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Henrico County manufacturer purchases North Dakota company
Henrico County-based manufacturer Alchemco recently acquired a North Dakota waterproofing technology company, TechCrete LLC, in a move expected to create 15 to 20 jobs, according to Alchemco. Terms of the transaction were not disclosed, but Alchemco, which produces products to clean, repair and waterproof concrete and masonry, e[...]
Morgan Olson training program set to start in March
The Virginia Talent Accelerator Program, launched last fall by the Virginia Economic Development Partnership, is set to begin its first big project in March, training an estimated 703 people to work at Morgan Olson LLC’s new plant in the Danville area at no cost to the employer. Many will train in classrooms and the welding [&[...]
Mack Trucks plant in Roanoke County to create 250 jobs
Gov. Ralph Northam announced Thursday that Mack Trucks will create 250 jobs at a Roanoke County facility building a new line of medium-duty trucks. The company, part of the Volvo Group, plans to invest $13 million in the project, according to state and county officials. The plant, to be known as Mack’s Roanoke Valley Operations […]
Blue Ridge Designs LLC invests $2M to expand Southwest Va. operations
Carroll County-based screen-printed apparel manufacturer Blue Ridge Designs LLC will invest $2.28 million to expand its operations, creating 118 jobs, Gov. Ralph Northam announced Wednesday. Blue Ridge Designs was established in January 2019 and manufactures screen-printed apparel with watercolor ink. Since January 2019, the company has purchased six presses and three dryers, hired 80 employees […][...]
Could Democratic General Assembly repeal Va.’s right-to-work laws?
Buoyed by the Virginia legislature’s new Democratic majority, bills to repeal Virginia’s right-to-work laws have the greatest chance of making it to the governor’s desk in a generation, predict political scientists. “I think it absolutely will [get repealed], but it will be a big fight,” says Elsie Harper-Anderson, dir[...]
Cybersecurity firm Expel adding 164 jobs in Fairfax
Expel Inc., a managed cybersecurity provider, is investing $1.4 million to expand its Herndon headquarters, creating 164 jobs in engineering, customer experience, IT, marketing and sales during the next three years. “Virginia has emerged as a national leader in cybersecurity and continues to be at the forefront of workforce development in this rapidly evolving industry, […]
Richmond-based investment nonprofit to manage $33M guarantee pool
Richmond-based LOCUS Impact Investing, a subsidiary of Virginia Community Capital, will manage a newly formed $33.1 million national guarantee pool to encourage community development, according to a press release Tuesday. The Community Investment Guarantee Pool has $33.1 million in unfunded guarantee commitments from the endowments of 10 philanthropic organizations, which help mitigate investment risks. The […][...]
Medical manufacturer bringing 40 jobs to city of Franklin
A New York-based manufacturer of medical products is coming to the city of Franklin’s Pretlow Industrial Park, bringing 40 jobs and $10.5 million in investment, Gov. Ralph Northam announced Monday. GMAX Industries Inc., which produces disposable medical products for health care providers and components for other medical manufacturers, will create a manufacturing and distribution site […]
State announces $18.3M in broadband grants
The Virginia Telecommunication Initiative (VATI) will award more than $18.3 million in grants to 12 broadband expansion projects in the state, mainly in rural areas, Gov. Ralph Northam announced Wednesday. The grants are expected to connect about 36,000 households, according to a press release. The governor’s proposed 2020-21 budget adds $16 million to the $19 […]
Here’s the tea: Traditional Medicinals to invest $29.7M in Franklin County
Rohnert Park, California-based wellness tea company Traditional Medicinals Inc. will invest $29.7 million to establish its East Coast operation, an herbal tea manufacturing and processing plant, in Franklin County’s Summit View Business Park, creating 56 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 125,000-square-foot facility for production of its organic and herbal […][...]
Pennsylvania warehousing company invests $12M in Pulaski County operation
Milton, Pennsylvania-based warehousing company The Patton Logistics Group will invest $12 million to establish a logistics and warehousing operation in the New River Valley Commerce Park in Pulaski County, creating 33 jobs, Gov. Ralph Northam announced Tuesday. Virginia competed with North Carolina for the project, which will create a hub for motor carrier freight services […]
Pamunkey Tribe proposes $350M casino in Richmond
Updated at 4 p.m. Friday The Pamunkey Indian Tribe has proposed a $350 million, 275-room resort hotel and casino in Richmond, the tribe announced Friday as the Virginia House of Delegates considers legislation to allow the Pamunkey to pursue commercial gaming in Norfolk and Richmond. The resort will include a four-diamond hotel [...]
