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Recent Articles from Virginia Business
For The Record June 2023
CENTRAL VIRGINIA Henrico County-based Fortune 500 tobacco manufacturer Altria Group Inc. settled at least 6,000 state and federal lawsuits related to its stake in Juul Labs Inc. for $235 million in May. The settlements will be paid in the second quarter of 2023. Altria purchased a 35% stake in e-cigarette company Juul for $12.8 billion […]
Ecosystem insights
Leaders from across Virginia’s entrepreneurial ecosystem discuss investing in new companies, challenges facing startups and advice for success. KAREN BOOTH ADAMS CEO, Hot Technology Holdings LLC Richmond What do you look for when you’re investing in a startup? The most important thing I look for when investing in a startup is the tenacity, drive, intelligence […]
June 2023: Heard around Virginia
Agricultural biotech startup AgroSpheres will invest $25 million to expand in Albemarle County, creating an estimated 50 jobs, Gov. Glenn Youngkin announced May 4. The company, founded in 2016 by Payam Pourtaheri and Ameer Shakeel when they were undergraduates at the University of Virginia, will increase production at its facility at 1180 Seminole Trail and […]
Virginia 500 Spotlight: JENNIFER CHRONIS
FIRST JOB: Retail salesperson at The Fashion Factory in Burke HOBBY: Exercise in any form —walking, hiking, biking, swimming PERSON I ADMIRE: Abraham Lincoln, for leading our country through one of its darkest times, ending the Civil War and signing the Emancipation Proclamation WHAT I’VE LEARNED: Stay calm and keep everything in perspective. WHAT MAKES […]
Port of Virginia
The Port of Virginia again set a cargo record in fiscal year 2022, handling 3.7 million TEUs (20-foot equivalent units) and surpassing its 2021 record by 14.7%. The six-terminal port, which includes facilities in Hampton Roads, Richmond and Front Royal, also continued with its project to widen and deepen its channels to at least 55 […]
Out & About May 2023
1. David Evans and his daughter, Averett University freshman Isobel Evans, reunited on the airstrip at Averett’s George J. Falk Flight Center at Danville Regional Airport on March 17 during the Averett Department of Aeronautics’ annual Aviation Day. Photo courtesy Averett. 2. Virginia first lady Suzanne Youngkin and Lt. Gov. Winsome Earle-Sears presented a lapel […]
May 2023 For the Record
Central Virginia More than 340 union workers went on strike at the AdvanSix Inc. chemical plant in Hopewell on April 6 over contract wage negotiations. The International Chemical Workers Union Council and the United Food and Commercial Workers Union accused the New Jersey-based chemical company of trying to divide union membership by offering pay raises […]
