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Medical glove manufacturers to create 2,500 jobs in Wythe County
Connecticut-based Blue Star NBR LLC and Delaware-based American Glove Innovations Inc. will invest $714 million to build a manufacturing facility in Wythe County for producing rubber medical gloves — a joint venture expected to create 2,500 jobs, Virginia Gov. Ralph Northam announced Monday. The operation is expected to produ[...]
Henrico realty co. gains majority ownership of Ga. management company
Henrico County-based property development company McCann Realty Partners LLC now has a controlling interest in Georgia-based property management company Pegasus Residential LLC, the company announced last week. Financial details of the transaction were not disclosed. The two companies have been partners since Pegasus’ founding in 2009, McCann Realty Partners President and Managing Principal Matt Akin […][...]
Middleburg Communities names chief economist
Vienna-based real estate company Middleburg Communities has named Brad Case as chief economist and director of research, it announced Thursday. Case will provide analysis for buying, selling, developing and market focus tactical decisions. “Brad Case is one of the most respected economists in commercial real estate, and we are[...]
Newport News data analysis co. wins $100M GSA contract
Newport News-based professional services and data analysis company ITA International LLC won a $100 million contract from the U.S. General Services Administration to help defense agencies use data driven tools, it announced Thursday. Under the five-year Small Business Innovation Research phase III indefinite delivery, indefinite quantity contract, ITA will provide customized data visualization and analysis […][...]
Arlington joint venture secures $100M Army Corps of Engineers contract
An Arlington-based joint venture between Dallas-based Jacobs Engineering Group Inc. and Kansas-based Black & Veatch Holding Co. won a $100 million contract with the U.S. Army Corps of Engineers for work in Fort Meade, Maryland, the Department of Defense reported Wednesday. Under the firm-fixed-price contract, Jacobs/B&V will provide design and construction services for the completion […][...]
Pat Robertson steps down as 700 Club host, effective immediately
Pat Robertson, founder of the Virginia Beach-based Christian Broadcasting Network, announced Friday that it was his last day as daily host of “The 700 Club,” on the show’s 60th anniversary broadcast. His son, Gordon P. Robertson, will take over as full-time host, the 91-year-old TV evangelist said. Robertson, o[...]
NoVa office space market improves after pandemic disruption
The Northern Virginia office real estate market showed improvement in leasing activity and occupancy loss in the third quarter, following four quarters of disrupted activity, according to a report released by commercial real estate services and investment firm CBRE Group Inc. this week. Gross leasing activity held steady from th[...]
U.Va. to offer $50M more in scholarships
The University of Virginia will invest another $50 million in matching funds through the Bicentennial Scholarship Fund, U.Va. President Jim Ryan said last week. Established in 2016 with an initial $100 million investment, the fund matches philanthropic commitments toward scholarships, both need- and merit-based. Donors have comm[...]
Sauer Brands buys independent salsa brand
Richmond-based Sauer Brands Inc. is expanding into salsa with the acquisition of Frisco, Texas-based Mateo’s Gourmet Salsa, the company announced Thursday. Sauer Brands, which owns Duke’s Mayonnaise, The Spice Hunter, Kernel Season’s and its own line of spices and seasoning, did not disclose the financial terms[...]
Peduzzi Associates Ltd. names next president
Retired U.S. Air Force Maj. Gen. Garry Dean will become the president of Alexandria-based consulting company Peduzzi Associates Ltd. on Friday. Dean has served on the company’s board of advisers for the last four years. He has been an international airline captain for Delta Air Lines since he retired from the Air Force in [...]
Italian meat company bringing 150 jobs to Rockingham County
Italian cured meats manufacturer Veronesi Holding S.p.A., a Gruppo Veronesi company, will invest approximately $100 million to establish its first U.S. production facility in Rockingham County, creating an estimated 150 jobs over the next four years, Gov. Ralph Northam announced Thursday. The facility will be located on 75.8 acres in the Innovation Village @ Rockingham […]
JMU-led pact seeks to increase labor participation
The Shenandoah Valley’s economy is rebounding, but the region is struggling with a poor labor force participation rate, even compared with the national rate of 61%. In Augusta, Bath, Highland, Page, Rockbridge, Rockingham and Shenandoah counties, only 50% of potential workers are actually employed, says Jay Langston, execu[...]
