FOR THE RECORD - Southwest Virginia, August 2010

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Evatran LLC plans to invest $3.5 million in a production plant in Wythe County that will create 84 jobs. The company, a subsidiary of Wytheville-based MTC Transformers, will produce “plugless” charging systems for battery-powered vehicles. Evatran plans to offer the technology commercially next year. (Richmond Times-Dispatch)

Martin Bros. Contractors of Roanoke received a $5 million contract to renovate the City Market Building in downtown Roanoke. The work will involve replacement of plumbing, sewer lines, exhaust systems and other infrastructure. The facility will close on Labor Day and reopen Memorial Day 2011.  (The Roanoke Times)

Meridium Inc., a Roanoke-based software company, bought a 44,000-square-foot headquarters building on Bullitt Avenue in downtown Roanoke. The purchase doubles the office space for the company’s 100 employees.
(The Roanoke Times)

Roanoke Hotel Group LLC opened Virginia’s first Cambria Suites hotel in Roanoke. The 127-suite, upscale facility is a brand under Choice Hotels International Inc. (The Roanoke Times)

The State Corporation Commission approved a 14 percent rate increase for Craig-Botetourt Electric Cooperative, the first since 2005. The co-op serves 7,000 customers throughout several counties in Southwest Virginia and parts of West Virginia. (The Roanoke Times)

Valley Bank took ownership of a vacant Ukrop’s Super Market store in Roanoke and its surrounding real estate, with the intention of developing the retail center and selling it. The bank placed the sole bid, $18.6 million, to purchase the 10-acre Ivy Market development, which is in foreclosure.  Valley Bank was the lender to IMD Investment, the owner and developer of Ivy Market. (The Roanoke Times)

Vaughan-Bassett Furniture will spend $1 million on an expansion of its Galax plant. The company, which manufactures wooden bedroom furniture, will add a 16,000-square-foot building, but it is unclear how many jobs will be created from the project. (The Roanoke Times)

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