Honeywell has announced a $20 million investment to boost production of Spectra® fiber to meet increased demand from the North American armor industry. The current investment will take place at Spectra® fiber manufacturing facilities at Honeywell’s Technical Center in Chesterfield County.

Commonwealth Biotechnologies, Inc., a biotech contract research organization located in Chesterfield County, has raised $2.5 million through the sale of common stock and warrants to several accredited investors. The company will use a portion of the new money to enhance its bio-defense capabilities by expanding, upgrading and equipping its accredited biosafety level 3 laboratory suite.

A study by American City Business Journals says Chesterfield County,VA offers the nation’s 17th best quality of life.

Forbes magazine has released its annual ranking of America’s most business-friendly metropolitan areas. The Richmond Virginia metro area was ranked 10th on the list this year.

Each year the Chesterfield County Board of Supervisors honors local companies that contribute to the county’s economy and its citizens. For the first time, there was a tie for this honor between two nominees in the large business category; however, it was felt both organizations were worthy of this recognition. The Board of Supervisors, and the selection committee, awarded DuPont Spruance Site and Defense Supply Center Richmond (DSCR), as the recipient of Chesterfield County’s 2004 Large Business of the Year Award.