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Richmond’s Universal Corp. to acquire Pennsylvania flavoring company
Richmond-based agriculture products supplier Universal Corp. has entered into an agreement to acquire specialty ingredient, flavoring and food company Shank’s Extracts Inc., it announced Tuesday. Founded in 1899, Shank’s is a privately-held company specializing in vanilla extract products. The company, which has more than 200 workers, manufactures more than 2,400 extracts, distillates,[...]
Richmond’s Style Weekly shuts down after nearly 39 years
After close to 39 years, the Richmond-based alternative weekly newspaper Style Weekly will shut down this week, Editor-in-Chief Brent Baldwin posted on Style’s Facebook page Tuesday. The publication’s closing came three years after Norfolk-based Landmark Communications Inc. sold its Virginia newspapers — The Virginian-Pilot, Inside Business and Style Weekly — and their associated b[...]
Caravati’s building in Richmond sells for $2.03M
The former Caravati’s Inc. building in Richmond sold for $2.03 million, Colliers International in Virginia announced Sept. 2. Located at 104 E. Second St. in the Manchester area, the two-story building has 38,000 square feet. The buyer, 104 E. Second St. LLC, plans to develop the building into 42 apartment units. Construction is expected to […]
VPM hires news director
VPM, Central Virginia’s NPR and PBS public broadcasting affiliate, has hired former Charlottesville Tomorrow News Editor Elliott Robinson as news director. “We are thrilled that Elliott will be leading VPM News,” VPM President and CEO Jayme Swain said in a statement. “With his impressive background in local news, extensive knowledge of the issues that matter […]
Richmond consulting firm hires SVP of data and analytics
Richmond-based IT consulting firm UDig has hired Reid Colson as its senior vice president of data and analytics, it announced Tuesday. “With Reid on our team, we are excited to help clients seize opportunities, from creating a single version of the truth to driving value via predictive analytics and machine learning,” said Andy Frank, UDig […]
Diversity, equity and inclusion
Brought to you by Virginia Business and Bank of America, join us every other month for the Diversity Leadership Series — virtual fireside chats with a diverse group of Virginia business leaders sharing their insights and thoughts on leadership, their career paths, and diversity and equity. Our series kicked off on July 20 with Brian […]
Virginia Health Information CEO to retire
Michael T. Lundberg, the founding CEO of Virginia Health Information, has announced his retirement at the end of October. Lundberg, whose last day is Oct. 31, has been with Richmond-based nonprofit health care data organization since its founding in 1993 and led VHI from a $300,000-per-year organization to one anticipating more than $10 million in […]
Scott’s Addition property sells for $10.8M in Richmond
A 53,392-square-foot mixed-use property in Richmond has sold for $10.8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 1.81-acre plot was sold by an entity co-managed by Richmond-based Fountainhead Development and Lynx Ventures. The building, on 1300 MacTavish Ave. in the Scott’s Addition neighborhood, has 13 apartments and 42,892 square feet [...]
Richmond casino referendum gets court’s OK for ballot
The Richmond Circuit Court approved the Richmond City Council’s petition Tuesday to place a referendum on the November ballot for city voters to weigh in on the Urban One Inc.-backed ONE Casino + Resort project. It‘s the next step in a process that started early this year with the city’s request for proposals for a […]
VCU Health raises minimum wage to $15
Virginia Commonwealth University Health System is raising its minimum wage to $15 per hour in September, the Richmond-based health care system announced Tuesday. The roughly 1,700 employees and contract workers affected provide food and nutrition services, environmental services, valet services and other services to patients and the system’s operations. The group represents approximately 10%[...]
ASGN Inc. acquires Fairfax consulting firm
Richmond-based ASGN Inc., a Fortune 1000 provider of IT and professional services, acquired Fairfax-based Enterprise Resource Performance Inc., a health care consulting and data analytics firm that delivers federal healthcare transformation services, ASGN announced Thursday. ERPi’s 250 consultants will become part of ECS, ASGN’s Fairfax-based federal contracting subsidiary. ERPi was fo[...]
McGuireWoods promotes Herring to Richmond office managing partner
Former Richmond Commonwealth’s Attorney Michael Herring has been appointed managing partner of McGuireWoods’ Richmond office, the law firm announced Monday. After 13 years as Richmond commonwealth’s attorney, Herring resigned in 2019 to accept a position as a partner at McGuireWoods. Herring specializes in commercial litigation, government investigations and white collar criminal[...]
