Business

The daylong summit builds on the work of the 2021 and 2022 Regional Economic Recovery Series events and will take a solutions-focused and collaborative approach by bringing together people from across the valley working to address issues in housing, childcare, transportation and workforce development.  

The Rockingham Petroleum Cooperative’s Broadway fuel center welcomed its first customers on Monday. The center’s location in the town’s southeast end makes it the third location in the Shenandoah Valley, following their two other centers in Harrisonburg and Broadway.

The project, which would also include a craft brewery and restaurant, was tabled at the Board’s meeting earlier this month after residents near the proposed site on Resort Drive spoke against it. County staff also voiced concerns about a lack of access for emergency vehicles on site.  

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In 2023, visitors spent $242.2 million in Harrisonburg, a nearly 17 percent increase over pre-pandemic numbers that have grown every year since 2019. That spending supported 2,678 jobs in the city and contributed nearly $13 million to local tax revenue.

If they meet the requirements necessary to obtain a pharmaceutical processor permit, the company will be free to cultivate cannabis plants, produce marijuana products and sell to qualified medical marijuana patients.

Less than a month after filing for Chapter 11 bankruptcy protection, the Richmond-based company says it is now “winding down operations” after failing to find a buyer in recent negotiations with prospective bidders.

The city of Staunton will receive $9 million for its Staunton Crossing project while Rockingham County will get $4.5 million for the Innovation Village project.

Steve Campbell, President of Cornerstone Wealth Advisors, says for the last three years, the concern was that the Federal Reserve raised interest rates too much. Now, the concern is that the reserve is not cutting rates in a timely fashion.

The new contract is expected to begin January 1, 2026, and would offer lodging operation, food and beverage sales, retail, grocery, camper services, fueling stations, stable operations and four campgrounds.