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For the Record - Southern Virginia

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Averett University received $500,000 from the E. Stuart James Grant Charitable Trust for its health sciences initiative, which employs leading-edge technology for students in health curricula.
(Danville Register & Bee)

Dominion Resources Inc. is proposing to build a $1.1 billion natural gas-fired power station in Brunswick County to replace two coal-fired plants. Later this year, Dominion is planning to ask the Virginia State Corporation Commission for permission to build the 1,300-megawatt Brunswick County Power Station, which would generate enough electricity to power 325,000 homes. The Richmond-based energy company expects the plant to be complete by summer 2016.  The project would create 30 permanent jobs and 600 temporary jobs during peak construction. Annual property taxes will be between $3.5 million and $4 million. (VirginiaBusiness.com)

GSI Commerce is expanding in Henry County, creating 60 new jobs. GSI Commerce, which already employs 1,000 full-time and seasonal workers in Henry, provides e-commerce and interactive marketing solutions. It is headquartered in King of Prussia, Pa., and is a company of Ebay Inc. The company plans to spend $1.5 million to expand its leased fulfillment facility in Henry. Gov. Bob McDonnell approved a $75,000 grant from the Governor’s Opportunity Fund to help Henry with the project. (VirginiaBusiness.com)

Danville’s efforts to transform its economy, or to “adapt and overcome,” resonated with Ray Rodriguez. That’s partly why he and his wife, Tere, moved their company, GSO Aviation, from Greensboro, N.C., to Danville. Rodriguez envisions growing the aircraft parts repair facility to help the city create jobs and diversify its economic base. “To have this kind of operation in Danville is a great example of how we can work together to bring new businesses and new people to our community,” Mayor Sherman Saunders told 80 attendees of GSO Aviation’s opening ceremony in early March. (Danville Register & Bee)

Henry County moved forward on building a marina at Philpott Lake, committing $400,000, contingent on securing a matching amount in grants and donations. The marina was proposed as a way to increase tourism in the area. (Martinsville Bulletin)

Laminate Technologies, a Tiffin, Ohio, manufacturer of custom laminated panels and components, will invest $2 million to open a facility in Henry County. At least 30 jobs are expected to be created. Virginia competed with North Carolina for the investment. (News release)
An economic development agreement involving Danville, Pittsylvania County and the State Department of Transportation has not been met, and a $900,000 grant will have to be repaid. In 2006, as negotiations to bring Swedwood to Cane Creek Center were under way, it was expected that the company would require heavy rail use, and tracks were taken to the site. Funding for the project included the $900,000 grant from the state, with an agreement that the rails would get heavy usage within five years. However, since then Swedwood’s needs have changed and it is not using the rail spur, leaving the city and the county with an unmet obligation to use the tracks. (Danville Register & Bee)


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