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Economic Development

May 24, 2021

Fairfax hydroponic farm expanding, creating 29 jobs in Herndon

Beanstalk, an indoor hydroponic farm in Fairfax County, plans to expand its operation, investing $2 million and creating 29 jobs, Gov. Ralph Northam announced Monday. Owners Mike and Jack Ross, brothers from Alexandria, started the business in 2018 and sell fresh salad mixes and fresh herbs to grocery stores and at farmers’ markets. The new […]

May 21, 2021

Breeze Airways setting up base in Norfolk

Breeze Airways, a new low-cost airline, will invest $5.2 million to build an operations center in Norfolk, producing 116 jobs, the governor’s office announced Friday. The airline also will offer nonstop flights out of Richmond International Airport and Norfolk International Airport. The Salt Lake City, Utah-based startup c[...]

May 18, 2021

Modular housing manufacturer setting up Newport News plant

A modular housing manufacturer plans to establish its first East Coast facility in Newport News, investing $2 million and producing 220 jobs, Gov. Ralph Northam announced Tuesday. A Public Benefit Corporation and Certified B Corporation founded in 2018, indieDwell turns recycled shipping containers into small homes with one to four bedrooms to help solve the […]

May 13, 2021

Workforce development center opening in downtown Portsmouth

Portsmouth Economic Development is opening a brick-and-mortar resource Friday, aiming to create a public and accessible hub for skills training, career fairs, job applications and Internet access. The 2,000-square-foot office space, called Portsmouth@Work Center, is located in a suite at its downtown headquarters, 200 High St. The idea has been brewing since the fall 2019, […]

May 10, 2021

Guidehouse taps Fairfax for global HQ, creating 900 jobs

Guidehouse, a management consulting company with clients around the world, will establish its global headquarters in Fairfax County, producing more than 900 jobs, Gov. Ralph Northam announced Monday. The company will invest $12.7 million in a campus at 1676 International Drive in McLean, where 1,550 people will work at full capacity. Virginia competed with Maryland […]

May 10, 2021

Danville’s White Mill to be redeveloped into mixed-use project

Danville’s Industrial Development Authority and The Alexander Co. are teaming up to redevelop the city’s White Mill on the Dan River as a mixed-use commercial and residential project, with $62.5 million invested in the first phase, city officials announced Monday. Local officials have long been seeking developers for[...]

May 9, 2021

Downtown Culpeper mixed-use property sold for $3.95M

The Waters Place mixed-use property in downtown Culpeper has been sold for $3.95 million, Cushman & Wakefield | Thalhimer announced this week. The redevelopment and new building at 201 Waters Place includes 25 residential units and nine commercial spaces. Waters Place sits on half an acre and includes a renovated warehouse f[...]

May 4, 2021

AMPAC expanding Petersburg operation, adding 156 jobs

AMPAC Fine Chemicals plans to grow its Petersburg manufacturing facility, investing $25 million and creating 156 jobs, Gov. Ralph Northam announced Tuesday. AMPAC manufactures active pharmaceutical ingredients (APIs) and is a partner with Richmond-based Phlow Corp., Virginia Commonwealth University’s Medicines for All Institute and nonprofit drugmaker Civica Inc., on a federally funded, $354 million contract […][...]

May 3, 2021

Aditxt to produce 300 jobs in Richmond

A biotech company is setting up shop in Richmond and is expected to produce 300 jobs, Gov. Ralph Northam announced Monday. California-based Aditx Therapeutics Inc. (Aditxt) has pledged to invest $31.5 million over the next three years in its first AditxtScore Center, a facility that will monitor patients’ immune systems. The company plans to open […]

Apr 30, 2021

Valve manufacturer announces $1.9M expansion in Norfolk

Norfolk-based Dante Valve Co. will expand its operations with a $1.9 million investment, Virginia Gov. Ralph Northam announced today. The family-owned business, which marked its 60th anniversary last year, is an international manufacturer and distributor of pressure-relief valves and related products — primarily for submarines, aircraft carriers and other naval vessels. The U.S. Navy is […][...]

Apr 30, 2021

Fairfax County tech company adding 162 jobs

A fast-growing technology solutions company will invest $1.75 million to expand in Fairfax County, creating 162 jobs, Virginia Gov. Ralph Northam announced today. The company, Ridgeline International Inc., offers technology solutions for the federal government, commercial and nonprofit sectors. It said the expansion aims to increase its ability to provide security solutions. Founded in 2015, […][...]

Glen Allen-based residential real estate developer HHHunt Corp.’s Wescott community in Midlothian is just one example of a recent boom in suburban residential construction. Photo by Matthew R.O. Brown
Apr 29, 2021

Moving out

More than a year after the pandemic began, signs point to people moving away from densely populated city centers, says Anirban Basu, chief economist for Associated Builders and Contractors, an industry trade association based in Washington, D.C. The construction industry has taken note. Basu predicts: “This decade will be abou[...]

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