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Cardinal News

Cardinal News

Serving Southwest and Southside Virginia

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Economy

Commonwealth Crossing in Henry County. Photo by Dean-Paul Stephens.
Posted inEconomy

Henry County secures more than $22 million for site development as governor looks for economic growth

by Dean-Paul Stephens January 18, 2023January 17, 2023

The $22 million to Henry County’s Commonwealth Crossing Business Park is the second biggest appropriation for site development in this round of state funding.

The former American Viscose plant in Roanoke. Photo by Dwayne Yancey.
Posted inEconomy

Redevelopment plan aims to turn American Viscose property into Roanoke’s newest neighborhood

by Megan Schnabel January 17, 2023January 18, 2023

Developer Ed Walker wants to bring apartments, restaurants, small businesses and artists to the sprawling century-old manufacturing campus at the base of Mill Mountain – without losing sight of its gritty industrial history.

Members of Danville City Council. Photo by Grace Mamon.
Posted inEconomy

White Mill renamed ‘Dan River Falls’ at groundbreaking ceremony

by Grace Mamon January 12, 2023January 12, 2023

The historic riverfront building will go by a new name once the transformational project is completed.

Posted inEconomy

‘A reimagining steeped in history’: White Mill project breaks ground in Danville

by Grace Mamon January 12, 2023January 12, 2023

Construction has begun on the project that will turn the vacant former Dan River Mills site into a mixed-use property with retail, commercial and residential purposes.

Chaos Mountain Brewing in Franklin County received an AFID grant in 2018. The money helped owner Joe Hallock fund an expansion, but he thinks the AFID program has had an even more significant impact on the broader craft beer industry by encouraging brewers to use Virginia-grown ingredients. "I think it actually got a lot of us in the industry to basically push the agricultural side, to give them the opportunity," he said. "The grains that we’re getting now are as good as anything I can get from anywhere else in the world.” Photo by Megan Schnabel.
Posted inEconomy

10 years ago, Virginia started an agriculture grant program to support small businesses. Here’s how it looks now.

by Megan Schnabel January 10, 2023January 9, 2023

AFID was created as a way to boost agriculture and forestry businesses that would otherwise be too small to qualify for state incentives. A decade later, more than $12 million has been awarded, and the governor wants to put more money into the program.

A wall at The Launch Place shows logos of some of the companies the group has funded. Photo by Grace Mamon.
Posted inEconomy

The Launch Place in Danville is one of the top angel investors in the Southeast U.S. 

by Grace Mamon January 9, 2023January 9, 2023

The Launch Place started as a business consulting service, but lack of funding resources for startups inspired a rebranding to provide financial support for Dan River entrepreneurs.

The Virginia Inland Port in Warren County. Courtesy of Port of Virginia.
Posted inEconomy

Study says Lynchburg can’t support an inland port but Bristol-to-Wytheville region might

by Megan Schnabel January 6, 2023January 6, 2023

State Sen. Todd Pillion, R-Washington County, says he’ll push for a “substantial” budget amendment to pursue more study of a second inland port.

The White Mill building today. Courtesy of City of Danville
Posted inEconomy

Danville’s White Mill restoration project began with a tweet 

by Grace Mamon January 4, 2023January 12, 2023

“Would love for you guys to come take look at our historic riverfront White Mill,” Danville Councilman Vogler tweeted at a developer. Now, after sitting vacant for years, the former mill will be converted into a commercial and residential mixed-use space.

Posted inEconomy

Youngkin wants a small nuclear reactor in Southwest Virginia. Here’s what we know about nuclear waste disposal in Virginia.

by Susan Cameron January 3, 2023January 3, 2023

Questions surround the plan for a small modular reactor in Southwest Virginia and many center on waste. Although there aren’t many answers yet, the only approved SMR design’s waste would have a lot in common with spent fuel from today’s nuclear reactors, about which we know a lot.

A Teeswater sheep. Photo by Shannon Watkins.
Posted inEconomy

The number of sheep in Grayson County has nearly doubled; a single machine might help it grow even more

by Shannon Watkins December 27, 2022December 27, 2022

The county is getting a new wool baler. Here’s how a single machine shines light on a growing business in Southwest Virginia.

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