SVP NEWS


Modine to Establish Heating Division Headquarters in Buena Vista

Posted on November 17, 2025

RICHMOND, VA — Modine, a diversified global leader in thermal management technology and solutions, will invest $19.6 million through 2029 in planned capital expenditures to expand its presence in Buena Vista, Virginia. The investment will fund a combination of warehouse, office, and testing facility construction, as well as new machinery and equipment transfers to support […]

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Governor Glenn Youngkin Announces Merck to Establish $3 Billion Center of Excellence for Pharmaceutical Manufacturing in Rockingham County

Posted on October 20, 2025

RICHMOND, VA — Governor Glenn Youngkin announced today that Merck, known as MSD outside of the United States and Canada, is starting construction on a $3 billion, 400,000-square-foot pharmaceutical manufacturing facility that will serve as Merck’s Center of Excellence for Pharmaceutical Ingredients and Small Molecule Manufacturing, and generate 500 jobs at its Elkton, Virginia, site. Merck’s […]

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Page County Economic Development and Tourism Office Garners National Award

Posted on June 30, 2025

#WHYPageCounty campaign recognized with 2025 NACo Achievement Award LURAY, June 23 — The Page County Economic Development and Tourism Department was recognized last week with a 2025 Achievement Award from the National Association of Counties (NACo). The annual awards honor innovative, effective county government programs that strengthen services for residents. For its #WHYPageCounty communications campaign, […]

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Virginia Innovation Accelerator Nears Construction Milestone and Launches JUNCTION 245 Marketplace

Posted on April 30, 2025

Buena Vista, VA (April 2025) — The Virginia Innovation Accelerator (VIA), a transformative project revitalizing the historic Mundet-Hermetite manufacturing plant in Buena Vista, is nearing the completion of a significant phase of construction. With updates to utilities, interior renovations to create flexible retail and manufacturing spaces, a community commercial kitchen and the addition of modern […]

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Caf2Code Expands Harrisonburg Headquarters

Posted on April 9, 2025

RICHMOND, VA — Governor Glenn Youngkin announced today that Caf2Code, a software development and IT consultancy company, will invest $135,000 to expand its Harrisonburg operations. The project will create 20 jobs. “Caf2Code’s project brings not only cutting-edge technology and innovation to the Commonwealth, but it also creates 20 new high-quality jobs for our workforce,” said Governor Glenn […]

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VEDA Community Economic Development Awards Honor Virginia Localities for Innovation and Collaboration

Posted on April 7, 2025

Newport News, Virginia (April 3, 2025) — The Virginia Economic Developers Association (VEDA) awarded its 2025 Community Economic Development Awards (CEDA) to six communities across the Commonwealth, honoring initiatives that advance economic viability through economic and community development programs. The annual CEDA program recognizes best practices and exceptional contributions for the following efforts: business retention […]

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McClung Companies to Upgrade Machinery and Equipment in the City of Waynesboro

Posted on March 27, 2025

RICHMOND, VA — The Virginia Economic Development Partnership today announced that McClung Companies, a marketing, printing and digital services business, will invest $4.6 million to upgrade printing equipment and management systems in the City of Waynesboro. The company will retrain 37 employees in how to use the upgraded equipment and systems. “McClung Companies has continually invested […]

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Governor Glenn Youngkin Announces Grants to Support Local Food Production

Posted on March 11, 2025

RICHMOND, VA – Governor Glenn Youngkin announced today the latest round of awards from the Governor’s Agriculture and Forestry Industries Development (AFID) Fund Infrastructure Grant program. A total of $264,000 in competitively awarded matching grants will support six new community infrastructure projects aimed at strengthening local food production and sustainable agriculture. These investments span six localities, […]

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Serioplast to Open Manufacturing Site in Shenandoah County

Posted on February 7, 2025

RICHMOND, VA – Governor Glenn Youngkin today announced that Serioplast, a global manufacturer of rigid plastic packaging, will invest $25,725,000 to occupy a 140,000-square-foot industrial facility in Shenandoah County. The company is headquartered in Seriate, Italy, and provides packaging for companies like Procter&Gamble, Unilever, Reckitt Benckiser, and more. The project will create 45 new jobs. “I am thrilled that Serioplast […]

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Highland Inn project gets $1.75 million boost

Posted on January 23, 2025

BY ANNE ADAMS • STAFF WRITER, THE RECORDER MONTEREY — The Highland Inn revitalization project got a huge shot in the arm late last week. Blue Grass Resource Center, the nonprofit that owns the inn, learned its application for grant funding was approved in the amount of $1,750,000 — one of the largest grants received […]

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