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March 2013 Archives

Virginia greenhouse venture will add 205 jobs

A new $30-million greenhouse operation is expected to create 205 jobs in Virginia over the next five years. Red Sun Farms plans to construct multiple climate-controlled greenhouses to grow organic, hydroponic vegetables by using state-of-the-art technology. Virginia Gov. Bob McDonnell lauded the new business formation as a "game-changing project" that has been a long time coming. The project will be constructed on 45 acres in a new business park located in Dublin, Virginia. Red Sun Farms will be the first tenant of the New River Valley Commerce Park. The company has operated in Mexico under the name Agricola El Rosal since 2001.

LifePoint and Fauquier agree to form joint venture

With LifePoint Hospitals playing an active role in recent hospital mergers and acquisitions, the Brentwood, Tennessee organization has signed a memorandum of understanding with Fauquier Health in Warrenton, Virginia. The contract sets forth the parties' intent to form a joint venture. Under the terms of the non-binding agreement, LifePoint would invest an undisclosed amount of money in Fauquier's business. The transaction will also result in an elimination of Fauquier's debt, and LifePoint will gain a majority ownership in Fauquier although both organizations will retain equal control of their respective organizations. The two entities will also cooperate in a number of other efforts including a campaign to recruit more physicians and the creation of a new charitable foundation.

Small business start-ups still possible

New research shows that it is the baby boomers, not the Generation Y entrepreneurs, who are the real risk takers when it comes to business formation. Boomers and Generation X'ers are far more likely to take on the challenges of starting a small business than their younger counterparts. The study found that 41 percent of Generation X employees, those between 30 and 49, and 45 percent of baby boomers, aged 50 to 69, consider themselves "entrepreneurial" as compared to only 32 percent of Generation Y investors aged 18 to 29. While younger workers do tend to be drawn to smaller companies where they can exercise their creative spirit, all generations evidence an entrepreneurial spirit within their companies.Older workers have many advantages when it comes to starting a business, including experience, connections and accumulated wealth. At least 40 percent of Generation Y business owners and 43 percent of baby boomers identified themselves as "high risk" in terms of business ventures while only 28 percent of Generation Y responders answered this way.

University of Virginia property seizure follows contract dispute

A professor with the university of Virginia claims his rights were violated in a search and seizure of his home by campus police that followed an employment dispute with the university. The search warrant affidavit claimed that the professor was using University assets to conduct a private business, yet an attorney for the professor states that many of the items seized during the search held confidential information that was relevant to a contract dispute. In response, the professor filed a civil suit seeking $100,000 in damages from the university and the return of all property, which includes several hundred files and computer drives. Meanwhile, campus police in possession of this material are asking for help from other law enforcement agencies in processing it.

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