Get email alerts on the Economic Development Updates topic
No spam. Unsubscribe anytime.
EDA reports brisk prospect activity, local openings and The Virginia Home groundbreaking
Summary
Staff reported strong prospect activity in international manufacturing, bio/pharmaceuticals and data centers; commercial openings include Virginia Cardiovascular Specialist and Excel Truck Group; The Virginia Home held a Nov. 18 groundbreaking with over 100 in attendance and has received a Land Disturbance Permit.
Hanover County Economic Development staff told the EDA on Dec. 3 that prospect activity remains busy across several sectors and that local commercial activity continues to move forward.
Secretary Brandon Turner and Existing Business & Project Manager Ann Glave briefed the Authority that there is strong regional interest from international manufacturing and bio/pharmaceutical firms and that data center activity remains robust. Staff named recent commercial activity, including a grand opening by Excel Truck Group and an announcement by Virginia Cardiovascular Specialist.
Staff reported The Virginia Home held a groundbreaking ceremony on Nov. 18 with over 100 people in attendance and has received a Land Disturbance Permit to begin clearing and grading. At the Crescent Business Center, building 6 is nearing completion with several pending leases and building 7 is complete and occupied. Bon Secours has a ribbon cutting scheduled next week for its new Northlake facility and is expected to open shortly thereafter.
Staff also noted that a project recently closed on a property and that an announcement is anticipated. No financial terms or employment projections were provided in the report.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
