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Economic Development

Jun 28, 2021

Chesterfield EDA acquires former speedway property

Chesterfield County will purchase the former Southside Speedway property for $4.5 million, according to a news release from the county’s Economic Development Authority. The county’s board of supervisors approved the transfer of funds for to the EDA for the purchase on June 23. The nearly 48,000-square-foot property purchase is part of a plan to expand […]

F-22 fighter jet training unit will relocate to Joint Base Langley-Eustis
Jun 25, 2021

F-22 fighter jet training unit will relocate to Joint Base Langley-Eustis

The U.S. Air Force is relocating the branch’s only advanced training unit for F-22 Raptor fighter jets from Florida to Joint Base Langley-Eustis in Hampton, bringing some 2,300 people to the region, the Air Force confirmed to the Air Force Times newspaper on Wednesday, June 23. “We are thrilled to welcome the F-22 Raptor[...]

Jun 23, 2021

GO Virginia awards $11.1 million in economic recovery grants

The state’s GO Virginia economic development initiative announced Wednesday that it has allocated $11.1 million in grants to advance economic recovery efforts across Virginia, including a $1.45 million award to create a statewide system to support cybersecurity jobs training for Virginia’s defense contracting industry. “The targeted support that GO Virginia provides is critical to ensuring […][...]

UPDATED: Richmond now has six major casino proposals
Jun 14, 2021

Richmond City Council approves casino referendum, which heads next to voters

Richmond City Council on Monday voted 8-1 for a casino referendum to appear on the city’s Nov. 2 ballot. If passed by city voters, the proposed $600 million ONE Casino + Resort would be the only casino under Black ownership in the country. Urban One Inc., which owns and operates 55 radio stations and the […]

CarLotz Midlothian location. Photo courtesy CarLotz
Jun 11, 2021

CarLotz expanding HQ in Richmond, adding 192 jobs

CarLotz, the nation’s largest consignment-to-retail used vehicle business, plans to expand its headquarters in the city of Richmond, creating 192 jobs, Gov. Ralph Northam announced Friday. To accommodate recent growth, the company will relocate from the city’s Manchester neighborhood to Scott’s Addition. CarLot[...]

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Jun 10, 2021

Sorry, Pittsburgh! StarKist Co. relocating HQ to Reston in 2022

StarKist Co. is moving its corporate and administrative headquarters from Pittsburgh to Fairfax County, Gov. Ralph Northam announced Thursday. The seafood and chicken company, a subsidiary of Dongwon Industries Co. Ltd., plans to occupy space in a Reston office building, creating 83 jobs by spring 2022. “Virginia is home to a [...]

Jun 9, 2021

Lyon Shipyard plans $24.4M expansion, adding 119 jobs

Norfolk’s Lyon Shipyard plans to expand its operation, investing $24.4 million and creating 119 jobs, Gov. Ralph Northam announced Wednesday. The 93-year-old ship repair and industrial service provider plans to build a new marine travel lift and a larger waterfront dry dock on the Elizabeth River. Virginia competed for the project with North Carolina, according […]

Jun 7, 2021

UK manufacturer to build $6.4M facility in Danville

MEP Ltd., a manufacturer of complex plastic and metal components for the aerospace and defense sectors, will invest $6.4 million to establish its first U.S. operation in Danville, creating 45 jobs, Virginia Gov. Ralph Northam announced Monday. The company, which will operate in the U.S. as Making Everything Possible LLC, will locate in the Cyber […]

'The Big H' sculpture on Route 10 in Hopewell. Photo by Richard Foster.
Jun 7, 2021

Indie movie starring Jon Heder to film in Central Va. this summer

“Tapawingo,” an indie feature film starring Jon Heder and Billy Zane, will film in Hopewell, Petersburg and Richmond this summer, Gov. Ralph Northam announced June 4. Directed by Dylan K. Narang, it’s described as a coming-of-age comedy centered on “a listless oddball who becomes the unlikely bodyguard for a misfit t[...]

Dickenson IDA gets $1.1M loan to purchase former mill site
Jun 4, 2021

Dickenson IDA gets $1.1M loan to purchase former mill site

The Dickenson County Industrial Development Authority received a loan of up to $1.175 million from the Virginia Coalfield Economic Development Authority to purchase the former Mountain Forest Products mill site, a 433-acre property in Dickenson and Wise counties, for future economic development. The site, which is adjacent to th[...]

Jun 3, 2021

Global manufacturer to move U.S. HQ to Danville/Pittsylvania area

Walraven Inc. will invest $7.15 million to relocate its U.S. headquarters and manufacturing operation from Cadillac, Michigan, to the Danville-Pittsylvania County area, creating 46 jobs, Virginia Gov. Ralph Northam announced Thursday. A manufacturer of installation systems such as pipe hangers and in-wall solutions for plumbing and mechanical applications, Walraven will move into the Cane Creek […][...]

May 27, 2021

Slovenian manufacturer bringing $2.6M U.S. HQ to Harrisonburg

SIBO Group, a Slovenia-based manufacturer of closure solutions for tubes, containers and other packaging systems, will invest $2.6 million to establish its U.S. corporate headquarters and a new manufacturing operation in Harrisonburg. The subsidiary will operate as SIBO USA LLC and the project will create 24 jobs. Founded in 1967, SIBO Group got its start […]

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