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Economic Development

Dec 29, 2020

The VirginiaBusiness.com Top Five

The top trending stories on VirginiaBusiness.com from Nov. 16 to Dec. 15 included the news that Gov. Ralph Northam was ordering new restrictions based on post-Thanksgiving surges in coronavirus cases. Wise County is first to receive Starlink internet in Va. The pilot program from Elon Musk’s SpaceX will provide broadband via l[...]

Mike Davidson was appointed as interim executive director for the Halifax County Industrial Development Authority.
Dec 29, 2020

Amid leadership shuffle, Halifax sees silver lining

The Halifax County Industrial Development Authority has seen some upheaval recently, but officials say there are several projects in the pipeline as well as a new shell building ready to be occupied. In October 2020, IDA executive director Brian Brown was fired after being hired a little more than a year ago, a move that [&helli[...]

Casino timeline graphic courtesy of the Office of Mayor Levar M. Stoney.
Dec 28, 2020

Richmond city government solicits proposals for resort casino

Richmond has issued a request for qualifications/proposals, the first step in launching a competitive process for bringing a resort casino to the state capital, subject to voter approval. Earlier this year, Gov. Ralph Northam signed legislation allowing five economically challenged cities — including Richmond — to open casin[...]

Dec 23, 2020

GO Virginia allocates $6M in two sets of grants

Eleven projects will receive $6 million in GO Virginia grants, Gov. Ralph Northam announced Wednesday. The funds are broken into two allocations: statewide and regional business growth programs, and the Economic Resilience and Recovery Program created to help mitigate the economic impact of COVID-19. The first group of recipients include two statewide and six regional […]

Buena Vista buildings bought by Roanoke developer Ed Walker went to auction in late October.
Dec 23, 2020

$90K in business grants go to Buena Vista, Blackstone

Gov. Ralph Northam announced Wednesday that $90,000 in Community Business Launch (CBL) grants, which provide business plan competition funding, will go to the town of Blackstone in Nottoway County and the city of Buena Vista. CBL funding also offers training for entrepreneurs focused on regional economic development. “This pub[...]

Steve Harrison
Dec 23, 2020

Virginia Economic Developers Association announces 2021 officers

The Virginia Economic Developers Association (VEDA) announced Wednesday its elected 2021 officers, including a new president, vice president, treasurer and secretary. The VEDA is a member-based association that works to provide professional services for economic development in Virginia. Founded in 1982, it offers training and ne[...]

Dec 21, 2020

Pandemic brings end to decade of job gains

The public health crisis brought an unanticipated end to 11 straight quarters of economic growth and nearly a decade of job gains in Virginia, according to Old Dominion University’s 2020 State of the Commonwealth Report, released on Dec. 20 by ODU’s Dragas Center for Economic Analysis and Policy. “The COVID-19 pandemic has dramatically affected how […]

Dec 16, 2020

Renovation of Amazon office building completed in Arlington

A newly renovated 14-story office building in National Landing is ready for Amazon.com Inc. employees to move in, developer JBG Smith announced Wednesday. The revamp of the 273,000-square-foot space at 1770 Crystal Drive, which is mostly leased by the e-tail giant, was finished two quarters early and under its $80 million propos[...]

Dec 15, 2020

DHL Supply Chain to create 577 jobs in Stafford County

DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with […][...]

Dec 10, 2020

eHealth Technologies creating 160 jobs in Scott County

eHealth Technologies Inc., a provider of medical record and image retrieval and clinical intelligence services, is investing $375,000 to establish a customer support center in Scott County that will create 160 jobs, Virginia Gov. Ralph Northam announced Thursday. Based in Rochester, New York, eHealth Technologies is a wholly owned subsidiary of Fairfax County-based private equity […]

Amazon Fulfillment Center photo by Mark Rhodes.
Dec 8, 2020

Amazon now a top 10 employer in three NoVa counties

Amazon.com Inc. became one of the top 10 employers in three Northern Virginia counties in 2020, according to fiscal year financial reports in Arlington, Fairfax and Loudoun. In Fairfax, the e-tail giant ranks seventh among top principal employers, making up 1.17% of all county employees, which number between 5,000 and 9,999. In [...]

Dec 8, 2020

Unmanned aircraft company creating 249 jobs in Warren County

Silent Falcon UAS, an unmanned aircraft systems service provider and equipment manufacturer, will invest $6 million to locate its new East Coast headquarters for research development and manufacturing at the Front Royal-Warren County Airport, creating 249 jobs, Gov. Ralph Northam announced Tuesday. Founded in Albuquerque, New Mexico, Silent Falcon UAS manufactures patent-pending unmanned aircraft systems […][...]

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