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Dec 19, 2024

Dollar Tree makes interim CEO permanent

Dollar Tree’s interim CEO, Michael C. Creedon Jr., is now the Fortune 500 discount retailer’s permanent CEO. The Chesapeake company announced the board of directors’ appointment on Thursday. Creedon joined Dollar Tree in 2022 as chief operating officer and was appointed interim CEO in November, after former CEO Rick Dreili[...]

Dec 17, 2024

World’s first commercial fusion power plant planned for Chesterfield

Commonwealth Fusion Systems, a Massachusetts-based fusion energy company, plans to build the world’s first grid-scale commercial fusion power plant in Chesterfield County, Gov. Glenn Youngkin announced Tuesday. “It’s a nearly $3 billion capital investment, paying taxes, and it’s a bunch of really high-tec[...]

A farm surrounded by hills.
Dec 13, 2024

Following public outcry, Roanoke developer pulls rezoning application

It’s looking like the Old Poage Farm property, which today sits next to U.S. 221 in Roanoke County, will remain farmland a while longer. The land was settled in the mid-1700s when King George III deeded hundreds of acres to Col. Robert Poage, but most recently, the property was proposed as a site for a […]

Dec 13, 2024

NoVa, Hampton Roads housing markets improve in November

The Northern Virginia and Hampton Roads housing markets in November showed signs of improvement from the same month last year, including increased home sales and selling prices. Northern Virginia Home prices and sales activity in Northern Virginia rose year-over-year last month, indicating a healthier market than the November 20[...]

Dec 13, 2024

Va. plays key role in McKinsey $650M opioid settlement

Global management firm McKinsey & Co. filed an agreement in Virginia on Friday to pay the federal government $650 million in a five-year deferred prosecution agreement with the U.S. Department of Justice focused on opioid abuse. The Virginia attorney general’s Medicaid Fraud Control Unit (MFCU) collaborated with U.S. a[...]

A bearded man with glasses, a collared shirt and a blue sweater and a woman with a pink top and cardigan sit on a sofa. They are looking into the camera.
Dec 12, 2024

JMU receives $2.5M gift for new library wing

James Madison University has received a $2.5 million gift for the new wing of its Carrier Library. Alexandria residents Stan and Rosemary Jones provided the donation, which the Harrisonburg public university announced in late November. A 1954 physics and math alumnus of what was then Madison College, Stan worked for McLean-based[...]

A rendered interior of a movie theater auditorium, angled to show a large screen to the right of the image. The tiered seating leading up and to the left in the image shows black seats with red upholstery and small attached tables.
Dec 11, 2024

Richmond’s Movieland at Boulevard Square to undergo $5M glow-up

Movieland at Boulevard Square, the city of Richmond’s only first-run movie theater, is undergoing approximately $5 million in renovations and upgrades. The project, which began in October and is expected to be completed in spring 2025, represents “the most extensive enhancements to the theater since it opened in 2009,” acc[...]

Dec 11, 2024

New dockworker strike threat looms for Port of Virginia

Shippers in Hampton Roads are bracing for a renewed dockworker strike in mid-January after contract negotiations between the International Longshoremen’s Association and the United States Maritime Alliance stalled in November. More than 45,000 dockworkers walked off their jobs for three days starting Oct. 1 at ports from Maine[...]

Dec 10, 2024

Developer plans $3B data center in Appomattox County

A Connecticut developer plans to build a $3 billion data center on a 452-acre site in Appomattox County. AVAIO Digital Partners announced Tuesday it had signed an agreement with the Appomattox County Economic Development Authority to purchase the industrial site. “This project in Appomattox County exemplifies our strategy of e[...]

Dec 10, 2024

Micron gets $275M in federal funding for Manassas expansion

Micron Technology is set to receive up to $275 million in federal funding to expand its manufacturing plant in Manassas, U.S. Sens. Mark Warner and Tim Kaine announced Tuesday. The U.S. Department of Commerce has signed a preliminary, nonbinding agreement for the funding as part of the 2022 CHIPS and Science Act, legislation War[...]

A man wearing a bandana and a T-shirt with the image of a man on it.
Dec 6, 2024

Caesars delays Danville casino’s opening by 5 days

The $750 million Caesars Virginia resort in Danville will host grand opening festivities on Dec. 17 instead of Dec. 12 as previously announced, Nevada’s Caesars Entertainment announced Friday afternoon. On hand will be retired Chicago Bulls basketball star and five-time NBA champion Dennis Rodman, who will lead a parade of rac[...]

An aerial shot of a green field and two industrial buildings in the distance.
Dec 6, 2024

Paver manufacturer to invest $47M for Pittsylvania facility

Cambridge Pavers, a New Jersey-based manufacturer of pavers, slabs and wall systems, will invest $47.35 million to establish a 150,000-square-foot facility at Ringgold East Industrial Park in Pittsylvania County, Gov. Glenn Youngkin announced Friday. Virginia competed with North Carolina, South Carolina, New Jersey, and Massachu[...]

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