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CoStar Creating 732 Jobs At Virginia R&D Center

Business Facilities

The new R&D center will create 732 new jobs and have a total economic impact of $250 million via direct local salaries, lease on the property, and capital improvements at the facility. The Virginia Economic Development Partnership worked with the City of Richmond and the Greater Richmond Partnership to land the project.

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Logistics: On the Road, Water or Rails…or in the Air — AGAIN

Business Facilities

To meet demand, rails increased capacity with 1,300 new and rebuilt locomotives; 3,800 freight car purchases; and 700 new leased freight carts. billion investment by Dominion Virginia Power, which constructed a cutting-edge technology power plant. Source: Brunswick County, Virginia IDA). Overall rail traffic was up 4.5

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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

Key to the new marketing initiative was a CEO Council-sponsored hosting event for leading corporate real estate executives, site selection consultants and media outlets, which included a reception at Nova Southeastern University’s new $50-million Oceanographic Center. Cabela’s site is part of Nebraska Technology Park. The company $7.2-million

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Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

Apple’s selection of Austin as the site for its new $304-million Operations Center was the Bronze Award winner in Business Facilities ’ 2012 Economic Development Deal of the Year competition. The riverfront complex is being built on the old Advocate newspaper site. The Port of Virginia in Norfolk is the first port on the U.S.

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FEATURE STORY: High-Tech Hubs Are Moving To Their Markets

Buisness Facilities Contributed Content

This means that new hot spots of tech innovation are springing up in places like Kansas City, the site of Google’s new high speed Google Fiber network, and Pittsburgh, a new hotbed for innovative tech start-ups. Google’s growth in the city has helped put Pittsburgh in the top tier of regional technology sites.

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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

Buisness Facilities Contributed Content

Currently, the Port of Baltimore and Port of Virginia (in Norfolk) are the only East Coast ports that can accommodate the large ships. The Port of Baltimore is one of only two East Coast ports, along with the Port of Virginia in Norfolk, now able to handle post-Panamax ships. PORT OF VIRGINIA: READY FOR POST-PANAMAX SINCE 2006.

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FEATURE STORY: 2014 Economic Development Awards

Buisness Facilities Contributed Content

Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). Many large national and global businesses actively site projects in areas where renewable energy sources are available in order to meet broader company-wide sustainability goals.

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