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Home>Rich Griset

Rich Griset

Recent Articles from Rich Griset

Gov. Ralph Northam has committed an additional $20 million to an economic recovery fund.
News December 29, 2020

Northam commits additional $20M to economic recovery fund

Gov. Ralph Northam has allocated an additional $20 million in federal CARES Act funding to assist more than 300 small businesses and nonprofits through the Rebuild VA economic recovery fund. The new funding will meet demand for the Rebuild VA program and fulfill pending grant applications for small businesses and nonprofits that applied before the […]

Casino timeline graphic courtesy of the Office of Mayor Levar M. Stoney.
News December 28, 2020

Richmond city government solicits proposals for resort casino

Richmond has issued a request for qualifications/proposals, the first step in launching a competitive process for bringing a resort casino to the state capital, subject to voter approval. Earlier this year, Gov. Ralph Northam signed legislation allowing five economically challenged cities — including Richmond — to open casinos. Voters in Bristol, Danville, Norfolk and Portsmouth […]

Pure Shenandoah will become the first participant in the Virginia’s Finest trademark program to source the hemp used in its products.
News December 28, 2020

Industrial hemp company to locate in Rockingham

Using the trade name Pure Shenandoah, Elkton-based Shenandoah Valley Hemp LLC will invest nearly $3.3 million to establish an industrial hemp fiber processing and cannabidiol (CBD) oil extraction facility in Rockingham County, creating 24 jobs. The company has committed to purchasing 100% of its industrial hemp from Virginia growers, resulting in nearly $5 million in […]

News December 28, 2020

Arlington-based Magellan Federal gets $111M for DOD personnel assistance services

Arlington-based Magellan Federal, a subsidiary of Phoenix-based Magellan Health Inc., has secured a potential five-year, $111 million contract from Washington Headquarters Services to help Department of Defense employees maintain work-life balance. According to the DOD, Magellan will help the Defense Civilian Personnel Advisory Service manage an employee assistance program under the indefinite-del[...]

Hilton Richmond Hotel and Spa in Short Pump. Photo courtesy Shamin Hotels
News December 23, 2020

Short Pump Hilton faces receivership, foreclosure

The Hilton Richmond Hotel and Spa in Short Pump, the flagship of Chester-based Shamin Hotels’ empire, may change hands as a result of the COVID-19 pandemic. According to a complaint filed in Henrico County Circuit Court on Dec. 2, 12042 West Broad Street Holdings LLC, the Bethesda, Maryland-based noteholder on the property, alleges a breach […]

A rendering of Dominion’s Charybdis vessel, currently under construction. Image courtesy of Dominion.
News December 16, 2020

Dominion announces construction has begun on offshore wind vessel

Dominion Energy Inc. announced Wednesday that construction has begun on the utility’s new vessel that will ferry the workers and huge components needed for its planned buildout of the largest offshore wind farm in the country off the coast of Virginia Beach. Named Charybdis after the sea monster from Greek mythology, Dominion’s U.S.-flagged ship will […]

News December 14, 2020

Kitty Hawk offshore wind project to create 600 jobs in Hampton Roads area

Avangrid Renewables, a subsidiary of Connecticut-based Avangrid Inc., submitted construction and operations plans on Dec. 11 for the first phase of its Kitty Hawk Offshore Wind project, a development it says will generate $2 billion in economic impact between 2021 and 2030 and create nearly 800 jobs in Virginia and North Carolina. Located 27 miles […]

Photo courtesy the Virginia Department of Health
News December 11, 2020

Virginia leads nation in COVID-19 app use

Amid grim headlines related to the coronavirus, Virginia has one piece of bright news — the commonwealth leads the nation in the percentage of citizens who have downloaded a COVID-19 app to alert users about possible instances of exposure to the coronavirus. According to a Dec. 7 report from The New York Times, a higher […]

John Mengucci, president and CEO of CACI, said its work is vital to countering violent extremism in Southwest Asia and the Middle East.
News December 11, 2020

CACI receives $160M Air Force network operations support task order

Arlington-based federal technology contractor CACI International has secured a potential $160 million task order to provide information technology support for U.S. Air Forces Central Command’s Network Operations and Security Center (AFCENT NOSC). On Thursday, CACI said it will offer networking, cyber, help desk and technical support to multiple AFCENT NOSC sites for four-and-a-half years thr[...]

News December 11, 2020

Northrop Grumman books $73M Air Force contract to update missile tech

Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has received a $73.2 million delivery order from the U.S. Air Force to incorporate new capabilities into a remote visual assessment tool in support of the Minuteman III missile’s production and deployment. The company will modify the Remote Visual Assessment II program to enable […]

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Top Stories

Newport News Shipbuilding hits milestone with dual Ford-class carrier builds

Newport News Shipbuilding to furlough 471 workers

Newport News Shipbuilding on Friday announced that it will furlough 471 shipbuilders for up to five [...]

Nightingale Ice Cream Sandwiches co-founder, CEO and President Hannah Pollack

Nightingale ice cream expansion to add 166 jobs

Nightingale Ice Cream Sandwiches is investing $5.8 million to move to a new facility in Richmond and[...]

A photo of a Leidos sign and a glass covered building.

Leidos acquires Chantilly AI tech biz for $300M

Reston-based federal contractor Leidos announced Wednesday it has acquired Kudu Dynamics, a business[...]

The former Best Products property in Henrico County. Photo courtesy Henrico County

Henrico issues new RFI for arena project

Following the collapse of the $2.3 billion GreenCity project in March, Henrico County on Tuesday rel[...]

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Booz Allen CEO says 7% of employees to be laid off

McLean-based Fortune 500 management consulting business Booz Allen Hamilton will lay off 7% of its 3[...]

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House GOP passes Trump tax bill despite deficit fears

House Republicans push through Trump’s tax bill after all-night session, despite CBO warning it co[...]

People

Rajeev Rai. Photo courtesy Groundworks

Virginia Beach-based Groundworks hires CTO

30/5/2025

BWX Technologies has appointed Gonzalo Cajade as its new chief human resources officer. Photo courtesy BWX Technologies

Lynchburg-based BWXT taps new CHRO

29/5/2025

The Charlottesville Regional Chamber of Commerce has promoted Andrea Copeland to president and permanent CEO. Photo courtesy Charlottesville Regional Chamber of Commerce

Charlottesville Chamber announces new president and CEO

28/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia and the nation

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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