Loans will be available to eligible businesses in multiple cities and counties.
Economy
Posted inEconomy
Electro-Mechanical is investing $16.55 million into Washington County expansion
Electro-Mechanical LLC is investing $16.55 million in an expansion into Washington County that will result in 109 new employees who will work in an existing 200,000-square-foot facility. The announcement was made Tuesday morning during a news conference attended by Gov. Glenn Youngkin, U.S. Rep. Morgan Griffith, R-Salem, state lawmakers and local officials. It was held […]
Posted inEconomy
Balico meets skeptical Pittsylvania residents in first of 2 meetings on planned data center
The second community outreach meeting Tuesday will give residents a chance to ask questions before a Nov. 7 public hearing on the project proposal.
Posted inEconomy
Carter Bank: Lost interest income from Justice loans rises to $57.2 million
The Martinsville-based bank said the large overdue loan portfolio held by West Va. Gov. Jim Justice and his family companies continues to weigh on its balance sheet but that the company’s fundamentals remain strong.
Posted inEconomy
Shared solar advocates push for lower minimum bill
Developers and lawmakers who want to see more shared solar adoption in Virginia say that the current billing doesn’t accurately reflect the benefits of having solar power on the grid.
Posted inEconomy
Roanoke Gas rate increase closer to approval
The natural gas utility, which serves about 64,000 customers in the Roanoke Valley, is seeking higher base rates to cover inflationary costs.
Posted inEconomy
Appalachian Power gets OK for Southwest Va. battery energy storage system
The utility says the system in Grayson and Smyth counties would improve reliability for nearly 2,800 customers in one of the most outage-prone parts of Virginia.
Posted inEconomy
Danville’s housing deficit is shrinking, but more homes are still needed
Danville’s third regional housing summit will be held this week. Since the first summit two years ago, the city has worked with developers to add more than a dozen housing projects.
Posted inEconomy
Port authority tells company with Pittsylvania location: Give us back $500K
After hundreds of layoffs at Morgan Olson since last year, the Virginia Port Authority says the company must repay an economic development grant that was contingent upon maintaining a certain number of permanent jobs.
Posted inEconomy
Agenda Henry County: Honoring a decade of disability awareness efforts
Acknowledgment during the regular board of supervisors session will celebrate opened doors and reduced barriers based on the efforts of the Disability Rights and Resource Center.