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Amazon to open fulfillment center in Prince George County
This will create 150 jobs, paying a minimum wage of $15/hour
Seattle-based Amazon.com Inc. — which is building its $2.5 billion HQ2 East Coast headquarters in Arlington — will open a fulfillment center for its AmazonBasics line in Prince George County by the end of the year, creating 150 jobs, Gov. Ralph Northam announced Wednesday. The fulfillment center will open in the former 798,000-square-foot Ace Hardware
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City of Richmond moves up in general obligation debt rating
Moody’s designates it as a second-to-highest creditworthy entity.
Moody’s Investors Services upgraded the city of Richmond’s general obligation debt rating to Aa1, its second-to-highest creditworthiness rating, Richmond Mayor Levar Stoney announced Tuesday. A city’s credit rating determines the amount that a locality may borrow for capital projects, including schools. The city has not received an upgrade since 2014. With this change in rating,
BWX Technologies awarded $1B nuclear propulsion contract
The Lynchburg-based company has nearly $4 billion in Navy work.
A subsidiary of Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) was awarded approximately $1 billion in contracts from the U.S. Naval Nuclear Propulsion Program for the manufacturing of naval nuclear reactor components, the company announced Monday, bringing the company’s naval nuclear propulsion contracts up to nearly $4 billion. BWXT Nuclear Operations Group Inc. will
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VCU receives $2.5M grant to extend battery life development
Research could extend the life of lithium-ion batteries commonly used in smartphones and other devices
Virginia Commonwealth University researchers will receive a $2.5 million research grant from the U.S. Department of Energy (DOE) to develop long-lasting rechargeable batteries, the university announced Thursday. VCU researchers believe they can significantly extend battery life, drive down costs and reduce safety risks by redesigning materials found in lithium-ion batteries, which are commonly used to
Henrico civil engineering firm promotes two execs
Draper Aden Associates has six locations in Virginia.
Henrico County-based civil engineering firm Draper Aden Associates (DAA) promoted Sri Nathella as a principal at their Blacksburg location and Tyrus Clayton as a principal at their Raleigh, North Carolina, location, the company announced Tuesday. Nathella has 29 years of experience, 25 of which have been at DAA in environmental engineering and he leads the
Richmond’s $1.5B Navy Hill project is dead
Richmond City Council members follow through on promise to spike project.
Richmond City Council on Monday formally killed the $1.5 billion Navy Hill proposal, with seven of nine members voting to strike several elements of the plan from the council’s consent agenda. After the vote, council members passed a resolution that Richmond Mayor Levar Stoney start over with a request for proposals to develop the area
BWX Technologies lands $3.6M nuclear contract
Lynchburg federal contractor was awarded the contract by U.S. Department of Energy’s National Nuclear Security Administration
Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) has been awarded a $3.6 million contract from the U.S. Department of Energy’s National Nuclear Security Administration (NNSA), the company announced Tuesday. The BWXT Nuclear Operations Group Inc. (a subsidiary of BWXT) will convert research reactors from high-enriched uranium. Research reactors are used to perform science experiments
The Hilb Group acquires Florida insurance agency
Regency Insurance Group is the latest acquisition by THG.
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Bonita Springs, Florida-based Regency Insurance Group LLC (RIG), effective Feb. 1. Financial terms of the acquisition were not disclosed. RIG is a property and casualty agency that specializes in personal lines coverage including home, auto, flood and watercraft insurance. RIG co-founders
Henrico apartment complex sells for $28.52M
The property last sold in late 2017 for $20.6M.
Millspring Commons Apartment Homes in Henrico County sold for $28.52 million, Los Angeles-based real estate company CBRE Group Inc. announced Feb. 4. Built in 1972, the 159-unit, 165,030-square-foot townhome rental community is located at 9318 Tarheel Terrace adjacent to Staples Mill Road. Washington, D.C.-based property management company Republic Properties Corp. bought the community from real
U.Va. Foundation hires director of real estate asset management
Maryellen Dolan previously worked for National Real Estate Advisors LLC.
The University of Virginia Foundation has hired Maryellen Dolan as director of real estate asset management, the organization announced Wednesday. The U.Va. Foundation has provided real estate, financial and administrative services to the university since 1986. Dolan will develop and implement strategies for the foundation’s real estate asset management and oversee asset management and facilities