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Finance | Insurance 2023: FRANK ROTMAN
Rotman started fintech venture capital firm QED Investors with Capital One co-founder Nigel Morris in 2007. With $4.3 billion under management, QED has invested in more than 200 companies, including Credit Karma, Klarna and SoFi Technologies. As a student at the University of Virginia, Rotman worked as a research assistant at NASA’s Jet Propulsion Laboratory, […]
8 Va. companies make 2023 Fortune Global 500
Eight Virginia-based companies made Fortune magazine’s 34th Global 500 list, released Tuesday, notably including the newly renamed RTX and Boeing Co. as Virginia’s second and third highest-ranking companies, both of which are also newcomers to the state, having moved their headquarters to Arlington County last year. Freddie Mac remained Virginia’s top-ranked company, at No. 133,[...]
Building blocks
If you ask economic development officials in Central Virginia about 2022, they might respond with a familiar slogan: “Everything is awesome.” With almost 5,000 announced jobs and $1.6 billion in capital investment, the Richmond region had one of its best years in the last two decades. By October 2022, the region recovered 100% of jobs […]
Exceeding expectations
In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s president and CEO, as the region landed two “megaprojects” — […]
Hardywood taps new president, CFO and brewmaster
Hardywood Park Craft Brewery, the state’s largest craft beer brewer, announced Thursday it has promoted Kate Lee as president. She previously served as vice president of operations and quality, and joined the Richmond-based brewery in 2014. Also promoted: Brian Nelson, vice president of production and head brewer, is now Hardywood’s brewmaster, and Doug Sulanke, formerly […]
Performance Food Group promotes three executives
Goochland County-based Fortune 500 food products distributor Performance Food Group Co. promoted three senior leaders to executive vice presidents on Wednesday. Chief Information Officer Don Bulmer, Chief Human Resources Officer Erika Davis and General Counsel and Secretary Brent King became executive vice presidents of Performance Food Group. All three continue to report to the company’s [&[...]
West Creek Medical Park land sells for $3.7M
Emerson Ventures LLC has purchased 7.68 acres of land within the West Creek Medical Park in Goochland County and plans to develop a medical office building. Lingerfelt Commonwealth Partners sold the land, located at 1612 Wilkes Ridge Parkway, for $3.7 million, according to Cushman & Wakefield | Thalhimer, which announced the deal May 17. David […]
Luck Stone acquires N.C. company, 2 quarries
Goochland County-based crushed stone producer Luck Stone acquired North Carolina-based Ararat Rock Products Co. and its quarries in Mount Airy and Eden, the company announced Thursday. Financial details of the transaction were not disclosed. The acquisition expands Luck Stone’s presence in North Carolina beyond its quarry operation in Pittsboro. On Oct. 1, ownership transferred to […]
CarMax to acquire remaining stake in Edmunds
Goochland County-based used car giant CarMax Inc. announced Thursday that it had signed an agreement for full ownership of vehicle research website Edmunds.com Inc. in a cash and stock deal. In January 2020, CarMax invested $50 million to acquire a minority stake in Santa Monica, California-based Edmunds. CarMax, a Fortune 500 company, will acquire the […]
Capital Region Small Business Development Center opens in Richmond area
Now part of the state’s Small Business Development Center (SBDC) network, the Capital Region SBDC opened this month to assist Richmond-area small business owners, Virginia Community Capital announced Monday. Funded by the U.S. Small Business Administration with $192,000 in CARES Act money, plus matching grant funds from regional sources, the center will provide COVID-19 assistance, […[...]
Central Va. sales, use tax rate to increase Oct. 1
Starting Oct. 1, the sales and use tax rate in Central Virginia will go up by 0.7% to a total of 6%, Virginia Tax announced Tuesday. The change approved by the 2020 Virginia General Assembly affects the 4.3% state tax, the 0.7% regional state tax and the 1% local option tax. Affected localities include Richmond […]
$17M greenhouse coming to Goochland County
Gov. Ralph Northam announced Tuesday that Greenswell Growers Inc. will invest more than $17 million to build a commercial hydroponic greenhouse in Goochland County, creating 27 jobs. “Greenswell Growers’ decision to establish a new greenhouse operation in Goochland County is a great win for the region and the commonwealth,” Secretary of Commerce and Trade Brian […]
