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Recent Articles from Robyn Sidersky
Framatome plans $49.4M expansion, creating 515 jobs
Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and developing solutions for advanced and small nuclear reactors. […]
Wizards, Capitals plan move to Alexandria in $2B deal
The Washington Capitals and Washington Wizards are planning a move across the Potomac River to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced early Wednesday. The nonbinding agreement to build a new arena for the Capitals […]
Charlottesville chamber CEO to leave after 7 months
Natalie Masri, president and CEO of the Charlottesville Regional Chamber of Commerce, will leave the organization next month, the chamber announced Monday. Masri started in the role in June. She will depart on Jan. 16, 2024. Rebecca Ivins, chairwoman of the board, will become interim president and CEO. Sasha Tripp, vice chairwoman of the board […]
Torc hires chief information security officer
Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Summer Craze Fowler as chief information security officer, the company announced Tuesday. Fowler joins Torc after serving as senior vice president of cybersecurity and IT at Boston-based driverless vehicle company Motional and leading teams at Johns Hopkins University’s applied physics laboratory [...]
Va.’s maritime industry has $8B economic impact, report says
Virginia’s non-military maritime industry was responsible for one in five jobs in Virginia and more than $8 billion in state and local taxes during fiscal 2022, according to a recent study conducted by William & Mary. The Virginia Maritime Association and the Virginia Port Authority commissioned the study to demonstrate the industry’s economic impact. The […]
Va. Beach Vision exec director to retire
Martha McClees, executive director of business advocacy group Virginia Beach Vision, plans to retire next year after 16 years, the organization’s board announced Tuesday. McClees, who joined VBV in 2008, said in a Nov. 30 letter to the board that she would retire May 31, 2024. The board, led by Virginia Wesleyan University President Scott […]
$729M federal transportation package will finish Long Bridge expansion
The most significant rail choke point on the East Coast will be fixed as part of a $729 million federal funding package for transportation projects in Northern Virginia and Washington, D.C., U.S. Sens. Mark Warner and Tim Kaine and Virginia Gov. Glenn Youngkin announced Thursday at an event in Arlington County also attended by a […]
CFBP fines Atlantic Union Bank for overdraft program
The Consumer Financial Protection Bureau fined Richmond-based Atlantic Union Bank on Thursday for illegally enrolling thousands of customers in checking account overdraft programs, according to a news release. The enrollments took place between 2017 and 2020, according to the bank. The bureau found that Atlantic Union, a subsidiary of Atlantic Union Bankshares, misled consumers who […]
Sentara takes sole ownership of Velocity Urgent Care
Sentara Health is now the sole owner of Velocity Urgent Care, the Norfolk-based health system announced Monday. In 2017, Sentara partnered with Velocity and transferred the operations of seven Sentara Urgent Care facilities to its joint venture with Velocity and a third party. Now Sentara, which declined to name the third party, is taking over […]
Hampton Roads hotel revenues outpace Va., country
Hotel revenues in Hampton Roads outpaced Virginia and the nation through October, according to a report from Old Dominion University’s Dragas Center for Economic Analysis and Policy, citing data from STR, a division of CoStar Group that provides market data on the U.S. hospitality industry. Through October, hotel revenues were 22.8% higher in Hampton Roads, […]
