For the record -  Shenandoah Valley

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The Center for Advanced Engineering and Research, a Lynchburg energy-research firm, entered into a partnership with James Madison University. The partnership will provide JMU faculty with a platform to perform research and gain access to funding from state, federal and industry sources. JMU is expected to concentrate on wireless communications. The center has similar deals in place with several other Virginia colleges. (Daily News-Record)

Clarke County has created a part-time position for an economic development director. The county supervisors agreed to use $60,000 in the county budget plus $25,000 offered by the industrial development authority to fund the 25-hour a week position. Not all of the money, however, may be used for a director’s salary. (The Winchester Star)

First Bank, a Strasburg financial institution, purchased the Woodstock branch of StellarOne Bank of Charlottesville. The move will provide First Bank $15 million in assets and will be its third branch in Woodstock. StellarOne undertook the sale as an efficiency move since the branch was its only location in the Northern Shenandoah region. (The Winchester Star)

General Electric Inc. expects to close its Winchester plant next year because new lighting efficiency standards will make the bulbs produced there obsolete. The company said employees will have a chance to offer cost-saving alternatives to closing the plant. A final determination on the plant’s fate will be made by late September. About half of the facility’s 203 workers are eligible for full retirement. (The Winchester Star)

Harman Construction Inc. of Harrisonburg began work on the Hahn Cancer Center, part of the new Rockingham Memorial Hospital complex now under construction. The 83,000-square-foot facility will offer patient care and physician offices. The cancer center and the new hospital will open in June 2010. (Daily News-Record)

Home Depot, which opened a rapid deployment distribution center in Winchester in October 2008, will hire 30 additional workers. The facility employs 275 people and processes 350,000 cartons of merchandise weekly. (The Winchester Star)

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