BUSINESS + ECONOMIC DEVELOPMENT
Wegmans, business groups ask Virginia Supreme Court to overturn Hanover ruling
Real estate, housing and business groups are backing a request by Wegmans for the Supreme Court of Virginia to reconsider a ruling that property owners near a massive distribution center under construction in Hanover have the right to challenge local approvals of the project in court. “If not reconsidered,” the groups wrote in an amicus […]
No losses, no gains for Virginia farms and farmland in 2022
The number of farms and farm acreage in Virginia remained flat in 2022 despite small overall decreases in both farms and farmland nationally, according to new data from the U.S. Department of Agriculture. According to the USDA’s most recent Farms and Land in Farms report, the total number of farms in Virginia remained stable at […]
States to receive $2.5B from feds for electric vehicle charging infrastructure
The federal government will send $2.5 billion over the next five years to states, local governments and tribes to build electric vehicle charging infrastructure, Biden administration officials said Tuesday. The new Charging and Fueling Infrastructure grant program, which was authorized by the 2021 bipartisan infrastructure law, will spend $2.5 billion over five years to build […]
Tyson still eligible for state incentives for Pittsylvania chicken plant despite Glen Allen closure
Tyson Foods will continue to be eligible for millions in state economic development grants linked to a facility it’s constructing in Pittsylvania County despite its announcement it will close a major plant in Hanover County that will lead to the loss of 692 jobs, said the Virginia Economic Development Partnership. In 2021, former Gov. Ralph […]
Biden says U.S. bank deposits are safe despite tumult over California bank collapse
WASHINGTON — President Joe Biden reassured Americans early Monday that their money is safe in U.S. banks after a tumultuous weekend following the collapse of Silicon Valley Bank and a move by regulators to shut down a second lender. Americans “should feel confident that their deposits will be there, if and when they need them,” […]
Virginia health groups back effort to crack down on THC products
The leaders of four Virginia health care groups are urging Gov. Glenn Youngkin to sign legislation that would impose strict new limits on hemp-derived products that contain intoxicating amounts of THC, the compound in marijuana that gets users high, as well as potential fines on retailers that sell them. In the letter dated Thursday, the […]
Why some think going all in on a Fairfax County casino would be a bust
The dream of a Fairfax County casino may have gone bust before it even really got off the ground. Last month, two Virginia lawmakers introduced identical bills that would have amended state law to allow a casino to be built in any locality that has a population of more than 1 million and operates under […]
Energy innovation lab eyes new types of economic development for previously mined lands
Southwest Virginia’s efforts to reclaim its status as a U.S. energy capital intensified with the announcement this fall of a new energy technology testbed initiative. The Energy Discovery, Education, Learning & Technology Accelerator, or DELTA, Lab began earlier this year with its first location in Wise County. As the name suggests, the lab is a […]
Amid push for local investment, report offers glimpse of Norfolk development group activities
In a report required by Norfolk City Council, Hampton Roads Ventures, the for-profit development subsidiary of the city’s housing authority, says that it has met with representatives of several Norfolk projects including a shared kitchen, a grocery store, and a health and wellness center, but has not completed deals to invest in them. HRV also […]
Amid scrutiny, Norfolk housing authority subsidiary says it will attempt to add a local project
Hampton Roads Ventures, the controversial subsidiary of Norfolk’s housing authority, will try to add a Norfolk project in the next application for tax credits used to finance projects in distressed areas. The corporation came under fire from some City Council members after a Virginia Mercury series revealed it had won $360 million of New Markets […]