For the Record - Southern Virginia

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Averett University received approval to offer a bachelor’s degree in nursing from the Southern Association of Colleges and Schools. The college’s Riverview Campus will serve as the academic center for the new offering. (Danville Register & Bee)

Basset Furniture Industries was added to the broad-market Russell 3000 and small-cap Russell 2000 stock indexes. Membership remains in effect for a year. (The Roanoke Times)

Danville received an award from the Southern Economic Development Council for best practices in its plans for redeveloping and rebranding the downtown and tobacco warehouse districts as the River District. The city also is leading a community effort to restore vacant and blighted buildings and find new tenants. (Danville Register & Bee)

The Danville Regional Foundation announced it will commit $10 million over the next five years to make the area more attractive for entrepreneurs. The funds will be funneled through the Southside Business Technology Center, which will refocus its mission to recruit entrepreneurs to Danville and retain them. The center also plans to move from the Dan River Business Development Center to the city’s River District. (Danville Register & Bee)

Gamewood Technology Group and Danville have moved forward on a program to bring fiber-optic cable to homes in the city. The first phase involved upgrading the infrastructure in a neighborhood of 460 homes near Averett University. The second phase will make the network available to another 700 homes. Homeowners will have the option to use the network’s Internet, cable, phone and home security services. (Danville Register & Bee)

Hybrid Vehicles of Danville Inc. bought the Wickes Lumber Building off West Main Street for the location of its manufacturing facility. The 44,000-square-foot building cost $348,000. The company plans to hire about 150 workers over the next three years in manufacturing kits to retrofit vehicles with hybrid engines. (Danville Register & Bee)

Martinsville’s MasterBrand Cabinets plant closed in August, putting 335 people out of work. The plant’s closure comes about eight years after Virginia officials announced the facility’s arrival. The state offered the Indiana-based company a number of incentives, including $1.5 million in grants from the Governor’s Opportunity Fund. 
(The Roanoke Times)
The Integrative Centers for Science and Medicine received a five-year lease on a building in downtown Martinsville where it hopes to establish a medical school in the city. Dr. Mervyn King provided ICSM with the building for $10,000 a year. With access to a building, ICSM has undertaken a campaign to raise $1 million to initiate programs. (Martinsville Bulletin)

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