Limbgear, a manufacturer of apparel and accessories that incorporate MP3 players and video gaming devices in their design, established its product development and business operations in Blacksburg. (News release)
Luna Innovations Inc., a Roanoke-based technology company, laid off 20 employees at its offices around the state, citing the decline in the national economy. (The Roanoke Times)
Nautilus Inc., a Vancouver, Wash.-based manufacturer of fitness equipment, will invest $1.7 million to expand its Grayson County operation. The company will create 60 jobs in adding a line of cardio exercise equipment. Virginia competed with Oregon and China for the investment. (News release)
North American Housing Corp., a manufacturer of modular homes, halted production at its Boones Mill facility because of the weakened housing market. Forty employees were laid off in what was described as a temporary measure. About a dozen remain in truss building and sales operations. The company said it will also continue work at its Front Royal facility. (The Roanoke Times)
VT KnowledgeWorks, a Blacksburg-based business incubator, won the award for Most Promising New Incubator at the Science Alliance Conference on Best Practices in Science-Based Incubation. The award, presented in Paris, was a competition involving 50 technology incubators from 20 countries. (The Roanoke Times)
The Virginia Tech Transportation Institute of Blacksburg, in an effort to set up future stability through cost-cutting measures, laid off 20 workers, 16 of them part-timers, in a variety of departments. (The Roanoke Times)
Volvo Trucks North America announced three one-week shutdown periods in the first quarter of 2009 as a reaction to the softening demand in the truck market. The plant has 1,400 workers, and 973 others are classified as permanently laid off from pervious cutbacks. The company is also curtailing work at its Hagerstown, Md., plant. (The Roanoke Times)
Wolverine Advanced Materials, a Dearborn, Mich.-based manufacturer of auto parts, laid off 50 hourly workers and five salaried employees at its two Blacksburg locations. The cuts came in response to the slowing economy. (The Roanoke Times)
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