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Va. jobless claims fall to lowest level since March
The number of initial jobless claims filed last week fell to its lowest level since the pandemic’s employment effects began to be felt in mid-March, the Virginia Employment Commission reported Thursday. Initial jobless claims in Virginia dropped by 29.7% last week compared with the previous filing week, according to the VEC, while continued claims fell […]
These 16 Va. companies received $10M PPP loans
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of[...]
TCC names vice president of institutional advancement
Tidewater Community College in Norfolk has named Stan Turbeville as its vice president of institutional advancement. Turbeville brings 25 years of leadership experience to the post, including serving as vice president for college advancement for James Sprunt Community College in Kenansville, North Carolina, and working as director of marketing and public information for Guilford Technical [&hellip[...]
BAE Systems lands $237.7M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential $237.7 million contract to drydock and perform maintenance and modernization work on the USS Wasp assault ship, the company announced Tuesday. Under the contract, BAE Systems will begin working on the 843-foot-long USS Wasp […]
Norfolk startup initiative launches
The Norfolk Innovation Corridor (NIC), an initiative to attract and retain startups in the region, launched on Thursday, Old Dominion University announced. Qualifying startups and company expansions can receive tax incentives (abatement of Business, Professional and Occupational License taxes at 100% for two years and 50% for three years) through the NIC, in collaboration with […]
Construction begins on $20M Norfolk apartment complex
Construction began late last week on a $20 million apartment complex at the site of the former American Cigar Co. in Norfolk, according to S.L. Nusbaum Realty Co. The 118-unit complex (including one-, two- and three-bedroom floor plans) will be located at 1140 and 1148 E. Princess Anne Road in Norfolk’s Bruce’s Park neighborhood. The […]
BAE Systems wins potential $100M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential one-year, $100.5 million contract to perform work on the USS Stout ship, the U.S. Department of Defense announced Tuesday. Under the contract, BAE Systems Norfolk Ship Repair will perform ship maintenance, repair and modernization […]
Hampton Roads Navy installations under increased COVID-19 restrictions
U.S. Navy personnel in Hampton Roads were ordered Tuesday to restrict their travel to work, home and essential stops, and avoid gathering in groups of more than 10 people. Rear Adm. Charles W. Rock, commander of the Navy’s mid-Atlantic region, issued the order after an increase in COVID-19 cases. The following restrictions — labeled “Health […]
Chesapeake office building sells for $4.25M
An office building in Chesapeake has sold for $4.25 million, Colliers International announced Monday. Located at 661 Independence Parkway, the 50,000-square-foot Class A office building sits on more than 11 acres in the Battlefield Commerce Park area. Matsushita Real Estate Corp. of America sold the property to Hooked Group LLC, which plans to occupy part […]
ODU, EVMS, Sentara name partnership executive director
Old Dominion University, Eastern Virginia Medical School (EVMS) and Norfolk-based Sentara Healthcare announced Tuesday that Kevin Leslie has been named executive director of its new partnership, the Hampton Roads Biomedical Research Consortium (HRBRC). The HRBRC was recently approved by Gov. Ralph Northam and the General Assembly with a goal of strengthening relationships among the three […[...]
Initial jobless claims fell again last week
The number of initial jobless claims in Virginia dropped by 4.3% last week compared to the previous filing week, the Virginia Employment Commission reported Thursday, while continued claims fell by 7.8%. For the week ending Nov. 7, 9,909 Virginians filed initial claims for unemployment, a decrease of 441 from the previous week. Last week, 91,960 […]
S.L. Nusbaum exec named president of SIOR Va. Chapter
Norfolk-based S.L. Nusbaum Realty Co. announced Wednesday that Austin Newman, vice president and director of office brokerage, has been named president of the Virginia chapter of the Society of Industrial and Office Realtors (SIOR). With more than 3,400 members in 686 cities and 38 countries, SIOR is a global professional office and industrial real estate […]
