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Posted inEconomy
Cardinal Commerce Notes: Credit union steps into NRV, Bobe to begin new role in Danville, Randolph College mechanical engineering to get a boost, loan to help restart Henry County sawmill
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Posted inEconomy
AeroFarms says sale expected to close in April after ‘normal delays’
The indoor agriculture company with a facility in Southside said it has received short-term funding to stay in business until the sale closes. Permanent closure remains possible if the deal falls through.
Posted inEconomy
Carter Bank sells Justice family businesses’ loans
The loans, connected to family businesses of U.S. Sen. Jim Justice, R-W.Va., were worth more than $200 million but have not been earning interest for the bank since 2023.
Posted inEconomy
‘My land is valuable’: Valley Link power transmission proposal meets a growing, organized resistance
Opponents of the proposed 115-mile, 765-kilovolt transmission line say it would harm their property, their communities, the environment and their health. The project’s developers say it’s necessary to meet growing electricity demand and keep the grid reliable.
Posted inEconomy
Cardinal Commerce Notes: New Appalachian Power president, Lynchburg hiring event, Southwest Virginia tourism research, Wythe County zoning meeting
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Posted inEconomy
Craig-Botetourt Electric Cooperative seeks rate increase
The cooperative proposes raising the average Virginia residential customer’s monthly bill by $7.31.
Posted inEconomy
Cardinal Commerce Notes: Elbit nets $120M contract, Appalachian Power reps at upcoming home shows, Virginia seeks coal methane capture ideas
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Posted inEconomy
Massive power transmission line planned for Campbell to Culpeper
Plans call for the 765-kilovolt line to span 115 miles over nine counties. It represents a major investment in grid infrastructure during a time of rising demand for electricity.
Posted inEconomy
Appalachian Power plans coal ash cleanup at old Glen Lyn plant
The utility seeks regulatory approval for a $340 million effort to haul the byproducts of coal-fired electricity generation to a future landfill just across the West Virginia border.
