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Recent Articles from Sydney Lake
Virginia Tech develops in-house COVID-19 testing
Virginia Tech researchers announced Wednesday they have developed in-house COVID-19 testing kits and lab processing services to assist Southwest Virginia health departments with patient testing. Test results can be returned to the health departments as soon as same day. The initiative is being led by Dr. Michael Friedlander, Tech’s vice president of health sciences and technology […]
Charlottesville Chamber launches local economic recovery initiative
The Charlottesville Regional Chamber of Commerce on Tuesday announced the launch of Project Rebound, a local economic recovery initiative to address the COVID-19 economic crisis. The project, hosted by The Chamber and economic offices at the University of Virginia, Albemarle County and the city of Charlottesville, aims to bring together local businesses to discuss challenges […]
Offshore wind components headed from Europe
Richmond-based Dominion Energy Inc. and Denmark-based Ørsted A/S announced Tuesday that major components of its $300 million Coastal Virginia Offshore Wind (CVOW) pilot project are being shipped to North America — which is on-schedule, despite the pandemic. Major components for the two, massive 6-megawatt Siemens Gamesa offshore wind turbines from Denmark and Germany are en […]
The Hilb Group acquires book of business from payroll services company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of a book of business from Cleveland-based payroll services company CBIZ Inc. The transaction was effective April 1. THG also hired CBIZ’s business unit president Peter Tarmey as a producer at THG. Tarmey is currently based in Cranston, Rhode Island, and will […]
Facebook opens applications for Va. small business grants Wednesday
Facebook Inc. announced Tuesday that it will begin taking applications for its small business grant program in Virginia on Wednesday, April 22. The social media giant opened the program to more than 30,000 businesses in more than 30 countries, including the United States, totaling $100 million. Thirty-one businesses in the Richmond region will receive a […]
Colonial Williamsburg extends closures through May, plans additional furloughs
Colonial Williamsburg Foundation is extending its closures through May 31 and is furloughing additional staff. The nonprofit, which owns and operates the Historic Area, museums, hotels, restaurants and other attractions, had originally announced closures would last through April 30. The Williamsburg Lodge, which has remained open to assist the city and public health officials with […]
SBA Paycheck Protection Program loaned nearly $9B to Va. businesses
Before the Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund ran out Thursday morning, Virginia banks processed more than 40,000 applications totaling nearly $9 billion, the Virginia Bankers Association announced Friday evening. Small businesses that received the forgivable loans are allowed to use the funds to meet payroll costs and pay […[...]
Va. Tech gears up to produce PPE for Carilion
Although the Roanoke and New River Valley health districts are seeing fewer confirmed COVID-19 cases than health districts in Northern, Eastern and Central Virginia, the Roanoke-based Carilion Clinic health care system has asked Virginia Tech to help it stockpile personal protective equipment (PPE) in the event of a surge in cases. Seventy-five Tech faculty, students […]
Survey shows 24M jobs lost since labor market stats last released
Approximately 24 million jobs have been lost since the last United States Department of Labor market statistics were released in mid-March, according to a survey conducted by economists at Virginia Commonwealth University and Arizona State University. “[This is] an unheard of loss in any economic downturn since the Great Depression,” said Adam Blandin, a VCU […]
Va. Beach commercial real estate development company names president
Virginia Beach-based The Runnymede Corp. announced Friday it has named Matthew Fine as president of the family-owned commercial real estate development company. Fine has been on the company’s board of directors for 30 years and managed a Hampton Roads portfolio for 20 years. He is also a founding director of Townebank Norfolk and is on […]
