NEWS RELEASES
Breaking ground, making headlines
Stay up to date on the latest announcements, milestones, and economic development news from across Virginia. Explore press releases highlighting the partnerships, investments, and stories driving growth throughout the Commonwealth
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Interstate 81, Shenandoah County
06.04.2026
Virginia Solar Panel Startup Invests $23M in Shenandoah County
Vertically integrated solar panel manufacturing company to create 150 new jobs
Fukoku Korea to Establish Henry County Plant with $18+ Million Investment
Automotive Parts Manufacturer to create 60 new jobs in the Commonwealth
New River, Giles County
03.03.2026
Interstate Group Announces $9 Million Investment in Giles County
Trailer Manufacturer’s Expansion of Giles County Facility Will Create 46 New Jobs to Help Meet Growing Demand
LS Cable & System USA Announces $689 Million Investment in Chesapeake
Project is expected to be the largest capital investment in the history of the Hampton Roads region
Eaton Expands with Over $50 Million Investment in Henrico County
Manufacturer of critical power solutions expected to create 200 new jobs
Modine to Establish Heating Division Headquarters in Buena Vista
$19.6 million expansion will create 57 new jobs
11.05.2025
CEL Critical Power Opens First American Manufacturing Facility in James City County
CEL Critical Power, a global provider of critical power solutions, will invest $5.225 million to establish the company’s first American manufacturing facility in James City County, creating 260 new jobs.
09.16.2025
ABB Expands in Henrico County
Global technology leader in electrification and automation will invest $28.5 million, creating 100+ jobs
09.04.2025
Hitachi Energy Brings Historic Investment to South Boston
$457 million to go into large power transformer production facility in South Boston, Virginia, creating 825 new jobs as part of the company’s broader $1 billion investment in U.S. expansion
06.26.2025
Becker Global America Upgrading Management Information Systems in Washington County
Electrical equipment company to invest $100,000 and retrain 68 employees.
06.13.2025
Acoustical Sheetmetal Company Expanding in Virginia Beach for the Third Time
Acoustical Sheetmetal Company, a manufacturer of highly engineered steel and aluminum enclosures for the power generation industry, will invest $45.8 million to expand in Virginia Beach and create 350 new jobs.
Sumitomo Drive Technologies to Automate Warehouse and Distribution Center in Chesapeake
Sumitomo Drive Technologies, a global power transmission manufacturer, will invest $9.3 million to automate a warehouse and distribution center in the City of Chesapeake.
04.25.2025
Hitachi Energy Expands Footprint in Southwest Virginia
Hitachi Energy, a global technology leader, is investing $22.5 million to expand its current facility in Bland, Virginia and add a warehouse facility in Atkins, Virginia to meet increased demand, creating 120 new jobs.
04.17.2025
Delta Star Inc. Expands Lynchburg Manufacturing Facility
Delta Star Inc., a manufacturer of power transformers and mobile substations for the electrical grid, will invest $35 million to expand their Lynchburg operations, creating 300 new jobs.
Luna Labs to Expand Research and Development Operations in Charlottesville
Governor Glenn Youngkin announced that Luna Labs USA, LLC, a product development company accelerating breakthrough solutions to multiple industries, will invest $200,000 to expand its operations in the City of Charlottesville
Heavy Metal Manufacturer to Expand in Tazewell County, Creating 40 New Jobs
RICHMOND—Governor Ralph Northam today announced that Lawrence Brothers, Inc., an industry leader in battery tray fabrication and manufacturing of motive power trays, ground support systems, and transformer components, will invest $3.2 million to expand its operation in Tazewell County.
Heavy Metal Manufacturer to Expand in Tazewell County, Creating 40 New Jobs
RICHMOND—Governor Ralph Northam today announced that Lawrence Brothers, Inc., an industry leader in battery tray fabrication and manufacturing of motive power trays, ground support systems, and transformer components, will invest $3.2 million to expand its operation in Tazewell County.
04.08.2021
STS Group AG to Establish First U.S. Location in Wythe County, Creating 120 New Jobs
RICHMOND—Governor Ralph Northam today announced that STS Group AG, a leading global system supplier of interior and exterior parts for commercial vehicles, will invest $39 million to establish its first U.S. manufacturing operation in Wythe County’s Progress Park.