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“Port host communities” receive revitalization funds
Port Host Communities Revitalization Funds will assist projects in Newport News, Norfolk and Portsmouth.
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
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Maritime Association turns 100, eyes expansion
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
Here’s the tea: Traditional Medicinals to invest $29.7M in Franklin County
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
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Deep-water terminal sold for $8.15 million
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
Port of Virginia begins $350M dredging project
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
Virginia trade delegation visiting Israel and United Arab Emirates
Nearly 30 meetings planned during stops in Tel Aviv, Jerusalem and Dubai.
Northam unveils Virginia trade plan
It aims to boost exports 50% by 2035.
Consumer goods supplier relocating warehouse operations to Virginia Beach
Colorado-based SRP Companies investing $1.16 million
Casting a wider net
An expanding Port of Virginia considers new revenue opportunities
Port of Virginia completes $320 mil expansion
Virginia International Gateway in Portsmouth now has largest cranes on the East Coast.