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Economic Development

Gov. Glenn Youngkin presented Kathy Warden, Northrop Grumman's chair, CEO and president, with a Virginia flag. Official Photo by Christian Martinez, Office of Governor Glenn Youngkin.
Feb 2, 2024

Northrop Grumman breaks ground on $200M Waynesboro facility

Falls Church-based Fortune 500 defense contractor Northrop Grumman broke ground Friday on its $200 million-plus facility in Waynesboro. Gov. Glenn Youngkin announced the planned facility, which will hold advanced electronics manufacturing and testing, in November 2023. Northrop Grumman anticipates creating an estimated 300 jobs [...]

Jan 30, 2024

Seeing the sites

Despite boasting a world-class port, a highly skilled workforce and easily accessible transportation infrastructures, Hampton Roads perennially comes away empty-handed in attracting large-scale industrial developments. Chalk it up to the region’s lack of shovel-ready sites, a situation that state and local economic development[...]

An illustration of a planned layout for the 400-acre Data Center Ridge development in Wise County
Jan 26, 2024

5 SWVA projects recommended for $9.5M in federal grants

Five Southwest Virginia economic development projects have been recommended to receive a cumulative $9.35 million in federal Abandoned Mine Land Economic Revitalization (AMLER) grants, Virginia Gov. Glenn Youngkin and U.S. Rep. Morgan Griffith announced Thursday. The projects are on sites where coal was mined before 1977. Fundin[...]

Jan 11, 2024

Chemical producer plans $193M Suffolk expansion

Wilmington, Delaware-based Solenis, a producer of specialty chemicals for water-intensive industries, plans to invest $193 million to expand its Suffolk facility, creating 34 jobs, Gov. Glenn Youngkin announced Thursday. Solenis plans to build an 80,000-square-foot production facility, packaging facility, a tank farm and add a n[...]

Jan 3, 2024

Trucking company plans $50M facility in Botetourt

Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced Wednesday. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operations[...]

Dec 28, 2023

Va. economic developers group elects new leaders

The Virginia Beach-based Virginia Economic Developers Association announced its new slate of officers and directors Tuesday.  Linda Green, the Danville-based Institute for Advanced Learning and Research’s vice president of economic development, as well as executive director of the Southern Virginia Regional Alliance, will ser[...]

Dec 28, 2023

Meat processor to build $1.7M Prince Edward facility

A halal meat business, 5 Pillar Meats, will invest more than $1.7 million to build an abattoir and red meat processing facility in Prince Edward County, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Thursday. The new building, which will be located on a 3-acre site in the Prince Edward County Business […]

Dec 28, 2023

Russell County farm to invest $1M in expanded manufacturing

Goat milk products maker Bates Family Farm will invest roughly $1 million to relocate its manufacturing facility to a Russell County-owned building in Lebanon, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Wednesday. “We’re creating agriculture-based jobs and selling Virginia-made products,” Bates Family Farm co-founder and CEO Joseph “Joe” Bates said. The […][...]

Dec 21, 2023

Wholesale electrical distributor plans Va. expansion

Cooperative Electric Energy Utility Supply (CEEUS), a South Carolina-based electrical distributor that serves cooperatives, municipals and investor-owned utilities, plans to invest $37 million into a new 187,000-square-foot warehouse and distribution facility in Hanover County, creating 30 jobs, Gov. Glenn Youngkin announced Thu[...]

Dec 14, 2023

Framatome plans $49.4M expansion, creating 515 jobs

Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and de[...]

Dec 13, 2023

Wizards, Capitals plan move to Alexandria in $2B deal

The Washington Capitals and Washington Wizards are planning a move across the Potomac River to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced early Wednesday. The nonbinding agreement to build a new arena for t[...]

GO Virginia divides the state into nine regions. Image from a Joint Legislative Audit and Review Commission presentation.
Dec 11, 2023

JLARC: GO Virginia’s economic impact positive but undefined

The state’s GO Virginia economic development initiative is likely improving regional collaboration and having positive economic impacts, but those can’t be reliably determined, according to a Joint Legislative Audit and Review Commission report presented Monday. In 2022, JLARC directed staff to review GO Virginia, which [...]

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