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Civica to produce lower-cost insulin
Civica Rx, a nonprofit generic drug-maker with a pharmaceutical manufacturing plant under construction in Petersburg, plans to produce three forms of insulin priced at $30 per vial beginning in early 2024, a project that dovetails with a bill in Congress that would cap consumers’ out-of-pocket insulin costs. Civica’s 140,000[...]
Harder, better, faster, stronger
On March 20, 1922, the U.S. Navy commissioned its first aircraft carrier: the USS Langley. A century later, the Navy is hosting centennial events around the country, including in Norfolk, where the USS Langley was converted into the Navy’s first carrier from the USS Jupiter, the Navy’s first electrically propelled ship. The [...]
West Falls Church on track for $1.2 billion transformation
Developers are expected to break ground this month on the first of three mixed-use projects near the West Falls Church Metro station with a total investment of about $1.2 billion. Each piece comes together to complete a puzzle that will transform about 40 acres of vacant land, parking lots and Virginia Tech’s Northern Virginia[...]
Rocket Lab to boost Eastern Shore space biz
The Eastern Shore and Accomack County are well-acquainted with the rockets’ red glare. One of the oldest launch sites in the world, the NASA Wallops Flight Facility launched its first rocket on July 4, 1945. Given its history, it seems fitting that Wallops’ rocket business got a big payload boost in late February when Califo[...]
Counties collaborating on industrial park
In the coming months, the rubble of a demolished furniture factory on a roughly 70-acre property in Chilhowie will be hauled away to make room for an industrial park. Smyth County is teaming up with Bland and Washington counties, forming the Pathway Regional Industrial Facilities Authority to create Pathway Park, which will feat[...]
Tilting toward windmills
Siemens Gamesa Renewable Energy S.A.’s October 2021 announcement that it will build the nation’s first offshore-wind blade factory at Portsmouth Marine Terminal (PMT) has put Hampton Roads on a trajectory to become a supply chain hub for the country’s nascent offshore-wind energy industry. The Spanish wind turbine company [...]
Carilion Clinic receives $1M gift for education program
An anonymous couple has given Carilion Clinic a $1 million gift to support its employee career advancement program, the Roanoke health system announced Thursday. The Your Efforts, Supported program (YES) will launch later this year, with a goal to assist entry-level health care employees to earn certifications and further their education to meet career goals. […]
FDA moves toward menthol cigarettes ban
The Food and Drug Administration said Thursday that it plans to ban sales of menthol cigarettes, a billion-dollar industry in which Philip Morris USA has a 9.4% market share. Philip Morris USA, a subsidiary of Henrico County-based Altria Group Inc., manufactures Marlboro menthol cigarettes among its other brands, but R.J. Reynol[...]
Martin Agency’s Robinson wins Ad Age CCO of the year
Danny Robinson, The Martin Agency’s chief creative officer, was named Ad Age’s chief creative officer of the year on Thursday, as the publication lauded him for having “revved up the agency’s creative output, turning out great ideas at a quicker pace across multiple categories and brands.” Among Ric[...]
Reinvent Hampton Roads names new president and CEO
The first president and CEO of Reinvent Hampton Roads, Jim Spore, will retire June 15, the regional economic development organization announced Thursday. Nancy L. Grden, executive director of the Hampton Roads Maritime Collaborative for Growth & Innovation (HRMC) and associate vice president of Old Dominion University’[...]
Va. Lottery Board awards first casino license
The Virginia Lottery Board has issued its first license for a casino in Virginia to Hard Rock Bristol, the board announced Wednesday. With its permanent casino still on track to open at the former Bristol Mall in July 2024, Hard Rock International Inc. is preparing to open a 30,000-square-foot temporary casino with 870 gaming sl[...]
Telly Tucker named IALR’s first president
Telly Tucker, Arlington County’s economic development director since 2020, will become the first president of the Institute for Advanced Learning and Research (IALR) on May 31, the Danville-based institute announced Tuesday. Tucker’s return to Danville is a return to his past. The Lynchburg native served as the city&[...]
