Industries

For the Record - Hampton Roads

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AVID Medical, a manufacturer of procedure trays for hospital and surgical use, will hire about 100 workers over the next year. The James City County-based company completed an $8 million expansion, which doubled the size of its plant. It serves about 1,000 hospitals and surgery centers. (Richmond Times-Dispatch)

Electric Motor and Contracting Co., a Chesapeake machinery facility, will spend $8.5 million on a 22,000-square-foot expansion and renovation, which will lead to the creation of 11 jobs with an average salary of $75,000. The company employs 200 workers. (News release)

JASE Group, a full-service advertising and marketing agency in Norfolk, is now the agency of record for Bradley Team Real Estate of Virginia Beach. JASE will handle Bradley’s online and strategic brand development and marketing initiatives. (News release)

Forbes Magazine named Lumber Liquidators, a Toano-based retailer of hardwood flooring, the top performing company on its annual ranking of America’s Best Small Companies. The list is based on earnings and sales growth. This is the first year Lumber Liquidators has made the list. (PRNewswire)

McKim & Creed, a Virginia Beach-based engineering and surveying firm, launched a mobile data collection system called MoDaC to collect 360-degree data from a moving vehicle for use in design, modeling and simulation applications on large-scale transportation projects. (News release)

TowneBank, a Hampton Roads financial institution, raised $27 million in capital through the sale of 6,900 units of its Series III Towne Investment vehicles. Each $4,000 unit was made of a convertible note for $2,000 and 150 shares of common stock. (News release)

 


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