Sign In
Free Newsletter
Recent Articles from Katherine Schulte
Fluence launches IPO that could raise $868M
Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., launched its initial public offering (IPO) of 31 million shares of Class A common stock Thursday at $28 per share. The company is trading on the Nasdaq Global Select Market under the ticker symbol “FLNC.” As of 3:55 […]
UVA Community Health names interim CEO
Erik Shannon will become the interim CEO of University of Virginia Community Health on Nov. 5, the network announced Thursday. UVA Community Health is a network of outpatient services across Culpeper and Northern Virginia, with UVA Culpeper Medical Center, UVA Haymarket Medical Center and UVA Prince William Medical Center. Shannon was most recently a partner […]
Va. new jobless claims rise slightly
Virginia’s new unemployment claims rose by about 30% last week, the Virginia Employment Commission reported Thursday, but remained about 8,000 lower than the number filed two weeks ago. For the filing week ending Oct. 23, Virginians filed 2,570 initial claims, an increase of 603 claims from the week before. Continued claims totaled 44,840, a decrease […]
VF Corp. to create 82 jobs in Henry County
Denver-based apparel and footwear company VF Corp. will create 82 jobs with a $10.2 million expansion within Henry County, Gov. Ralph Northam announced Thursday. The company will make upgrades within its 500,000-square-foot facility in Martinsville to increase distribution capacity and speed. “VF Corp. has thrived in Henry County for nearly 20 years, and we are […]
Fluctuating fortunes
The Steward School campus in Henrico County looks a bit different this year. With five mobile classrooms, a tent on the patio and masked faces, the school has noticeably adapted to the demands of teaching students amid a pandemic. “In a lot of ways, we’ve gotten somewhat back to normal,” Head of School Dan Frank […]
Va. CEOs expect sales, employment to increase
Almost 70% of CEOs expect sales to increase over the next six months, and about 60% expect employment to increase, according to a third quarter survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (VACEOs). Compared to answers from the CEO Economic Outlook Survey conducted at the […]
Arlington agriculture nonprofit names first president and CEO
Arlington-based sustainability agriculture nonprofit Leading Harvest announced Friday that it has named Kenny Fahey as its first president and CEO. Fahey, who works remotely from Seattle, has been Leading Harvest’s executive director since its launch 18 months ago. He has enrolled more than 1.3 million acres across 29 states in the organization’s Farmland Management Standard […]
Petersburg retail centers sell for $10.25M
Two neighborhood retail centers in Petersburg sold for $10.25 million on Oct. 15. The two properties total 192,510 square feet and occupy 24.9 acres. Located at 3330 S. Crater Road, South Crater Square is 82.7% leased and anchored by Rose’s, with Walmart Supercenter as a shadow anchor. Pinehill Plaza, located across the street at 3333 […]
Va. unemployment rate dropped to 3.8% in September
In September, Virginia’s unemployment rate fell to 3.8%, 0.2 points below August’s rate, Gov. Ralph Northam announced Friday. The state’s unemployment rate has declined for 16 months straight. In September 2020, the jobless rate was at 6.6%, 2.8 points higher than last month. The labor force decreased by 3,859 to 4.2 million, but the number […]
Breeden Construction to build $38.9M apartment complex additions
Virginia Beach-based real estate development firm The Breeden Co.‘s general contracting company announced Thursday that it has been contracted to develop the $38.9 million second phase of Center West Apartments in Midlothian, not far from the Westfield Commons Shopping Center. Charlottesville-based Castle Development Partners owns the multifamily project, which was referred to as Watkins Cen[...]
