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Recent Articles from Katherine Schulte
Va. CEOs say labor shortages, inflation hurting business
Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third quarter CEO Economic Outlook Survey by the University of Richmond‘s Robins School of Business and the Virginia Council of CEOs (VACEOs). More than 80% of […]
JMU fundraising campaign brings in $251M
James Madison University’s second comprehensive fundraising campaign, Unleashed, raised more than $251 million, the Harrisonburg university announced Friday. The eight-year fundraising campaign, which exceeded its $200 million goal in March 2021, ended June 30. It began with an advanced gift phase in July 2014 before JMU announced it publicly in October 2018. Unleashed attracted 63,976 [&hel[...]
Fifth District economy little changed since August, Fed says
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been largely unchanged since August, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic […[...]
Chippenham Hospital names new COO
Drew Walker will be the new chief operating officer at Richmond‘s Chippenham Hospital beginning Oct. 24, HCA Virginia announced this week. Walker is currently the vice president of operations for HCA’s Richmond-based Parham Doctors’ Hospital, where he has overseen capital projects and strategic growth initiatives around orthopedics, spine and bariatric surgery. He also launched t[...]
Dominion proposes new solar, storage projects
Dominion Energy Virginia has proposed 23 new solar and energy storage projects that could power more than 200,000 Virginia homes at peak output. The utility provider proposed the projects in its third annual clean energy filing with the Virginia State Corporation Commission on Friday. If approved, they will provide more than 800 megawatts of carbon-free […]
TowneBank names president, regional banking director
TowneBank has promoted Brian Skinner to the newly created role of president and regional banking director for all of its markets in Virginia and northeastern North Carolina, the Suffolk-based bank announced this week. “Brian is a dedicated member of the Towne family with a proven track record of leading both emerging and seasoned financial professionals […]
HCA Capital Division names regional cancer VP
Angela Fletcher is the new regional vice president of cancer programs for HCA Healthcare Capital Division and HCA’s Sarah Cannon Cancer Institute, the health system announced last week. Fletcher oversees cancer programs in 18 hospitals across Virginia, New Hampshire, Indiana and Kentucky. She is based in Richmond and began her new role on Sept. 25. […]
Bowman gives $5M to Va. Tech for land development program
Reston-based Bowman Consulting Group Ltd. founder and CEO Gary Bowman committed $5 million to Virginia Tech’s College of Engineering for the expansion of sustainable land development learning initiatives, the university announced Monday. “The Bowman gift solidifies Virginia Tech as the premier undergraduate and graduate programs in the field of sustainable land development,” Mark Widdows[...]
Reading the room
In 2017, David Kern, a retired Naval submarine officer turned entrepreneur, had a lightbulb moment. While working on a data analytics project at a desk in the Naval Station Norfolk annex, he realized that his company, Virginia Beach–based Kern Technology Group LLC, needed to shift from focusing on product development to becoming a service contractor. […]
COVID challenges continue for Va. restaurants
Liz Kincaid faced a major problem in August after the walk-in refrigerator in one of her Richmond restaurants — Max’s on Broad — broke. Her usual supplier told her the wait for the replacement part would take two months. “I have raw oysters and produce and fish and chicken,” recalled Kincaid. “I’m like, ‘What am […]
