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Economic Development

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 […]

Apr 8, 2021

German auto parts maker to build $38M Wythe County factory

German auto parts manufacturer STS Group AG will invest $39 million to establish its first U.S. manufacturing operation in Wythe County’s Progress Park industrial park, creating 120 jobs, Virginia Gov. Ralph Northam announced Thursday. Located near Wytheville, the new facility, operating as a subsidiary of STS Group North America, will supply Volvo Trucks in Pulaski […]

Apr 8, 2021

Telecom company SES building $17M facility in Prince William

Luxembourg-based telecommunications company SES will invest $17 million in a new U.S. hub facility in Prince William County facility where it will merge its satellite and network operations, Virginia Gov. Ralph Northam announced Thursday. The facility is expected to create up to 200 net jobs by 2026. “In consolidating our local SES satellite and network […]

Oransi manufacturing site in Radford. Photo courtesy Onward New River Valley
Apr 7, 2021

N.C. air purifier manufacturer will build $5.6M plant in Radford

Oransi, a Raleigh, North Carolina-based manufacturer of air purifiers, will invest $5.6 million to establish a manufacturing facility in Radford, creating 101 jobs, according to an announcement Wednesday from Virginia Gov. Ralph Northam. “Oransi is very pleased to establish its first manufacturing facility in the city of R[...]

A Carvana inspection center in Phoenix. Photo courtesy Carvana
Apr 6, 2021

Carvana proceeds with $25M Chesterfield facility

After putting its plans in neutral, online used car retailer Carvana announced Tuesday that it plans to break ground this quarter on a $25 million, 191,000-square-foot vehicle inspection and reconditioning facility in Chesterfield County. The project could bring more than 400 jobs to the county, economic development officials sa[...]

Aerial view of proposed Rivana at Innovation Station development. Rendering courtesy Loudoun Economic Development
Mar 31, 2021

Loudoun announces major mixed-use development along Silver Line

Loudoun Economic Development unveiled plans Wednesday for Rivana at Innovation Station, a 4.4 million-square-foot mixed-use development adjacent to Metro’s Silver Line extension on a site Loudoun once proposed for Amazon.com Inc.’s HQ2 East Coast headquarters. Rivana is the first phase of Innovation Station, a 103-ac[...]

Jared Chalk, Norfolk economic development director, says Military Circle is a top redevelopment site for the mid-Atlantic region. Photo by Mark Rhodes
Mar 30, 2021

Military Circle redevelopment could include arena

Four groups — including mid-Atlantic developers, entertainment and sports figures, concert promoters and arena operators — are competing for a chance to redevelop Norfolk’s aging Military Circle Mall into a mixed-use community. Overhauling the struggling mall has long been on the city’s to-do list, but the projec[...]

Danville developer Jason Wilson plans to refurbish a nearly century-old apartment building that’s currently uninhabitable. Photo by Hannah King
Mar 30, 2021

Developments perk up Danville

Danville City Council members faced a dilemma three years ago. Council members could pay up to $185,000 to demolish a crumbling stucco apartment building on Jefferson Avenue, or they could spend $75,000 in matching funds to augment a $125,000 grant from the Virginia Housing Development Authority to stabilize the property, which [...]

Mar 30, 2021

Richmond supports restaurants with ‘Picnic in a Parklet’

Two Richmond restaurants will see their on-street parking lanes become outdoor dining areas this week to serve customers, spark business and encourage safer and socially distanced spaces. The dining areas are part Richmond city government’s “Picnic in a Parklet” pilot program, a partnership between the city and downtown booster Venture Richmond, according to a March […]

Mar 29, 2021

Pittsylvania truck sales company plans $5.2M expansion

Chatham-based J&J Truck Sales Inc. will build a 45,000-square-foot facility off U.S. Highway 29 in Pittsylvania County, Gov. Ralph Northam announced Monday. The $5.2 million project, adjacent to the company’s existing operation, is expected to create 27 jobs and increase its ability to repair, refurbish and fabricate automotive-based equipment. Virginia beat South Carolina for the […][...]

Mar 29, 2021

Super Radiator Coils announces $9M expansion in Chesterfield

Super Radiator Coils will hold a shovel ceremony April 12 to mark the third expansion of its manufacturing facility in northern Chesterfield County — a $9 million project that will add 56,000 square feet and up to 50 jobs, according to a company announcement Monday. The company employs around 210 people at its plant on [&helli[...]

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