Latest Department of Economic Development News Releases

New 14-Story Office Tower and $89 Million Mixed-Use Development Planned for Town Center of Virginia Beach

Tuesday, September 11, 2012 · 03:00 pm
  Armada Hoffler, a Virginia Beach-based development and construction company, has announced plans for a new 14-story class “A” office tower of 174,000 square feet that will anchor an $89 million mixed-use development in the Town Center of Virginia Beach.  As proposed, the ... ​

Virginia Beach Economic Development Authority Approves EDIP Grants To Osen-Hunter Defense Systems, LLC and Lynnhaven Motor Company

Monday, July 02, 2012 · 03:00 pm
​Osen-Hunter Defense Systems, LLC, a service disabled veteran-owned small business devoted to specialized training for military, law enforcement and intelligence community teams, has announced plans to move its operations to a new 15,000-square-foot office/warehouse facility... ​

ODU to Launch Transportation Center in Virginia Beach in Agreement with City Development Authority

Tuesday, June 19, 2012 · 09:00 am
In an agreement with the Virginia Beach Development Authority, Old Dominion University will launch the Center for Innovative Transportation Solutions (CITS) in Virginia Beach Town Center, positioning the city and university at the forefront of transportation research for t... ​

Huntington Ingalls Industries Subsidiary AMSEC LLC to Move Headquarters in Virginia Beach

Monday, May 14, 2012 · 04:00 pm
AMSEC LLC, a subsidiary of Huntington Ingalls Industries, has announced plans to move its headquarters in Virginia Beach. Currently located at 2829 Guardian Lane, the company will move operations to 5701 Cleveland St. and will occupy half of the 126,000-square-foot buildin... ​

Virginia Beach Reaccredited by Economic Development Council

Wednesday, January 25, 2012 · 12:15 pm
The Virginia Beach Economic Development Department has been recognized by the International Economic Development Council (IEDC) as an Accredited Economic Development Organization (AEDO).  Virginia Beach is one of only 29 of the 22,000 economic development organizations in ... ​

IMS:GEAR Virginia Inc. Expands Virginia Beach Operations

Friday, December 16, 2011 · 01:45 pm
Governor Bob McDonnell and Mayor William D. Sessoms, Jr. today announced that IMS:GEAR Virginia Inc., one of the largest manufacturers of gear assemblies for the North American automotive market, will invest $35.5 million and create up to 80 new jobs in an expansion of its... ​

STIHL Expands U.S. Headquarters in Virginia Beach

Tuesday, December 13, 2011 · 11:30 am
STIHL Inc., manufacturer of the world’s best-selling brand of chain saws, will expand its operation in Virginia Beach by 53,256 square feet. The expansion, scheduled for completion in spring 2012, represents a total capital investment of $10.3 million and the creation of 5... ​

Virginia Manufacturers Association Visits STIHL during Manufacturing Appreciation Week

Monday, November 07, 2011 · 11:30 am
​STIHL Inc. recently welcomed the Virginia Manufacturers Association (VMA) and several state and local officials to the Virginia Beach plant on Thursday, October 20, 2011 as part of Virginia’s Manufacturing Appreciation Week. The visit included a tour of the plant and facili... ​

City of Virginia Beach Receives Honorable Mention for Excellence in Economic Development

Monday, September 26, 2011 · 11:30 am
The City of Virginia Beach has received an honorable mention for Excellence in Economic Development for the Virginia Beach Development Authority Annual Report Fiscal Year 2010. The city was honored by the International Economic Development Council (IEDC) in the category of... ​

Bullock & Cooper, P.C. named Virginia Beach Business of the Year at Virginia Black Expo

Thursday, August 18, 2011 · 11:30 am
The city announced today that Bullock & Cooper, P.C. has been named the 2011 Virginia Beach African American Business of the Year. The award, presented at the Virginia Black Expo State of the African American Business Awards Breakfast, honors companies in the region that... ​