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Economic Development

River Roads Jet Boats Co. co-owner Mason Basten wants to remain in Amherst County but his business needs room to grow. Photo by Meridith De Avila Khan
Nov 29, 2021

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 [...]

England-based Radical Sportscars plans to build race cars in Martinsville. Photo courtesy Radical Sportscars
Nov 29, 2021

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 scho[...]

VEDP board taps interim president
Nov 22, 2021

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
Nov 22, 2021

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
Nov 19, 2021

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
Nov 18, 2021

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 [...]

Amazon has hired 3,500 HQ2 workers
Nov 17, 2021

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
Nov 16, 2021

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
Nov 16, 2021

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 [...]

Nov 11, 2021

Henrico expands development incentive program, amends tax credits

Henrico County announced this week it is creating a redevelopment incentive program for parts of the county that are in need of renovation. Henrico Investment Program was unanimously approved by the county board Tuesday, and the program is expected to launch in January. Incentives for development and reinvestment will be available for projects along parts […]

Retail | Wholesale
Nov 11, 2021

Performance Food Group to build $80M facility in Hanover

Performance Food Group Co., the Goochland-based Fortune 500 food distribution corporation, plans to invest $80.2 million on a new facility in Hanover County, creating 125 jobs, Gov. Ralph Northam announced Thursday. The regional sales and distribution center will be housed in a 325,000-square-foot building in Ashland. “This ne[...]

Nov 11, 2021

Metal fabricator to add 22 jobs in Buchanan

Buchanan County-based metal fabrication company Skyline Fabricating Inc. will spend more than $675,000 to build a 25,000-square-foot production facility in the county’s Southern Gap area, creating 22 jobs, Gov. Ralph Northam announced Tuesday. The facility will help Skyline Fabricating meet increased demand for steel and aluminum fabricated products and its expanded customer base outside Virginia. […][...]

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