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Hotel revenues continue to outpace 2019, but only slightly
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. The latest data show rooms sold decreased by 4.6% in Virginia through August […]
Wisconsin company to open $2M plant in Roanoke County
Osseo, Wisconsin-based North American Specialty Laminations LLC, a company that provides lamination solutions to the building products industry, will invest $2 million to open a mid-Atlantic production facility in Roanoke County, creating 44 jobs, Gov. Glenn Youngkin announced Tuesday. NASL’s 57,000-square-foot plant will be located at 5185 Benois Road. It will serve NASL customers along […][...]
Va. Tech receives record $80M grant for climate-smart farming
Virginia Tech has received a record $80 million grant from the U.S. Department of Agriculture for a pilot program that will pay farmers to add practices that could help curb greenhouse gases, the university announced Monday. The grant is the largest in the university’s history. Virginia Tech is partnering on the pilot program with Rural […]
Virginia Tech appoints COO from W&M
Virginia Tech announced Wednesday it has named Amy Stoakley Sebring, currently chief operating officer at William & Mary, as its executive vice president and COO, effective Nov. 1. “I am very pleased to welcome Amy to the university community and our leadership team,” Virginia Tech President Tim Sands said in a statement[...]
Virginia Tech promotes VP of comms, marketing
Virginia Tech announced Tuesday it has promoted Tracy Vosburgh to be its inaugural vice president of communications and marketing. The university is also renaming its University Relations department to Communications and Marketing. Vosburgh has served as Virginia Tech’s top communications administrator since 2015, when she[...]
Manchin hits gas on Mountain Valley Pipeline
First proposed in 2014, the 303-mile, $6.6 billion Mountain Valley Pipeline has seen its construction progress delayed time and time again by federal courts, regulators and environmentalists. Indeed, MVP has faced so many setbacks that NextEra Energy Inc. said in February it was reevaluating its investment in the natural gas pip[...]
Generation next
There’s a new wave of “super collaborators” driving economic development in the Roanoke and New River valleys. Many of the top positions in the region’s public and private sector economic development engines have turned over in the past couple of years. In multiple cases, individuals who had held positions for de[...]
Va. Tech extends president’s contract through 2027
Metallica won’t be playing “Exit Sandman” anytime soon — Virginia Tech President Tim Sands will stay on as the university’s president though the 2027 academic year. The university’s board of visitors voted unanimously to extend Sands’ contract during a quarterly meeting Tuesday, according to[...]
Va. hotel revenues up slightly over 2019
Northern Virginia’s hotel market continues to be a drag on the lodging industry’s performance in the commonwealth as a whole, according to recently released data from STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. The latest data show rooms sold decreased by 4.6%[...]
Outgoing chamber leaders honored by state association
The Virginia Association of Chamber of Commerce Executives has honored two retiring leaders with lifetime achievement awards. Prince William Chamber of Commerce President and CEO Debbie Jones and Roanoke Regional Chamber of Commerce President and CEO Joyce Waugh received the awards during the VACCE’s 2022 executive leaders[...]
Torc Robotics names new CEO
Blacksburg-based self-driving truck company Torc Robotics has named Peter Vaughan Schmidt its next CEO, the Daimler Truck AG subsidiary announced Thursday. Currently head of Daimler Truck’s Autonomous Technology Group, Schmidt will take on his new role Oct. 1 and succeeds Michael Fleming. The company produces software for [...]
Virginia Transformer Corp. launches EV charger module
Roanoke-based power transformer manufacturer Virginia Transformer Corp. has entered the electric vehicle market by launching a manufacturing division to create components for commercial electric vehicle power chargers, with plans to expand the initiative, the company announced Monday. Commercial customers can build self-containe[...]
