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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 r[...]
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 h[...]
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 [...]
Framatome Inc. taps new CEO and president
Starting Aug. 8, Anthony “Tony” Robinson will take over as the next CEO and president of Framatome Inc., the North American subsidiary of the French nuclear equipment, services and fuel producer. A former executive for Framatome and BWX Technologies, Robinson replaces Katherine Williams, who retired after 20 years wo[...]
Carilion Clinic CEO Agee announces retirement
After more than a decade at the helm of Carilion Clinic, Nancy Howell Agee plans to retire at the end of September, the health system announced Wednesday. Steve Arner, who was promoted to president in May 2023, will replace her as Carilion’s top executive, effective Oct. 1. Agee was born at Roanoke Memorial and later [&hel[...]
Inova Fairfax Hospital ranks No. 1 in Va. for fourth year
For the fourth consecutive year, Inova Fairfax Hospital in Falls Church has taken the No. 1 spot in Virginia on the U.S. News and World Report’s annual list of the best hospitals in the nation, released Tuesday. The Inova Health System hospital also ranked first in the Washington, D.C., metro area for the fourth straight[...]
Homestead Creamery to expand Franklin County facility
Dairy products maker Homestead Creamery will carry out a $2.5 million renovation and expansion of its Franklin County production facility, Gov. Glenn Youngkin announced Wednesday. The company will build a new ice cream production room and install additional production and refrigeration equipment and freezers. The expansion is in[...]
