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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.
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.
