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VACU names Member One regional head for Roanoke, Lynchburg
Tim Rowe will be president of Virginia Credit Union division Member One’s markets in the Roanoke and New River valleys and Lynchburg, as the former Roanoke credit union integrates with VACU. Member One Federal Credit Union and VACU finalized their merger Aug. 1, creating a combined institution with 500,000 members and $7[...]
BWX Technologies names Nuclear Operations Group head
BWX Technologies has tapped Gary D. Camper to be president of BWXT Nuclear Operations Group, according to a Tuesday announcement. Based in Lynchburg, Camper will lead more than 5,000 employees at five sites across four states, all of whom are manufacturing nuclear reactor components and fuel for U.S. Navy submarines and aircraft[...]
Taubmans give $25 million for Carilion cancer center
Carilion Clinic will soon break ground on a new building for an expanded cancer program thanks to a $25 million gift from a Star City family, the largest ever made to the nonprofit health care system. The gift from former Advance Auto Parts CEO Nicholas Taubman, also a past U.S. ambassador to Romania, and his […]
Roanoke-area pediatrician is suspended over alleged sexual, profane comments
Following complaints from co-workers and patients’ parents over sexual and profane comments, the Virginia Board of Medicine suspended the medical license of Roanoke-area pediatrician Dr. Dalton M. Renick on Aug. 22, stating that “a substantial danger to public health or safety” warranted Renick’s summary suspension. The board’s Notice of Formal Hearing included allegations that Renick, […][...]
Va. Western Community College president to retire
President of Virginia Western Community College since 2001, Robert Sandel steered the two-year, public higher education institution into the 21st century, more than doubling enrollment and overseeing more than $138 million in construction and renovations. On Monday, the Roanoke-based college announced Sandel’s plans to retir[...]
Appalachian Community Capital to launch Green Bank
Appalachian Community Capital, the Christiansburg-based community development financial institution for the Appalachian Valley, plans to launch the Green Bank for Rural America with a $500 million award from the Environmental Protection Agency, it announced Friday. Focused on financing up to 2,000 new energy projects that could [...]
Solar startup moving into Bedford plant, creating 104 jobs
Solar energy startup Solarix plans to invest $63 million to start a solar module manufacturing facility in eastern Bedford County and create 104 jobs, the company, the Lynchburg Regional Business Alliance and the Bedford County Office of Economic Development announced Thursday. Solarix, which bills itself as a 100% American-ow[...]
Virginia Credit Union-Member One merger approved
Virginia Credit Union’s merger with Roanoke-based Member One Federal Credit Union was finalized Thursday, following a vote by Member One’s customers to approve the deal announced in January. Effective Thursday, Member One becomes a division of VACU “as the organization works toward full integration of its syste[...]
Big deals
These economic development announcements were some of the largest in Virginia for 2023 and the first half of 2024: CENTRAL VIRGINIA Chesterfield County: In April, the offices of U.S. Sens. Tim Kaine and Mark Warner and U.S. Rep. Jennifer McClellan announced that Danish electrolyzer manufacturer Topsoe plans to build a $400 milli[...]
New River auto group divests two more dealerships
On July 15, New River Valley automobile dealer Gary Duncan sold his Christiansburg Honda and Hyundai dealerships to New River Valley-Owned Shelor Motor Mile. Duncan declined to provide financial details. Representatives from Shelor Motor Mile did not respond to requests for comment. The deal follows Duncan’s 2022 sale of his R[...]
For The Record August 2024
CENTRAL VIRGINIA Tobacco giant Altria Group, headquartered in Henrico County, will be allowed to market four different menthol-flavored e-cigarettes, the U.S. Food and Drug Administration said June 21. The announcement came two months after the Biden administration controversially delayed a decision on banning menthol cigarette sales. Marketed under Altria’s NJOY brand, the products are the […][...]
Liberty, Falwell Jr. reach global settlement
Liberty University and Jerry Falwell Jr. have reached a global resolution agreement that settles all three lawsuits between the Lynchburg private Christian university and Falwell, Liberty’s former president and chancellor who was forced to resign in 2020 in disgrace. In a joint statement released Friday afternoon, Liberty [...]
