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Economic Development

Feb 28, 2024

Old Dominion, new data

As available land for data centers in Loudoun County — home to Data Center Alley, the world’s largest concentration of data centers — has become scarcer and more expensive, the industry has expanded into other Northern Virginia localities and beyond. In Virginia, Prince William County has become the other heat map for the [...]

Feb 28, 2024

Coworking spaces 2024

This photo released by the National Transportation Safety Board shows a gaping hole where the paneled-over door had been at the fuselage plug area of Alaska Airlines Flight 1282 on Jan. 7 in Portland, Oregon.
Feb 28, 2024

Va.’s Largest Companies: Emergency landing

As the U.S. economy showed signs of unexpected strength and inflation slowed throughout 2023, most of Virginia’s largest publicly traded companies held their own, with some riding high. Reston-based General Dynamics saw its highest-ever quarterly revenue, while Performance Food Group, headquartered in Goochland County, made th[...]

Feb 28, 2024

Economic Development: Keep on keeping on

In 2023, Virginia racked up another year of economic development wins in the manufacturing sector. Meanwhile, Gov. Glenn Youngkin continued his push toward producing more shovel-ready industrial sites in the state, one of his key priorities since taking office in January 2022. In November 2023, the U.S. Department of Energy anno[...]

Rendering of the planned workforce and child care hub in Abingdon. Image courtesy United Way of Southwest Virginia
Feb 26, 2024

United Way of SWVA spins off workforce programs

The United Way of Southwest Virginia is spinning off its workforce development programs by establishing a new nonprofit, EO, to oversee them, UWSWVA announced Feb. 20. EO, which stands for Endless Opportunity, is also Latin for “go.” The new nonprofit will manage what has been the UWSWVA’s $10 million portfolio of [...]

Feb 22, 2024

Norfolk looks to renovate Scope, Chrysler Hall instead of building new arena

Norfolk no longer plans to build a new arena after Military Circle Mall is torn down, and instead is seriously considering renovating two city-owned venues downtown: the 53-year-old, 10,000-seat Scope Arena and the nearby 52-year-old Chrysler Hall, a 2,500-seat theater. “The participation of the public dollar that we would nee[...]

A rendering of WCS Logistics' second Frederick County facility, announced in February 2024. Image courtesy WCS Logistics
Feb 20, 2024

Logistics company expanding in Winchester

Third-party logistics warehousing provider WCS Logistics, a Winchester Cold Storage company, will invest $27 million to expand in Frederick County and create an estimated 15 jobs, Gov. Glenn Youngkin announced Tuesday. WCS Logistics will build an 83,000-square-foot cold storage facility with the capacity for more than 13,000 pal[...]

Feb 15, 2024

Lego delays Chesterfield production start to 2027

Lego Group will begin production at its $1 billion Chesterfield manufacturing facility in 2027, at least a year later than originally planned, the Danish toymaker announced Thursday.  The company also named Preben Elnef as project lead and Gray | Hourigan, a joint venture between Lexington, Kentucky-based Gray and Richmond-base[...]

Feb 13, 2024

Trident Systems to add 50 jobs in Fairfax

Fairfax-based aerospace defense contractor Trident Systems plans to invest $3.7 million in an expansion of its Fairfax County operation, creating about 50 jobs, Gov. Glenn Youngkin announced Tuesday. Trident Systems, which was acquired by Chantilly-based LightRidge Solutions in July 2023, produces space electronic systems for the Department of Defense, NASA and the intelligence community. The […][...]

Mack Trucks invested $13 million to start production on a new line of medium-duty trucks in Roanoke County last year, hiring 250 workers. Photo courtesy Mack Trucks Inc.
Feb 9, 2024

Mack Trucks will expand Roanoke County facility

North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current fa[...]

Feb 6, 2024

Va. Beach makes economic development head permanent

Charles E. “Chuck” Rigney Sr. has worked in economic development all over Hampton Roads; in Norfolk, Portsmouth and Hampton. Last February, he joined Virginia Beach’s economic development team as a business development administrator and since June 2023, he has been the department’s interim director. Now h[...]

Feb 5, 2024

Hampton Roads Exec Roundtable adds four board members

The newly formed Hampton Roads Executive Roundtable elected four new board members at its January meeting, the organization announced Monday. William “Bill” Murray, senior vice president of corporate affairs and communication for Richmond-based Dominion Energy; Towuanna Porter Brannon, president of Virginia Peninsula[...]

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