The Roanoke-based tech company and former executives faced civil allegations of securities fraud. The settlement is neither an admission nor a concession to plaintiffs, according to a judge’s order.
Economy
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Data center complex with gas power plant planned for Wise County
Officials say the project would involve nine buildings totaling approximately 2 million square feet, plus on-site natural gas power generation.
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Tech briefs: Drone manufacturer employs Virginia Tech facilities and experts for FAA approval
Also, NRCC, George Mason University create cybersecurity partnership.
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Cardinal Commerce Notes: Union says Yokohama plant closing in March, New Volvo trucks made locally, community college’s solar panels come online, Columbia Gas upgrades in Covington
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Italian rocket manufacturer to bring 1,500 jobs, $500 million investment to Pittsylvania
This is the second-largest economic development deal in Southside Virginia history. It’s eligible for more than $100 million in state and local incentives, officials said.
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With hands-on learning and on-site child care, workforce hub aims to boost Southwest’s economy
EO opened the Abingdon hub in hopes of helping to solve two of the main problems that hinder growth in the region: a shortage of available workers for existing jobs, and a lack of child care options.
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Tech briefs: Virginia Tech experts weigh in on illegal robocalls, AI tools for hackers and more
The Tiny Cargo Co. opens new space for clean room manufacturing, and a scratch-built website and app debuts, focused on Roanoke-area events.
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Cardinal Commerce Notes: New restaurants in Lynchburg and Patrick County, Pluck’d plants first tomatoes, Bedford seeks comp plan thoughts
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Tech briefs: FCC rules for Comcast against Appalachian Power in broadband-related utility pole dispute
Plus: Innovation hub expanding in South Boston.
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Cardinal Commerce Notes: Roanoke firm acquires Wytheville machine shop, Danville dept. gets new digs, state rolls out paid internship resources, Campbell building progresses
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