RICHMOND – Governor Bob McDonnell announced today that InMotion Hosting, Inc., a provider of Web-hosting solutions for small and medium-sized businesses, will invest $250,000 to expand its operations in Virginia Beach. The project will create up to 275 new jobs.
“Since establishing operations in Virginia Beach in 2004 with just one employee, InMotion Hosting has continued …

RICHMOND – A groundbreaking ceremony was held today on the site of Orion’s future $4.0 million combined hanger/office space complex at Air Commerce Park located at the Newport News/Williamsburg International Airport.  Lieutenant Governor Bill Bolling, Newport News Vice Mayor Joseph Whitaker and the Peninsula Airport Commission helped Orion Air Group break ground on their new …

Cobham is preparing to ramp up production at its new manufacturing facility in Suffolk. Cobham held a ribbon-cutting ceremony for the plant Monday. Sen. Jim Webb, U.S. Rep. J. Randy Forbes and Lt. Gov. Bill Bolling were among the dignitaries who attended. The plant will manufacture composite engine components for the F-35 Joint Strike Fighter and parts for other military aircraft. A skeleton crew of 18 is currently employed at the 73,500-square-foot facility. By 2014, it’s expected to employ more than 200 workers.

Car rental company Avis Budget Group and insurance giant Geico plan to hire or relocate a total of 210 workers here in the coming months, Mayor Will Sessoms announced today in his State of the City address.
Avis Budget plans to hire about 85 management and support staff and move about 15 more workers from the …

Notwithstanding the state’s $4.2 billion shortfall, he vowed to double the Governor’s Opportunity Fund – a source of grants to entice businesses to move to the state – to $20 million a year. As of 2005, a similar fund in North Carolina was three times as large, McDonnell said. “No wonder we’re getting beat,” he said last week…