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Economic Development

Plastics manufacturer to produce 300 jobs in Chesterfield
Dec 21, 2021

Plastics manufacturer to produce 300 jobs in Chesterfield

Starplast USA, a subsidiary of Israel-based plastic manufacturer Starplast, plans to invest $17.7 million in a new facility in Chesterfield County, creating 300 jobs over the next five years, Gov. Ralph Northam announced Tuesday. “Starplast chose Chesterfield County for its new manufacturing operation because the geographic lo[...]

Merrick named as state’s next commerce secretary
Dec 21, 2021

Merrick named as state’s next commerce secretary

Caren Merrick, the CEO of Virginia Gov.-elect Glenn Youngkin‘s nonprofit Virginia Ready Initiative, has been chosen to serve as Virginia’s next secretary of commerce and trade, Youngkin’s campaign announced Tuesday. Before leading VA Ready, a role in which she managed $10 million in public and private funding t[...]

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Dec 17, 2021

CoStar Group to open $460M campus in Richmond

Washington, D.C.-based CoStar Group Inc., a commercial real estate data and analytics provider, will build a $460 million corporate campus in Richmond, creating 2,000 jobs, Gov. Ralph Northam announced Friday. The new campus will include a 26-story, 510-foot, LEED-platinum-certified skyscraper that will be the tallest building i[...]

Northam proposes $150M for site readiness
Dec 16, 2021

Northam proposes $150M for site readiness

When Mazda Toyota was looking to build a plant that would have brought 4,000 jobs and 1.6 billion in investment, Virginia was ruled out. Why? Because Virginia didn’t have a competitive project-ready site available. Huntsville, Alabama, landed the deal instead.  Since 2016, Virginia has lost out on 42,000 direct jobs and [...]

Dec 13, 2021

Two Va. projects are finalists for $100M U.S. EDA grants

Two Virginia projects — one to make Central Virginia an advanced pharmaceutical manufacturing hub and one to support the transportation and logistics cluster in Southern and Southwest Virginia — are two of 60 finalists for the U.S. Economic Development Administration’s Build Back Better Regional Challenge, which will provide awardees with up to $100 million each. […]

The former Bristol Mall is being converted into a Hard Rock casino and resort hotel, slated for completion by late 2022. Rendering courtesy Friedmutter Group
Dec 9, 2021

Construction begins on Hard Rock casino in Bristol

Construction has started on the Hard Rock Hotel & Casino Bristol’s temporary casino, with opening scheduled in the second quarter of 2022, Hard Rock International Inc. announced Thursday. Before its permanent casino is built, Hard Rock will build a 30,000-square-foot casino at the former Bristol Mall. It will feature 9[...]

Dec 8, 2021

Patrick County flooring company announces $9.3M expansion

Ten Oaks LLC, a manufacturer of residential hardwood floors, will invest $9.3 million in a sorting and stacking facility in Patrick County, creating 11 jobs, Gov. Ralph Northam announced Wednesday. The company was established in 2004 in the town of Stuart and was acquired in 2019 by Canadian company Boa-Franc. The new facility is located […]

What will Amazon HQ2 look like? Arlington planners weigh in.
Dec 6, 2021

What will Amazon HQ2 look like? Arlington planners weigh in.

Arlington County Planning Division’s Site Plan Review Committee will review the layout and architectural design for PenPlace, the proposed second phase of Amazon.com Inc.‘s East Coast headquarters, as well as the proposed public space, in its Monday night meeting. Meeting documents show the proposed layout of the Pen[...]

Youngkin promises biz-friendly climate for Va.
Dec 3, 2021

Youngkin promises biz-friendly climate for Va.

Talent, taxes and regulations, broadband access and energy are the top concerns for Virginia businesses, according to survey results gathered for the Virginia Chamber of Commerce’s Blueprint Virginia 2030, an action plan for strengthening Virginia’s economy. And those are also priorities for Gov.-elect Glenn Youngkin[...]

$31.5M Winchester turkey plant to create 111 jobs
Dec 2, 2021

$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[...]

Shenandoah Valley Partnership Executive Director Jay Langston at the future site of a Cava processing facility in Verona Photo by Norm Shafer
Nov 29, 2021

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[...]

Brambly Park Winery opened in Richmond’s popular Scott’s Addition neighborhood in summer 2020, offering an outdoor gathering area and an indoor events space. Photo by Shandell Taylor
Nov 29, 2021

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 —�[...]

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