Sign In
Free Newsletter
Wise County IDA buys vacant office building for $1.2M
The Wise County Industrial Development Authority purchased a vacant office building in the Lonesome Pine Regional Business and Technology Park with a $1.2 million loan from the Virginia Coalfield Economic Development Authority, officials announced Wednesday. The 10,000-square-foot building sits on approximately 4.63 acres at 595[...]
Second Richmond casino referendum is off ballots
The Virginia General Assembly’s two-year budget, which was passed by both houses Thursday and sent to the governor, includes a provision that would delay a second casino vote in Richmond, where voters defeated a referendum last year. The language would not allow the referendum to appear on Richmond’s ballots until No[...]
Performance Food Group promotes three executives
Goochland County-based Fortune 500 food products distributor Performance Food Group Co. promoted three senior leaders to executive vice presidents on Wednesday. Chief Information Officer Don Bulmer, Chief Human Resources Officer Erika Davis and General Counsel and Secretary Brent King became executive vice presidents of Performa[...]
Pittsylvania anticipates $7M investment by 2 businesses
In a pair of announcements Wednesday, Pittsylvania County officials celebrated an expected total investment of $7 million and more than 40 jobs by two businesses. A paper manufacturer’s Pittsylvania County location is expanding and a Danville medical equipment company is moving to the county, state and county officials ann[...]
Packaging manufacturer to create 75 jobs in Smyth County
Northlake, Illinois-based Scholle IPN, a flexible packaging supplier, will invest $31.1 million to expand in Smyth County, a project expected to create 75 jobs, Gov. Glenn Youngkin announced Wednesday. Scholle IPN will expand its Smyth County facility by 73,000 square feet to allow new manufacturing lines for film extrusion and [...]
General Dynamics Missions Systems, Iridium land $324M space contract
Fairfax-based General Dynamics Missions Systems and McLean-based Iridium Communications Inc. have received a $324 million contract to build and provide network operations and support for the National Defense Space Architecture. The award, from the Space Development Agency, includes a $162.9 million base and $161.5 million in options. Under the contract, General Dynamics Missions Systems and […][...]
Reston’s Trucker Tools names COO
Reston-based Trucker Tools, a software company that provides a digital freight management platform for the transportation industry, announced last week it had appointed Rohit Bezewada as chief operating officer. Bezewada succeeds Kary Jablonski, who became CEO of Trucker Tools earlier this year. “Rohit is an accomplished execu[...]
Sterling CEO named adventure parks association chair
Sterling-based Flight Adventure Park CEO Steven L. Yeffa has been named chairman of the International Adventure and Trampoline Parks Association’s board, the family entertainment venue company announced in early May. “We are thrilled to have Steve elected as our chair,” IATP Executive Vice President Bethany Evans s[...]
Leidos receives Navy undersea warfare contract
Leidos Inc., the Reston-based Fortune 500 government contractor, has received a nearly $24 million contract from Naval Sea Systems Command to install, integrate and maintain the Navy’s AN/SQQ-89 Surface Ship Undersea Warfare combat systems, according to a Department of Defense announcement last week. The contract includes options that could bring the total award to nearly […]
Joan Brock makes $34M gift to Chrysler Museum
The Chrysler Museum of Art, in Norfolk, announced Tuesday that Hampton Roads philanthropist Joan Brock has donated $34 million, including 40 works of art and two position endowments. The gift will also support the expansion of the Perry Glass Studio. Joan Brock, a longstanding supporter of the Chrysler Museum, was the first woma[...]
Home improvement
Affordable housing isn’t the first thing that comes to mind when you think of the University of Virginia. But it’s top of mind for U.Va. officials who have pledged to support the development of 1,000 to 1,500 affordable housing units in Charlottesville and Albemarle County over the next decade. To jump-start the effort, U.Va[...]
Back to work
Although the nation’s commercial real estate market is still lagging for the most part, that isn’t the case in Charlottesville, where fresh new multiuse projects have perked up interest in workspaces. The nationwide vacancy rate for office space in the first quarter of 2022 was a rather dreary 15.7%, according to Yardi Matri[...]
