Wellmore, a Grundy-based producer of metallurgical coal, will cut 72 jobs in Buchanan County by mid-October, according to letters it sent to state officials.
Matt Busse
Matt Busse covers business for Cardinal News. He can be reached at matt@cardinalnews.org or (434) 849-1197.
Posted inEconomy
Energix says ‘domino effect’ of weather events led to solar site’s environmental problems
The utility-scale solar farm developer Energix Renewables has been cited by DEQ in multiple environmental cases in recent years. The most recent involved stormwater problems at Sunny Rock Solar in Henry County.
Posted inEconomy
Governor announces $40 million to prepare business sites across Virginia
More than $12 million will go to seven localities in Central, Southside and Southwest Virginia.
Posted inEconomy
Virginia levies $120K penalty for Henry County solar facility
State inspectors said they found environmental violations at Energix Renewables’ Sunny Rock Solar. This marks the fourth year in a row that the company has faced such civil penalties.
Posted inEconomy
Herbal tea company set to break ground in Franklin County, 5 years after initial announcement
Traditional Medicinals first revealed details of the $47 million project just before the pandemic hit. The California-based company now says the plant will be running by next summer.
Posted inEconomy
USDA announces $60.9 million for Virginia farmers hit by Helene
The program is targeted toward farmers and foresters who have not received assistance through other programs.
Posted inEconomy
Mountain Valley Pipeline weighs possible expansion, new Virginia compressor station
The company’s plan, called “MVP Boost,” would boost the pipeline’s natural gas capacity by 25% and could employ a new compressor station near the border of Montgomery and Roanoke counties.
Posted inPolitics
Small rural stations like Appalachia’s community-focused ‘possum radio’ among the hardest-hit by public media cuts
Congress has clawed back $1.1 billion as part of an effort to end taxpayer funding of PBS and NPR. Among those impacted are Allegheny Mountain Radio and WMMT, which offer local news, eclectic playlists and a sense of place.
Posted inEconomy
Appalachian Power has $135 million plan to improve reliability
The electric utility, which has about 540,000 customers in Western Virginia, says its upgrades will reduce outages, improve security and better prepare the grid for future advanced technologies.
Posted inEconomy
Residential solar industry weighs impacts of tax credit loss, potential rate changes
The end of a 30% federal tax credit for new home solar panel systems, plus a potential reduction in how much home solar panel owners are compensated for their extra electricity, could significantly change the financial benefits of investing in solar.
