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Youngkin peppers university boards with GOP power players
With Gov. Glenn Youngkin‘s appointees slated to hold majorities on the state’s university boards beginning July 1, the governor announced dozens of last-minute university board appointments Friday afternoon, shortly before the members’ four-year terms take effect Monday. Although many of the new appointees are the usual mix of Virginia business leaders and former state legislato[...]
LYN McDERMID
Lyn McDermid briefly debated whether she wanted to go back to work when the opportunity arose to join Gov. Glenn Youngkin‘s administration. She had already retired twice from chief information officer jobs, first at Dominion Resources (now Dominion Energy) and later for the Federal Reserve. But the chance to serve as secretary of administration to […]
Condair invests $57.2M on new Chesterfield County plant
Switzerland-based Condair Group, a manufacturer of commercial and industrial humidification systems, will invest $57.2 million to establish a new production facility in Chesterfield County that is expected to create 180 jobs, Gov. Glenn Youngkin announced Tuesday. The company will convert a pre-existing warehouse facility on 1410 Willis Road into a manufacturing facility, according to Horace [&h[...]
VIPC launches $100M fund partnership for Va. startups
The Virginia Innovation Partnership Corp. is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based startups. Through the partnership, announced Monday by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from the U.S. Treasury Department’s State Small Business […]
U.Va. opens School of Data Science building
Billed as a “school without walls,” the University of Virginia’s School of Data Science officially inaugurated its first dedicated academic building Friday, five years after the school started. “I was a little surprised and somewhat disappointed, if I’m being honest, when I came here yesterday for a tour and I realized [school without walls] was […]
Google investing $1B in Va. data center campuses
Google is investing $1 billion in expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI Opportunity Fund, one of Google’s top executives and Gov. Glenn Youngkin announced Friday at Google’s Reston office. “Today is a great day. We’ve got a $1 billion investment in the commonwealth that we’re […]
Metro passes $4.8B budget for FY25
Metro’s board of directors on Thursday passed a $4.8 billion capital and operations budget for fiscal year 2025, which avoids massive service cuts, although fares will increase by 12.5% beginning July 1. The Washington Metropolitan Area Transit Authority, which oversees the Metrorail and Metrobus public transportation systems, had warned of “catastrophic” cuts to service because [...]
VIPC taps Benevento as permanent president and CEO
Joe Benevento will remain as the Virginia Innovation Partnership Corp.’s president and CEO permanently after serving in the role on an interim basis since September 2023, VIPC announced Wednesday. Benevento took over as interim CEO when Bob Stolle announced he was stepping down. A not-for-profit corporation created in 1985 by the General Assembly as an […]
Youngkin to embark on Northern Europe trade mission
Gov. Glenn Youngkin will leave on his third international trade mission next week, visiting Germany, Denmark, Finland and Switzerland, his office announced Wednesday. According to the news release, he will meet with Finnish President Alexander Stubb, along with officials in Frankfurt, Stuttgart and Munich, Germany; Copenhagen, Denmark; Helsinki; and Zurich, from April 28 through May […]
Virginia ABC board vice chair named CEO
Former beverage industry executive Dale Farino has been appointed the Virginia Alcoholic Beverage Control Authority’s next CEO, effective April 29, Gov. Glenn Youngkin announced Tuesday. Farino served as vice chair of the ABC Board of Directors, and upon his resignation from the board, his seat will be filled by L. Mark Stepanian, former owner and […]
L3Harris announces $41.2M Orange County expansion
Florida-based aerospace and defense contractor L3Harris Technologies announced on Thursday a $41.2 million expansion and modernization of its Aerojet Rocketdyne facility in Orange County, with plans to add 80 employees. Over the next three years, L3Harris also plans to construct new facilities and buy new equipment for the facility, according to a statement from the […]
Petersburg casino competitors roll out details
More details have rolled in about the five Petersburg casino contenders, all of whom presented their plans during a town hall Sunday at the Petersburg Public Library. Hosted by state Sen. Lashresce Aird, D-Petersburg, the town hall saw officials representing Bally’s, Cordish Cos., Penn Entertainment, Rush Street Gaming and The Warrenton Group reveal more details […]
