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Pharma packaging plant closing in Mecklenburg
Nipro PharmaPackaging will close its Mecklenburg County facility by October, according to a local official, cutting 30 jobs.
Butler Human Services Furniture to close Mecklenburg operations
Butler Human Services will close two Chase City facilities in Mecklenburg County, cutting 51 jobs.
Nathan Trotter plans $65M tin processing plant in Southern Virginia
Nathan Trotter will invest $65M in a Henry County tin processing facility, creating 118 jobs and boosting the U.S. critical minerals supply chain.
Hitachi Energy to invest $457M in Virginia expansion
Hitachi Energy announced Thursday it will invest $1 billion to expand its U.S. grid infrastructure manufacturing, with roughly half of that investment going into Virginia, where it plans to add 825 jobs. The electrical equipment manufacturer will invest $457 million to build the nation’s largest manufacturing site for larg[...]
$10M fulfillment center planned at ex-military tank museum
MerryGoRound will invest more than $10M to establish a live commerce division in Pittsylvania County, creating more than 200 jobs.
Averett plans $18.15M sale-leaseback of North Campus
Averett University, which is weathering a financial crisis, seeks bondholder approval of an $18.15M sale-leaseback of its North Campus
Judge orders Averett dispute to arbitration
Averett University must resolve its $20M endowment dispute with ex-CFO and investment firm GSIS through arbitration, per federal court order.
Not wasting away: Hooker Furnishings to launch Margaritaville collection
Hooker Furnishings will launch the Margaritaville home collection at High Point Market, thanks to an exclusive licensing partnership.
Transco pipeline to expand for Virginia power demand
In May, Tulsa, Oklahoma-based energy company Williams announced an expansion of its Transcontinental Gas Pipe Line, a move designed to help meet Virginia’s voracious appetite for power. Currently extending 10,000 miles from South Texas to New York, the pipeline, better known as Transco, will be expanded to carry an additio[...]
Bassett CEO: 3 strategies drove Q2 return to profitability
Despite downward pressures stubbornly weighing on the industry, Bassett Furniture posted a return to profitability in the second quarter.
South Hill, Mecklenburg team on new industrial park
South Hill and Mecklenburg County officials want to ensure the region’s economic future doesn’t hinge entirely on data centers. This spring, county supervisors and town council members agreed to form the Route 58 Activation Corridor Regional Industrial Facility Authority. Regional authorities allow local governments [...]
Bassett CEO Rob Spilman talks tariff strategy, supply chain resilience
Henry County’s Bassett Furniture is taking a solutions-focused approach to protect profitability and support its dealer network amid uncertainty.
