Virginia Tech alumni couple makes $10 million gift that will benefit College of Science and College of Agriculture and Life Sciences; VT rises among universities in research rankings.
Economy
Covering the economic issues facing Southwest and Southside Virginia.
Posted inEconomy
Cardinal Commerce Notes: Milestone in Franklin County, Big Stone Gap artisan hub growing, Panda Express to Salem
Catching you up on business news you might have missed. Send tips to: matt@cardinalnews.org.
Posted inEconomy
Nuclear power research funding signed into law
The Wise-based Energy DELTA Lab and Virginia Tech will receive about $2.4 million combined under a federal appropriations package.
Posted inEconomy
In case affecting funding at Fralin Biomedical Research Institute, appeals court rules against NIH’s cuts
Court rules in January opinion that NIH’s attempt to cut funding for facilities and administration was unlawful. NIH may appeal to the Supreme Court.
Posted inEconomy
NIL could be made more transparent with new bill calling for work group on student athlete endorsement deals
The legislation comes as Virginia’s state universities have resisted calls to be more forthcoming about how they are complying with new compensation rules, which took effect last July, that allow schools to pay athletes directly.
Posted inEconomy
AeroFarms tells state permanent closure still a possibility
The indoor agriculture firm has received short-term funding but might still have to close its Southside facility in late February, company officials said.
Posted inEconomy
Yokohama Tire to lay off 392 in Salem, considers closing plant
The company said its reduced production will begin in March.
Posted inEconomy
Infinity Global announces expansion in Danville, bringing 150 new jobs and nearly $35 million in investment
The packaging company will begin the expansion immediately, a local official said.
Posted inEconomy
Bristol seeks larger cut of casino revenue, but other localities balk at giving up their share
Bristol officials say they should get more money because the city must provide services such as police and fire protection. They’re asking state legislators for help.
Posted inSports
Virginia colleges resist disclosing athletic revenue-sharing
While Virginia Tech launches a massive $229 million campaign to compete nationally, college officials across the state are guarding financial details, refusing to release revenue-sharing records that are public at other ACC schools.
