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Economic Development

Apr 29, 2021

Modine expands Va. footprint, will invest $7M in Rockbridge County

Modine Manufacturing Co. will invest $7 million to convert its Rockbridge County warehouse into a manufacturing plant that will produce data center cooling solutions, creating 60 jobs, Gov. Ralph Northam announced Thursday. Headquartered in Wisconsin, Modine specializes in building thermal management systems and components and saw $2 billion in revenue last year. Modine has had […]

Apr 28, 2021

Traeger Grills plans $3M facility in Wythe County

Traeger Grills, manufacturer of the world’s top-selling wood pellet grill and signature hardwood pellets product, plans to build a $3 million manufacturing operation in Wythe County, Gov. Ralph Northam announced Wednesday. The company plans to purchase wood products exclusively sourced from Virginia and create 15 jobs in Wythe, the governor’s office said. Salt Lake City, […]

Apr 27, 2021

Danville chamber announces winners of first pitch competition

On Monday, the Danville Pittsylvania County Chamber of Commerce announced it had awarded four businesses a total of $50,000 in order to open or expand in Danville and Pittsylvania County as part of the chamber’s new entrepreneurship competition. Called Rev Up Danville Pittsylvania, the entrepreneurship pitch competition was based on the River District Association’s Dream […]

Richmond Raceway aerial view. Photo courtesy NASCAR/Richmond Raceway
Apr 21, 2021

Amazon to create 1,000 jobs with Henrico fulfillment center

Amazon.com Inc. plans to build a multistory, 650,000-square-foot facility robotics fulfillment center at Richmond Raceway in Henrico County, creating 1,000 jobs, Virginia Gov. Ralph Northam announced Wednesday. The center, which will be built on 119 acres of ancillary land used for overflow parking by the raceway, is expected to[...]

Apr 20, 2021

$59.6M hydroponic operation coming to Va. Beach

Agriculture startup Sunny Farms LLC plans to build a $59.6 million, 32-acre hydroponic operation in Virginia Beach — creating 155 jobs and one of the largest greenhouses on the East Coast, Virginia Gov. Ralph Northam announced Tuesday. The facility, which will cover 1.2 million square feet when completed in three years, will be located at […]

Apr 20, 2021

Biotech firm moving to new Richmond location, creating 250 jobs

Grenova Inc., a Richmond-based sustainable biotech company, plans to move to a larger facility in the city, investing $10.6 million and creating 250 jobs over the next three years, Gov. Ralph Northam announced Tuesday. The company is currently located in the Manchester neighborhood but will move to a larger facility across from The Diamond baseball […]

Apr 16, 2021

Staunton manufacturer to expand, create 31 jobs

Ryzing Technologies LLC, a designer and manufacturer of textile-based engineering solutions, will expand its facility in Staunton, creating 31 jobs, according to an announcement Friday from Virginia Gov. Ralph Northam. Ryzing is investing $149,000 in the expansion of the facility, which specializes in engineered textiles, rigid inflatable structures, and rapid prototyping. Its  customer base includes […][...]

Apr 15, 2021

VEDP, Martinsville receive $3.9M in federal grants

The city of Martinsville and the Virginia Economic Development Partnership have been awarded $3.9 million in federal CARES Act grants to boost economic development during the downturn related to the COVID-19 pandemic, the U.S. Department of Commerce announced Thursday. Martinsville will receive a $3 million grant from the Commerce Department’s Economic Development Administration to expand […][...]

Apr 15, 2021

Tazewell metal manufacturer to create 40 jobs in expansion

No comment yet from Ozzy Osbourne or AC/DC, but Tazewell County-based heavy metal manufacturer Lawrence Brothers Inc. is set to expand, creating 40 jobs with a $3.2 million investment, the governor’s office announced Thursday. The family-owned company plans to upgrade and modernize its equipment at the Lawrence Road facili[...]

Apr 14, 2021

Rockingham County produce stand expands to 27-acre facility

Mount Crawford-based Overlook Produce and Farm Adventures will invest more than $850,000 to construct a produce packing facility and retail market pavilion on a 27-acre site in Rockingham County, according to an announcement Wednesday from Virginia Gov. Ralph Northam. Located off Interstate 81’s Exit 240, the facility will replace Overlook Produce’s roadside produce stand and […]

Apr 14, 2021

Economic development consultancy taps Roanoke partner

Longtime economic development executive John J. Smolak has joined Sanford Holshouser Economic Development Consulting (SHEDC) as a partner, the Raleigh, North Carolina-based consultancy announced this week. Smolak, who will be based in Roanoke, worked for 25 years with Appalachian Power. He’s well known in the Southwest Virginia region, where he will help the firm expand, […]

Apr 13, 2021

International logistics company announces $61M Norfolk expansion

Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company, plans to expand its operation in Norfolk, investing $61 million and creating 35 jobs, the governor’s office announced Tuesday. A subsidiary of Belgian logistics service provider Katoen Natie, the Norfolk company was established in 2011 at the former Ford Motor Co. assembly plant […]

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