Free Newsletter
A titanic win
After enduring the exodus of companies like Burlington Mills and Daystrom Furniture over the past two decades, Halifax County is celebrating its biggest manufacturing announcement in decades — the arrival of Virginia’s first titanium demonstration facility. Last fall, Charlotte, North Carolina-based IperionX Ltd., a mine[...]
DroneUp takes off
Virginia Beach’s DroneUp LLC is riding the leading edge of the unmanned aerial vehicle industry wave. Founded in 2016, the company, which specializes in commercial drone delivery, flight services and software, has grown its ranks from three to 530 employees. Retail giant Walmart Inc. is a new partner, and DroneUp is close [...]
A time to build
The Shenandoah Valley Partnership had more economic development activity than “anyone anticipated in 2022,” says Jay Langston, the partnership’s executive director. During the calendar year, the partnership saw close to $140 million in investment and 520 jobs. In Fishersville, Amazon.com Inc. is building a $120 milli[...]
A ‘golden unicorn’
Chesterfield County Economic Development Director Garrett Hart and Managing Director Matt McLaren had no idea which global client a site selection consultant was representing when the county was approached in November 2021 to discuss a potential major economic development megaproject. “All we knew is that they were in manufact[...]
Sweet valley high
For Paul Mahoney, chair of the Roanoke County Board of Supervisors, the past year has stood out for bringing an “explosion of development” to the county. Home improvement retailer Lowe’s Cos. Inc. opened a new distribution center. North American Specialty Laminations LLC established a mid-Atlantic production facility. [...]
Moving in
Southern Virginia is laying out the welcome mat for a growing number of companies seeking to locate in areas with lower taxes, better proximity to supply chains, a skilled workforce and improved quality of life. During 2022, a variety of businesses, ranging from an automotive education and entertainment firm to a moving and tr[...]
Defense and defensibility
When it comes to tech and government contractors, Northern Virginia’s national profile continued to rise in 2022. Arlington County, where Amazon.com Inc.’s multibillion-dollar HQ2 is continuing to take shape in National Landing, made headlines around the globe in spring 2022. Fortune 500 companies Boeing Co. and Rayt[...]
Va. Tech names new biz school dean
Saonee Sarker, a professor at Sweden’s Lund University, will serve as the next dean of the Virginia Tech’s Pamplin College of Business following an international search. Virginia Tech announced Sarker’s new role Monday. She has been a professor in Lund University’s Department of Informatics in the Schoo[...]
Amentum to relocate headquarters to Chantilly
Aerospace defense contractor Amentum Services Inc. is consolidating its operations and moving its headquarters from Germantown, Maryland, to Chantilly, a move that will add 157 jobs, Gov. Glenn Youngkin announced Monday. The relocation comes a little more than a year after Amentum completed its $1.9 billion all-cash purchase of [...]
Warehouse portfolio with two Va. properties sells for $21.86M
Seven warehouses leased to Lansing Building Products, including two in Virginia, sold for $21.86 million, Cushman & Wakefield | Thalhimer announced Friday. The portfolio of warehouses totals 209,883 square feet, and the properties range from 20,000 to almost 50,000 square feet each. On average, 89% of each property is wareho[...]
Krone to step down as Leidos CEO; Rolls-Royce exec to replace him
Reston-based Fortune 500 contractor Leidos Chairman and CEO Roger Krone plans to step down from both positions this year, with Thomas Bell, the president of Defense Rolls-Royce plc and chairman and CEO of the company’s North American branch, succeeding Krone as CEO on May 4, Leidos announced Monday. Robert S. Shapard will [...]
Angela and Carl Reddix donate $1.1M to JMU
James Madison University alumni Angela and Carl Reddix have made a $1.1 million commitment to their alma mater to support first-generation college students, JMU announced Friday. Founder, president and CEO of Norfolk-based ARDX, a health care management and IT consulting firm, Angela Reddix studied marketing at JMU and graduated[...]
