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Subsea cable country
The scheduled 2020 arrival in Henrico County of a third connection to ultra-high-speed internet subsea cables should give the Richmond region bragging rights as a destination for data centers. In other words, it makes Central Virginia an alternative to Loudoun County, where 70% of all internet traffic flows but lacks a direct li[...]
Where the action is
In the wake of Amazon.com Inc.’s late 2018 announcement that its $2.5 billion HQ2 East Coast headquarters would locate in Arlington County, there’s been a game of musical chairs taking place among Northern Virginia’s economic development offices. Last July, Victor Hoskins, Arlington’s economic development director, left [...]
The arena of politics
A historic vote on the biggest economic development proposal in the city of Richmond’s history — the potentially transformative $1.5 billion Navy Hill downtown redevelopment plan that would have included the state’s largest entertainment venue — collapsed in mid-February amid sound and fury as seven of Richmond City Coun[...]
A multifaceted strategy
Catching the big one matters, but a lot of little successes can mean a lot, too. In Southwest Virginia, small triumphs have accumulated over the past year, in addition to larger announcements. Last April, Polycap LLC, a Toronto-based manufacturer of specialty caps and closures, announced it would invest $7.7 million in Lebanon[...]
Maximum impact
When President Donald Trump stepped onstage at a General Dynamics Corp.-run factory last spring, an American flag and four M1 Abrams battle tanks served as his backdrop. “God Bless the U.S.A.” by Lee Greenwood played. Employees of the Lima, Ohio, plant chanted, “USA, USA!” and Trump smiled. “Well, you better love me,�[...]
Amazon to open fulfillment center in Prince George County
Seattle-based Amazon.com Inc. — which is building its $2.5 billion HQ2 East Coast headquarters in Arlington — will open a fulfillment center for its AmazonBasics line in Prince George County by the end of the year, creating 150 jobs, Gov. Ralph Northam announced Wednesday. The fulfillment center will open in the former 798[...]
Arlington cybersecurity firm to move headquarters to Stafford County
Arlington-based cybersecurity engineering and consulting firm GRIMM (SMFS Inc.) will invest $435,000 to establish its corporate headquarters in Stafford County, Gov. Ralph Northam announced Thursday. The expansion is expected to create 23 jobs. GRIMM provides products and services including cybersecurity tools, sensors, analytics, frameworks, automated testing and consulting. “Strong cybersecurity defenses are increasingly important[...]
Richmond’s $1.5B Navy Hill project is dead
Richmond City Council on Monday formally killed the $1.5 billion Navy Hill proposal, with seven of nine members voting to strike several elements of the plan from the council’s consent agenda. After the vote, council members passed a resolution that Richmond Mayor Levar Stoney start over with a request for proposals to develop[...]
VCU Health proposes medical complex as part of Navy Hill project
The $1.5 billion Navy Hill project — as proposed — may be killed next Monday by Richmond City Council, but that hasn’t stopped Virginia Commonwealth University and other heavy hitters from making economic development announcements in an effort to salvage the controversial project. VCU Health System announced Tuesday that i[...]
Custom Truck One Source adding 61 jobs in Bedford County
Custom Truck One Source will expand its manufacturing business in Bedford County, investing $2.6 million and creating 61 jobs, Gov. Ralph Northam announced Tuesday. The Kansas City, Missouri-based company plans to double production at its specialized truck and heavy equipment plant in Bedford’s Forest area to meet growing demand. “Custom Truck One Source has been […]
International olive oil manufacturer to invest $11M for Suffolk production operation
International olive oil manufacturer Acesur USA LLC will invest $11 million to establish its first U.S. production operation in Suffolk, creating 29 jobs, Gov. Ralph Northam announced Monday. Acesur was established in 1840 and produces, packages and markets olive oil. It exports to more than 90 countries and has established brands in the U.S. including […]
Packaging company set to invest $6.5M in Henrico County plant
Austin, Texas-based packaging manufacturer ePac Flexible Packaging will invest $6.5 million to establish a manufacturing facility in Henrico County, creating 35 jobs, Gov. Ralph Northam announced Monday. ePac Flexible Packaging was founded in 2016 and produces finished pouches and rollstock. The manufacturer invested $100 million last November in HP Indigo 20000, a commercial digital printing […][...]
