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Virginia rises to No. 2 in CNBC’s Top States for Business
Rated America’s best state for education, Virginia climbed to the No. 2 spot in CNBC‘s 2023 Top States for Business rankings, with North Carolina taking the top spot for the second year in a row. “Virginia is our most decorated state, a five-time winner,” the cable business news network said Tuesday, “but you’ll pay dearly […]
MicroStrategy buys $347M more bitcoin in Q2
MicroStrategy Inc. and its subsidiaries purchased about $347 million worth of bitcoin — approximately 12,333 units — from April 29 to June 27, according to the Tysons-based tech company’s June 28 filing with the U.S. Securities and Exchange Commission. Believed to be the world’s largest publicly traded corporate holder of bitcoin, MicroStrategy and its subsidiaries […]
TowneBank hires chief risk officer, senior EVP
Suffolk-based TowneBank appointed Ernest Piccioli as senior executive vice president and chief risk officer, the bank announced Monday. Piccioli is based at TowneBank’s headquarters. As chief risk officer, he will be responsible for governance of the company’s risk programs and oversee risk management, vendor management, credit review and appraisal services. “Having Ernest aboard as [...]
NoVa housing forecast: sellers’ market to continue
Northern Virginia’s housing market will likely remain a sellers’ market for the rest of 2023, according to a Northern Virginia Association of Realtors market forecast released June 6. NVAR and George Mason University’s Center for Regional Analysis predict a continuing housing inventory shortage and pent-up demand from buyers amid positive economic conditions but mounting risks. [[...]
Truist grants $500k to aid Richmond Community Wealth Building office
Truist Foundation announced it has made a $500,000 grant that will ultimately help Richmond’s Office of Community Wealth Building provide further financial, education and employment coaching to city families, the philanthropic arm of Truist Financial Corp. announced in a press conference Friday. “At Truist, our purpose is to inspire and build better lives and communities, and […]
Va. Board of Accountancy elects next chair
Wendy P. Lewis, a partner in KPMG LLP’s audit practice, will become chair of the Virginia Board of Accountancy on July 1. Lewis is currently the board’s vice chair; her term as chair will end on June 30, 2024. “I’m honored to step into the role of chair. … As the first Black woman to […]
Hampton Roads warehouses sell for $8.4M
A portfolio of three warehouses in Hampton Roads sold for $8.4 million in mid-May. Tidewater Fleet Supply, an independent distributor of fleet, truck, trailer and heavy equipment parts, leases the properties. Located at 3666 Progress Road, the Norfolk warehouse sold for $6.03 million, according to city property records. The parcel is approximately 4.82 acres. At […]
NoVa chamber inducts Deb Gandy as next chair
Deborah G. “Deb” Gandy, senior managing director at Chevy Chase Trust Investment Advisors, was inducted as 2023-2024 chair of the Northern Virginia Chamber of Commerce on Tuesday. Gandy, the first Black woman to chair the chamber, previously served as the chamber’s 2022-2023 vice chair and succeeds Matt McQueen, Peraton Inc.’s chief communications and engagement officer, […]
Bon Secours names Harbour View Hospital president
Andy Spicknall became the inaugural president of Bon Secours Harbour View Hospital in Suffolk on Monday. Spicknall, who most recently served as vice president of operations at Bon Secours Maryview Medical Center in Portsmouth, reports directly to Pat Davis-Hagens, the health system’s Hampton Roads market president. “During his nearly 10 years with Bon Secours, Andy […]
Virginians bet nearly $426M on sports in April
Virginians wagered $425.98 million in April, up 6.6% from the year prior, according to data released June 1 by the Virginia Lottery. About $422 million in sports betting revenue came from mobile operators, and the remaining $3.5 million came from casino retail activity out of the temporary Hard Rock Hotel & Casino Bristol and the […]
36 Va. companies make 2023 Fortune 1000 list
Thirty-six Virginia-based companies made Fortune magazine’s 69th annual Fortune 1000 list, notably including newcomers to the commonwealth Raytheon Technologies Corp. and Boeing Co. as Virginia’s second and third highest-ranking companies. Freddie Mac remained Virginia’s top-ranked company, at No. 45, and 24 Virginia companies made this year’s elite Fortune 500 list. Releas[...]
Charlottesville regional chamber names prez and CEO
Natalie S. Masri will assume the role of president and CEO of the Charlottesville Regional Chamber of Commerce on June 1, the chamber announced Tuesday. She succeeds Andrea Copeland, who has served as the chamber’s interim president since February and will become the chamber’s chief operating officer. Masri most recently founded Brave May LLC, a […]
