THE VIRGINIAN-PILOT
Copyright (c) 1997, Landmark Communications, Inc.
DATE: Wednesday, January 22, 1997 TAG: 9701220526
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 48 lines
The Planning Commission began clearing the way Tuesday for a hotel and shopping center in Suffolk's fastest growing corridor near Interstate 664 in the city's northern section. The commission voted unanimously to recommend rezoning of 30 acres of land for the businesses at College Drive and Town Point Road. The City Council will consider the development next month. If the council approves, the shopping center will house a large grocery store, a pharmacy and other retail and small shops, and the separate hotel. (Staff) Peninsula tallies nine new companies in 1996
The Virginia Peninsula Economic Development Council helped land nine companies employing 2,500 and responsible for $60 million in capital investment in the past 12 months, said the organization's president at its quarterly board meeting. The new companies have moved into a total 650,000 square feet of space. The VPEDC said it is working with prospective companies in the manufacturing and high-tech industries that represent 1,000 jobs and $35 million in capital investment. The public-private organization's target industry study will be completed by the end of February. (Staff) Peninsula airport grant cuts debt for terminal
The Peninsula Airport Commission has received approval of a grant from the Federal Aviation Administration of $1.7 million for debt retirement for the new passenger terminal building which opened November 1992 at Newport News/Williamsburg International Airport.
The Peninsula Airport Commission had retired $2.6 million of the $7 million indebtedness for the terminal project.
The grant from the FAA is over a two-year period. (Staff) Oats can be advertised as heart-healthy food
The Food and Drug Administration decided Tuesday to let that morning box of oatmeal advertise that it's heart-healthy. Under the new regulation, companies can claim that eating foods made from rolled oats, oat bran and oat flour that contain enough soluble fiber may reduce the risk of heart disease - as long as they're part of a low-fat diet. The regulation, effective immediately, was prompted by a request from Quaker Oats, the nation's leading maker of oatmeal. Other cereal makers will benefit, too: General Mills is preparing to relabel original Cheerios and other brands. (Associated Press)