Economy

The long-running festival brings about $4 million to Floyd and neighboring counties each year, but businesses say tourism is so big in Floyd that its absence won’t hurt much.

Carter Bank & Trust filed court documents seeking repayment from the Justices’ businesses on over $300 million in loans. The companies say they have a plan to pay off the loans but argue that the bank isn’t interested.

As auto manufacturers expand their electric vehicle offerings, many new models will ship without AM radios. Broadcasters and some government officials say the medium remains vital for public safety.

The U.S. senator toured the Pittsylvania County site and said that workforce development has now become a bigger issue than tax incentives to businesses considering a site.

Danville needs to see 80 houses built every year for the next few years to meet current housing demand. And with the Caesars Virginia casino resort coming in 2024 and the Pittsylvania County mega site working to attract a major developer, the need for housing will only increase.  There’s a housing shortage across the board […]

Officials have a vision for turning a former steel abrasives plant in Bedford into a home for technical skills education, workforce training – and maybe even a new foundry.

Caesars Virginia is looking to hire 100 dealers for its temporary casino in Danville, and even more for the permanent facility. No experience is required for aspiring dealers; dealer school will go “on and on” even after the casino opens.

Local officials anticipate record attendance at the 45,000-seat Martinsville Speedway.

The Northern Virginia Electric Cooperative hoped that a legislative amendment would open a new market for credits from its wood-fueled biomass plant in South Boston, but the state Senate didn’t take action on it.

Warner spoke about the challenges facing rural communities during a conference hosted in Roanoke by the Federal Reserve Bank of Richmond.