Industries

For the Record - Hampton Roads, November 2010

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InMotion Hosting, a technology services company based in Marina Del Rey, Calif., began an expansion of its Virginia Beach operations and plans to hire 275 workers over the next three years. InMotion has 85 employees there already and leased 18,000 square feet of office space for additional technical workers, sales staff and web designers.  (The Virginian-Pilot)

ISHPI Information Technologies Inc., a South Carolina defense contractor, opened an office in Suffolk with plans to hire 200 people during the next two years. The company supports the security and defense sectors with engineering cyber information, integration and IT services. (The Virginian-Pilot)

Lindsey Brothers Inc., a Virginia Beach provider of HVAC and plumbing services, was named business of the year by the Virginia Beach Department of Economic Development at the Virginia Black Expo. (News release)

A little-known Cleveland-based firm, Cleveland Ship LLC, has bid to acquire the entire shipbuilding unit of Northrop Grumman Corp., including the big shipyard in Newport News that builds aircraft carriers and submarines for the Navy. Terms of the offer have not been disclosed. (The Virginian-Pilot)

Raytheon Co. will lay off 82 employees at NASA Langley Research Center, Hampton, because it lost an IT services contract to Stinger Ghaffarian Technologies Inc. of Greenbelt, Md. The five-year contract is worth up to $183 million. Stinger may hire some of Raytheon’s employees. (The Virginian-Pilot)

Smithfield Foods Inc., a Smithfield-based pork producer, sold its 49 percent stake in the Butterball turkey company to its joint-venture partner Maxwell Farms Inc. for $175 million. Smithfield said its minority position did not allow it to pursue what it considered a needed growth strategy. The proceeds will be used to pay down debt. (Daily Press)

Virginia Beach bought a 10.6-mile rail line from Norfolk Southern Inc. for $40 million. The property runs along Interstate 264 and is considered by many to be ideal for a light rail operation. The city will pay $15 million in the deal, along with $20 million from the state and $5 million from Hampton Roads Transit. (The Virginian-Pilot)

The Virginia Beach Department of Economic Development received an award of excellence from the International Economic Development Council for its Wall Street Journal ad campaign, which targeted national businesses in marketing the city’s business opportunities. (News release)

Ware Insurance Agency of Virginia Beach was selected by the Independent Insurance Agents & Brokers of America to take part in its annual “Best Practices” study group. The survey of 224 agencies across the country documents how they operate and uses their example to educate the industry on how the country’s best agencies are run. (News release)

The Williamsburg Pottery Factory will undertake a $20 million expansion and renovation scheduled for completion in 2012. Plans call for 160,000 square feet of new retail space at the James City County facility. Old buildings will be replaced with new outbuildings, a live music venue and a design reminiscent of a “European market” theme. (Daily Press)


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