Sign In
Free Newsletter
Recent Articles from Sydney Lake
FerraTex to buy Henry County facility for $1.95M
FerraTex Solutions LLC will purchase the former Compton Woods Products facility in Bowles Industrial Park in Henry County for $1.95 millon, Gov. Ralph Northam announced Thursday. FerraTex, which specializes in services and liners for cured-in-place pipes (a method of repairing existing pipelines), will renovate and expand the facility, adding 15 jobs. “As we work to […]
Coffee roasting company to build Suffolk distribution center
Massimo Zanetti Beverage USA Inc. (MZB-USA) announced Thursday it will build a 355,933-square-foot distribution center in Suffolk to support its headquarters and main coffee roasting operations in Portsmouth. The distribution center will be located in the Virginia Port Logistics Park, which is located approximately 30 miles from the Port of Virginia. Construction on the warehouse […]
State General Fund revenues fell 20.6% in May
Due to the economic impacts of COVID-19, state General Fund revenue collections fell 20.6% in May, compared to May 2019, Gov. Ralph Northam announced Thursday. However, he noted in his afternoon news conference, this represents an improvement from last month and from an expected quarterly loss of $1 billion in revenue. In April, the state […]
Hotels saw 68% revenue drop in early June compared to 2019
Although the state has loosened some restrictions since entering Phase Two last Friday, Virginia hotels continued to see revenues drop in the first week in June by 68% compared to the same time a year ago, according to findings released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were […]
Focused Ultrasound Foundation names board members
The Focused Ultrasound Foundation, based in Charlottesville, announced Thursday it has named two Virginia executives to its board of directors: Scott C. Beardsley, University of Virginia Darden School of Business dean, and Mike Lincoln, Cooley LLP global business department chair. Beardsley became the Darden School’s dean in 2015 and is also the Charles C. Abbott […]
Valley Health welcomes new president, CEO
Winchester-based Valley Health welcomed new president and CEO Mark Nantz to the regional health care system on June 1. He succeeds previous president and CEO Mark Merrill, who held the position for 11 years. Nantz most previously was the chief administrative officer and Atlantic group president with Bon Secours Mercy Health. He has also held […]
396K+ Virginians remain unemployed during pandemic
Nearly 400,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims across the commonwealth continues to decrease. The Virginia Employment Commission (VEC) announced Thursday that 822,300 initial unemployment claims have been filed since March 15, with approximately 75% of these claims having been approved and [&hell[...]
The Harvest Foundation invests $1M in Virginia 30 Day Fund
The Harvest Foundation in Martinsville announced Wednesday it has invested $1 million in the Virginia 30 Day Fund to launch a new relief initiative to aid small businesses in Martinsville and Henry County. The Virginia 30 Day Fund’s Pay it Forward MHC Small Business Relief Fund will provide forgivable loans of up to $3,000 to […]
Virginia Chamber releases blueprint for reopening
The Virginia Chamber of Commerce on Wednesday released its “Blueprint for Getting Virginians Back to Work” plan, which provides reopening guidance to businesses and policymakers. “As our government and business leaders consider how to best recover from the COVID-19 pandemic, it is important that they have the guidance to ensure consumer confidence and worker safety,” […]
Axios to cover bail, medical bills for employee protesters
Arlington County-based digital media company Axios distributed a companywide email stating that it would cover bail or medical bills for employees who have participated in recent protests associated with the police killing of George Floyd, The New York Times first reported Tuesday. “First, let me say we proudly support and encourage you to exercise your […]
