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Recent Articles from Katherine Schulte
Va. new unemployment claims up 35%
Virginia’s new unemployment claims increased by 34.9% last week, the Virginia Employment Commission reported Thursday. For the filing week ending Jan. 8, Virginians filed 2,446 initial claims, an increase of 633 from the week before. Continued claims totaled 7,895, down 3,367 from the previous week. Compared to last year, increased claims were almost 92% lower […]
Recycling joint venture to create 210 jobs in Chesapeake
Two sustainable development companies — New Jersey-based Kamine Development Corp. and Minnesota-based Nicollet Industries LLC — will invest $267 million to establish a joint venture paperboard recycling and production facility in Chesapeake, a project expected to create 210 jobs, Gov. Ralph Northam announced Tuesday. The 335,000-square-foot Celadon Development Corp. facility will be at the Che[...]
NoVa Chamber and U.Va.’s Sorensen Institute partner to promote civics
The Northern Virginia Chamber of Commerce and the Sorensen Institute for Political Leadership at the University of Virginia’s Weldon Cooper Center for Public Service announced Tuesday their Advancing Civics partnership to encourage collaboration among business and government leaders. The Northern Virginia Chamber wants to promote civic-minded leadership, said Clayton Medford, vice president [...]
Fifth District economy has moderate growth, Fed says
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) saw modest growth but was constrained by supply issues and labor shortages, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. The Beige Book is published eight times per year and is based on anecdotal information gathered [&hellip[...]
Ore. vacation rental company buys two Va. Beach businesses
Portland, Oregon-based vacation rental management company Vacasa announced Monday it had acquired two Virginia Beach companies: Sandbridge Realty and Beach Pros Realty. Vacasa did not disclose financial details of the transactions. The acquisitions mark Vacasa’s entry into Virginia. “Virginia Beach is a highly sought-after East Coast vacation spot. …The homes managed by Sandbridge Realty[...]
Calif. aerospace company proposes Accomack County facility
Accomack County is a finalist for a proposed Rocket Lab USA Inc. facility, Gov. Ralph Northam announced Tuesday. If the county is selected, Long Beach, California-based aerospace company Rocket Lab would develop a facility to support part production, assembly, integration and test operations to support the launch of its Neutron launch vehicle from the NASA […]
Youngkin names secretary of health and human resources
Gov.-elect Glenn Youngkin announced Monday former Magellan of Virginia President John Littel as his state secretary of health and human resources. “The COVID-19 pandemic has had devastating impacts on Virginians across the commonwealth, and John will play a pivotal role in overseeing our efforts in protecting Virginians’ lives and livelihoods,” Youngkin said in a statement. [&hel[...]
Octo acquires Herndon-based B3 Group
Reston-based Octo Consulting Group, backed by Arlington Capital Partners, has acquired Herndon-based health IT company B3 Group Inc. Financial terms of the transaction were not disclosed. B3 modernizes applications using low- or no-code software and platforms such as Microsoft Power Platform. The company also provides data governance, integration and analytics as well as cloud engineering [&hellip[...]
Northam calls state of emergency to increase hospital staffing
With an all-time high number of Virginians hospitalized for COVID-19 on Friday, Gov. Ralph Northam issued a 30-day executive order Monday to expand the number of available hospital beds, increase staffing capacity at hospitals and nursing homes, and allow public health agencies greater flexibility. “It is painful to see the number of COVID cases rising,” […]
Va. Beach vacation company acquired by Calif. company
Mill Valley, California-based Vacatia Inc. has acquired Virginia Beach-based hospitality and vacation ownership company VSA Resorts, the timeshare owner and property management services provider announced Jan. 3. Financial details of the transaction were not disclosed. VSA owns three Virginia Beach properties: Ocean Key Resort, Atrium Resort and Ocean Sands Resort. The company also manages wholly-[...]
