Roanoke Business

[calwinston]

Iron casting company to employ 300 in Radford

http://www2.timesdispatch.com/rtd/business/companies/article/iron_casting_company_to_employ_300_in_radford/343678/

More jobs for SW VA!!!

[calwinston]

Advance Auto Parts had record profits this past quarter!

http://www.roanoke.com/business/wb/247574

[calwinston]

Electric car technology company to create 84 jobs in Wytheville

Evatran LLC plants to build a new facility in Wytheville that will manufacture its Plugless Power charging technology for electric vehicles creating 84 new jobs.

Evatran, a subsidiary of Wytheville-based MTC Transformers, is the manufacturer of the world’s first “hands-free” electric vehicle supply equipment.

MTC Transformers, a manufacturer of specialized electrical transformers focusing on niche market segments, was founded in Wytheville in 1985. The company started Evatran in April 2009. Evantran will separate from MTC Transformers in July 1.

“In light of today’s need to ever increase energy conservation, I commend the company’s key involvement in alternative energy solutions such as Plugless Power,” Gov. Bob McDonnell said in a statement.

Evatran’s technology allows drivers of electric cars to pull into a charging station to recharge without needing to plug in to a power source.

The Virginia Economic Development Partnership worked with Wythe County, the Joint Industrial Development Authority of Wythe County, Wytheville, Rural Retreat and Virginia’s aCorridor to secure the project for Virginia. Virginia competed against North Carolina and Ohio for the project.

McDonnell approved a $150,000 grant from the Governor’s Opportunity Fund to assist with the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $235,000 in Tobacco Region Opportunity Funds for the project.

http://www.virginiabusiness.com/index.php/news/article/electric-car-technology-company-to-create-84-jobs-in-wytheville/239674/

[calwinston]

Kimball International is opening a furniture plant in Henry County!

http://www2.timesdispatch.com/news/2010/jul/27/frungater-ar-352074/

[calwinston]

"Tobacco Commission funding two Southside projects"

Marshall said the commission met Thursday and approved two special projects for the region: $5 million for photovoltaic cell manufacturing at the Institute for Advanced Learning and Research and $5 million for a project that entails designing a new type of tire at Virginia International Raceway.

The project at the Institute will entail building small photovoltaic cells that will be grouped on panels and used on roofs to collect solar power, Marshall said.

Marshall said General Motors, Goodyear and Virginia Tech will join forces at VIR to produce a new tire design that will increase a vehicle’s mileage by between three and five miles per gallon.

http://www2.godanriver.com/gdr/news/local/danville_news/article/tobacco_commission_funding_two_southside_projects/23185/

[calwinston]

The economy in Southwest Virginia is picking up! The biggest surprise is Wise County with a unemployment rate of only 7.5% in a region that notorious for double digit unemployment!

http://www.virginiab...zing-new-trails

[calwinston]

Capps Shoe Company Inc is hiring back 40 employees it laid off in June and plans on expanding!

http://www2.godanriver.com/news/2010/aug/04/gretna-shoe-company-gets-military-contract-ar-413338/

[calwinston]

Trinity Packaging is expanding

http://www.virginiabusiness.com/index.php/news/article/trinity-packaging-to-expand-in-rocky-mount/287104/

[burt]

It's time to dust off this dormant forum with a bit of economic news.

Freight Car America in Roanoke will build 1,500 cars for Norfolk Southern and hire about 200 workers.

From today's Richmond Times Dispatch:

http://www2.timesdis...-dea-ar-857182/

[burt]

Roger Lamm's TAVERN ON THE MARKET has pulled out from the newly renovated Roanoke City Market Building scheduled to debut in September.

So far, five places have committed to the project. They are ALL SPORTS CAFE; EURO BAKERS; HABANA CAFE; HONG KONG RESTAURANT, and NEW YORK SUBS.

From Roanoke dot com:

http://www.roanoke.c...anoke/wb/295039

[scottroanoker]

The Kohl's in Roanoke opened today with a soft opening. Grand opening is Wednesday, the 28th.