Sign In
Free Newsletter
Return to form
In terms of business activity and economic development wins, 2021 turned out to be a stellar year for the Shenandoah Valley. “We have exceeded what we anticipated from a business activity perspective,” says Jay Langston, executive director of the Shenandoah Valley Partnership, which promotes economic development from Shenand[...]
Hot times in cooling tech
As far as problems go, this was a good one to have. A year into his tenure as director of Virginia operations for Swedish manufacturer Munters Group AB, Brian Frost was seeing “explosive growth” in sales of data center cooling systems manufactured at the company’s facilities in Buena Vista and Natural Bridge. Cooling equip[...]
Big bird
In August 2021, Tyson Foods Inc., one of the world’s largest food companies, announced it will invest $300 million to establish a 325,000-square-foot manufacturing facility in Pittsylvania County, creating 376 full-time jobs. Just two months later, Tyson broke ground on the project at Cane Creek Centre, an industrial park just[...]
Glove affair
You can hear the pride in Bill Mosher’s voice when he talks about his dad, Ken Mosher, and his career in the medical glove business. “He was in the glove industry for almost 50 years,” Bill Mosher says incredulously. Ken Mosher’s storied career includes being part of a team that in 1990 invented the nitrile […]
Making headway
Corporate investments are on the upswing in Southern Virginia, along with a desire to increase production, says Linda Green, executive director of the Southern Virginia Regional Alliance. “People have a lot of pent-up demand, and companies are responding to that,” she says. “We have lots of interest and activity.” Compan[...]
A hybrid solution
Guidehouse’s leadership had in mind many of the perks that some employees now demand when the global management consulting firm began its search for a new headquarters in 2019. Those included more flexible spaces, access to the outdoors, and technologies to support remote work and meetings. The firm also was growing. With a su[...]
PAE’s former head named Amentum CEO
John Heller, the former CEO of Falls Church-based contractor PAE Inc., will serve as CEO of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc., which purchased PAE earlier this month. Heller, who led PAE for seven years until March 2021, will take his new post effective March 28, Amentum announced Thur[...]
Walgreens to establish $34.2M fulfillment center in Hanover
Walgreens will invest $34.2 million to establish a micro-fulfillment center in Hanover County, a project expected to create 249 jobs, Gov. Glenn Youngkin announced Friday. The 65,686-square-foot facility will be located at the 185,000-square-foot Atlee Station Logistics Center and will have automated machinery to allow for a fle[...]
Fed still likely to raise rates, despite Russia-Ukraine conflict
Federal Reserve Bank of Richmond President and CEO Thomas Barkin said Thursday that he hopes to bring interest rates up to pre-pandemic levels “relatively quickly,” while noting that it’s hard to predict the future effect of the geopolitical conflict between Russia and Ukraine on the nation’s economy. Spe[...]
Arlington cybersecurity firm promotes CEO
Jennifer Tisdale has been promoted to CEO of GRIMM, the Arlington-based cybersecurity firm announced Tuesday. She was previously the firm’s senior principal of cyber-physical systems security. “Having spent the last decade dedicated to the advocacy of cybersecurity research and testing, it is an honor to lead the strateg[...]
Tegna to sell for $5.4B to hedge fund
Tysons-based broadcast and digital media giant Tegna Inc. will be acquired in a $5.4 billion cash deal by an affiliate of Standard General, the company announced Tuesday morning. New York hedge fund Standard General, one of Tegna’s largest shareholders, and New York-based private equity firm Apollo Global Management will b[...]
SWVA initiative seeks to attract remote workers
Project Fuse, a regional cooperative initiative to make Southwest Virginia the location of choice for remote employment, launched Friday with the release of a playbook to attract businesses. “The global business community seeks options for both attracting the employees they want and managing their operating costs,” Will Payn[...]
