The General Assembly allocated $1 million in grants to redevelop port-related properties in Virginia’s “port host communities,” including Newport News, Norfolk and Portsmouth, Gov. Ralph Northam announced Tuesday. The goal of the funding is to enable timely redevelopment of port structures for economic development and employment growth, according to the Department of Housing and Community
In the Virginia Maritime Association’s 100th year, Ashley McLeod has a wish for inland businesses to recognize the impact of the Port of Virginia on the entire state. “One in 10 jobs in Virginia is related to maritime supply chains,” says McLeod, the association’s vice president for communications and marketing. “We want to be there
Globally sourced and distributed tea company will expand East Coast operations.
Rohnert Park, California-based wellness tea company Traditional Medicinals Inc. will invest $29.7 million to establish its East Coast operation, an herbal tea manufacturing and processing plant, in Franklin County’s Summit View Business Park, creating 56 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 125,000-square-foot facility for production of its organic and herbal
Ruth Industrial LLC buys 55-acre property in Chesapeake
A 55-acre deep-water terminal in Chesapeake has been sold to Norfolk-based Ruth Industrial LLC for $8.15 million, Cushman & Wakefield | Thalhimer announced this week. The property at 700 Rosemont Ave. includes about 60,000 square feet of industrial space and a 400-foot concrete pier. The seller is OEP Rosemont LLC, based in Atlanta, which bought
The project to make Virginia the East Coast’s deepest port launched 2.5 years early.
The dredging project to make Virginia the East Coast’s deepest port has begun nearly two-and-a-half years earlier than expected, The Port of Virginia announced Monday. Dredging work started Dec. 2 to deepen the western side of Thimble Shoal Channel to 56 feet for commercial channels. After the dredging, the Norfolk Harbor will be able to
Nearly 30 meetings planned during stops in Tel Aviv, Jerusalem and Dubai.
It aims to boost exports 50% by 2035.
Colorado-based SRP Companies investing $1.16 million
An expanding Port of Virginia considers new revenue opportunities
Virginia International Gateway in Portsmouth now has largest cranes on the East Coast.