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Va. Beach, Oceana ink economic development deal
An agreement between the Navy and Virginia Beach could give the city much-needed breathing room for economic development expansion while lowering the cost of operating the East Coast’s master jet base. Under a concept called Future Base Design, Naval Air Station Oceana would lease about 400 acres of land to private busi[...]
Richmond casino plan goes to polls
Early voting is underway across Virginia, and in Richmond, residents will also decide by Nov. 2 whether Silver Spring, Maryland-based Urban One Inc. can establish its proposed $565 million ONE Casino + Resort in the city. Urban One CEO Alfred Liggins has high hopes for what could be the nation’s only majority Black-owned c[...]
Plastics company to revive textile mill site in Hurt
At the site of what was once a Burlington Industries textile mill in Hurt, Staunton River Plastics is building a 250,000-square-foot manufacturing facility. Staunton River Plastics is the first tenant for the newly named Southern Virginia Multimodal Park, says Linda Green, executive director at the Southern Virginia Regional All[...]
Larger shovel-ready sites key to success
Workers with Franklin County-based Bowman Excavating Inc. have hauled off 250,000 cubic yards of dirt since beginning work last November on Wood Haven Technology Park in Roanoke County, according to Devin Bowman, company vice president. With 30 acres of trees cleared and load after load of dirt scooped away from the berm next to[...]
A developing picture
As Norfolk prepares for some sizable development projects, city officials don’t plan to forget the strong business base that positioned the area for such investments. “We’re really focused on business expansion and our primary employers,” says Jared Chalk, Norfolk’s director of economic development. “That[...]
Long Bridge expansion to speed up D.C.-Va. rail traffic
Plans for constructing a $1.9 billion, two-track railroad bridge connecting Virginia to Washington, D.C. — doubling the number of tracks going across the Potomac River from the U.S. capital to the commonwealth — are chugging right along. “We’re now moving forward to advance the engineering design and that should be c[...]
Peraton awarded $109M cyberspace contract
Herndon-based federal Peraton Inc. announced this week it has been awarded a contract worth up to $109 million by the U.S. Cyber Command, a project that will deliver full-spectrum cyberspace operations for the Department of Defense. The indefinite-delivery, indefinite-quantity Cyberspace Operations Support Services task order could last four years, the company said in a news […]
Fluence files plans for IPO
Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., announced this week it has filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. The number of shares and price range for the proposed offer[...]
$300M widening of U.S. Route 58 has started in Patrick County
A groundbreaking ceremony took place Wednesday in Patrick County to widen a 7.4-mile stretch of U.S. Route 58 in Patrick County, the first phase of a project to create a continuous four-lane highway between Virginia Beach and Interstate 77. The project, part of the U.S. Route 58 Corridor Development Program enacted by state lawm[...]
German manufacturer bringing 355 jobs to Henry County
Schock GmbH, a German quartz composite sink manufacturer, plans to build an $85 million manufacturing facility in Henry County, creating 355 jobs, Gov. Ralph Northam announced Tuesday. Virginia competed with Florida, Georgia and North Carolina for the project, which will occupy a 95,500-square-foot shell building on 14.7 acres i[...]
Bedford County names new economic development director
Pam Bailey will be the new Bedford County Economic Development director, County Administrator Robert Hiss announced Monday. She had been serving as the interim director. “Pam brings energy, passion and creativity, along with a high work ethic, to this position,” Hess said in a statement. “I’ve been completely impress[...]
VCU Massey Cancer Center wins $3.3M grant for lung cancer research center
The Virginia Commonwealth University Massey Cancer Center won a $3.3 million Specialized Program of Research Excellence (SPORE) grant to establish a research center on lung cancer disparities from the National Cancer Institute last week. The Translational Research Center in Lung Cancer Disparities (TRACER) will study the disprop[...]
