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Recent Articles from Kate Andrews
Economic Development: Keep on keeping on
In 2023, Virginia racked up another year of economic development wins in the manufacturing sector. Meanwhile, Gov. Glenn Youngkin continued his push toward producing more shovel-ready industrial sites in the state, one of his key priorities since taking office in January 2022. In November 2023, the U.S. Department of Energy announced that the Southern Virginia […]
2024 Big Book intro: Invasion of the bots!
If it feels like robots took over our lives this past year, that’s because they have. Many of us have used ChatGPT to write an email, created an idealized self-portrait with Midjourney or seen a deepfake on X. Everyone has at least read marketing texts or emails created by a generative AI tool. To different […]
Atlantic Union acquisition of American National approved
Richmond-based Atlantic Union Bank‘s parent company announced Monday that the Federal Reserve’s Board of Governors has approved its acquisition of Danville-based American National Bankshares, holding company of American National Bank and Trust. The Fed’s signoff was the last regulatory approval needed for the merger — announced in July 2023 — to close on April 1, […]
GMU report: Arena project would produce 5,400+ affordable housing units
Updated Feb. 22, 2024 A study conducted by George Mason University’s Center for Regional Analysis found that the proposed $2 billion Alexandria sports arena and entertainment district supported by Gov. Glenn Youngkin would create more than 5,400 workforce-affordable housing units, far exceeding the city’s goals. The report released this week was requested by JBG Smith […]
Navy Federal Credit Union CEO McDuffie to retire
Mary McDuffie, president and CEO of Vienna-based Navy Federal Credit Union, the nation’s largest credit union with $168.4 billion in assets and more than 13 million members, is retiring as of the end of February, and Chief Operating Officer Dietrich Kuhlmann will succeed her starting March 1, the credit union announced Wednesday. According to the […]
Va. unions oppose Alexandria arena, but governor sticks by it
The AFL-CIO’s Virginia member unions announced Tuesday that they oppose the proposed Alexandria arena for the Washington Capitols and Wizards teams and a surrounding entertainment district. The $2 billion deal has been promoted by Gov. Glenn Youngkin and some City of Alexandria officials, while receiving significant pushback from key Democratic state lawmakers and some Alexandria […]
Alexandria arena proposal economic impact report released
An economic and fiscal impact analysis released Friday by the Alexandria Economic Development Partnership forecasts that the proposed Washington Capitals and Wizards arena in Alexandria could generate up to $7.96 billion in annual economic output for the state. Additionally, the report says the arena could be completed as soon as 2028 if its construction schedule […]
CEO Hunt leaving Va. Credit Union League
Carrie Hunt is leaving at the end of the month as president and CEO of the Virginia Credit Union League, and Chief Operating Officer Karima Freeman will serve as interim head of the trade association, VACUL announced Tuesday. Hunt, a seasoned political lobbyist, is leaving to become chief advocacy officer of America’s Credit Unions, a […]
Lucas: Alexandria arena deal is dead as far as she’s concerned
A bill that would establish a state authority for the proposed Alexandria basketball and hockey arena is not on the Virginia State Senate’s Finance and Appropriations Committee’s docket “because [Gov. Glenn Youngkin’s] proposal is not ready for prime time,” wrote Sen. Louise Lucas, the committee’s powerful chair. According to a video released by Senate Majority [...]
Slowly bot surely
From health care to real estate and law, artificial intelligence is becoming an increasingly bigger part of many industries, with executives rolling out new tools and updating policies. Like other businesses, banks and credit unions too have been exploring this electronic frontier, although they’re pairing technological progress with caution. Even if you’re new to the […]
