Local Business and Economic Development
A local consulting and executive coaching firm that went through the Gauntlet business competition this spring is now helping Fleet Feet Roanoke raise money to give new shoes to 8000 underserved students in Roanoke City public schools next month. WFIR’s Gene Marrano reports on the journey for, “Building Beloved Communities,” In Depth:
The day Governor Northam basically shut down the state in March 2020 when the COVID pandemic struck, Bruce C. Bryan opened the doors on his rebranded communications and marketing firm, 5 Points Creative. Today in a refurbished former residential home on Walnut Avenue they finally cut the ribbon. Formerly B2C Enterprises, 5 Points Creative now has a regional and even national client roster. Bryan is also board president for the non-profit Spot on Kirk, which will start offering live music again at the Kirk Avenue club in September.
Xaloy, a manufacturer of plastic processing components for injection and extrusion machinery, is moving its barrel manufacturing operation from Ohio back to Virginia and will reopen its former facility in Pulaski County. The company will invest $1.75 million in its 100,000-square-foot site in the Town of Pulaski to produce barrels for a wide range of applications. Virginia competed against Ohio for the project, which will retain seven jobs and create 35 new jobs. In 2016, Xaloy closed its Pulaski plant and moved the majority of the facility’s manufacturing and positions to Ohio. The company will also rehire a number of former employees familiar with Xaloy’s specific machinery.
Governor Ralph Northam today announced that his first budget proposal for American Rescue Plan funding invests $353 million to boost recovery among Virginia’s small businesses and industries hardest-hit by the COVID-19 pandemic. In May, the Governor and General Assembly leaders released a joint statement outlining shared priorities for the $4.3 billion in federal funds available to the Commonwealth from the American Rescue Plan.