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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 […]
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[...]
ROA passenger traffic up 7.1% from last year
The Roanoke-Blacksburg Regional Airport’s (ROA) January grew 7.1% on a year-over-year basis, with 53,016 passengers flying in January 2020, the airport announced Friday. ROA has sustained passenger growth since September 2016. In January 2019 to January 2020 there were 3,552 more passengers — 114 more passengers per day. “Passenger demand is a critical factor when […]
Bedford shopping center sells for $8.4M
A shopping center in Bedford has sold for $8.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Bedford Plaza is a 112,649-square-foot retail center that has tenants including Dollar Tree, Goodwill, Tractor Supply, Virginia ABC, the Virginia Department of Motor Vehicles, among restaura[...]
Va. Tech selects architecture firm for first Innovation Campus building
Virginia Tech has selected Detroit-based architecture and planning firm SmithGroup to design the first academic building for its Innovation Campus in Alexandria, the university announced Friday. SmithGroup responded to a public request for proposals (RFP) issued last summer by Tech after its June announcement that it would build[...]
Carter Machinery Co. Inc. acquires Baltimore tractor company
Salem-based Carter Machinery Co. Inc., an independent dealer of Caterpillar Inc. equipment, entered into an agreement to acquire Baltimore-based Alban Tractor Co. Inc. effective Feb. 4, the company announced Wednesday. Financial terms of the acquisition were not disclosed. Carter Machinery will become the Caterpillar dealer in a territory that will now include Northern Virginia, Washington, […][...]
Custom Truck One Source adding 61 jobs in Bedford County
Custom Truck One Source will expand its manufacturing business in Bedford County, investing $2.6 million and creating 61 jobs, Gov. Ralph Northam announced Tuesday. The Kansas City, Missouri-based company plans to double production at its specialized truck and heavy equipment plant in Bedford’s Forest area to meet growing demand. “Custom Truck One Source has been […]
Mack Trucks plant in Roanoke County to create 250 jobs
Gov. Ralph Northam announced Thursday that Mack Trucks will create 250 jobs at a Roanoke County facility building a new line of medium-duty trucks. The company, part of the Volvo Group, plans to invest $13 million in the project, according to state and county officials. The plant, to be known as Mack’s Roanoke Valley Operations […]
Carilion Clinic generated more than $3.2B in 2018, study shows
Roanoke-based Carilion Clinic generated more than $3.2 billion in economic impact and approximately 24,000 jobs in Virginia in 2018, according to a Carilion-commissioned study released Wednesday from the University of Virginia’s Weldon Cooper Center for Public Service’s Center for Economic and Policy Studies. Using data from Oct. 1, 2017, through Sept. 30, 2018, the economic […][...]
Roanoke-Blacksburg Regional Airport saw 17.7% increase in December
The Roanoke-Blacksburg Regional Airport (ROA) saw a traffic increase of 17.7% increase from December 2018 to December 2019, the airport announced Tuesday. For the year, ROA saw an 8.9% overall increase in passenger traffic — more than 719,000 passengers flew in 2019, compared to 660,000 in 2018. In December 2019, 61,827 passengers flew via ROA, […]
Gentry Locke announces 2020 management committee
Roanoke-based law firm Gentry Locke appointed one managing partner and five partners from its Roanoke and Richmond offices to its 2020 management committee, Gentry Locke announced Tuesday. Managing Partner Monica T. Monday will lead the management committee. Monday has been the firm’s managing partner since 2013 and in her[...]
Roanoke’s Poe & Cronk Real Estate Group names new president
Roanoke-based commercial real estate agency Poe & Cronk Real Estate Group has promoted Matt Huff as its new president, Poe & Cronk announced Tuesday. Huff joined Poe & Cronk in 2008 and in 2015 became the firm’s first executive vice president and chief operating officer. He succeeds Dennis Cronk, who will serve[...]
