Latest Department of Economic Development News Releases

Virginia Beach GrowSmart Program Wins National Innovation Award

Thursday, April 11, 2013 · 08:30 am
Virginia Beach GrowSmart – a city program that improves early childhood education, attracts new jobs to the city and improves the lives of hundreds of local families – has won a national award for innovation.   Yesterday, the national Alliance for Innovation honored GrowSm... ​

Architectural Graphics Inc. Purchases 156,450 SF Building in Virginia Beach to Consolidate and Expand

Tuesday, January 15, 2013 · 10:15 am
Architectural Graphics, Inc. (AGI) has purchased 2820 Crusader Circle, comprising 156,450 square feet of industrial space in Virginia Beach, for $5.5 million. This strategic building acquisition, located in Oceana West Corporate Park, consolidates more than 100,000 square fe... ​

AvalonBay to Expand by 17,509 Square Feet in Virginia Beach

Tuesday, January 15, 2013 · 10:15 am
AvalonBay Communities, Inc., an Alexandria, Va.-based company and one of the nation’s leading real estate investment trusts, announced plans to expand its Corporate Shared Services Center that opened in Virginia Beach in 2007. The company's expansion will increase its curren... ​

BFPE International Leases 15,660 Square Feet of Industrial Space to Relocate Regional Headquarters to Virginia Beach

Tuesday, January 15, 2013 · 10:15 am
BFPE International, a full-service fire protection and security system firm, has leased 15,660 square feet of industrial space at 2601 Reliance Drive in Virginia Beach. The company will move its regional headquarters from Chesapeake to the new location in Oceana West Corpora... ​

Parsons Brinckerhoff Will Consolidate Offices in Virginia Beach

Tuesday, December 18, 2012 · 01:30 pm
Parsons Brinckerhoff, a global infrastructure, strategic consulting, engineering and program/construction management firm, has announced plans to merge its two current Hampton Roads locations to Convergence Center II at 277 Bendix Road in Virginia Beach. The regional headqua... ​

Virginia Beach Economic Development Launches Economic Gardening Program

Tuesday, December 18, 2012 · 09:45 am
The Virginia Beach Economic Development Authority has joined with the Hampton Roads Partnership to fund the Virginia Beach Economic Gardening Initiative. The program is part of a national effort to identify and provide services to high growth-potential companies.   Econom... ​

Loancare to Expand and Create 178 New Jobs in Virginia Beach

Tuesday, December 18, 2012 · 09:45 am
LoanCare, a wholly owned subsidiary of Fidelity National Financial (NYSE:FNF), has announced plans to expand its regional office by 19,032 square feet and add 178 new jobs to its Virginia Beach workforce. The company opened a servicing office in Virginia Beach in 2007 with 1... ​

Urban League of Hampton Roads Relocates Headquarters to Virginia Beach

Tuesday, December 18, 2012 · 09:45 am
The Urban League of Hampton Roads, Inc. (ULHR) has relocated its headquarters from Portsmouth to 5700 Thurston Avenue in the Airport Industrial Park of Virginia Beach.  The expansion will allow the organization to create 10 new jobs.   The Urban League of Hampton Roads, I... ​

Authority Approves Economic Development Investment Grant to Mosaic Tile

Tuesday, November 20, 2012 · 02:30 pm
The Mosaic Tile Company, the largest independent distributor of ceramic tile and stone in the mid-Atlantic region, has purchased 2644 Barrett St. in Virginia Beach for $1.5 million. The property comprises 23,900 square feet of industrial space that will become a state-of-the... ​

City Council Briefed on Arena Financial Impact

Tuesday, November 13, 2012 · 06:00 pm
The results of two studies into the feasibility of an arena in Virginia Beach were presented to the City Council today.  The studies, which were requested by City Council, were conducted by BARMAC, Inc. and independently by Convention, Sports and Leisure International (CSL, ... ​