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Baking soda manufacturer to expand in Chesterfield
A New Jersey-based baking soda manufacturer is expanding its Chesterfield County operations — and it won’t require vinegar. Church & Dwight Company Inc. will invest $27 million to expand its Chesterfield County facility at 1851 Touchstone Drive to accommodate a new manufacturing line for a scent-boosting laundry detergent. The effort will create 53 jobs, Gov. […]
Under the radar
Considering that four of the world’s five largest defense contractors are headquartered in Northern Virginia and that Hampton Roads is home to the world’s largest naval base, it isn’t surprising that Virginia was ranked the top state in the nation for defense spending in 2021. But what many observers may not know is that q[...]
Charlottesville car dealerships acquired
Flow Automotive Cos. has completed its acquisition of five Umansky Automotive Group dealerships in Charlottesville, the company announced April 18. Terms of the deal were not disclosed. Flow’s acquisition includes locations selling Honda, Toyota, Subaru, Mercedes-Benz, Chrysler, Dodge, Jeep and Ram automotive brands, according to a news release. Flow currently has dealerships representing Audi, BMW, […][...]
Chesterfield industrial property sells for $1.7M
An industrial/flex space property in Chesterfield County has sold for $1.7 million. 11300 Business Center LLC purchased a 9,100-square-foot building on 11300 Business Center Drive from AdvanceTEC Properties LLC as an investment, according to Cushman & Wakefield | Thalhimer. The building has been the corporate headquarters [...]
May 2023 For the Record
Central Virginia More than 340 union workers went on strike at the AdvanSix Inc. chemical plant in Hopewell on April 6 over contract wage negotiations. The International Chemical Workers Union Council and the United Food and Commercial Workers Union accused the New Jersey-based chemical company of trying to divide union membership by offering pay raises […]
Betting on biotech
Virginians have often sought experimental medical treatments outside the state — traveling to North Carolina, Boston or one of the Mayo Clinic’s locations. However, the Paul and Diane Manning Institute of Biotechnology at the University of Virginia aims to change that. “We intend to tackle the biggest challenges in health [...]
Chesterfield’s new tech park already generating buzz
Chesterfield County Economic Director Garrett Hart received an inquiry about Upper Magnolia Green a week after the county announced in 2020 that it had purchased the property with the intent to develop a portion of it as a technology park. Intel Corp. hadn’t been able to find a site in Virginia for a $20 billion […]
CarLotz, Need Supply founders launch schools startup
For about a decade after meeting at a business function, Michael Bor and Chris Bossola met for lunch periodically, swapping stories about their shared experiences in launching and scaling companies. Their conversations eventually landed on what they say could transform funding for public schools nationwide. The two have plenty o[...]
Moseley Architects names next CEO
Jeffrey M. Hyder will step into the role of president and CEO for Richmond-based Moseley Architects beginning Aug. 1, the firm announced. Hyder, who joined the firm in 1993, will replace Stewart D. Roberson, who will step aside as president and CEO but continue to serve as the company’s chair. Roberson has been at the [&he[...]
UR alumni couple donates $3M to support Jewish life
Carole and Marcus Weinstein, alumni of the University of Richmond and recent donors of $25 million to the university, have given an additional $3 million to the university’s chaplaincy to support Jewish life, UR announced Monday. “We have participated in several Jewish life events on campus and are excited to contribute [...]
Richmond baseball stadium agreement reached — with year delay
The city of Richmond has reached an agreement with developers RVA Diamond Partners on the $2.44 billion Diamond District development and a new baseball stadium expected to open in spring 2026 — a year later than Major League Baseball’s April 2025 deadline. Now it’s up to MLB to decide whether to grant the city an [[...]
Capital Square names new SVP, product specialist
Stuart Bahnmuller has joined Glen Allen-based real estate company Capital Square as the firm’s senior vice president and registered product specialist to lead a national sales team for wealth managers and registered investment advisers, Capital Square announced Thursday. “For decades, alternative investments have been th[...]
