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Reddix creates hub for women entrepreneurs
Angela Reddix is making it her business to create economic opportunities for women. “That is my absolute heart’s desire — to make it easier for girls and women to have access to wealth, and that means understanding it. That means being able to see it. That means being able to be invited in rooms where […]
FOR THE RECORD JANUARY 2024
ROANOKE/NEW RIVER VALLEY State regulators approved a rate increase for Appalachian Power that will add about $16 to the monthly bill of an average residential customer. The State Corporation Commission’s authorization will not take effect until the last week of January, meaning that the higher cost of electricity will start to show up in February […]
Data mining
Elena Schlossberg has spent the past three-and-a-half years fighting against what some say is soon to become the world’s largest data center complex. The Haymarket resident estimates she’s participated in at least 100 Zoom calls, town halls and Prince William County meetings to protest the project, while wearing a series of [...]
Blackstone vertiport receives landmark approval
Move over, North Carolina. The Tar Heel State may have been first in flight, but Virginia landed a first for the advanced air mobility industry in September 2023 when the U.S. Federal Aviation Administration granted conditional approval for the nation’s first public-use vertiport, a landing and launch site for electric vertica[...]
Wytheville rubber glove facility is on hold
After a federal financing package fell through, construction of Blue Star NBR’s medical glove plant in Wytheville has stalled. Now, Blue Star needs $230 million to start operations, says CEO Scott Maier. “It seems silly for all of this to fall to the wayside,” he says. “We don’t want to just sit and twiddle our [&helli[...]
MicroStrategy buys $615.7M more bitcoin in December
Tysons-based tech company MicroStrategy and its subsidiaries continued to grow their cryptocurrency cache in December, nearing $8 billion in bitcoin holdings. The company and its subsidiaries purchased about $615.7 million worth of bitcoin — approximately 14,620 coins — in cash from Nov. 30 to Dec. 26, according to MicroStrategy’s Wednesday filing with the U.S. Securities […]
Va. economic developers group elects new leaders
The Virginia Beach-based Virginia Economic Developers Association announced its new slate of officers and directors Tuesday. Linda Green, the Danville-based Institute for Advanced Learning and Research’s vice president of economic development, as well as executive director of the Southern Virginia Regional Alliance, will ser[...]
Meat processor to build $1.7M Prince Edward facility
A halal meat business, 5 Pillar Meats, will invest more than $1.7 million to build an abattoir and red meat processing facility in Prince Edward County, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Thursday. The new building, which will be located on a 3-acre site in the Prince Edward County Business […]
HawkEye 360 acquires RF Solutions
Herndon-based HawkEye 360 has acquired RF Solutions from Westminster, Colorado-based Maxar Intelligence, the satellite analytics company announced last week. Financial details of the transaction were not disclosed. It’s the first acquisition for HawkEye 360 and gives the company ownership of two new satellites, intellectua[...]
Russell County farm to invest $1M in expanded manufacturing
Goat milk products maker Bates Family Farm will invest roughly $1 million to relocate its manufacturing facility to a Russell County-owned building in Lebanon, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Wednesday. “We’re creating agriculture-based jobs and selling Virginia-made products,” Bates Family Farm co-founder and CEO Joseph “Joe” Bates said. The […][...]
Lynchburg and Danville law firms to merge
The law firms of Petty, Livingston, Dawson & Richards in Lynchburg and Southern Virginia Legal (SoVa Legal) in Danville will merge to become PLDR Law beginning Jan. 1, 2024, the two law firms announced Wednesday. Together, the two firms will jointly have 16 attorneys and have offices in Lynchburg and Danville, serving commun[...]
Wholesale electrical distributor plans Va. expansion
Cooperative Electric Energy Utility Supply (CEEUS), a South Carolina-based electrical distributor that serves cooperatives, municipals and investor-owned utilities, plans to invest $37 million into a new 187,000-square-foot warehouse and distribution facility in Hanover County, creating 30 jobs, Gov. Glenn Youngkin announced Thu[...]
