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U.Va. president resigns under pressure from DOJ
University of Virginia President Jim Ryan has resigned, saying he can't fight the federal government to save his job.
High times in Virginia: legal THC seltzers emerge statewide
Mountain High Seltzer announced earlier this month it is the first legal THC seltzer to be distributed statewide by major companies.
UVA Health receives $50M in two anonymous gifts for Manning Institute
Two anonymous donors have given $25 million gifts to support the University of Virginia's Manning Institute of Biotechnology.
Kroger to close at least two Virginia stores in profitability move
Kroger plans nationwide store closures over 18 months to improve profitability. At least two stores in Virginia will likely close.
EdgeCore to invest $17B in Louisa County data center campus
EdgeCore Digital Infrastructure has purchased 697 acres in Louisa County to build a 3.9 million-square-foot data center campus a total expected investment of $17 billion
Atlantic Union to expand Henrico office, add 50 jobs
Atlantic Union Bank is investing $5.1 million to upgrade its corporate offices in Henrico County to accommodate growth, the bank announced this week.
PACE Equity announces Richmond leader
Wisconsin-based PACE Equity expanded its team this month with the addition of Steve Farbstein as Richmond’s originations leader.
Schewels Home acquires 100-year-old Petersburg retailer
Lynchburg retailer Schewels Home announced that it acquired Petersburg-based Butterworth’s Furniture, which has been in business since 1925.
Former Martin’s store in Chesterfield sells for $2.87M
The former Martin’s retail space at Chesterfield Meadows shopping center has been sold for $2.87 million to a limited liability company.
Molina Healthcare to close Henrico office, laying off 268 workers
Molina Healthcare, a Fortune 500 company that manages health care services for Medicaid and Medicare recipients, is closing its Henrico County office and laying off 268 workers.
Kings Dominion has new manager after Six Flags layoffs
Jennifer Schofield succeeds Bridgette Bywater as Kings Dominion’s head, following Six Flags announcing a more than 10% full-time workforce reduction.
Fed’s Fifth District expands slightly amid uncertainty
The Fifth District economy saw mild growth, with mixed hiring, rising import costs, and steady consumer spending despite economic uncertainty.
