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Generation next
There’s a new wave of “super collaborators” driving economic development in the Roanoke and New River valleys. Many of the top positions in the region’s public and private sector economic development engines have turned over in the past couple of years. In multiple cases, individuals who had held positions for de[...]
Where there’s smoke
Updated Sept. 1, 2022 Henrico County’s Altria Group Inc. advertises on its website that it is “moving beyond smoking,” although the owner of Philip Morris USA still is one of the world’s largest producers of cigarettes and other tobacco products. Now the 6,000-employee, $26 billion corporation may have to move be[...]
September 2022 For The Record
CENTRAL Goochland County supervisors gave their unanimous stamp of approval to a proposed 650,000-square-foot e-commerce fulfillment center in August, clearing the way for what promises to be one of the most significant economic development projects in the county’s history. While board members were aligned in support of the $500 million project — noting, among other […]
SAIC receives $163M Navy contract
Reston-based Science Applications International Corp. on Thursday announced it has been awarded a $163 million Navy contract to maintain enterprise networks for shore-based commands and support command and control of the services’ deployed units. The work includes design, development, integration, modernization and life cycle support as well as network components and service solutions. Work will […][...]
Artemis I to launch with help from Va. contractors
EDITOR’S NOTE: Monday’s launch was scrubbed by NASA shortly after 8:33 a.m. because of an engine issue. Weather permitting, if the Artemis 1 moon mission launches from NASA’s Kennedy Space Center in Florida Monday morning as planned, it will be powered in part by the work of Virginia-based contractors. The uncr[...]
Va. officials woo chip manufacturers
U.S. Sen. Mark Warner and state and local economic development officials are vying to attract semiconductor chip manufacturing facilities to four Virginia industrial sites as the commonwealth gears up to fight for a piece of the financial pie from sweeping federal legislation that promises to ramp up chip production in the U.S. [...]
TowneBank names new CEO
Suffolk-based TowneBank announced Friday that William “Billy” I. Foster III will become CEO, succeeding J. Morgan Davis, who is retiring. Foster, the bank’s market president for Central Virginia and the Carolinas, joined TowneBank as a regional president in 2004, leading the bank’s expansion into the Norf[...]
Chesterfield-based Paymerang expands to Wise County
Chesterfield County-based payment and invoice automation company Paymerang LLC will expand its operations to Southwest Virginia, creating 50 jobs in Wise, the company announced Thursday. The move follows a previous expansion of its Chesterfield County headquarters. In Wise, employees will work in software development, cloud eng[...]
Va. Tech extends president’s contract through 2027
Metallica won’t be playing “Exit Sandman” anytime soon — Virginia Tech President Tim Sands will stay on as the university’s president though the 2027 academic year. The university’s board of visitors voted unanimously to extend Sands’ contract during a quarterly meeting Tuesday, according to[...]
Johnston-Willis Hospital names new CEO
Johnston-Willis Hospital in Richmond has a new chief executive, HCA Virginia Health System announced Tuesday. Beth Matish will become the Chesterfield County hospital’s CEO on Aug. 29. She has been part of the senior leadership team at Henrico Doctors’ Hospitals for 20 years and was named CEO of Retreat DoctorsR[...]
Va. Beach’s DroneUp to add 655 jobs
Virginia Beach-based DroneUp LLC is adding 655 jobs as part of a $27 million expansion that will include establishing a drone testing, training and research and development center at Richard Bland College, Gov. Glenn Youngkin announced during a news conference Wednesday at the Executive Mansion in Richmond. DroneUp, which specia[...]
Leidos to partner with Project HOPE to aid Ukraine
As Russia began its invasion of Ukraine in February, Leidos employees took to an internal blog and emailed senior executives to demonstrate support for the Eastern European nation. CEO Roger Krone remembers one employee who had family in the country and wanted to get them out. Six months later, the Reston-based Fortune 500 defen[...]
