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Industries

Aug 23, 2022

Hanover County business center sells for $41M

Baltimore-based Merritt Properties announced Tuesday it has purchased Crescent Business Center in Ashland from Crescent Business Center LC, a Thalhimer Realty Partners Inc. development, for $41.3 million. The Hanover County business center includes five industrial buildings with 262,256 square feet of space on 20 acres and are 1[...]

Aug 23, 2022

Coronado announces $169M coal mining expansion

Coronado Global Resources Inc., an Australian producer of metallurgical coal, will invest $169.1 million to expand coal mining operations at its Buchanan Mine Complex, located about 10 miles southeast of Grundy in Buchanan County. The expansion will see the mining operation add 181 jobs, bringing its total workers at the site to 781, Virginia Gov. […]

Aug 22, 2022

Lease signed for Fairwinds Landing in Norfolk

The ball has started rolling on the $100 million project turning the Lambert’s Point Docks property in Norfolk into Fairwinds Landing, a maritime operations and logistics center to support the local offshore wind, defense and transportation industries. The Miller Group signed a lease for the 122-acre site owned by Norfol[...]

Aug 22, 2022

Va. layoffs and discharges down in June

Virginia companies put the brakes on layoffs in June, even as workers continued to seek new opportunities, refueling the Great Resignation. Virginia had 28,000 layoffs and discharges in June, a decrease of 13,000 from May, according to U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) data rel[...]

Aug 22, 2022

Mary Baldwin University president to retire

Mary Baldwin University President Pamela R. Fox will retire from the school in June 2023 after two decades, the university announced Monday. Fox announced her retirement during the school’s state of the university address. Her tenure, as the ninth president, is the longest in Mary Baldwin’s history since it became a [...]

Aug 22, 2022

BWX Technologies hires new chief admin officer

Lynchburg-based BWX Technologies Inc. has hired Robert “Bob” Duffy as its senior vice president and chief administrative officer, the nuclear components and fuel supplier announced Monday. He starts Aug. 29. Duffy will take the place of Rick Loving, BWXT’s current chief administrative officer, who announced his[...]

Aug 19, 2022

Va. hotel revenues up slightly over 2019

Northern Virginia’s hotel market continues to be a drag on the lodging industry’s performance in the commonwealth as a whole, according to recently released data from STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. The latest data show rooms sold decreased by 4.6%[...]

University of Virginia Rotunda and Lawn. Photo courtesy University of Virginia
Aug 19, 2022

U.Va. program guarantees job interviews for certificate students

The University of Virginia is partnering with companies to guarantee job interviews for some certificate students. The program comes from an agreement between U.Va’s School of Continuing and Professional Studies, which offers part-time, online programs, and various employers. It is designed to improve the workforce pipelin[...]

Aug 19, 2022

Outgoing chamber leaders honored by state association

The Virginia Association of Chamber of Commerce Executives has honored two retiring leaders with lifetime achievement awards. Prince William Chamber of Commerce President and CEO Debbie Jones and Roanoke Regional Chamber of Commerce President and CEO Joyce Waugh received the awards during the VACCE’s 2022 executive leaders[...]

Aug 18, 2022

Rolls-Royce wins $1B Navy contract

Reston-based Rolls-Royce North America has received a contract totaling more than $1 billion to support the engines that power the Navy’s fleet of T-45 Goshawk training jets. The Pentagon announced the award Thursday, naming Indianapolis-based Rolls-Royce Corp. as the recipient. Rolls-Royce Corp. falls under the British ae[...]

Aug 18, 2022

Torc Robotics names new CEO

Blacksburg-based self-driving truck company Torc Robotics has named Peter Vaughan Schmidt its next CEO, the Daimler Truck AG subsidiary announced Thursday. Currently head of Daimler Truck’s Autonomous Technology Group, Schmidt will take on his new role Oct. 1 and succeeds Michael Fleming. The company produces software for [...]

Aug 18, 2022

TowneBank to acquire Farmers Bank

Suffolk-based TowneBank has agreed to acquire Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, the two companies announced Thursday. The deal is expected to close early next year. The $56 million deal, which would create a combined company worth $17.5 billion in total assets, loans of $10.9 bill[...]

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