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Former Colortree factory to be taken over by new company
Tulsa, Oklahoma-based marketing conglomerate Moore DM Group will invest $31 million in reopening the Henrico County printing plant formerly operated by Colortree Group Inc., which abruptly went out of business in June, leaving 240 employees out of work. The new plant will be run as Richmond Print Group, a subsidiary of Moore DM [...]
HHHunt names new COO
Blacksburg-based real estate company HHHunt Corp. promoted Stephen Fritz to chief operating officer, the company announced Tuesday. Fritz was most recently senior vice president of HHHunt and president of HHHunt Homes. As COO, he will serve on the company’s executive committee. He will be based in the Richmond and Raleigh [...]
VCU College of Humanities and Sciences appoints dean
Jennifer Malat will be dean of the Virginia Commonwealth University College of Humanities and Sciences effective July 1, the university announced Tuesday. Malat is currently the divisional dean for social sciences at the University of Cincinnati (UC) College of Arts and Sciences and oversees academic affairs, faculty affairs and[...]
United Way Worldwide names chief experience officer
Alexandria-based health and education nonprofit organization United Way Worldwide has named former SunTrust Foundation President as its chief experience officer, the organization announced Tuesday. In his new role, Little will lead all donor-facing functions and will be a part of the executive management team. He will report to [...]
Park West office building in Va. Beach sells for $6.75M
A three-story office building in Virginia Beach sold for $6.75 million, real estate company Colliers International announced Tuesday. The 66,062-square-foot building developed in 1989 is located at 2877 Guardian Lane was sold by Park West Owner LLC to Guardian Lane West LLC. The property is located less than a mile from Intersta[...]
Winds of change
In September, Dominion Energy Inc. unveiled an ambitious, $8 billion project to erect the nation’s largest offshore wind farm off the Virginia Beach coast. If all goes to plan, it will power 650,000 Virginia homes by 2026. This year, Dominion expects to bring its offshore wind pilot project online and start ocean survey wo[...]
Cyclical patterns
Last June, Volvo Group announced plans to invest nearly $400 million, add 350,000 square feet to its Dublin complex in Pulaski County — already the largest Volvo truck plant in the world — and hire 777 new workers over the next six years. Five months after that announcement, though, Volvo said it would lay off […]
Banner year
You’d be hard pressed to find an economic development official who had a better first year on the job than Jay Langston did in 2019. With Langston at the helm, the Shenandoah Valley Partnership, a regional economic development group, announced a record $1.5 billion in business investment last year, anchored by Merck [...]
A continuum of learning
While grocery shopping one evening in February 2019, Melissa Lubin received a phone call from Jay Langston, the new executive director of the Shenandoah Valley Partnership. A major employer in the region was looking to expand its operations, Langston told her, with more than 100 high-paying jobs and a multiyear investment that c[...]
Healthy and wealthy
Roanoke County’s main street — Electric Road (state Route 419) — is getting a big boost from the region’s largest employer. Carilion Clinic announced in September it had leased 150,000 square feet at Tanglewood Mall to accommodate Carilion’s growing children’s outpatient practices. Carilion, the Roano[...]
Moving beyond coal
In 1923, the number of people earning a living mining coal in the United States peaked at 862,536. Now, that number is around 52,000, and many people and companies who relied on coal for income have fallen on hard times. That’s one reason the 2019 expansions of Paul’s Fan Co., which has been tied to […]
Eggs in several baskets
Southern Virginia ended 2019 with some of the largest investments the region has seen in recent years and strong economic momentum — a far cry from 15 to 20 years ago when the area experienced downfalls in employment and capital investment after the textiles industry moved operations outside the country. Last July, the positiv[...]
