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Recent Articles from Katherine Schulte
Va. Chamber president and CEO to retire
Virginia Chamber of Commerce President and CEO Barry DuVal plans to retire in early 2025, the chamber announced Thursday. DuVal became head of the chamber in April 2010. During his 14-year tenure, the business advocacy organization has grown from around 1,000 members to more than 32,000. “During his tenure with the Virginia Chamber of Commerce, […]
Henrico EDA program will help international businesses get foothold
The Henrico Economic Development Authority is launching a global business gateway program for internationally headquartered companies seeking to establish a presence in the United States. The Henrico Global Business Gateway, which the EDA announced Tuesday, will provide international businesses with office space for up to three staffers each in the upcoming Gather Workspaces coworking location [&h[...]
ACI doubles its Chesterfield HQ
Commercial and industrial contractor Atlantic Constructors Inc. (ACI) is doubling its headquarters in Chesterfield County, a roughly $25 million project. The contractor, which provides mechanical, electrical, plumbing and fire protection products and services, plans to open a second 170,000-square-foot building on 18 acres beside its existing building, which sits on 25 acres, in early November. [&[...]
Peterson Cos. names president
Daniel McCahan, most recently chief operating officer of Madison Marquette, will become president of Fairfax-based real estate developer Peterson Cos. on Sept. 9. McCahan worked at Washington, D.C.-based real estate investment firm Madison Marquette for 13 years, first joining as a senior vice president. “We are pleased to welcome Daniel McCahan as president of Peterson […]
Pump, valve manufacturer to expand in Henrico
KSB USA/North America, a Henrico County-based pump and industrial valve supplier, will invest $25 million to more than double the square footage of its facility there, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. As part of the expansion, KSB will add another loading dock office space and update its shipping […]
Virginians bet $377.6M on sports in July
Virginians bet $377.6 million on sports in July, up 28.6% from July 2023, according to Virginia Lottery data released Friday. July’s handle was a 9% decrease from the $415 million Virginians bet in June. Virginia bettors won $332.67 million last month and nearly $370 million in June. About $376 million of July’s gross sports gaming […]
Serco wins $323M contract for Space Force base construction
Herndon-based technology and management contractor Serco Inc., a subsidiary of United Kingdom-based Serco PLC, has won a contract worth an estimated $323 million for construction work at the U.S. Space Force’s Pituffik Space Base in Greenland. Under the four-year U.S. Army Corps of Engineers contract, which Serco announced last week, the company will manage facility […]
V2X lands up to $747M Navy contract
V2X has received an up to $747 million U.S. Navy contract to maintain F-5 supersonic fighter jets used in military training exercises, the McLean-based Fortune 1000 aerospace and defense contractor announced Monday. Under the single-award, indefinite-delivery, indefinite-quantity contract, V2X will be responsible for providing critical support and operational readiness of the F-5 aircraft, which t[...]
Norfolk biopharma company appoints CEO, chief R&D officer
Norfolk-based biopharma company ReAlta Life Sciences has appointed David Marek its CEO and Paolo Martini its chief research and development officer, the company announced Thursday. “I am confident that David and Paolo are the ideal leaders for these two pivotal roles,” Edward A. Heidt Jr., chairperson of ReAlta’s board of directors, said in a statement. […]
Alexandria Restaurant Partners promotes CFO
Nazia Millwala has been promoted to chief financial officer for the Alexandria Restaurant Partners, the restaurant operator announced Monday. Millwala joined ARP in January 2022 as the vice president of finance, and she helped restructure ARP’s financial framework. In her new role, she will lead the company’s finances and people management as well as working […]
