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$31.5M Winchester turkey plant to create 111 jobs
Minnesota-based TFC Poultry LLC will invest $31.5 million to establish its second U.S. production facility in Winchester, a project expected to create 111 jobs, Gov. Ralph Northam announced Thursday. “Virginia’s strong agriculture sector continues to play a critical role in the success of our booming economy,” Northam sai[...]
Shenandoah Valley races to develop industrial sites
A flurry of recent industrial investment in the Shenandoah Valley has regional economic development officials eager to make new sites shovel-ready as companies put a premium on locations that will enable them to stand up operations as fast as possible. Fast-casual restaurant chain Cava’s September announcement that it will bui[...]
Hot property
Richmond real estate developer Andrew Basham’s company, Spy Rock Real Estate, owns so many properties within Scott’s Addition that local business owners jokingly refer to the neighborhood as “Andrew’s Addition.” As the area has become Richmond’s hottest neighborhood — literally and figuratively — Basham and[...]
Industrial space gets boost in Amherst
Amherst County has received a $3 million federal grant to attract manufacturing firms with a new 45,000-square-foot, $4.6 million industrial facility. In September, the U.S. Department of Commerce announced that it awarded a $3 million grant to the county Economic Development Authority to build a new county-owned facility, with [...]
UK race car maker taps into Martinsville talent
College students in Martinsville can get on the fast track to careers with British race car manufacturer Radical Sportscars. In May, the Peterborough, England-based company opened its first U.S.-based sales office at Patrick & Henry Community College’s Manufacturing and Engineering Technology Complex, close to the school�[...]
VEDP board taps interim president
The Virginia Economic Development Partnership Board of Directors’ executive committee voted unanimously on Nov. 17 to name Jason El Koubi interim president and CEO of the partnership, effective Jan. 1. VEDP’s executive vice president, El Koubi has been with the organization since July 2017. “We have succeeded b[...]
Roanoke biz to create 30 jobs in Scott County
Roanoke-based VFP Inc. will invest $7.2 million to expand in Scott County, creating 30 jobs, Gov. Ralph Northam announced Monday. The expansion will allow VFP to produce larger concrete shelters. “Great workers live in Southwest Virginia, and companies like VFP recognize that,” Northam said in a statement. “Virginia is adv[...]
BWXT to invest $65M in new Campbell County campus
Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) will build out and upfit a center for manufacturing and research and development adjacent to its Campbell County facility, creating 97 jobs, Gov. Ralph Northam announced Friday. The Fortune 1000 company plans to invest $65 million over the next thr[...]
Mondelez to create 80 jobs with $122.5M Henrico expansion
Chicago-based snack company Mondelez International Inc. will invest $122.5 million over three years to expand its bakery and build a sales fulfillment center in Henrico County, creating about 80 jobs, Gov. Ralph Northam announced Thursday. “Mondelez International’s long-term investment in Central Virginia is a testament to t[...]
Amazon has hired 3,500 HQ2 workers
Amazon.com Inc. has hired 3,500 of its 25,000 planned workers for HQ2, the tech behemoth’s $2.5 billion East Coast headquarters in Arlington. Meanwhile, construction on the two office towers for HQ2’s first phase, Metropolitan Park, is more than halfway complete, company representatives said during a site tour Wednes[...]
Va. Beach’s Pembroke Mall to add apartments, senior living and hotel
Pembroke Mall in Virginia Beach is getting a $200 million makeover. The aging mall’s developers, Pembroke Square Associates, announced plans Monday for a series of updates to the 54-acre mall near the city’s Town Center area. “The mall industry is changing,” said Ramsay Smith, president of Pembroke Realty[...]
Canadian frozen food company to create 67 jobs in Warren County
Montreal-based Nature’s Touch Frozen Foods LLC will spend $40.3 million to expand in Warren County, creating 67 jobs, Gov. Ralph Northam announced Tuesday. Harrisonburg-based InterChange Group Inc. will build a 126,000-square-foot facility for Nature’s Touch. The company will import raw materials directly to the new facility[...]
