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Shenandoah Valley Entrepreneurship Summit
Shenandoah Community Capital Fund (SCCF) is hosting the first ever Shenandoah Valley Entrepreneurship Summit at the Staunton Innovation Hub, Sept. 12 to 13. Valley entrepreneurs who attend the summit can expect to expand their network and connect with entrepreneurs across the valley, as well as be inspired by each other’s failures and successes. Workshops and
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Shenandoah University creating tech hub
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Shenandoah University is connecting the future to the past. It’s renovating an armory on its main campus in Winchester where National Guard soldiers once trained before D-Day, turning it into a Hub for Innovators, Veterans and Entrepreneurs — the HIVE. “This building will be a game changer for economic development in the Northern Valley and
FOR THE RECORD
July 2022
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Central Virginia The state’s fiscal 2023-24 budget, approved June 1, contains funding that will benefit future redevelopment of the Central Virginia Training Center site in Madison Heights. Republican Sen. Steve Newman requested $25 million in state money to annul outstanding bonds associated with CVTC, a former state facility for people with intellectual disabilities that closed
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Reclaiming glory
The Homestead undergoes $120 million renovation
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Mark Spadoni took on the role of managing director at The Omni Homestead Resort to help restore the iconic hotel, which turns 256 years old this year. “It’s a great responsibility,” he says. “We want to maintain the past but make it relevant to moving forward. The goal is to set it up for the
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Shenandoah Valley’s manufacturing successes abound
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In terms of business activity and economic development wins, 2021 turned out to be a stellar year for the Shenandoah Valley. “We have exceeded what we anticipated from a business activity perspective,” says Jay Langston, executive director of the Shenandoah Valley Partnership, which promotes economic development from Shenandoah County to Rockbridge County. “When government shut
Youngkin appoints agriculture secretary, department commissioner
Matthew Lohr and Joseph Guthrie have backgrounds with USDA, farm operation
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Gov.-elect Glenn Youngkin announced Tuesday that he had selected Matthew “Matt” Lohr as state secretary of agriculture and forestry and Joseph “Joe” Guthrie as commissioner of the Virginia Agriculture and Consumer Services Department. “Agriculture … plays a crucial role in Virginia’s economy and communities. Matt and Joseph bring decades worth of hands-on experience that will
Daikin dojos offer workforce training
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In the U.S., the Japanese word “dojo” generally refers to a martial arts training space, but in recent years, the term’s also been adopted in business for workforce development. In October 2021, Daikin Applied, a Minneapolis-based commercial HVAC equipment manufacturer, expanded the training dojo program at its Verona production facility, doubling the number of welding
The Meridian Group buys 277 acres in Winchester for industrial park
One Logistics Park will have 2.8M SF
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Bethesda, Maryland-based real estate investment firm The Meridian Group has purchased 277 acres of land in Winchester along Insterstate 81 and has plans to develop an industrial park on it. The purchase price of the land was not disclosed and is not yet available from public land records. The Meridian Group acquired the property this week
Winchester industrial property sells for $12.2M
Building is 244,500 square feet
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A 244,500-square-foot industrial property in Winchester sold for $12.2 million, Marcus & Milichap announced Wednesday. The property is located at 310 Tyson Drive and was sold by Harrisonburg-based InterChange Group Inc. to Washington, D.C.-based Ritz Banc Group. Christopher C. Dale, Robert Filley and Randall Heilig, with Marcus & Milichap’s Washington, D.C., office, worked for the
Shenandoah Valley races to develop industrial sites
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A flurry of recent industrial investment in the Shenandoah Valley has regional economic development officials eager to make new sites shovel-ready as companies put a premium on locations that will enable them to stand up operations as fast as possible. Fast-casual restaurant chain Cava’s September announcement that it will build a $30 million, 57,000-square-foot processing