Virginia Business
Crowley Foods, a Bristol producer of cultured dairy products, will close its plant with the loss of 75 jobs. H.P. Hood, Crowley’s Massachusetts-based parent
company, said no one reason was to blame, but the facility’s age and expected renovation costs played a large role in the decision. (Bristol Herald Courier)
Hollins University announced a $125 million capital campaign to bolster its endowment fund and improve campus facilities and programs. The campaign will be
the largest in the school’s history. The university already has raised about $93 million quietly over a period of about six years. (The Roanoke Times)
Jenmarr Corp., a manufacturer of roof and standing support equipment for mining and tunneling work, will invest $2.7 million to expand its Giles County
facility. About 50 jobs will be created. Virginia competed with Kentucky and West Virginia for the investment. (News release)
Southeastern Freight Lines Inc., a trucking company headquartered in Columbia, S.C., built a new terminal in Botetourt County for its Roanoke-area
operations. The $4 million investment, including land and building, will be home to six over-the-road truckers and 16 pickup-and-delivery drivers. (The
Roanoke Times)
Virginia Baptist Homes, owner of The Glebe and other retirement facilities, won a 5-2 ruling from the Virginia Supreme Court which said The Glebe can remain
exempt from real estate taxes. Botetourt County sought $500,000 in taxes it claimed were owed by the facility. A 2007 Circuit Court ruling sided with the
county’s assertion that The Glebe was more of a resort for wealthy individuals than a religious or benevolent organization and therefore not covered by the
exemption conferred by the state on Virginia Baptist Homes many years ago. (The Roanoke Times)
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