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AeroFarms secures funding to delay Ringgold closure through February
AeroFarms received short-term funding to keep its Ringgold indoor farm operating through Feb. 27, delaying potential layoffs.
Virginia luxury packaging provider plans $34M HQ expansion
Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and more than doubling its Virginia workforce.
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.
Tourism bet pays off for Danville and Pittsylvania
In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according to data from the Virginia Tourism Corp. That’s a year-over-year increase of 23.5% — making it the fastest-growing tourism destination in Virginia. Tourism supported 2,221 local jobs and generated more than $11 million in local tax revenue across the region. One obvious […]
AeroFarms secures funding, delays Ringgold facility closure
AeroFarms secures short-term funding to continue operations and delay closure of its Danville indoor vertical farming facility.
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.
