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Martinsville bank sells Justice family’s overdue loans to Omni Hotels entity
Carter Bankshares sold $209.48 million in past-due loans tied to the Justice family to a subsidiary of TRT Holdings, owner of Omni Hotels & Resorts.
Pittsylvania celebrates rocket motor factory
Hurt Mayor and Pittsylvania County native Gary Hodnett remembers the families who had to pack up their lives and move to find work after Burlington WorldWide shut down its operation there in 2007, laying off about 500 employees. And so, Hodnett certainly celebrated in February when Avio USA, the Arlington County-based U.S. subsi[...]
Bobe to leave Danville economic development for regional foundation
Corrie Teague Bobe is stepping down as Danville's director of economic development and tourism to join the Danville Regional Foundation as director of economic development and regional collaboration.
Berry Hill Megasite sale could bring $73B project
A $73 billion data center project could come to the Berry Hill megasite after officials approved a land sale deal with Stack Infrastructure.
Investor buys Morgan Olson facility in Pittsylvania
An investment buyer purchased the 927,500-square-foot Morgan Olson manufacturing plant at Cane Creek Centre in Pittsylvania County.
Fukoku Korea to invest $18.9M in Henry manufacturing facility
Fukoku Korea will invest $18.9 million to open a manufacturing plant producing automotive components in Henry County, Virginia, creating 60 jobs.
AeroFarms works toward sale of Pittsylvania location; closure delayed
AeroFarms works through a sale process as its Danville vertical farm faces possible closure and 145 job losses.
Hitachi Energy powers up $457M expansion in South Boston
Hitachi Energy will invest $457 million to expand power transformer production in South Boston, creating 825 jobs and building the nation’s largest large transformer plant.
Southern Virginia’s ready to capitalize on manufacturing
Southern Virginia is attracting major manufacturing investments in 2025, including expansions by Hitachi Energy and new facilities by WB Alloys and Nathan Trotter.
Avio USA picks Pittsylvania for $500M solid rocket motor plant
Avio USA will build a $500 million rocket motor plant in Pittsylvania County, creating 1,000+ jobs in defense and space manufacturing.
RIFA backs incentives deal for Pittsylvania industrial site
The Staunton River Regional Industrial Facility Authority approved a performance agreement in advance of an announcement from the governor.
VCU Health opens helicopter base at South Hill hospital
VCU Health adds LifeEvac 5 air ambulance base in South Hill, cutting response times for critical patients.
