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Northam appoints members to newly created cannabis boards
Boards will regulate cannabis market and manage equity fund
Virginia Gov. Ralph Northam has appointed members to three newly created oversight boards for the legalization of recreational marijuana, his office announced today. On July 1, Virginia’s adult-use cannabis legislation changes began going into effect. This year, the General Assembly legalized possession of up to one ounce in public and home cultivation of up to
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Plastics equipment manufacturer to reopen Pulaski facility
Xaloy Holdings to produce 35 jobs, investing $1.75 million
Published
Plastics industry equipment manufacturer Xaloy Holdings LLC will move its barrel manufacturing operation from Ohio back to Virginia, reopening its former facility in Pulaski County, Gov. Ralph Northam announced Thursday. Xaloy will invest $1.75 million in its 100,000-square-foot, 30-acre site in Pulaski to produce bimetallic barrels, which are formed by bonding metal linings to the
Draper Aden Associates names new CIO
Lud Eng was firm's director of IT
Published
Richmond-based engineering, surveying and environmental firm Draper Aden Associates promoted Lud Eng to chief information officer on July 1. Eng, who is based in Blacksburg, previously served as the firm’s director of information technology. He has been with Draper Aden for more than 25 years. “We are pleased to announce Lud’s new position with the
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Valley Wealth Group buys former Truist office in Roanoke
$1.9M deal closed in late June
Published
A Truist Bank office in Roanoke was sold for $1.9 million in late June, Cushman & Wakefield | Thalhimer announced. VWG/RNK Properties LLC purchased the 6,715-square-foot office building at 3119 Chaparral Drive from Truist. The property will be the future location of Valley Wealth Group, a Roanoke-based financial management firm. Barry Ward and Price Gutshall
Va. Tech researchers make Spot go
Published
Spot can’t dance. Well, Spot could, but you’d have to pay extra for that. “Spot out of the box cannot do all those tricks,” says Virginia Tech doctoral student Srijeet Halder. Spot is Boston Robotics’ $74,500 four-legged walking platform, a star of viral dancing videos that also has the ability to navigate stairs, avoid obstacles
Three Blacksburg housing complexes sold for $146M
California-based Reliant Group purchases student-targeted housing
Published
Three off-campus housing complexes in Blacksburg geared toward Virginia Tech students have been sold for $146 million in a deal closed May 5, Berkadia announced Friday. The buyer, California-based Reliant Group, added the portfolio to its earlier purchase of a student housing property near Virginia Tech. According to Montgomery County property records, Reliant Group-connected CAP
Smith Mountain Lake Regional Chamber hires executive director
Former newspaper publisher Andy Bruns starts July 1
Published
Andy Bruns, a former regional newspaper publisher for Lee Enterprises, has been tapped as executive director of the Smith Mountain Lake Regional Chamber of Commerce, the chamber announced June 4. Bruns replaces Christopher Finley, who resigned in March to become director of marketing and public relations for LewisGale Regional Health System. Cheryl Ward has been
Botetourt wind project hits resistance
Published
Apex Clean Energy Inc. continues working toward a day when wind turbines standing atop Botetourt County’s North Mountain might generate enough energy to power up to 21,000 homes each year. Dubbed Rocky Forge Wind, the proposed wind farm north of Eagle Rock would be Virginia’s first onshore wind project in operation. However, some residents have
Roanoke-Blacksburg Technology Council names new executive director
Roanoke Regional Partnership's Erin Burcham starts June 7
Published
Erin Burcham, the Roanoke Regional Partnership’s director of talent solutions, is leaving the economic development group to become executive director of the Roanoke-Blacksburg Technology Council. The tech council noted Burcham’s experience in talent and workforce development. About a year ago, the tech council started working with the Valleys Innovation Council and the Regional Accelerator and
$257M Western Rail Initiative to bring NRV train service
Norfolk Southern deal expands service in Roanoke, Christiansburg
Published
Passenger train service will return to the New River Valley for the first time since 1979, Gov. Ralph Northam said Wednesday, announcing an agreement with Norfolk Southern Railway. The $257.2 million deal is an addition to the $3.7 billion rail expansion package the governor hailed in March as part of the Transforming Rail in Virginia program.