- A study to test the potential of storing carbon emissions inside the Earth will officially begin today in Russell County. During the test, 1,000 tons of carbon emissions will be stored in unmineable coal seams. Researchers hope the technology will reduce the carbon emissions from coal plants. (Bristol Herald Courier)
- Earle M. Jorgensen Co. will spend $6 million to open a metal products distribution facility in Dinwiddie County. The Lynwood, Calif.-based company is one of the largest metal distributors in the world. The new facility will create 16 jobs. The company cited Virginia’s growing industrial base and proximity to existing customers as reasons for choosing Dinwiddie.
- Gov. Timothy M. Kaine has asked state agencies to reduce their spending by $49 million during the 2008, 2009 and 2010 fiscal years. The reductions are expected to help make up a state budget shortfall. Reductions include cutting $9 million in discretionary spending, including reducing travel, training and the purchase of supply and equipment. Another $7 million will be cut by not filling open state jobs and laying off 18 people in state government. Kaine has also asked agencies to find new ways to increase efficiency, hoping to save another $3 million.
For the Record
SmithGifford, a Washington-area advertising agency, opened an office in Richmond’s Shockoe Slip. The firm will share office with Spurrier Media Group and Qorvis Communications. The three firms sought, and won, the Virginia Lottery account together. The move allows SmithGifford to better expand its reach. (Richmond Times-Dispatch)
Uni-Select, a Canadian auto parts company, will buy most of Parts Depot, a Roanoke-based distributor of automotive parts that includes nine distribution centers and 67 stores in the Mid-Atlantic region. Parts Depot will keep a Florida warehouse and store operations there, as well as its Roanoke office. Parts Depot will operate as Parts Plus or Auto Plus, and no layoffs are planned for the 850 employees. William Alexander, president and chief executive officer of Parts Depot, will become regional vice president for Uni-Select USA. The move adds annual sales of $180 million to Automotive Group USA, Uni-Select’s U.S. division. (The Roanoke Times)
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