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Roanoke Valley confronts hotel room shortage
As a trio of hotels shuttered in the city over the past several years, the number of rooms available in Roanoke to travelers has shrunk. Two hotels — the Blue Ridge Hotel & Conference Center, which closed in late 2019, and a Days Inn that shuttered in 2022 — were replaced by multifamily developments. And […]
As Costco rumors swirl, Botetourt OKs agreement
Costco rumors grow after Botetourt County approved an agreement for a national destination retailer near Interstate 81 in Daleville.
Yokohama Tire plans 392 layoffs in Virginia
Yokohama Tire will lay off 392 workers and reduce production at its Salem plant, with a full closure possible in September.
Six nursing facilities in western Virginia apparently sold to California investor
CareTrust REIT appears to have acquired six skilled nursing facilities in western Virginia for about $142 million.
Centra’s $600M+ capital upgrades include new hospital tower
What’s expected to be a three-year, $400 million construction project is underway at Centra Lynchburg General Hospital (LGH). A new six-story tower will add 266,200 square feet to the hospital and marks the biggest portion of more than $600 million in recent capital investments by Centra Health, a regional nonprofit health[...]
Virginia Tech receives $20M anonymous donation for athletics
Virginia Tech has received a $20 million anonymous donation, the largest gift in the school’s history, toward the school’s athletics program.
Manufacturer to invest $4.9M in Franklin County expansion
Cornerstone Building Brands will invest $4.9M to expand its Franklin County manufacturing campus, adding 50 jobs and boosting capacity.
Appalachian Community Capital announces new CEO
Christiansburg-based financial institution Appalachian Community Capital has named Daniel Wallace its next president and CEO.
Brown Edwards acquires Lynchburg-based accounting firm
Brown Edwards has acquired Lynchburg-based Shelton & Co., an accounting practice known for its construction industry expertise.
Defense contractor to add 288 workers at Roanoke night-vision goggle factory
Elbit Systems of America will invest $30 million to expand its Roanoke County manufacturing facility and create 288 jobs.
Schewels Home acquires Richmond-area Central Furniture
Lynchburg-based furniture retailer Schewels Home is opening its newest location in Henrico County following the acquisition of Central Furniture.
Engineering dean named Virginia Tech’s next provost
Julie Ross will become Virginia Tech’s next executive vice president and provost in 2026, succeeding Cyril Clarke.
