~ Preferred Freezer Services to establish new cold storage warehouse, creating 60 new jobs ~ PORTSMOUTH—Governor Ralph Northam today announced that Preferred Freezer Services, one of the largest public refrigerated warehousing companies in the world, will invest $60 million to construct a 200,000-square-foot cold storage warehouse in the City of Portsmouth. The new facility will … Continue reading
Tag Archives: Investment
S&P boosts City of Norfolk’s outlook; joins Moody’s and Fitch affirming strong bond ratings
Standard & Poor’s Global Ratings (“S&P”) boosted Norfolk’s ratings outlook from stable to positive and joined Fitch Ratings (“Fitch”) and Moody’s Investors Service (“Moody’s”) in affirming the strong credit rating on the City’s existing long-term ratings. S&P highlighted Norfolk’s “strong economy,” its “very strong budgetary flexibility and strong budgetary performance” and “very strong management, with … Continue reading
Chemres to expand resin production operation in Chesapeake
RICHMOND – Governor Terry McAuliffe announced Monday, Nov. 6, that Chemres, a global supplier of commodity and engineering resins, will invest $3 million to expand its resin production operation in the City of Chesapeake. The company will purchase additional machinery and equipment. Virginia successfully competed against Florida for the project, which will create 16 new jobs. … Continue reading
Political donor charged in $30M investment fraud scheme
ALEXANDRIA, Va. (AP) — A well-heeled political donor has been charged with using his health-technology company to run a $30 million investment fraud scheme. Sreedhar Potarazu of Potomac, Maryland, has given to Democrats and Republicans, but it is his large contributions to the Democratic National Committee that put him in the spotlight. A series of … Continue reading
Business / Education / Local / Technology / Virginia
Gov. McAuliffe announces new state-wide higher ed spending at Norfolk State
In a speech before faculty and staff gathered in the rotunda of Norfolk State University’s library on Wednesday morning, May 11, Gov. Terry McAuliffe announced record-setting spending initiatives for higher education in the Commonwealth of Virginia. “While other states are cutting, we’re investing in education,” McAuliffe told the crowd. “We were able to secure more than a … Continue reading
Obama wants public groundswell for free community college
WARREN, Mich. (AP) — Unable to have his way with Congress, President Barack Obama reached back to his roots as a community organizer and sought Wednesday to spark a national movement in support of his idea for free community college. Congress has shown next-to-no interest in Obama’s $60 billion community college proposal, so he’s taking … Continue reading
Security boosted, Egypt resort polished for investor meeting
SHARM EL-SHEIKH, Egypt (AP) — Police, soldiers and masked special forces wielding new assault rifles man checkpoints along the main roads of Egypt’s Red Sea resort of Sharm el-Sheikh, which has been freshly polished for an international conference opening Friday seeking billions of dollars in investment. Roads were lined with foreign flags as well as … Continue reading
Editorial: A blueprint for middle-class economics
by President Barack Obama America’s resurgence is real. With a growing economy, shrinking deficits, bustling industry, and booming energy production, we have risen from recession freer to write our own future than any other nation on Earth. Now we have to choose what we want that future to look like. Will we accept an economy … Continue reading
Spartan Echo 