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Economic Development

The Helix building will be the centerpiece of Amazon's HQ2 East Coast headquarters in Arlington. Rendering courtesy Amazon.com Inc.
Sep 2, 2021

Amazon has hired 3,000+ HQ2 workers so far

So far, Amazon.com Inc. has hired more than 3,000 of the 25,000 employees it plans to recruit by 2030 for its multibillion-dollar HQ2 East Coast headquarters in Arlington, the global online retailer announced Wednesday. In 2019, the Virginia General Assembly passed an incentive package that would pay Amazon up to $550 million in[...]

Stephen Moret is president and CEO of VEDP.
Sep 1, 2021

VEDP launches Supply Chain Optimization Program

The Virginia Economic Development Partnership launched its Supply Chain Optimization Program, Gov. Ralph Northam announced Wednesday. The one-year program is designed to help Virginia businesses streamline their supply chain management. Participating businesses could receive a maximum of $10,000 in reimbursements for supply chai[...]

Aug 30, 2021

Virginia Association of Chamber of Commerce Executives names chair-elect

The Virginia Association of Chamber of Commerce Executives (VACCE) announced that Arlington Chamber president and CEO Kate Bates is its 2021-22 chair-elect. “I’m honored to be assuming the role of chair-elect for VACCE, following a line of tremendous leaders,” Bates said in a statement. “During the pandemic, [...]

Aug 26, 2021

Tyson Foods to open $300M Pittsylvania County facility

Tyson Foods Inc. will open a 325,000-square-foot, $300 million manufacturing facility in the Cane Creek Centre industrial park, creating 376 jobs, Gov. Ralph Northam announced Thursday. The new facility will primarily be used for the production of cooked foods such as Any’Tizer Snacks and chicken nuggets made by Tyson Food[...]

Aug 20, 2021

Woodgrain Inc. to invest $17M in SW Va., creating 100 jobs

Woodgrain Inc. will invest $9 million to expand its operations in Smyth County and invest $8 million more to purchase and expand the former Independence Lumber sawmill in Grayson County, producing 100 jobs, Gov. Ralph Northam announced Friday. The family-owned business based in Idaho is one of the largest millwork companies in the world, manufacturing […]

Aug 12, 2021

Pennsylvania company to build $11M expansion in Pulaski

The Patton Logistics Group will invest $11 million to expand its trucking, logistics and warehousing operation in the New River Valley Commerce Park in Pulaski County, creating 63 jobs, Gov. Ralph Northam announced Thursday. The company will add 150,000 square feet to its 250,000-square-foot logistics center. The expansion will [...]

Aug 12, 2021

Metro unveils major Falls Church redevelopment agreement

The Washington Metropolitan Area Transit Authority has signed an agreement to redevelop the West Falls Church Metro Station site as a more than 1 million-square-foot mixed-use development. Construction is expected to begin in 2023. The agreement was reached with FGCP-Metro LLC, a joint real estate development partnership involvi[...]

Aug 10, 2021

Richmond casino referendum gets court’s OK for ballot

The Richmond Circuit Court approved the Richmond City Council’s petition Tuesday to place a referendum on the November ballot for city voters to weigh in on the Urban One Inc.-backed ONE Casino + Resort project. It’s the next step in a process that started early this year with the city’s request for proposals f[...]

Aug 6, 2021

Proposals for Norfolk’s Military Circle Mall redevelopment narrowed to 3

Three groups have submitted full proposals to the city of Norfolk to redevelop Military Circle Mall. In late 2020, Norfolk put out a call for developers to turn the struggling mall into a thriving mixed-use community. The city narrowed the list to four, but on Friday, just three proposals were released by the city, including [&h[...]

Aug 5, 2021

Norfolk software company to expand, create 37 jobs

A Norfolk-based software company will expand its operation and create 37 jobs, Gov. Ralph Northam announced Thursday. SVT Robotics, a company that accelerates the deployment of industrial robotics, will invest $101,400 to expand in the Ghent area of Norfolk. The company will build a lab to house robotic equipment used to demonst[...]

Aug 5, 2021

Va. Beach Naval Air Station to allow private development

About 400 acres of underutilized land at Naval Air Station Oceana in Virginia Beach could be leased for private development, according to a new agreement between the Navy and the city of Virginia Beach. The agreement was signed Thursday. The concept, known as Future Base Design, would mean that the land would be leased to [&hell[...]

Jul 30, 2021

Eight Va. companies graduate from VEDP export program

Eight companies became the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, Gov. Ralph Northam announced Friday. The VALET program helps Virginia companies use international exporting as a growth strategy. During the two-year program, businesses learn international sales plan development services through trainings from international service providers, […][...]

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