Sign In
Free Newsletter
Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal. Buyers in the U.S. have been stocking up on copper ahead of potential tariffs. Future prices for the base metal hit $5.21 per pound […]
Virginia is CNBC’s Top State for Business for record sixth time
Virginia regained its crown as the No. 1 state in CNBC’s annual America’s Top States for Business rankings released Thursday, winning the top spot for a record sixth time. The cable business news network once again praised Virginia for having “the nation’s best education system and policies that give companies room — both literally and […]
Biden executive order on Chinese cranes affects Port of Va.
President Joe Biden issued an executive order Wednesday addressing cybersecurity and espionage concerns over Chinese-made cranes in use at U.S. ports, including the Port of Virginia. Additionally, the Biden administration announced a plan to invest $20 billion on infrastructure security at U.S. ports, including support for domestic manufacturing of ship-to-shore cranes. National security concerns [...]
Central Va. Transportation Authority names first leader
Chet Parsons will serve as the Central Virginia Transportation Authority’s first executive director, the organization announced Thursday. Parsons has served as director of transportation for PlanRVA, also known as the Richmond Regional Planning District Commission, since 2019. CVTA finances transportation projects across the Richmond region. It was established by the General Assembly in 2020[...]
Virginia rises to No. 2 in CNBC’s Top States for Business
Rated America’s best state for education, Virginia climbed to the No. 2 spot in CNBC’s 2023 Top States for Business rankings, with North Carolina taking the top spot for the second year in a row. “Virginia is our most decorated state, a five-time winner,” the cable business news network said Tuesday, “but you’ll pay dearly […]
Maymont issues RFP for $10M infrastructure project
Maymont, a historic public park and estate in Richmond, issued a request for proposals this week for an estimated $10 million infrastructure improvement project for the Maymont Mansion and wildlife habitats. Part of the Maymont 2025 campaign, the project includes replacing the roof of the mansion and modernizing its ventilation, fire suppression and safety. The […]
Everything is not awesome
When Lego Group representatives toured Chesterfield County’s Meadowville Technology Park on a winter day early this year, they didn’t speak. As with most industrial site visits, the county economic development authority staffers conducting the tour didn’t yet know which company they were working with, although they’d answered a site consultant’s request for proposal. [...]
Construction starts on I-495 express lanes extension
Virginia and Transurban North America officials held a groundbreaking Monday for the $660 million extension of the Interstate 495 express lanes in Fairfax County, Gov. Glenn Youngkin announced. The 495 Express Lanes Northern Extension (495 NEXT) project is occurring on a 2.5-mile stretch between the Dulles Corridor and the George Washington Memorial Parkway and will […]
HII division announces new VP of infrastructure and sustainability
Newport News-based Fortune 500 military shipbuilder HII announced Wednesday that Eric Crooker is the new vice president of infrastructure and sustainability at its Pascagoula, Mississippi-based Ingalls Shipbuilding division. In this role, Crooker will focus on compliance and enterprise risk management along with overseeing environmental; health; safety and security; and facilities and maintenanc[...]
Coalfield Expressway could have $12.8B impact, study says
The cumulative economic impact of the Coalfields Expressway (CFX) during a 50-year span is estimated to be $12.8 billion in 2021 dollars, according to a study by Richmond-based Chmura Economics & Analytics presented Tuesday. The CFX is a proposed limited-access highway that would run through Southwest Virginia and southern West Virginia. It is designated as […]
Parsons Corp. names connected communities business unit president
Peter Torrellas became president of Centreville-based defense contractor Parsons Corp.’s connected communities business unit on Monday. Torrellas will be based in Centreville and will serve as a member of the company’s executive leadership team. He will report to Parsons President and CEO Carey Smith. “Peter is a recognized leader in delivering results at the intersection […]
Political Kool-Aid
Depending on who’s in charge in Dee Cee, plans alternate on what is best for the U.S. economy. The choices are seemingly reduced to tax cuts versus government spending, but things are rarely as they seem. More accurately, these choices are two different sides of the same dollar — or trillions of dollars to be […]
