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October 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 14, 2023, were led by the news that Bon Secours filed suit against Anthem in Henrico County Circuit Court. 1 | Bon Secours sues Anthem for $93 million The health system alleges that insurer Anthem Health Plans of Virginia owes unpaid […]
Casino backers gamble on November revote
On Aug. 31, a new name was unveiled for the proposed $562 million resort casino that Richmond voters will be reconsidering in a November referendum: the Richmond Grand Resort & Casino. But not much else appears new about the project. The Richmond Grand Resort & Casino seems virtually identical to the proposed ONE Casino + […]
Love at first site
Home to eight Fortune 500 companies and three Fortune 1000 companies, metro Richmond is “punching above our weight” for a region of 1.3 million residents, says Jennifer Wakefield, president and CEO of the Greater Richmond Partnership. For the third year in a row, the Richmond region was named by Business Facilities magazine as a top […]
Innovation center could be boost for life sciences
Kipton Currier envisions Virginia joining other mid-Atlantic states to form a super region for the life sciences industry. Before that happens, the state must secure some key ingredients missing from the ecosystem, namely sufficient lab space for biotech startups. Activation Capital, the brand name of the Virginia Biotechnology Research Partnership Authority — which promotes the […]
Richmond lodge appeals court’s casino ruling
A Richmond nonprofit organization is continuing its effort to block the city’s do-over casino referendum — even though the measure is already on ballots and early voting is underway. Richmond Lodge No. 1 of the Good Lions this week filed a notice to appeal an August decision by a Richmond Circuit Court judge who ruled […]
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 […]
