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Recent Articles from Katherine Schulte
Smithfield Foods division makes new medical device
Smithfield Foods Inc.’s Cincinnati-based porcine-derived medical products unit, Smithfield BioScience, and Atlanta-based medical device company BioCircuit Technologies announced Wednesday that the two will produce a medical device for nerve repair after traumatic injuries. The device, called Nerve Tape, will allow nerve repair without stitches. It is an implantable device made from pig small int[...]
Coal waste project launches in SW Va.
A public-private project to evaluate the critical minerals in coal waste products in Virginia, West Virginia and Kentucky launched Wednesday with a community meeting in the Virginia Highlands Small Business Incubator in Abingdon. The project, Evolve Central Appalachia (Evolve CAPP), is part of an almost $1.5 million grant from the U.S. Energy Department to the […]
Penn. logistics firm building cross-dock centers in Va.
Pennsylvania-based warehousing and logistics company A. Duie Pyle Inc. will invest about $20 million to establish three cross-dock service centers in Manassas, Richmond and Roanoke, an expansion expected to create 75 jobs, Pyle and Gov. Glenn Youngkin announced Tuesday. It’s the company’s first entry into Virginia. “Global supply chains are experiencing unprecedented pressure and we [...]
Construction starts on I-495 express lanes extension
Virginia and Transurban North America officials held a groundbreaking Monday for the $660 million extension of the Interstate 495 express lanes in Fairfax County, Gov. Glenn Youngkin announced. The 495 Express Lanes Northern Extension (495 NEXT) project is occurring on a 2.5-mile stretch between the Dulles Corridor and the George Washington Memorial Parkway and will […]
Thermo Fisher Scientific to add 500 jobs in RVA region
Massachusetts-based scientific equipment and software supply company Thermo Fisher Scientific Inc. will invest $97 million to expand its laboratory operations into three new locations in the Greater Richmond area, a project expected to create more than 500 jobs, Gov. Glenn Youngkin announced Monday. “Thermo Fisher’s expanding footprint and creation of more than 500 new jobs […]
VCU Health makes interim CFO permanent
Virginia Commonwealth University Health System named James Siegel, who has served as the interim chief financial officer since June 2021, its permanent CFO on Thursday. “James has done an exemplary job leading us through financially challenging times, while positioning the system for financial success in the future,” Dr. Art Kellermann, CEO of VCU Health System […]
Newsweek ranks U.Va. Medical Center top Va. hospital
Newsweek ranked Charlottesville’s University of Virginia Medical Center as the No. 1 hospital in Virginia in its World’s Best Hospitals 2022 guide, which was released March 2. “Our team members have faced incredible challenges over the past two years during the COVID-19 pandemic, but they have persevered to provide excellent care for all of our […]
Leidos wins $545M biomedical research contract
Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a potential $545 million contract to support biomedical research for the National Institute of Allergy and Infectious Diseases (NIAID), the company announced Wednesday. Under the seven-year, indefinite delivery, indefinite quantity contract, Leidos will provide services including chemistry manufacturing and control, non-clinic[...]
HCA hires Chippenham Hospital chief nursing officer
M. Lea Lee will become chief nursing officer of Chippenham Hospital on April 4, HCA Virginia announced Tuesday. Lee currently serves as the chief nursing officer for LewisGale Medical Center in Salem and will be returning to Richmond. She has previously worked with HCA Healthcare. In 2007, she was Chippenham Hospital’s nursing director before she […]
Hyundai dealership to open in Roanoke County
A Hyundai sales and service facility is coming to Roanoke County, car dealership group Southern Team Automotive Group announced Tuesday. The 30,000-square-foot facility will be located at 7300 Williamson Road in the Hollins area in northern Roanoke County. The two-story showroom and facility will have DC fast-charging stations for electric vehicles. Construction is set to […]
Va. companies aid Ukraine, pull business from Russia
McLean-based Mars Inc. and other companies with major Virginia presences are responding to the war between Russia and Ukraine, chiefly by helping employees who live in the Eastern European nation and sending other humanitarian aid to Ukraine, as well as suspending business dealings in Russia, a measure taken by many U.S. companies in recent days. […]
Google to buy Reston cybersecurity firm for $5.4B
Reston-based cybersecurity firm Mandiant Inc. has entered into an agreement to be acquired by Google LLC in an all-cash transaction valued at $5.4 billion, Mandiant and Google announced Tuesday. Google will pay $23 per share for Mandiant, and when the deal closes, Mandiant will join Google Cloud. The deal is expected to close later this […]
Danville Pittsylvania Chamber names next CEO
A familiar face will take the helm of the Danville Pittsylvania Chamber of Commerce in April. Anne Moore-Sparks will serve as the chamber’s next president and CEO, the chamber announced Monday. “Anne is well known in the community and will bring her connections and strong interpersonal skills to the Chamber,” John Settle, chair of the […]
ValleyStar Credit Union names 3 new execs
Martinsville-based ValleyStar Credit Union has named three new executives to its leadership team. Justin Barnes will be the credit union’s chief lending officer, Mendy Shaffer will be interim chief financial officer, and Robert Sparrow will be chief risk officer. Barnes began his financial services career in 1999 and has spent 23 years in lending, according […]
Thomas O. Ryder joins Focused Ultrasound Foundation board
Thomas O. Ryder, former CEO and chairman of White Plains, New York-based Reader’s Digest Association Inc., has been elected to the board of the Charlottesville-based Focused Ultrasound Foundation. Ryder has served on Amazon.com Inc.’s board for two decades. He worked for Time Inc., CBS and Education Today Co. Inc., where he was a co-founder and […]
Williamsburg hotel sells for $4.47M
A former Park Inn by Radisson hotel in Williamsburg has been sold for $4.47 million, Cushman & Wakefield | Thalhimer announced Thursday. The 122-room hotel, located at 2007 Richmond Road, was purchased by The Tapestry Group Inc. in partnership with SBG Richmond Road LLC from SHNI Corp. as an IRS Section 170 bargain sale transaction. […]
SCHEV funds internship programs at 3 Va. colleges
The State Council of Higher Education for Virginia (SCHEV) this week awarded $535,000 in funding to the University of Virginia, Old Dominion University and Marymount University for the Innovative Internship Fund and Program, also known as the Virginia Talent+ Opportunity Partnership. U.Va. and ODU will each receive $250,000 to connect employers with students and increase […]
Sign manufacturer to open facility in Bluefield
Chicago-based custom sign manufacturer Signco Inc. will invest $650,000 to take over the former MC Signs facility at 334 Industrial Park Road in Bluefield, Gov. Glenn Youngkin announced Friday. Signco, which is owned by Anthony Morrone and Vince Sclafani, expects to hire 19 workers at the facility. “Signco’s technology and custom product specifications are advancing […]
Arcfield hires pair for leadership roles
Chantilly-based defense contractor Arcfield has hired Robert Gallegos as chief operating officer and Chris McCall as chief administration officer. Both will report to Arcfield CEO and Chairman Kevin Kelly, who was named CEO and chairman in December 2021. Formerly called CTFV Acquisition Corp., Arcfield is a portfolio company of The Veritas Capital Vantage Fund LP. […]
Amazon to partner with 5 Va. schools for employee education
Amazon.com Inc. will partner with more than 140 colleges and universities, including five in Virginia, to provide fully-funded college tuition for its hourly employees, the company announced Thursday. In the Richmond area, Amazon employees will have access to degrees at Virginia Commonwealth University, Reynolds Community College and John Tyler Community College. In Northern Virginia, they [&helli[...]
