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Lego to build $1B factory in Chesterfield
Meadowville Technology Park facility will employ 1,760+ workers
It’s highly unlikely that it will be built from brightly colored plastic bricks, but the Lego Group will be bringing a $1 billion toy manufacturing plant to Chesterfield County’s Meadowville Technology Park, creating more than 1,760 jobs, the company and Virginia Gov. Glenn Youngkin announced Wednesday during a press conference at the Science Museum of
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Medical cannabis companies amass political power in Va.
Critics say state favors out-of-state pharma companies over local small businesses
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RICHMOND, Va. — Many small cannabis entrepreneurs say large companies are jockeying to lock them out of the industry and have funding that gives them more access to lawmakers. “Small businesses are the backbone of the country,” said Sarah Grant, general manager of The Dispensary in Richmond. The shop opened last year and sells Delta-8-THC
Hotel workers must complete anti-human trafficking training
Law goes into effect July 1
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RICHMOND, Va. — After a few lawmakers missed time during the session due to COVID-19, Del. Shelly A. Simonds, D-Newport News, said she was thrilled to see all 100 members of the House unanimously pass a bill requiring hotels to provide human trafficking training for employees. “It was really exciting for me to watch the
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Legislators nipped Va.’s budding cannabis industry, advocates say
General Assembly may revisit issue during April 27 special session
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RICHMOND, Va. — Jacob Williamson grows, makes and sells hemp-based CBD products through his family’s Hens and Hemp farm. He went through the permitting process to be a hemp farmer when it became legal in 2019, but now he is leaving the industry. “We can’t keep up with the multimillion-dollar cannabis industry coming into the
Median home prices rose 9% in Va. since 2021
Median home sales price in February was $350K
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The cost of buying a home in Virginia increased nearly 9% in the past year, according to a March 21 report from Virginia Realtors. The statewide median sales price in February was $350,000, or $28,550 higher than it was in February 2021. That’s an 8.9% increase and the sharpest gain since June 2021. Not only
Report: Va. data center projects totaled $6.8B in 2021
Centers made up 62% of state economic development announcements
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Data centers are a primary driver of economic growth in Virginia, comprising $6.8 billion or 62% of all major economic investments announced last year by the Virginia Economic Development Partnership, according to a new report released Thursday by the Northern Virginia Technology Council (NVTC). While the total for 2021 represents a decrease from 2020, when
Richmond pares down Diamond District developer pool
Remaining six applicants to provide more info by April 25
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Story updated, March 24 at 11:45 a.m. The city of Richmond announced Wednesday that six competing development teams have been chosen out of 15 applicants to continue in the competition to redevelop the Diamond District area near the Richmond Flying Squirrels’ stadium. The city requested applications late last year for the 67.57-acre site, which would
Smithfield Foods donates $2M to Ukraine relief efforts
Many Va. companies donating to World Central Kitchen
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Virginia-based Smithfield Foods Inc. announced a $2 million donation to relief efforts in Ukraine Monday. The nation’s largest pork processor and hog producer donated $250,000 each to the Global Red Cross Network, Mercy Chefs, Save the Children and World Central Kitchen. “Like the rest of the world, we are humbled and moved by the resilience
Rising interest rates not enough to deter homebuyers
Home inventory bigger problem, experts say
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Even the Federal Reserve hiking interest rates likely won’t be enough to cool down the hot real estate market in Virginia, experts say. In an attempt to slow the highest inflation rates in 40 years, Fed officials voted on March 16 to raise the benchmark federal funds rate by a quarter percentage point to a
College sports wagering bill wasn’t good bet
Va. residents still can't bet legally on in-state teams
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RICHMOND, Va. — Six Virginia men’s and women’s basketball teams made it into March Madness, but state law prevents fans and bettors from placing wagers on their favorite in-state college teams. Lawmakers attempted to change that law this session. Sen. Monty Mason, D-Williamsburg, introduced Senate Bill 576 that would allow Virginia sports bettors to bet