Local Business and Economic Development

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Analysis from QuoteWizard, found that inflation is contributing to 53% of Virginians having a hard time paying for their usual household expenses, like food and gas. WFIR’s Caroline Moore has additional details.

One of the threats emanating from the Russia-Ukraine crisis is not only a war on the ground – it is possible Russian cybersecurity attacks in Ukraine. It happened about six years ago and cost American companies billions of dollars. What does your company – large or small – need to know about cybersecurity? WFIR’s Gene Marrano has more, “In Depth.”

The COVID epidemic uncovered many things people were unprepared for – like not having enough savings to get through such an emergency. That’s one reason the “Bank On Roanoke Valley” program was launched several years ago, and its in the spotlight again this week, as WFIR’s Gene Marrano reports:

Roanoke Valley residents can register to attend the events online. To register for the events, visit www.uwrv.org/bank-on-roanoke-valley

Ian Price photo

Acute knee pain has sidelined many a weekend warrior and kept others off their feet as well. At the ribbon cutting for Joint Regeneration on 2nd Street Southwest in Roanoke today, managing member Nick Campagnoli said their 5-shot regimen and a subsequent platelet therapy will help restore fluidity in a knee and the damage from arthritis – without surgery. Campagnoli says the treatment is covered by insurance and has been shown to last at least from 6 months to two years.

 

A major fund-raising campaign is underway to help the Roanoke region attract new and high-paying employers — and the jobs and economic development they can bring. “Thrive 2027” has a $3.6 million goal to help fund such efforts over the next five years. It quietly raised $2.8 million before entering its public phase today. WFIR’s Evan Jones has more:

CLICK HERE for full Thrive 2027 information.

Lowe’s Expected to Bring 70 Jobs and Support Economic Development in the Roanoke Valley

Lowe’s will be building a new distribution center at Valley Tech Park, the Roanoke County industrial center near I-81. The 11 million dollar development deal includes a 60,000 square foot warehouse to be built, employing about 70 once  it is completed within the next year. Roanoke-based Cherney Development is partnering on the deal. Roanoke County Director of Economic Development Jill Loope on what’s trending:

ROANOKE, VA (February 7, 2022) – Roanoke-based Cherney Development today announced the completion of an $11 million development deal that will bring a new distribution operation for Lowe’s Companies, Inc. to Roanoke County. The new warehouse and distribution center is expected to generate 70 new jobs and contribute to the economic vitality of the county and the region. Cherney Development, in partnership with Samet Corporation, a leading contractor and development firm for the Southeast, will develop the site and construct the 60,000-square-foot distribution warehouse in Roanoke County’s Valley TechPark located on Technology Drive in West Roanoke County near Dixie Caverns.

The new warehouse and distribution site will position Lowe’s to more quickly and efficiently deliver products to consumers in the region as the 5G revolution takes hold and revolutionizes online commerce and delivery logistics. Lowe’s expects to fill 70 jobs at the site from delivery drivers to warehouse staff. “We’re on the cusp of great leaps in logistics and the delivery of consumer goods enabled by the roll-out of 5G and IOT technology,” says Jim Cherney, Founder and CEO of Cherney Development. “To realize the full benefits this provides, we need physical infrastructure in place and I’m proud to work with Samet Corporation and Roanoke County Economic Development who helped pave the way to make that possible right here in the Roanoke Valley.”

“We are excited to be a part of the site development and construction of this facility,” says Ken Grube, Regional Vice President for Samet. “We’ve been constructing projects like this one for over 60 years and understand the importance in creating a trusted partnership with all the key stakeholders to deliver both an exceptional project and experience for everyone involved.”
Construction is expected to begin in the coming months and be completed within about a year. The project is being financed by First Community Bank

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