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Recent Articles from Virginia Business
Top Five November 2024
1 | U.S. port strike stops cargo operations at Port of Va. About 45,000 union dockworkers walked off the job at every major port along the East and Gulf coasts until they ended the strike after reaching a tentative deal three days later. (Oct. 1) 2 | Three Va. universities have […]
Top Five October 2024
The top five daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 13 included news that LL Flooring is selling 219 stores and other assets to an entity connected to F9 Group, which is owned by Lumber Liquidators’ founder and former CEO, Tom Sullivan. 1 | Portsmouth business owner pleads guilty to $1.3 […]
October 2024 Out and About
1. Attending this summer’s Olympics games in Paris, (L to R) U.S. Sen. Mark Warner met with NBA basketball star Steph Curry, who won gold with the U.S. men’s national team, and Casey Wasserman, chair of LA28, the organizing committee for the 2028 Summer Olympics in Los Angeles. Photo courtesy Office of U.S. Sen. Mark […]
Startup resources and local economic development offices
Entrepreneurship continues to grow across Hampton Roads, with many organizations dedicated to helping startups and small businesses expand and thrive. Here is a sample of the many resources available: Local startup resources 504 Capital 504capital.com 757 Accelerate 757accelerate.org 757 Angels 757angels.org 757 Startup Studios 757startupstudios.org 757 Makerspace 757makerspace.com Black BRAND bla[...]
An overview of Hampton Roads
Home to 1.79 million people across 17 localities, Hampton Roads is Virginia’s second most populous region, just behind Northern Virginia. It also boasts the commonwealth’s biggest city by population: Virginia Beach, with 457,900 residents. Nearby Norfolk is the densest locality in the region, with 4,467 people per square mile, according to 2020 U.S. Census data. […]
On the ledger
This story has been updated since publication. With its 2023 purchase of Farmers Bankshares for $53 million, Suffolk’s TowneBank secured its leadership of the Hampton Roads banking market with a nearly 28% share. Truist Bank remains in second place at 23.72%, and the rest of the top five banks in the market are Wells Fargo, […]
For The Record October 2024
Central Virginia Fortune 500 company CarMax will be the naming sponsor for the Richmond Flying Squirrels‘ new ballpark starting with the 2026 season, the Double-A Minor League Baseball team announced Sept. 4. The Diamond’s replacement will be known as CarMax Park. Although Squirrels President and Managing Partner Lou DiBella said that the deal with CarMax […]
