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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[...]
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[...]
