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Amazon to open fulfillment, delivery facilities in Va. Beach
Amazon.com will launch a fulfillment center and delivery station in Virginia Beach, creating an estimated 1,000 full-time jobs, Gov. Glenn Youngkin announced Monday. Groundbreaking began Monday, according to Ian Allen-Anderson, an Amazon spokesperson. The fulfillment center will be located at the intersection of Harpers and Dam [...]
Lyon Shipyard to expand, adding 134 jobs
Lyon Shipyard, a 95-year-old family-owned ship repair facility in Norfolk, will spend $8.5 million to expand its operations and add an estimated 134 jobs, Gov. Glenn Youngkin announced Wednesday. The shipyard plans to increase its capacity to work on commercial ships and vessels that will work on offshore wind farm operations. V[...]
NoVa home prices increase, Hampton Roads sees inventory boost
Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia Association of Realtors. At the same time, year-over-year sales declined, decreasing 12.4% from August 2022, but month-over-month sales increased as the summer reaches its end. […]
William & Mary law dean becomes of counsel at McGuireWoods
William & Mary Law School Dean A. Benjamin Spencer is consulting for McGuireWoods as a part-time, of counsel attorney, the law firm announced Thursday. Spencer, who is also a trustee professor at the law school, will consult with McGuireWoods lawyers and clients on pending legal matters and work on learning initiatives and c[...]
Canadian company to spend $22.8M to expand to Suffolk
Toronto-based Automatic Coating Ltd., which provides advanced custom powder, liquid, and blasting, will invest $22.8 million to open its first U.S. location in Suffolk, adding an estimated 50 jobs, Gov. Glenn Youngkin announced Thursday. Virginia competed with Florida for the project. The move supports an existing contract with [...]
Sandpaper manufacturer to expand in Va. Beach
Hermes Abrasives USA, the U.S. subsidiary of Hamburg, Germany-based Hermes Abrasives, will invest $5.6 million in a Virginia Beach expansion that will add an estimated 30 jobs, Gov. Glenn Youngkin announced Wednesday. Hermes Abrasives manufactures coated and bonded abrasives and grinding tools. The company will return its narrow[...]
Rocket Lab, Leidos sign contract for 4 rocket launches
California-based Rocket Lab USA has signed a contract with Reston-based Fortune 500 contractor Leidos to launch four Hypersonic Accelerator Suborbital Test Electron (HASTE) missions, the launch company announced Tuesday. The suborbital testbed launch vehicle missions will lift off from Rocket Lab’s Launch Complex 2 at the [...]
General Dynamics, HII subsidiaries receive $14.58B in Navy contracts
Reston-based General Dynamics’ Bath Iron Works subsidiary and Newport News-based Huntington Ingalls Industries’ Ingalls Shipbuilding will construct Arleigh Burke-class guided missile destroyers for the Navy during the next 10 years under contracts valued up to $14.58 billion. The Pentagon announced the contracts Aug.[...]
Chartway Credit Union names chief legal officer
Melissa Stratton Moffa is Chartway Credit Union’s new chief legal officer, the Virginia Beach-based credit union announced Tuesday. Moffa was most recently Tysons-based Pentagon Federal Credit Union’s senior director, associate general counsel and privacy officer. “We are thrilled to have Melissa on board. Her experien[...]
Groundworks promotes two execs to C-suite
Virginia Beach-based Groundworks has promoted two employees, including one to chief sales officer and another as chief revenue officer, the foundation and water management solutions company announced Thursday. Ben Flowers has been promoted from vice president of Groundworks’ southern division to chief sales officer, a new role[...]
Hazelwood Farms is set to become industrial park
A 328-acre former James City County farm is set to become the largest speculative industrial project along the Interstate 64 corridor between the Port of Virginia and Richmond. Hazelwood Farms was purchased for $12 million in April by Houston-based industrial real estate firm Lovett Industrial, which plans to develop a 2.2 mil[...]
Bon Secours sues Anthem for $93M
Health system Bon Secours filed suit against insurer Anthem Health Plans of Virginia Monday in Henrico County Circuit Court, alleging Anthem owes Bon Secours $93 million in unpaid claims. The plaintiffs, collectively titled BSMH Virginia, allege that Anthem Health Plans of Virginia (doing business as Anthem Blue Cross and Blue Shield) failed to pay “in […]
