Industries

Central Virginia—For the Record

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AT&T Inc. announced plans to spend $100 million to boost signal strength for cell phone customers in Virginia. The company will install 76 new transmission

sites in Richmond, Hampton Roads, Roanoke, Charlottesville, Harrisonburg, Danville and Lynchburg. During 2007, AT&T installed 68 new sites to its network

throughout the state. (Richmond Times-Dispatch)

CarMax Inc., a Richmond-based retailer of used cars, was named to Computerworld’s annual ranking of the top-100 work environments for information technology

professionals. This marks the first time the company was placed on the list. (News release)

MeadWestvaco Corp., a paper products producer headquartered in Richmond, completed the sale of its North Charleston, S.C., paper mill and other related

assets to KapStone Paper and Packaging Corp. of Northbrook, Ill., for $485 million in cash. Most of the proceeds from the sale will be used to retire debt.

(Business Wire)

PBM Products LLC of Gordonsville, a producer of specialized foot and pharmaceutical products, developed a soy milk-based adult nutritional beverage

formulated for persons who are lactose intolerant, allergic to cow’s milk, or prefer a vegetarian diet. A-Soy is intended as a meal replacement or as a

filling snack. (News release)

Piper Jaffray & Co., a Minneapolis-based investment bank and securities firm, opened an office in Richmond in an effort to build its presence in the public

finance banking market on the East Coast. The office will be led by Tina Neal, a senior vice president and investment banker who specializes in municipal

project financings. Neal has 17 years of experience and was most recently with Ferris, Baker Watts. (Business Wire)


The Richmond Memorial Health Foundation issued grants to organizations in Central Virginia totaling $926,000. The largest award, $476,000, went to Bon

Secours Memorial Regional Medical Center for installation of the Digital Divide, a cardiovascular information technology system. The foundation supports the

efforts of not-for-profit health organization and health-care providers in the region. (Richmond Times-Dispatch)

 


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