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Economic Development

Aug 12, 2020

Wythe County lumber company announces $2.4M expansion

Gov. Ralph Northam announced Wednesday that Wythe County-based Musser Lumber Co. Inc. will invest $2.4 million to expand its operations and increase 12 jobs — which, during the next three years, will lead to more than $8.5 million in forest product purchases. “Musser Lumber’s continued growth and success in Wythe County is a testament to […]

Aug 11, 2020

$17M greenhouse coming to Goochland County

Gov. Ralph Northam announced Tuesday that Greenswell Growers Inc. will invest more than $17 million to build a commercial hydroponic greenhouse in Goochland County, creating 27 jobs. “Greenswell Growers’ decision to establish a new greenhouse operation in Goochland County is a great win for the region and the commonwealth,” Secretary of Commerce and Trade Brian […]

Aug 11, 2020

State awards $278K to COVID-19 economic recovery projects

Gov. Ralph Northam announced Tuesday that the state has awarded $278,000 among 18 economic revitalization projects in Virginia as part of the state’s COVID-19 economic recovery plan. “Downtown districts are the lifeblood of our communities and our local economies and they need our support now more than ever,” Northam said in a statement. “Main Street […]

This rendering shows a view of the Virginia Tech Innovation Campus’ academic space, which will be located along Potomac Avenue in Alexandria. Rendering by SmithGroup, courtesy Virginia Tech
Jul 29, 2020

Tech talent factory

Lance R. Collins was hired to lead Virginia Tech’s $1 billion Innovation Campus in one world, but he begins work Aug. 1 in another. But the Innovation Campus’ new vice president and executive director sees the disruption fueled by the pandemic and recession as only sharpening the mission of Tech’s initiative to[...]

Tad Deriso, CEO and president of Mid-Atlantic Broadband Communities Corp., is bringing a tech hub to South Boston. Photo by Meridith De Avila Khan
Jul 29, 2020

Creating space for startups to bring products to fruition

South Boston’s town manager, Tom Raab, was elated when Mid-Atlantic Broadband Communities Corp. announced in early summer its plan for a Southern Virginia Tech Hub adjacent to its Southern Virginia Innovation Hub. “That’s big for South Boston and Halifax County,” Raab says. “The locations will have the fastest [...]

Arlington's leaders are seeking to make economic change equitable, says Libby Garvey, chair of the Arlington County Board of Supervisors. Photo by Stephen Gosling
Jul 29, 2020

The mouse that roars

Arlington County encompasses an area of just 26 square miles, making it geographically the smallest self-governing county in America. But in many ways, it is the mouse that roars. In November 2018, Arlington snagged the biggest economic prize in Virginia — and possibly U.S. — history when Amazon.com Inc. announced it would b[...]

Michelle Rogers. Photo courtesy Virginia’s Gateway Region
Jul 27, 2020

Virginia’s Gateway Region, Community College Workforce Alliance hire workforce development director

Virginia’s Gateway Region (VGR) and the Community College Workforce Alliance (CCWA) announced Monday that Michelle Rogers has been hired for the new joint position of director of workforce development, effective July 6. This is the first time that a regional economic development organization and a community college have pa[...]

Photo courtesy Mariners Landing Development Co. LLC
Jul 27, 2020

Mariners Landing has new owners

Smith Mountain Lake housing community Mariners Landing in Bedford County has new owners, Mariners Landing Development Co. LLC announced Thursday.  Waller S. Perrow III of Mariners Landing Development Co. LLC did not disclose financial terms for the May sale, saying it was contractually protected. Commercial real estate develope[...]

Sample image for destination marketing organizations to use for campaigns. Photo courtesy Virginia Tourism Corp.
Jul 22, 2020

Playing it safe

The Virginia Tourism Corp.’s DMO WanderLove Recovery Grant Program will award $866,000 in grants to 90 destination marketing organizations that were heavily impacted by the pandemic, Gov. Ralph Northam announced Wednesday.  Each recipient will receive a maximum grant of $10,000, which can be used for efforts including par[...]

Rendering courtesy the city of Portsmouth and Rush Street Gaming.
Jul 21, 2020

Portsmouth, Rush Street Gaming unveil casino renderings

After receiving pre-certification from the Virginia Lottery Board last week to operate a Virginia casino, Rush Street Gaming on Tuesday revealed more details about the proposed $300 million Rivers Casino Portsmouth, including the first renderings of the gaming, conference and hotel complex. The 400,000-square-foot Rivers Casino [...]

Jul 15, 2020

Fairfax adds $20M to small business relief fund

The Fairfax County Board of Supervisors announced Wednesday it has directed an additional $20 million in funding to its Fairfax Relief Initiative to Support Employers (RISE) relief program — bringing its total funding to $46 million aimed at helping small businesses and nonprofits during the pandemic. The funding comes from the federal Coronavirus Aid, Relief […]

Jul 15, 2020

Va. Beach manufacturing company investing $15.8M in expansion

Virginia Beach-based Acoustical Sheetmetal Co. (ASC) will invest $15.8 million to expand its operations, adding a 100,000- square-foot facility and creating 200 jobs, Gov. Ralph Northam announced Wednesday.  ASC manufactures sound-reducing and weather-protective enclosures for onsite power generation equipment, such as control rooms, house generators, pumps, compressors, switchgear and HVAC equipment.  “Advanced manufacturing contin[...]

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