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Kongsberg to build $101M missile plant in James City County
Kongsberg Defence & Aerospace, a subsidiary of Norway’s Kongsberg Group, plans to establish its first U.S. defense assembly plant in James City County, investing more than $100 million and creating an estimated 180 jobs, Gov. Glenn Youngkin announced Tuesday. The company expects to invest $71 million in a 150,000-s[...]
NoVa, Hampton Roads home sales decline in August
Home sales in Northern Virginia and Hampton Roads dropped year-over-year and month-over-month in August, although inventory and selling prices in both regions increased from the same time last year. Northern Virginia August home sales in Northern Virginia dropped 8.1% from August 2023, according to data released Sept. 12 by the [...]
Boar’s Head to indefinitely shutter Va. facility tied to fatal listeria outbreak
Deli meat company Boar’s Head Provisions Co. is indefinitely shutting down its meat production facility in Jarratt, the source of a listeria outbreak that killed at least nine people and hospitalized 57 others. The plant has not been operating since late July. The Centers for Disease Control and Prevention opened an investigat[...]
Norfolk Council moves delayed casino forward
Updated Sept. 11, 2024 Norfolk will have a temporary casino open by next November and a permanent resort in 2027 if all goes to plan, as the Pamunkey Indian Tribe and casino giant Boyd Gaming, its new corporate partner, received a fresh start on the long-delayed project from Norfolk City Council on Tuesday. City Council [&hellip[...]
W&M gets $100 million boost for coastal research
Jane Batten, the matriarch of a Hampton Roads family known for philanthropy, pledged $100 million to William & Mary in July to boost coastal and marine science research toward finding global solutions for flooding and sea-level rise. The newly named Batten School of Coastal & Marine Sciences will expand the Virginia Inst[...]
Smithfield separates from European arm
Smithfield Foods announced Tuesday that its European operations have been carved into an independent subsidiary. The action takes place a little over a month after Smithfield’s Chinese parent company, WH Group, which has its headquarters in Hong Kong, announced plans to take the company public in the United States. Smith[...]
Norfolk biopharma company appoints CEO, chief R&D officer
Norfolk-based biopharma company ReAlta Life Sciences has appointed David Marek its CEO and Paolo Martini its chief research and development officer, the company announced Thursday. “I am confident that David and Paolo are the ideal leaders for these two pivotal roles,” Edward A. Heidt Jr., chairperson of ReAlta’s board of [...]
Fahrenheit Advisors hires Hampton Roads leader
Richmond consulting firm Fahrenheit Advisors has hired Stephen Hoy as managing director of business development for the Hampton Roads area, the company announced Monday. Hoy will develop new relationships and support existing clients from Williamsburg to Virginia Beach. Most recently, Hoy was director of sales and strategic [...]
Battery-powered tools are wave of future at Stihl
Stihl Inc., the U.S. affiliate of the global Stihl Group, has invested more than $60 million on battery manufacturing at its Virginia Beach facility since 2018, according to Stuart Morrison, the company’s vice president of assembly. Battery-powered tools — like pruners, trimmers and blowers — are expected to see the fa[...]
NoVa, Hampton Roads home sales rise in July
Home sales in Northern Virginia and Hampton Roads rose year-over-year in July, while inventory as measured by active listings rose year-over-year and month-over-month for both. Both regions also saw median sales prices rise from the previous year but drop from June prices. Northern Virginia July home sales in Northern Virginia r[...]
Va. casino gaming revenues total $59.3M in July
Casino gaming revenues for Virginia’s three casinos totaled $59.3 million in July, according to Virginia Lottery data released Thursday. Also, the $500 million HeadWaters Resort & Casino in Norfolk, which has been in a holding pattern for the past several months, could be moving forward. The Norfolk Architectural Review Bo[...]
Dominion Energy secures new offshore wind lease for $17.7M
A Dominion Energy subsidiary won provisional rights to a 176,505-acre lease area off Virginia Beach’s coast, adjacent to the section of the ocean where the $9.8 billion Coastal Virginia Offshore Wind project is being constructed, the U.S. Department of the Interior announced Wednesday. Virginia Electric and Power Co. bid $[...]
