing and logistics company A. Duie Pyle Inc. will invest about $20 million to establish three cross-dock service centers in Manassas, Richmond and Roanoke, an expansion expected to create 75 jobs, Pyle and Gov. Glenn Youngkin announced Tuesday. It’s the company’s first entry into Virginia. �[...]
BIO-CAT plans $35M expansion in Troy
BIO-CAT Microbials LLC, part of BIO-CAT Inc., will invest $35 million in a fermentation facility in Troy, southeast of Charlottesville, creating 20 jobs, the company announced March 3. The biotech company is a producer and wholesaler of enzymes, probiotics and microbials. Founded in 1988, BIO-CAT Microbials will expand its facil[...]
Würth Revcar to relocate corporate HQ to Roanoke County
A global company with ties to Roanoke going back decades is opening its new corporate headquarters and East Coast distribution center in Roanoke County. Würth Revcar Fasteners Inc., a Würth Industry North America company and part of the worldwide Würth Group based in Germany, will make Roanoke County its headquarters and open[...]
Thermo Fisher Scientific to add 500 jobs in RVA region
Massachusetts-based scientific equipment and software supply company Thermo Fisher Scientific Inc. will invest $97 million to expand its laboratory operations into three new locations in the Greater Richmond area, a project expected to create more than 500 jobs, Gov. Glenn Youngkin announced Monday. “Thermo Fisher’s expanding footprint and creation of more than 500 new jobs […]
