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VCU sets sponsored research funding record
Virginia Commonwealth University set a record for its sponsored research funding — $464.6 million — in fiscal 2023, the Richmond public research university announced Friday. The total is a 14% increase since last year and a 71% increase over five years ago. “I’m proud that research is one of the fastest areas of growth and […]
Estes trucking subsidiary to buy Minn. supply chain co.
Estes Forwarding Worldwide, a wholly owned subsidiary of Richmond-based Estes Express Lines, plans to acquire Superior Brokerage Services, a Minneapolis-based, single-sourced supply chain company specializing in domestic and international transportation, U.S. customs brokerage services and warehousing. Terms of the deal were not disclosed, but EFW CEO Scott Fisher told Virginia Business on Thursda[...]
Three Va. universities land on top patents list
Three Virginia research universities have made the National Academy of Inventors’ new list ranking the nation’s universities that were granted the most patents in 2022. The University of Virginia, Virginia Commonwealth University and George Mason University each made the list released Aug. 30, ranking 43rd, 86th and 91st respectively. U.Va. had 52 patents issued in […]
UR biz school receives $10M donation
The University of Richmond‘s Robins School of Business received an anonymous $10 million gift from an alumnus to establish an endowed scholarship fund, the school reported Thursday. The alumnus studied accounting and finance at UR and stocked groceries to fund his tuition and other expenses, the school said. “Access and affordability are among our highest […]
Dominion announces $14B sale of three natural gas companies
Richmond-based Fortune 500 utility Dominion Energy is selling its three natural gas distribution companies to Canadian pipeline and energy company Enbridge Inc. in a $14 billion deal announced Tuesday afternoon. Enbridge on Tuesday announced that the sale creates the largest natural gas utility franchise in North America. The companies, the East Ohio Gas Co., Public […]
Cushman & Wakefield | Thalhimer hire Richmond VP
Brian Felton has joined Cushman & Wakefield | Thalhimer’s Richmond office as a first vice president focused on industrial sales and leasing, the real estate firm announced Tuesday. Felton was previously a senior leasing manager with San Francisco-based Prologis, where he oversaw a 3.6 million-square-foot portfolio of industrial buildings in Richmond, Norfolk and Fredericksburg. According[...]
Richmond casino reintroduced with new name
The corporate backers of a $562 million Richmond casino on Thursday unveiled a new name for the resort casino city voters will consider approving this fall: Richmond Grand Resort & Casino. But not much else appears to be new about the proposed project. Many of the features of the proposed ONE Casino + Resort that […]
Finance | Insurance 2023: JEFF WRIGHT
Well into his second year as CEO of the German travel insurance and assistance company’s U.S. subsidiary, Wright carries with him a “love for extreme technical financial concepts” that led him to choose a career in the insurance industry. Wright earned his bachelor’s degree from the University of Richmond and his MBA at the University […]
Law 2023: COURTNEY MOATES PAULK
As president of Hirschler and head of the firm’s litigation section, Paulk brings deep and broad experience in the construction industry, advising public and private owners, developers, contractors and subcontractors. Paulk graduated from the University of Mary Washington (then Mary Washington College) with honors and received her law degree magna cum laude from the University […]
Manufacturing 2023: JON MOORE
Head of the tobacco products manufacturer since 2019, Moore has worked under parent company Altria Group since 2003, serving as vice president of its heated tobacco products division and director of marketing for NuMark, Altria’s early e-vapor subsidiary started in 2013. Today, he leads the nation’s leading cigarette producer, established in 1847 in London. Today […]
Transportation 2023: SHEPPARD ‘SHEP’ MILLER III
A Norfolk native, Miller takes pride in the state’s transportation accomplishments, including the start this year of the Interstate 64 Gap Project, which will widen a 29-mile corridor between Richmond and Williamsburg, as well as the August opening of a 10-mile stretch of express lanes in Stafford County and Fredericksburg. As state transportation secretary, Miller […]
Economic Development 2023: ROBERT J. ‘BOB’ STOLLE
Editor’s note: Stolle announced his resignation on Aug. 31, after publication of the Virginia 500. A former state secretary of commerce and trade under Gov. George Allen, Stolle brings years of experience in economic development and public policy to his role leading VIPC. Formerly the Center for Innovative Technology, VIPC is a not-for-profit corporation created […]
