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Estes family donates $15M for William & Mary accounting center
Estes Express Lines' owners donate $15M to William & Mary to create the Estes Center for Excellence in Accounting at the Mason School of Business.
Richmond warehouse complex with Amazon fulfillment center sells for $97.5M
Stream Realty Partners acquires Richmond warehouse campus for $97.5M and 135-acre Chesterfield site, signaling growing interest in the region.
19 Virginians are finalists for EY Mid-Atlantic Entrepreneur of the Year
Nineteen Virginia entrepreneurs are finalists for EY’s 2025 Mid-Atlantic Entrepreneur of the Year award, with winners to be announced June 18.
Dominion Energy shakes up senior executive responsibilities
Fortune 500 Utility Dominion Energy announced Wednesday it’s making major changes to the responsibilities for three senior executives, effective June 1.
Henrico-based Elephant Insurance to be sold
The U.K.-based Admiral Group is selling Henrico County-based auto insurer Elephant Insurance to J.C. Flowers & Co., a New York-based private investment firm, according to a Tuesday announcement. The deal is for “an undisclosed cash consideration … representing approximately the net asset value of Elephant,” a news release stated. That value is believed to be […]
State report calls Richmond water crisis ‘completely avoidable’
The January Richmond water crisis that left hundreds of thousands of residents without water for close to a week, forcing restaurants and other businesses to temporarily close or limit service, was “completely avoidable,” a final report from Virginia Department of Health has determined. In his release of the report late Wednesday, Gov. Glenn Youngkin issued […]
CarMax leaves Martin Agency, transfers ad account to L.A. firm
Fortune 500 used car retailer CarMax, headquartered in Goochland County, has chosen a new creative agency of record, leaving Richmond-based marketing and ad firm The Martin Agency, which held the account since 2019. The nation’s largest used car retailer announced Wednesday it has appointed 72andSunny’s Los Angeles office as its creative AOR “following a competitive […]
NFIB hires grassroots manager for five-state region
Small business advocacy organization the National Federation of Independent Business announced Tuesday that it hired Katie Whittington as its grassroots manager for Georgia, North Carolina, South Carolina Virginia and West Virginia. In the role, Whittington will be based in Richmond and work directly with NFIB members across the five-state region to advance small business agendas […]
TowneBank finalizes $120M acquisition of Village Bank
Suffolk-based TowneBank has completed its acquisition of Midlothian’s Village Bank and its parent company Village Bank and Trust Financial, the bank announced Tuesday. When the companies announced the merger in September, they valued the deal at about $120 million. Village Bank shareholders gave “overwhelming support” for the merger at a special meeting held in December […]
Dominion Energy proposes hefty rate hikes
Fortune 500 utility Dominion Energy is proposing a fuel rate increase and additional base rate increases which, if approved, could raise monthly power bills for average residential customers by as much as $21.43 by 2027. The Richmond-based utility proposed new base and fuel rates in separate filings with the Virginia State Corporation Commission on Monday. […]
Hunton Andrews Kurth announces new leaders
A new generation of leadership is emerging at Hunton Andrews Kurth. The law firm on Tuesday announced several leadership appointments, all of which became effective April 1. Hunton has about 850 attorneys firmwide and 18 offices around the globe, with its largest office in Richmond. It is the third largest law firm headquartered in Virginia. […]
Pharma hub workforce training wins $3.9 million grant
The talent pipeline for the Richmond-Petersburg region’s growing advanced pharmaceutical manufacturing and biotech industries is getting a boost from a $3.9 million federal grant. Announced in mid-January, the U.S. Economic Development Administration’s Good Jobs Challenge grant was awarded to the Community College Workforce Alliance in Disputanta, a shared division of Brightpoint and [...]
