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Va. Lottery Board advances Portsmouth casino
The city of Portsmouth announced Wednesday that its preferred casino gaming partner, Chicago-based Rush Street Gaming, has been pre-certified by the Virginia Lottery Board to operate a Virginia casino. The pre-certification is necessary to move forward with a local gaming referendum in November. “We are grateful for the Lottery Board’s diligence on this matter and […]
Bausch + Lomb to expand, create 79 jobs in Lynchburg
Bausch + Lomb plans to invest more than $35 million to expand its contact lens products manufacturing facility in Lynchburg, creating 79 jobs over the next five years, Gov. Ralph Northam announced Wednesday. The new plant, which will be on 13.1 acres across from its existing facility on Graves Mill Road, will be the main […]
UPDATED: Nearly 110K Virginia businesses received PPP funds
The U.S. Small Business Administration has released a list of major recipients of its $659 billion Paycheck Protection Program small business relief program, with exact loan amounts redacted. Of the nearly 110,000 small businesses that received funding in Virginia (including Virginia Business Media LLC), approximately 16,100 businesses in Virginia were named on the list of […]
Charlottesville Chamber hires Defense Affairs Committee program lead
The Charlottesville Regional Chamber of Commerce announced Monday it has hired retired Col. Lettie J. Bien as the inaugural program coordinator for the chamber’s Defense Affairs Committee (DAC), which serves as an intermediary information-sharing organization for veterans, academics and industry workers. A retired U.S. A[...]
300+ Alexandria small businesses receive COVID-19 funding
More than 300 small businesses in Alexandria were funded by the Alexandria Back to Business (ALX B2B) grants program in the wake of the COVID-19 crisis, the Alexandria Economic Development Partnership (AEDP) announced Thursday. In May, Alexandria City Council committed $2.4 million from its federal CARES Act appropriations, and allocated an additional $2 million from […]
Fleetwood Homes launching $2.1M expansion in Rocky Mount
Homebuilding company Fleetwood Homes will invest $2.1 million to renovate and expand its Rocky Mount facility, creating 60 jobs in Franklin County, Gov. Ralph Northam announced Thursday. “Fleetwood Homes has been a valued employer in Virginia more than 50 years, and we are proud to see the company reinvest in Franklin County,” Northam said in […]
With late start, Loudoun United shifts its goals
This was supposed to be a big year for soccer in Loudoun County, but like other businesses, Loudoun United FC has needed to adjust its expectations. In late May, the minor league team’s parent company asked the county’s board for deferrals on rent payments for its $25.6 million Segra Field stadium and training center[...]
Firing up Fairfax
By the numbers, Fairfax County should be the envy of every locality. As the headquarters for 11 Fortune 500 companies, the county is home to a large concentration of educated, high-income earners and boasts one of the biggest suburban office markets in the country, second only to Los Angeles. Two years ago, data from the [&helli[...]
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[...]
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. […][...]
