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Caesars runs the table in Danville
After competing with several other major players, Caesars Entertainment Corp. is planning a $400 million casino in Danville’s Schoolfield neighborhood. In early June, City Council approved the Las Vegas-based company as its preferred casino operator, and the Virginia Lottery is expected to rule on the case by mid-July. The nex[...]
Pulaski company aims for pollution revolution
Pulaski-based MOVA Technologies is poised to go commercial with a system that removes coal ash and other chemical pollutants from the air — extracting chemicals that can be recycled and sold for industrial use. Named Project Revolution, the panel-bed filtration system absorbs fly ash particles, nitrogen oxide, sulfur oxide and[...]
For the Record — July 2020
EASTERN VIRGINIA Armada Hoffler Properties Inc., the Virginia Beach-based commercial developer and property owner, announced in early April that a $106.5 million deal to sell seven of its grocery-anchored shopping centers had fallen through because of the coronavirus pandemic. However, in early June, the deal was back on, this time for $90 million. The buyer […]
Northam recommends $4.2M in funding for SWVA projects
Gov. Ralph Northam on Tuesday recommended that more than $4.2 million in Appalachian Regional Commission (ARC) grants be distributed among 17 economic development projects in Southwest Virginia. ARC grants can be used toward infrastructure, entrepreneurship development and workforce development. Northam’s recommended allocations must be approved by the federal commission before being awarded later this year. […][...]
Hershey announces $135M Augusta County expansion
The Hershey Co. will invest $135 million to expand its manufacturing operation in Augusta County, Gov. Ralph Northam announced Tuesday. The 90,000-square-foot expansion of the Stuarts Draft facility will create 110 jobs. Hershey Chocolate of Virginia Inc. has operated in Augusta County for more than 30 years, employing more than[...]
United Way of Greater Charlottesville teams up with Va. 30 Day Fund
The United Way of Greater Charlottesville announced Monday it has partnered with the Virginia 30 Day Fund with a goal to disburse $100,000 in funding to local early education centers, family day homes and minority-owned businesses facing financial challenges due to COVID-19. The United Way has made an initial $24,000 seed grant [...]
Lumber company to invest $11M in Caroline County
Gatesville, North Carolina-based lumber company Ashton Lewis Lumber Co. will invest $11 million to establish a specialty Southern yellow pine sawmill in Ruther Glen (part of Caroline County), Gov. Ralph Northam announced Friday. The company has also committed to sourcing 90% of its pine lumber purchases from Virginia forestland owners as part of the investment. […]
‘Our chance to restart and reinvent’
As part of its COVID-19 economic recovery initiative Project Rebound, the Charlottesville Regional Chamber of Commerce on Thursday released a blueprint outlining recovery action steps for the business community. Produced by Big Four accounting firm KPMG LLP, the “Blueprint for Economic Resiliency and Reinvention in the Great[...]
Loudoun County funds 400 additional small businesses
Loudoun County Economic Development on Tuesday randomly selected 400 local small businesses to each receive $5,000 COVID-19 Business Interruption Fund grants, totaling $2 million. The funding was allocated from the $36.1 million in federal funding to Loudoun County from the Coronavirus Aid, Relief and Economic Security (CARES) A[...]
S.C. manufacturer relocating to Grayson County
Metalworx Inc., a manufacturer of highly-engineered and precision-manufactured components, assemblies and products for industrial uses, is investing $7.6 million to relocate its headquarters and manufacturing operations from South Carolina to the former Core Fitness Complex in Grayson County, Virginia Gov. Ralph Northam announced Wednesday. Virginia competed with North Carolina for the project, which will create […][...]
Danville Pittsylvania County Chamber to move Sept. 1
The Danville Pittsylvania County Chamber of Commerce announced Tuesday that it will move to leased space within the Institute for Advanced Learning and Research (IALR) in Danville as of Sept. 1. The Chamber has been located in Blairs since 2005, when the Pittsylvania County Chamber of Commerce and the Danville Area Chamber of Commerce merged. […]
Henry County manufacturer announces $6.9M expansion
Henry County-based manufacturing company Drake Extrusion Inc. will invest $6.9 million to expand its operations, Gov. Ralph Northam announced Monday. Drake Extrusion, a subsidiary of Sweden-based filament yarn and staple fiber manufacturer Duroc AB, plans to build an additional manufacturing facility in a vacant 120,000-square-foot building on Industrial Park Drive. The expansion will create 30 […][...]
