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Hooker Furnishings closes $6.1M sale of two brands
Hooker Furnishings has sold its Pulaski Furniture and Samuel Lawrence Furniture brands to Magnussen Home Furnishings for approximately $6.1 million.
AeroFarms to close Pittsylvania operations; 173 to lose jobs
AeroFarms plans to shut down its Danville-area vertical farm, laying off 173 workers after a key investor backed out.
Hooker Furnishings to sell two brands for $4.8M
Martinsville-based Hooker Furnishings is selling two case goods brands to Magnussen Home Furnishings for approximately $4.8 million.
Mecklenburg Electric Coop wrestles with data center energy demand
Mecklenburg Electric Cooperative petitions state to increase rates for large-load consumers, to cover their increased infrastructure costs
Danville cracks down on River District parking
Danville faced a problem, but it was a good kind of problem to have. Its downtown, once a landscape of former tobacco and textile buildings, had been so successfully revitalized that parking had become a headache. “Timed parking was not being enforced,” says Alyssa Turner, interim executive director of the River District Ass[...]
Virginia casinos report $73M in September revenue
September gaming revenues for Virginia’s three casinos totaled $73.08 million, down almost 14% month-over-month but up 29% year-over-year
Averett gets OK to proceed with North Campus sale
Averett University won bondholder approval for an $18.15M North Campus sale-leaseback to help stabilize its finances.
Hooker Furnishings CAO to depart in cost-cutting plan
Hooker Furnishings is parting ways with its chief administration officer as part of its ongoing cost-cutting initiatives.
Danville invests $3 million to prep Coleman site
In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Road known as the Coleman site, which is being readied for industry. In July, council members unanimously agreed to move $3 million from the city’s gas fund to its economic development fund to meet grant matching requirements. [...]
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.
