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Business

  • BB&T reports higher earnings

    Officials of BB&T reported last week that it earned a record $510 million for shareholders in the second quarter, an increase of 66 percent over the same time period last year.
    BB&T’s mortgage banking income more than doubled, to $182 million, strengthened by the wave of refinancing. Overall, revenue was up 5 percent, which the bank attributed to its acquisition of wholesale insurance brokerage Crump Group Inc.
    During the quarter, the bank charged off less for bad loans and spent less on foreclosed properties.

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  • Free service for business entrepreneurs

    The Blue Ridge Crossroads Small Business Development Center offers a free service to Grayson County residents interested in starting their own business, or to improve and expand a small business.
    A Grayson County small-business counselor will provide free one-on-one business consulting for a variety of services, including: business plan preparation, financial assistance, planning, organization and startup, and ongoing assistance.
    The effort supports small business formation and growth throughout Grayson County.

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  • Local VDOT workers place in truck rodeo

    Employees from the Virginia Department of Transportation who serve in the Grayson County area tested their driving skills in the annual VDOT Truck Roadeos for the Wythe Residency and 12-county district competition in Bristol.
    Local winners in Wythe Residency single-axle truck competition were: first place, Anthony Hash, Volney area headquarters; third place, Kevin Copenhaver, Wythe/Grayson sign crew. The operators drove a three-ton dump truck equipped with an 11-foot snowplow through a series of obstacle courses.

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  • FSA County Committee nominations underway

    GALAX — Farmers and ranchers are urged to participate in this year’s county committee elections by nominating candidates by the Aug. 1 deadline.
    Elections will be held in Local Administative Area 3 (includes districts: Providence, Baywood, Oldtown, Woodlawn, Laurel, West Hillsville).  County committees are a vital link between the farm community and the U.S. Department of Agriculture and provide a voice to landowners, farmers, and ranchers so that their opinions and ideas can be heard.  


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  • ‘Fixing the Future’ documentary to be shown July 18

    Galax joins cities and towns nationwide in screening the new documentary “Fixing the Future,” spurring action toward strengthening local economies.  
    Galax is only one of two locations in Virginia participating in this national premiere, which will be held  7-9 p.m. July 18 at Rex Theater.

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  • Gov. announces new manufacturing operation in Washington County

    RICHMOND — A national leader in developing engineered solutions in steel bridges, corrugated metal structures, retaining wall systems and corrugated pipe, will invest $1.9 million to establish an operation in Washington County, Gov. Bob McDonnell announced last week.
    The company will manufacture prefabricated bridge parts, creating 32 new jobs over the next three years. Virginia successfully competed against South Carolina for the project. Lt. Gov. Bill Bolling joined business and government leaders on the governor’s behalf to announce the project.

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  • Virginia announces certified farm seeker program

    A new program allows younger would-be farmers to become “certified farm seekers,” a designation that lets landowners know the participants are serious about farming.
    The Certified Farm Seeker program is designed for farmers at all levels: beginning, established or transitioning.
    Its goal is to provide individuals who want to farm with the tools needed to successfully demonstrate their farming commitment and vision to interested landowners.

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  • Bryant qualifies for financial advisors leaders conference

    Doug Bryant, an Edward Jones financial advisor in Galax, attended the firm’s 2012 financial advisor leaders conference in St. Louis.
    He was one of 570 out of 11,000 of the firm’s financial advisors who was recognized among leaders in the financial services firm.
    The 2012 conference was held in May at the firm’s headquarters in St. Louis, Mo.
    Working with Bryant in Galax are senior branch office administrators Laurie Merry and Stephannie Dees.
    Edward Jones provides financial services for individual investors.
     

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  • Small business help offered

    If you’re a Grayson County resident interested in starting or expanding a small business, then there are free resources to help you.
    The Blue Ridge Crossroads Small Business Development Center recently announced a free service to the residents of Grayson who want to start their own business or would like to improve and expand their current small business.
    A small business counselor will provide free one-on-one business consulting for services such as: business plan preparation, financial assistance planning, organization and startup and ongoing assistance.

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  • Easing of China’s ban on logs is good news for timber owners

    China has agreed to re-open its market to imports of Virginia logs, reversing a yearlong trade barrier.
    Bans by the Chinese government on poultry and logs from Virginia have proven to be ongoing challenges for the state’s agriculture, forestry and shipping sectors.

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