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BWXT wins potential $45B DOE contract
A joint venture led by BWX Technologies Inc. has won a federal contract worth up to $45 billion — its largest ever — from the U.S. Department of Energy to clean up a decommissioned nuclear production site in southeastern Washington state, the Lynchburg-based nuclear components and fuel supplier announced Monday. The Hanford [...]
Chesapeake industrial building goes for $1.4M
AG Wraps Inc. has purchased a 11,200-square-foot industrial building in Chesapeake for $1.4 million, Cushman & Wakefield | Thalhimer announced Monday. The building, at 913 Business Park Drive, is on 1.05 acres, and it was purchased from Allen V. Alewine. The company installs short- and long-term vinyl graphics for vehicles a[...]
Chesterfield business center building sells for $1.36M
Six Bees II LLC has purchased a 10,680-square-foot office and warehouse building in Chesterfield County’s Branchway Business Center for $1.36 million. Six Bees II, which is affiliated with CK Bosworth Construction, purchased the building from 1321 Business Center Drive LLC, and the company will occupy half of the building [...]
Rocket Lab to launch new hypersonic rocket from Va.
California-based Rocket Lab USA Inc. will launch its new Hypersonic Accelerator Suborbital Test Electron (HASTE) rocket in Accomack County in the first half of 2023. The company introduced the suborbital testbed launch vehicle, derived from its Electron rocket, on Monday. Rocket Lab is preparing the HASTE vehicle for launch for [...]
Mary Baldwin announces next president
Mary Baldwin University’s next president will be Jeffrey P. Stein, vice president for strategic initiatives and partnerships at Elon University in North Carolina, the Staunton private university announced on Friday. Also an assistant professor of English at Elon, Stein will become MBU’s 10th president on July 1, succeedi[...]
Lego breaks ground on $1B Chesterfield facility
The Lego Group broke ground Thursday on its $1 billion Chesterfield County manufacturing facility — launching the Danish toymaker’s first U.S. manufacturing plant and one of Virginia’s biggest economic development projects. The Billund, Denmark-based toy company known for its brightly colored plastic toy bricks and[...]
Fors Marsh acquires Fla. marketing firm
Arlington County-based market strategy and research firm Fors Marsh has acquired Florida-based marketing firm Brunet-García, the company announced April 5. Terms of the deal were not disclosed. Fors Marsh employs 420 researchers, advisers and communicators and serves federal clients such as the U.S. Department of Health and Human Services, the Department of Defense, the Department […]
Report: Snyder agrees to $6B sale of Commanders
Washington Commanders owner Dan Snyder has agreed to sell the Ashburn-based NFL team for a record-breaking $6 billion, according to several news reports Thursday. The buyers are a group of investors that includes NBA legend Magic Johnson and is led by two Maryland billionaires, Apollo Global Management co-founder Josh Harris and[...]
Data center park headed for Surry County
A Middleburg developer plans to build at least 30 data centers on a 641-acre plot next to the Surry Nuclear Power Station in Surry County, with the possibility of a hydrogen and nuclear-powered green energy production facility in the future, the county announced Wednesday. John Andrews, CEO of Middleburg-based Green Energy Partn[...]
Paymerang acquires Aussie AI data platform
Chesterfield County-based payment and invoice automation company Paymerang LLC has acquired Australian-based artificial intelligence data extraction and analysis platform Sypht and the assets of KwikTag, an invoice automation company, Paymerang announced Tuesday. Paymerang acquired both from Tempe, Arizona-based tech firm enChoice Inc. Terms of the deals were not disclosed and the acquisitions were completed April […][...]
Hampton Roads organizations merge to form new roundtable
Two Hampton Roads regional economic development organizations are merging to establish the Hampton Roads Executive Roundtable, with the goal of unifying their efforts. The new organization will combine Hampton Roads Business Roundtable, established in 2012, and Reinvent Hampton Roads, established in 2016, with the primary missio[...]
Innovation, capital key to rural growth, Barkin and Warner say
There’s hope for economic growth in rural areas despite their challenges, Federal Reserve Bank of Richmond President and CEO Tom Barkin and U.S. Sen. Mark Warner said Wednesday during the Fed’s 2023 Investing in Rural America conference in Roanoke. Rural areas could overcome economic development challenges, particularly[...]
