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Health care venture to establish manufacturing facility in Norfolk
Princo LLC, a joint venture comprised of health care companies Premier Inc., Vario Labs LLC and Caretrust LLC, will invest up to $23.8 million to establish a health care products manufacturing facility in Norfolk, creating an expected 284 jobs, Gov. Glenn Youngkin announced Tuesday. Princo will initially invest $18.1 million with the potential to invest […]
Roanoke shopping center sells for $4.8M
A shopping center in Roanoke has changed hands. Salem-based Omma Management LLC purchased the 49,881-square-foot Oak Grove Plaza in Roanoke for $4.8 million, Cushman & Wakefield | Thalhimer announced. Built in 1964, Oak Grove Plaza is located at 2061 Electric Road. CXL Inc. sold the property, which is on about four acres. Cu[...]
Soli Organic hires former Tesla exec
Rockingham County-based Soli Organic Inc. has hired former Tesla executive Jeff Jackson as its chief infrastructure officer, the indoor farming company announced Friday. Jackson was the director of infrastructure for Tesla, which manufactures electric vehicles. At Soli Organic, he will support the strategic development of the co[...]
House lawmakers stifle creative entrepreneurs fund
RICHMOND, Va. — Creativity should be valued as an important part of the Virginia economy, said the state lawmaker behind legislation to create the Virginia Creative Economy Grant Program. Del. Jackie Glass, D-Norfolk, introduced House Bill 2376 to establish a dedicated funding source for grant awards no more than $20,000 e[...]
Valiant receives $530M food services contract
Herndon-based government contractor Valiant Integrated Services will provide food distribution services to land-based military establishments, embassies and U.S. Navy vessels at ports in the southern Arabian Peninsula and East African nations under a contract worth up to $530 million, the Pentagon announced Feb. 10. The firm-fixed price, indefinite-delivery/indefinite-quality contract has an ordering period end date […][...]
It’s official — Ford plant going to Michigan
Ford Motor Co. announced Monday that it will build an electric vehicle battery plant in Michigan, a $3.5 billion project that Virginia was considered for until Gov. Glenn Youngkin pulled the state out of it late last year. Youngkin’s concern, he said in January, was over the involvement of China-based Contemporary Amperex [...]
ASM Global to develop, run GreenCity arena in Henrico
ASM Global will develop and operate the 17,000-seat arena at Henrico County’s $2.3 billion GreenCity development, county officials announced Monday. Billed as what will be the nation’s greenest arena with net-zero energy impact, the venue is set to be part of a multiuse community with a focus on environmental sustain[...]
Maxar public sector receives $192M NGA contract
Maxar Technologies’ Herndon-based public sector division has received a five-year contract worth up to $192 million from the National Geospatial-Intelligence Agency, the company announced Wednesday. Under the contract, Maxar, which has its corporate headquarters in Colorado, will provide the U.S. Foreign Commercial Imagery Program, which includes multiple U.S. allies and partners with services including high-resolution, […][...]
$130M mixed-use development planned for Hampton
A proposed $130 million development will bring 118 townhomes, 284 luxury apartments, 96 senior apartments and 6,000 square feet of retail space to Hampton. The project, called The Olde Hampton Village, will span 16 parcels across nearly 23 acres near downtown Hampton, at the former site of the Lincoln Park housing development, o[...]
Markel announces next CFO
Teri Gendron will succeed Jeremy Noble as Markel Corp.’s chief financial officer on March 20, the Glen Allen-based Fortune 500 insurance and investment firm announced Tuesday. Noble became president of Markel’s insurance operations earlier this year. Gendron will oversee and manage the holding company’s financial operations across its three divisions: insurance, investments and Markel Ventures. […][...]
YHB chooses next CEO
Winchester-based accounting and consulting firm Yount, Hyde & Barbour Principal Tom Milburn will become the firm’s CEO on Oct. 1, succeeding CEO Scott Moulden. YHB announced Milburn’s election by its board on Tuesday. “As part of our new strategic plan, the YHB board recognized that there is value to identifyi[...]
Petersburg casino bill passes Va. House
The Virginia House of Delegates narrowly passed a bill Tuesday that would allow Petersburg residents to vote on a casino referendum this fall. The legislation moves next to the Virginia State Senate, where a similar bill died in committee. Del. Kim Taylor, R-Dinwiddie, sponsored HB 1373, which passed 49-44 in the full House vote[...]
