Central Virginia
Atlantic Union Bank names CIO
Matt Linderman was chief technology officer for PNC
Published
Matt Linderman is Atlantic Union Bank’s new chief information officer, the bank’s Richmond-based holding company, Atlantic Union Bankshares Corp., announced Friday. Linderman was previously the chief technology officer of PNC
Petersburg casino bill moves to Senate committee
Measure would prevent second Richmond referendum
Published
A Virginia State Senate bill that would allow Petersburg residents to vote on allowing a casino in their city is still in play, following a 7-2 vote by the Senate
Charlottesville chamber CEO to step down
Elizabeth Cromwell to leave Feb. 17
Published
Charlottesville Regional Chamber of Commerce President and CEO Elizabeth Cromwell will step down in February after four years helming the organization, the chamber said Tuesday. Cromwell’s last day is Feb.
Framatome CEO retiring; CFO to be promoted
Katherine Williams to become CEO of Lynchburg nuclear company in July
Published
Framatome Inc. President and CEO Gary Mignogna will retire July 1, and Chief Financial Officer Katherine Williams will succeed him, the Lynchburg-based nuclear reactor and fuel company announced Tuesday. Mignogna
Eastern Virginia
Norfolk’s MacArthur Center mall listed for sale
JLL is marketing the downtown mall
Published
Downtown Norfolk’s struggling mall, MacArthur Center, is officially on the market. A listing from real estate company JLL describes the 23-acre property as “a compelling redevelopment opportunity.” The listing encourages
Rocket Lab launches first mission from U.S. soil
HawkEye 360 satellites launched from NASA Wallops facility in Accomack
Published
After more than a month’s delay, Rocket Lab USA’s first launch from U.S. soil at NASA’s Wallops Flight Facility in Accomack County blasted off Tuesday evening. The mission, “Virginia is
HII names new exec VP, CIO
Chris Soong promotion effective April 1
Published
Newport News-based Huntington Ingalls Industries has promoted Chris Soong to executive vice president and chief information officer, the Fortune 500 federal contractor announced Tuesday. Soong’s promotion is effective April 1.
Dollar Tree CEO resigning; former Dollar General CEO to replace him
Rick Dreiling to become CEO on Jan. 29
Published
Dollar Tree Inc. CEO Mike Witynski will leave the Chesapeake-based Fortune 500 discount retailer and its board effective Jan. 29, with Executive Chairman Rick Dreiling becoming the next CEO, the
Northern Virginia
Manassas company to develop short takeoff, landing aircraft for Air Force
Electra developing $85M prototype that can operate in soccer field-sized spaces
Published
Manassas-based aerospace company Electra.aero Inc. has received a Strategic Funding Increase award from the U.S. Air Force’s AFWERX arm that secures up to $85 million for development of a prototype
Reston contractor lands $235M extension for Iraq base support
Acuity International contract with Air Force extends into 2024
Published
A subsidiary of Reston-based federal contractor Acuity International LLC won a $235.6 million U.S. Air Force contract modification to provide base support and security services for the Iraq F-16 program,
Rocket Lab launches first mission from U.S. soil
HawkEye 360 satellites launched from NASA Wallops facility in Accomack
Published
After more than a month’s delay, Rocket Lab USA’s first launch from U.S. soil at NASA’s Wallops Flight Facility in Accomack County blasted off Tuesday evening. The mission, “Virginia is
Leidos wins $1.5B Social Security Administration contracts
Reston contractor will provide IT services
Published
Leidos Inc. won two Social Security Administration IT task orders with a combined potential value of $1.5 billion, the Reston-based Fortune 500 contractor announced Monday. The task orders fall under
Roanoke/New River Valley
10 Va. companies graduate VEDP export program
VALET program for international exports has 350 graduates
Published
Ten Virginia companies are the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, which helps companies work on international export growth strategies,
Roanoke custom printing company buys building for $1.65M
Press Press Merch makes posters, postcards and promo items
Published
Roanoke-based custom screen-printing and embroidery company Press Press Merch LLC purchased a Roanoke County building for $1.65 million as its new business location, Cushman & Wakefield | Thalhimer reported Wednesday.
Roanoke couple gives Carilion $1M toward expanding cancer services
Donation comes from George and Helen Logan
Published
Roanoke businessman George Logan and his wife, Helen Harmon Logan, have donated $1 million to Carilion Clinic to help fund expansion of the Roanoke-based health system’s cancer services. “The Logans
Manufacturer plans $40.2M expansion in Floyd
Hollingsworth & Vose expected to add 25 jobs
Published
Massachusetts-based advanced materials manufacturer Hollingsworth & Vose will invest $40.2 million to expand its Floyd County operation, a project expected to create 25 jobs, Gov. Glenn Youngkin announced Tuesday. H&V
Shenandoah Valley
Cadence acquires Conn. device components manufacturer
Staunton medical device manufacturer closed on Utitec
Published
Staunton-based medical and drug delivery devices manufacturer Cadence Inc. has acquired Connecticut-based miniature medical device components manufacturer Utitec Inc., Cadence announced Tuesday. Financial details of the transaction were not disclosed.
MGCC workforce center to offer trades training
Published
The Mountain Gateway Community College Real Estate Foundation will renovate a downtown Buena Vista building into the Wilson Workforce Development Center, likely starting early this year. It’s named for Buena
Wholesome Foods to expand in Shenandoah County
$1.2M expansion to create 12 jobs
Published
Wholesome Foods Inc. will expand its meat processing operation in Shenandoah County by adding a new, USDA-inspected slaughter facility with a $1.2 million investment, creating 12 jobs, Gov. Glenn Youngkin
State industrial fund awards $24.7M to projects
White Mill, John Randolph Hotel among awardees
Published
The governor announced more than $24.7 million in Industrial Revitalization Fund grants going to construction projects across Virginia on Tuesday, including Danville’s White Mill, South Boston’s John Randolph Hotel and
Southern Virginia
Democrats call out Youngkin on Ford plant decision
Lawmakers say governor harmed SoVa economic prospects
Published
Democratic state delegates excoriated Virginia Gov. Glenn Youngkin on Tuesday for taking Virginia out of the running for a $3.5 billion Ford Motor Co. battery manufacturing plant that would have
White Mill project renamed ‘Dan River Falls’
Groundbreaking held for $100M Danville redevelopment project
Published
The city of Danville and The Alexander Co. held a groundbreaking Thursday for the redevelopment of the long-vacant White Mill in Danville’s River District. At the ceremony held Thursday in
NY textiles company to buy Patrick County HanesBrands facility
Apex Mills will retain 96 jobs, create 44
Published
New York-based specialty textile manufacturer Apex Mills Corp. will invest $3.1 million to acquire the former HanesBrands facility in Patrick County, along with the plant’s equipment. The acquisition will retain
Caesars ups the ante on Danville casino
Published
Since its approval by Danville voters in November 2020, plans for a casino in the city have shifted. In August 2022, Caesars Entertainment Inc. announced a partnership with the Eastern Band
Southwest Virginia
United Way of SWVA appoints development/outreach VP
Beth McConkey comes from Community First Foundation
Published
The United Way of Southwest Virginia has named Beth McConkey as its new vice president of development and outreach, the organization announced Thursday. McConkey oversees the marketing and communications and
Southwest Virginia could get small modular nuclear reactor
Published
In early October, Gov. Glenn Youngkin announced his goal of developing a small modular nuclear reactor (SMR) in Southwest Virginia within 10 years, part of a plan to make the
SWVA child care initiative receives $1.24M grant
Governor approved grant to fill early education positions
Published
The New River/Mount Rogers Workforce Development Board will receive $1.24 million in grant funding for Ready SWVA, a child care initiative launched by United Way of Southwest Virginia, Gov. Glenn
NY foundation invests $10M in Appalachian Community Capital
Gift expected to help finance 400 small businesses
Published
Appalachian Community Capital, a Christiansburg-based community development financial institution that provides capital for small businesses across the Appalachian region, will receive an additional $10 million investment in the form of
