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Central Virginia’s recent deals COMPANY


Chesterfield


Chesterfield County recently announced plans for a solar farm and data center on a 1,600-acre megasite in Chester. Torch Clean Energy, a Colo- rado-based energy company, plans to build a $100 million solar farm providing up to 150 megawatts of power alongside a data center covering up to 1 million square feet on the megasite. Early estimates show that the data


center could create investments up to $3 billion, according to a county synopsis of the project. The data center’s tenant has not been finalized, and the proposal still requires some state approvals. In Chesterfield, however, one of


2019’s biggest economic development announcements came not from data cen- ters, but the travel and hospitality indus- try. Chester-based Shamin Hotels Inc., the Richmond region’s largest hotelier, announced plans to invest approximately $125 million in Chesterfield County through multiple projects, including a hotel and conference center at Stone- bridge, capping off a successful revitaliza- tion of the former Cloverleaf Mall site. In January, Shamin announced it


was purchasing the Richmond Times- Dispatch newspaper building to establish a corporate headquarters in downtown Richmond, while leasing out parts of the building to the newspaper and others. Chesterfield also welcomed a


$25 million investment from Carvana, one of the nation’s largest used car companies, which will build an inspec- tion and reconditioning center, creating 400 jobs. Altogether, Chesterfield tallied $248 million in new investments and nearly 2,000 new jobs last year.


Hanover


In Hanover County, 2019 brought a flood of jobs and capital investment. And the outlook for the coming year is bright, says Linwood Thomas, Hanover’s economic development director. “Our fiscal year 2019 was one of the most successful on record from an economic development perspective,” he says. “We announced over $350 million in new capital investment and added


Wegmans Food Markets Inc. The Results Cos. LLC Carvana


Pharmaceutical Product Development LLC GlaxoSmithKline plc Amazon.com Inc. Castle Hill Gaming M.C. Dean Inc. Petal


Cartograf Source: Virginia Economic Development Partnership


over 2,253 net new jobs, both of which are the largest since tracking began over 15 years ago. “Wegmans’ commitment to build a $175 million regional headquarters and distribution facility over the next three years will create 700 new jobs [that are] almost 20% above our median- average wages,” Thomas adds, calling the announcement “a prime example of the continuing momentum.”


Richmond Meanwhile, in Richmond, a big


debate over the proposed $1.5 billion Navy Hill downtown redevelopment project ended in defeat for developers and Mayor Levar Stoney in early Febru- ary after City Council killed the proposal, which would have included a 17,500-seat arena to replace the shuttered Richmond Coliseum. Council passed a resolution keeping the door open to future redevel- opment proposals for the area, however. (Read story on Page 15.)


Albemarle On the western edge of the Central


Virginia region, for the second year in a row Albemarle County led the way in new jobs created in the region encompassed by the Central Virginia Partnership. Charlottesville tech firm Willow


Tree Inc. will complete a $25 million relocation to Albemarle County’s historic Woolen Mills area this year, retaining 200 jobs and creating 200 more positions paying an average salary of $80,000.


www.VirginiaBusiness.com And Castle Hill Gaming, a


software developer that provides gam- ing software for slot games and tribal casinos across the country, announced it will invest $1.3 million to expand its corporate headquarters in Albemarle to support the hiring and training of 106 new employees, according to Helen Cauthen, president of the Central Virginia Partnership for Economic Development.


Lynchburg In Lynchburg, the economic


engine of the community continues to be Liberty University, which during the past dozen years or so has poured $1.6 billion in improvements into its 7,000-acre campus, while accumulat- ing an endowment nest egg of more than $2 billion. With a thriving online enrollment, the private Christian insti- tution now has 111,000 students per year, the most in the state. The city also has a strong nuclear


industry cluster with France-based Framatome, a designer and supplier of nuclear equipment, services and fuel, as well as BWX Technologies, a publicly traded nuclear energy company with about 2,500 employees in the city. The bad news has been the closing of the LSC Communications printing plant and the loss of about 390 jobs, according to Megan Lucas, CEO of the Lynchburg Regional Business Alliance. However, she says 90% of those who lost their jobs were subsequently hired by other regional employers.


VIRGINIA BUSINESS | 13


LOCATION Hanover County


Chesterfield County Chesterfield County Henrico County Richmond Richmond


Albemarle County Caroline County


Chesterfield County Chesterfield County


#JOBS 700 600 400 200 150 150 106 100 80 63


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