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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Defense Maritime Solutions Expands in Chesapeake with $30M+ Investment
Defense Maritime Solutions (DMS) will invest more than $30 million to expand its operations in Chesapeake, creating 32 new jobs in the Commonwealth.
05.27.2026
New Jabil Manufacturing Facility to Create 350+ Jobs in Prince George County
Facility will manufacture complex electrical power distribution equipment
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
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
11.13.2025
Ashworth Bros., Inc. Investing $1.9 Million to Expand Operations in Winchester
Conveyor belt manufacturer to retrain 31 employees with support from the Virginia Economic Development Partnership
10.21.2025
VFP, Inc. Expands in Scott County
VFP, Inc., a producer of custom-designed enclosures used to protect critical infrastructure, will invest $35 million to expand its operations in Scott County, creating 200 new jobs.
09.30.2025
Dover Food Retail Expanding Manufacturing Campus
Investment to bring over 300 jobs to Chesterfield County
05.13.2025
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.
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
Eaton to Expand in Henrico County, Creating 80 New Jobs
RICHMOND—Governor Ralph Northam today announced that power management company Eaton will invest $3.6 million to move production from California to its facility at 4200 Oakley Court in Henrico County.