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Adi Motorsports Inc. plans to expand its Halifax County operations and hire 32 new employees for fabrication and body work on race cars. Virginia competed with North Carolina for the investment. (PR)

Old Dominion University in Norfolk announced plans to create a research facility to bring together college students and faculty with the private sector for technology development and business opportunities. The facility, to be called Innovation Research Park @ ODU, will be based in a 75-acre, mixed-use university setting. Plans call for construction of two research facilities with the possibility of adding two more buildings in the future. (PR)

Specialty Blades Inc., a Staunton-based manufacturer of precision cutting components for industry and medical use, plans to invest $6 million in a plant expansion expected to create 25 new positions. (PR)