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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[...]
Virginia ABC breaks ground on $91M HQ in Hanover County
Gov. Ralph Northam led a groundbreaking ceremony Tuesday for the Virginia Alcoholic Beverage Control Authority’s $91 million state headquarters complex in Hanover County, expected to open next year. Virginia ABC’s existing warehouse in Richmond is just more than 295,000 square feet, but is operating at 100% capacity [...]
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 […]
Richmond and Seattle moving companies merge
Richmond-based WayForth, a home moving management service, has merged with Seattle’s Livible, which provides on-demand moving and storage services. The merger of equals was announced Tuesday, and the combined companies will be known as WayForth Inc. and will have more than 400 employees. WayForth co-founder Craig Shealy remains CEO of the new business, and Livible […]
Richmond-based Atlantic Constructors Inc. names Evan Shriver as CEO
Richmond-based Atlantic Constructors Inc. (ACI) named Evan Shriver as its CEO, replacing founding CEO Art Hungerford, the company announced Monday. Hungerford will transition into the role of chairman. ACI is an industrial and commercial contractor with offices in Richmond, Newport News, Roanoke and Hampton Roads. The company em[...]
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 […][...]
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[...]
Boys & Girls Clubs of Metro Richmond purchases former shopping center for $1.025M
The Boys & Girls Clubs of Metro Richmond purchased the former Eastlawn Shopping Center in Richmond’s East End for $1.025 million and will convert it into a center for the clubs’ programming, the organization announced Monday. The youth nonprofit purchased the facility from the Richmond Redevelopment and Housing Authority in 2019 using funds from the […]
New GRTC chief sets Richmond transit priorities
After 25 years in the transportation industry, Julie Timm went back to school to get her MBA. “I wanted to understand the business world,” explains the new CEO of the Greater Richmond Transit Company (GRTC), the region’s municipal bus system. “Sometimes when transit people talk to our business partners, it’s like we’[...]
Casino operators go head-to-head in Bristol and Richmond
Casino operators are already maneuvering into position as they wait for state legislators to legalize gaming. The stakes are high, and in at least two regions multiple operators are competing to cash in. In Richmond, the Pamunkey Indian Tribe has announced a $350 million casino within city limits, while the Colonial Downs Group [...]
Richmond International Airport broke passenger record in 2019
Richmond International Airport (RIC) handled a record 4.3 million passengers in 2019 — a 7.4% bump from 12 months ago. In December 2019, RIC had a passenger traffic count of 381,767 — 12.7% more than December 2018. It was the 27th month in a row that the airport has reported record traffic. Southwest Airlines Co., […]
Richmond-based architecture firm launches new studio, names director
Richmond-based architecture firm Glavé & Holmes Architecture has named Susan Reed as the director of its new studio focused on historic preservation. With the addition of Reed’s studio, the firm now comprises seven studios and employs more than 70 people. Glavé & Holmes Architecture serves higher education inst[...]
