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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[...]
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, […][...]
Chesterfield EDA eyes mixed-use project at Spring Rock Green
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The Boulder’s[...]
Turning the corner
When the COVID-19 pandemic hit last year, it felt as if the long-running goal of transforming Tysons from a commuter-driven “edge city” into a vibrant, urban, walkable destination “would be so disrupted,” says Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority. But the increase in soci[...]
VEDP’s new board chair is Dewberry COO
Dan Pleasant, chief operating officer for Fairfax-based planning, design and construction company Dewberry, has been named chair of the Virginia Economic Development Partnership Board of Directors. His two-year term began July 1. The motion to approve Pleasant’s nomination passed unanimously during the 17-member board’s Ap[...]
Virginia snags “Best Business Climate” state ranking
Virginia is the state with the “Best Business Climate” in the nation, according to Business Facilities magazine’s 17th annual State Ranking Report, released Wednesday. Last year, Texas held the No. 1 spot, with Virginia taking second. After falling off Business Facilities’ top 10 list in 2014 and 2015, Virginia placed ninth in 2016, fourth in […]
Richmond snack company investing $16.5M in Henrico facility
Richmond-based specialty snack supplier Red River Foods Group Inc. will invest $16.5 million to establish a warehouse and processing facility in Henrico County, creating 60 jobs, Virginia Gov. Ralph Northam announced Monday. Virginia competed with Maryland, New Jersey and Pennsylvania for the project. The center will process tre[...]
SimpliSafe bringing second facility to Henrico
Home security system manufacturer SimpliSafe will invest more than $3 million to expand its operations in Henrico County, increasing its jobs creation total for the county to more than 800, Gov. Ralph Northam announced Thursday. The company will establish a new customer security monitoring service center at 4840 Cox Road in Glen[...]
Plastics equipment manufacturer to reopen Pulaski facility
Plastics industry equipment manufacturer Xaloy Holdings LLC will move its barrel manufacturing operation from Ohio back to Virginia, reopening its former facility in Pulaski County, Gov. Ralph Northam announced Thursday. Xaloy will invest $1.75 million in its 100,000-square-foot, 30-acre site in Pulaski to produce bimetallic bar[...]
Fed says Fifth District economy growing moderately
[wpdiscuz-feedback id=”z7qx6rb9ba” question=”Why?” opened=”0″]Amid the post-pandemic recovery[/wpdiscuz-feedback], the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent week[...]
Virginia ranked CNBC’s Top State for Business again
Virginia retained its place as CNBC’s Top State for Business this year, beating out North Carolina and Texas and becoming the first state to achieve the honor twice in a row and five times in all, the cable business news channel announced Tuesday morning. Virginia Gov. Ralph Northam appeared live Tuesday morning on CNBC&[...]
Commercial truck, van floor manufacturer to build $12.8M plant in Patrick County
Prolam LLC, a Canadian manufacturer of hardwood floors for commercial trucks and dry van trailers, will invest $12.8 million to establish its first U.S. manufacturing plant at the former Ten Oaks satellite facility in Patrick County, creating 58 jobs, Virginia Gov. Ralph Northam announced Wednesday. The facility will increase Prolam’s manufacturing capacity by 50%, and […]
