Greater Richmond Region gains new company, top ranking
February 6th, 2024

Greater Richmond has been flush with activity throughout the holidays and into 2024. CEEUS announced it will invest $37 million to establish a warehouse and distribution facility in Hanover County, creating 30 new jobs. GRP wrote this blog post to wrap up a great year for economic development.

Site Selection Magazine released new survey results that placed Richmond among the Top 10 for Best U.S. Cities for Headquarters Projects. This was an open-ended question and site consultants chose Richmond over metros like Chicago and Denver.

After the White House designated Greater Richmond among 31 national Tech Hubs last year, the region is vying for additional funding that will further bolster its pharmaceutical manufacturing cluster. Read the article here.

Around the region, news about new developments, infrastructure projects, company operations, and more is spreading quickly. Here’s a small sample:

  • A new $450 million mixed-use development is taking place in Henrico County from Kinsale Capital Group which will include almost 140,000 sq.ft. of office space. This is adjacent to a previously approved new development from Ukrop’s Homestyle Foods.
  • The Richmond-to-Raleigh rail project received a $1 billion federal grant. At approximately 162 miles, the route will connect North Carolina with Virginia, Washington, D.C., and the Northeast corridor.
  • The City of Richmond’s $30 million Riverfront Amphitheater project broke ground. Work on the site is already underway. The project will bolster Greater Richmond residents’ quality of life and attract new visitors to the region.
  • A critical transportation project has kicked off with the widening of I-64 between Richmond and Norfolk which is critical for Port of Virginia users, just over an hour away.
  • Developers are planning a new 30-acre business park in Hanover County to include 14 one-story buildings with medical offices and spec development.
  • The LEGO Group began operations at its temporary packaging facility in Chesterfield County. The Danish toy maker hired 500 employees to operate its packaging facility while building its $1 billion manufacturing center.
  • Virginia’s first lab school opened recently. The Virginia Commonwealth University x CodeRVA lab school will provide a computer-science-focused, comprehensive high school education to a diverse student body.