Chesterfield County EDA Considering New Industrial "Megasite"
Chesterfield's Economic Development Authority wants to rezone and buy about 1,700 acres of land in southeastern Chesterfield's Bermuda District as a site for large, industrial users. The land is now zoned for residential use and, prior to the economic recession, was slated to become a development with nearly 5,000 homes.
Renovation Funds OK'd for one Newport News Housing Complex in VA
Plans to renovate Lassiter Courts, a public housing complex in Newport News, VA's Southeast Community, will move forward after getting state approval this summer for an important piece of funding.
$500K in Grants Supports $9M Heritage Brewing Expansion
Virginia Gov. Terry McAuliffe's office announced that Heritage Brewing plans to spend $8.9 million and create 66 new jobs to expand its craft brewery in Manassas. The state is providing a $250,000 grant, which the city of Manassas will match. The Virginia Jobs Investment Program will provide additional support.
Danville Mulls $3.6M Loan for Business Development
Danville, VA, City Council will consider a $3.6 million loan to pay toward construction of a $4.5 million building for the Kyocera SGS Tech Hub in the Cyber Park. The $3.6 million loan would come with a 4.5-percent interest rate contingent upon a city council vote.
Global Headquarters Expands with Incentives from State of VA
Governor Terry McAuliffe today announced that LifeNet Health, a leading global regenerative medicine company, will invest $12.25 million to expand its global headquarters operation in the City of Virginia Beach. The Virginia Economic Development Partnership worked with the City of Virginia Beach to secure the project for Virginia.
Newport News City Council Gives Ivy Tower Second Approval
Newport News City Council signed off again on issuing $16 million in bonds for a project to rehabilitate Ivy Tower, after the project was delayed with the prospect of federal tax reform.
US Foods Using VA Incentives to Expand Operations in Prince William County
Governor Terry McAuliffe today announced that US Foods, one of the nation's largest foodservice distributors, will make significant investments by expanding and renovating 220,000 square feet of its Prince William County distribution facility. The Virginia Economic Development Partnership worked with Prince William County to secure the project for Virginia.