Updated at 4 p.m. Friday The Pamunkey Indian Tribe has proposed a $350 million, 275-room resort hotel and casino in Richmond, the tribe announced Friday as the Virginia House of Delegates considers legislation to allow the Pamunkey to pursue commercial gaming in Norfolk and Richmond. The resort will include a four-diamond hotel tower with a
Jane Ferrara was formerly Richmond's senior deputy director for economic development
The Local Initiatives Support Corporation (LISC) has selected Jane Ferrara as executive director of LISC Virginia, a nonprofit organization that raises capital and creates programs to support community revitalization and economic development. Ferrara starts the new position Feb. 3. LISC has raised more than $32 million locally and has invested $639 million into Richmond-area housing,
The commercial real estate analysis company would increase to 2,000 employees.
CoStar Group, the Washington, D.C.-based commercial real estate analysis company, announced Monday it plans to build a 400,000-square-foot building in downtown Richmond, doubling its local workforce, as part of the proposed $1.5 billion Navy Hill development. CoStar would double its number of employees to 2,000 in Richmond, where it already employs nearly 1,000 people, according
Tribe has option to purchase 13.4 acres by Elizabeth River for $10 million.
The city of Norfolk and the Pamunkey Indian Tribe announced Monday that the tribe’s proposed $700 million casino along the Elizabeth River is moving closer to reality. According to a tribe press release Monday, the Pamunkey and the city have signed two agreements: an option to purchase 13.4 acres of undeveloped city property adjacent to
The expansion will create 15 jobs.
Thomasville, Georgia-based Flowers Foods will invest $25 million to expand its Lynchburg bakery into an organic facility that will create 15 jobs, Gov. Ralph Northam announced Thursday. Flowers Foods was founded in 1919 and opened its Lynchburg location 40 years ago. A publicly traded company with $4 billion in 2018 sales, Flowers Foods produces and
Kevlar manufacturing plant will add 60 jobs.
Technology-based materials producer DuPont de Nemours Inc. will invest $75 million to expand and modernize its Kevlar manufacturing plant in Chesterfield County over the next several years, Gov. Ralph Northam announced Tuesday. The DuPont Spruance factory employs 2,000 people and will add 60 more jobs as a result of the expansion. The plant, which opened
Every year, Virginia receives $10 million from the federal government for projects to redevelop land that was home to abandoned coal mines. This fall, 18 different projects applied for funding — all seeking to become models for coalfield communities recovering from the industry’s slow collapse. The applications received by Virginia’s Department of Mines, Minerals and
When the governors of Virginia and Maryland announced plans in November to replace the aging American Legion Bridge, it may have sounded like a chorus of angels to woebegone commuters who make their way across the Potomac River each weekday. “A new bridge means commuters will get to work and back home faster,” said Gov.
Robust economy has driven yearlong hotel boom
As the economy has been on the rise, so have hotels in many parts of Virginia. During the past 12 months, Virginia’s hotel industry has seen more than a billion dollars invested in hotel construction and renovation — everywhere from Richmond to Bristol. “The bulk of that is new construction,” says Eric Terry, president of
‘Up and coming’ Hill City gains recognition
Lynchburg is cool, and people are starting to notice. The Hill City still has its big, well-established players, such as Liberty University and BWX Technologies. Liberty, with its 7,000-acre campus and its online programs, has more than 2,500 faculty teaching more than 111,000 students. Its operations are estimated to generate more than $1 billion in