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Recent Articles from Courtney Mabeus-Brown
Hotel revenue still up, but shows signs of softening
Virginia’s hotel industry revenues remain above pre-pandemic levels but are beginning to show a softening. That’s according to a report from Old Dominion University’s Dragas Center for Economic Analysis and Policy released Tuesday. According to the center’s analysis of data from STR, a division of CoStar Group that provides market data on the U.S. hospitality […]
Lyon Shipyard to expand, adding 134 jobs
Lyon Shipyard, a 95-year-old family-owned ship repair facility in Norfolk, will spend $8.5 million to expand its operations and add an estimated 134 jobs, Gov. Glenn Youngkin announced Wednesday. The shipyard plans to increase its capacity to work on commercial ships and vessels that will work on offshore wind farm operations. Virginia competed with Maryland […]
Dominion pitches state on $70M battery storage pilot
Dominion Energy Virginia is asking the state to allow it to test two technologies that it says could lengthen the time its batteries can electrify the grid from an average of four hours to longer than four days. In a 117-page filing made Monday with the State Corporation Commission, Dominion said its Darbytown Storage Pilot […]
Va. trade office opens in Taiwan
Virginia has opened its trade office in Taiwan. Announced in April, the office is Virginia’s fourth international trade office and follows Youngkin’s meeting with Taiwan’s president, Tsai Ing-wen, during the governor’s first international trade mission. Virginia Secretary of Commerce and Trade Caren Merrick was joined by Liang-yu Wang, director general of Taiwan’s Dep[...]
44 Va. schools make U.S. News and World Report’s 2024 list
Forty-four Virginia schools ranked on the U.S. News and World Report’s 2024 best lists of more than 600 universities and liberal arts colleges in the country, released Monday. The University of Virginia ranked No. 24 in national universities, tying with Carnegie Mellon and Emory universities and Washington University in St. Louis. U.Va. ranked No. 5 […]
U.Va. receives $50M gift from Breeden Co. founder
Ramon W. Breeden Jr., founder and chair of Virginia Beach-based developer The Breeden Co., has given $50 million to his alma mater, the University of Virginia, to support business education and athletics. University President Tim Ryan announced the gift during a U.Va. Board of Visitors meeting Friday, according to a news release. The gift will […]
GDIT names new chief growth officer
Falls Church-based General Dynamics Information Technology has named Paul Tartaglione as its new chief growth officer, the company, a subsidiary of Fortune 500 contractor General Dynamics, announced Monday. Tartaglione started in his new role Monday. He joined GDIT from McLean-based Fortune 500 management consultancy Booz Allen Hamilton, where he most recently served as senior vice […]
German yeast upcycler building plant in Rockingham
Leiber, a German manufacturer that processes brewers’ yeast into animal food, biotechnology and supplements, will invest as much as $20 million to establish its first U.S. operation in Rockingham County’s Innovation Village, adding an estimated 35 jobs. Gov. Glenn Youngkin announced the new facility Monday. It will be completed in phases and increase the company’s […]
Estes trucking subsidiary to buy Minn. supply chain co.
Estes Forwarding Worldwide, a wholly owned subsidiary of Richmond-based Estes Express Lines, plans to acquire Superior Brokerage Services, a Minneapolis-based, single-sourced supply chain company specializing in domestic and international transportation, U.S. customs brokerage services and warehousing. Terms of the deal were not disclosed, but EFW CEO Scott Fisher told Virginia Business on Thursda[...]
NoVa home prices increase, Hampton Roads sees inventory boost
Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia Association of Realtors. At the same time, year-over-year sales declined, decreasing 12.4% from August 2022, but month-over-month sales increased as the summer reaches its end. […]
