InterChange Cold Storage, LLC to build major new cold storage and blast freezing facility

RICHMOND—Governor Ralph Northam today announced that InterChange Cold Storage, LLC will create 88 new jobs and invest $41.6 million in Rockingham County to build a 250,0000-square-foot, state-of-the-art cold storage and blast freezing facility. The company, owned by Rockingham County-based third-party logistics provider InterChange Group, Inc., will provide cold-chain warehousing and value-added services to the region’s food and beverage manufacturers.

averhealth to expand headquarters

RICHMOND—Governor Ralph Northam today announced that averhealth, a health care company with nationwide substance use disorder treatment centers, will invest $325,000 to expand its headquarters in Henrico County. Virginia successfully competed against Kansas and North Carolina for the project, which will create up to 50 new jobs.

NIBCO to invest $14 million to expand metal manufacturing operation, retrain employees on new equipment

RICHMOND—Governor Ralph Northam today announced that NIBCO INC., a manufacturer of wrot copper fittings for the flow control industry, will invest $14 million to expand its operation in Augusta County. The company is investing in its infrastructure, adding new equipment and updating technology, training programs, and new product development. The project will create 30 new jobs, and 117 existing employees will be retrained on the new technology.

David Devan serves as Senior Vice President, Policy & Strategic Partnerships at the Virginia Economic Development Partnership, where he provides senior executive leadership for the External Affairs division, including VEDP’s strategies for partner engagement and governmental affairs; the Real Estate Solutions division, coordinating strategic investments and related activities to ensure Virginia has a competitive portfolio of project-ready sites; and the Economic Competitiveness (EC) division, focused on developing deep insights on Virginia’s competitive position and designing strategic

Press Glass to invest $43.55 million to establish first Virginia manufacturing operation

RICHMOND—Governor Ralph Northam today announced that Press Glass, the largest independent flat glass processing operation in Europe, will invest $43.55 million to establish a 280,000-square-foot manufacturing operation in Henry County. Press Glass represents the first company to locate in the county’s Commonwealth Crossing Industrial Park. Virginia successfully competed against North Carolina for the project, which will create 212 new jobs.

Aurora Flight Sciences to invest over $13.75 million to expand headquarters in Virginia 

Cascades Inc. intends to establish a lightweight recycled containerboard mill, creating 140 new jobs

Governor Ralph Northam today announced that Cascades Inc. (TSX: CAS), a Canadian leader in the recovery and manufacturing of green packaging and paper tissue products, plans to invest $275 million to establish a lightweight recycled containerboard operation in the former Bear Island Paper Mill in Hanover County. The project will create 140 new jobs.

Stephen Hartka serves as Senior Vice President of Marketing, Communications & Research and Chief of Staff in the Executive Office at the Virginia Economic Development Partnership. In this role, he oversees VEDP’s research, marketing, and communications functions while supporting executive leadership on strategic priorities, organizational alignment, and cross-division execution. His work focuses on translating data, analysis, and narrative into clear value propositions that advance Virginia’s economic development objectives and support informed decision-making across stakeholders.

Company to invest total of $35 million and create 160 new jobs