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Lara Fritts resigns from Greater Richmond Partnership
Lara Fritts has resigned as president and CEO of the Greater Richmond Partnership, according to an email sent to the public-private economic development organization’s investors this week. Her resignation is effective as of Nov. 30, and she will be serving actively in the role until that time, according to a spokesperson. Fritts joined the organization […]
Va. initial jobless claims jumped nearly 25% last week
The number of initial jobless claims in Virginia rose by 24.75% last week, the Virginia Employment Commission reported Thursday. For the week ending Oct. 17, 11,365 Virginians filed initial claims for unemployment, an increase of 2,255 from the previous week, according to the VEC. And the number of initial claims filed during the week ending […]
John Marshall Foundation announces name change
The John Marshall Foundation, which raises funds for education about the rule of law under the Constitution, will now go by the John Marshall Center for Constitutional History & Civics, the nonprofit announced Friday. “The new name seeks to convey to the public that everyone is invited, that people lie at the center of its […]
Armada Hoffler buys Richmond apartment complex for $25M
Virginia Beach-based Armada Hoffler Properties Inc. announced last week it has completed the $25 million acquisition of the Edison Apartments in Richmond. The 174-unit, 12-story property was originally built in 1919 as the headquarters for the Virginia Electric and Power Co. (now Dominion Energy Inc.) and was renovated and repurposed in 2014 as apartments. The […]
Black Lives Matter renews interest in Richmond’s Black culture and history
RICHMOND, Va. – The Black Lives Matter movement has helped renew interest in Richmond‘s African American culture and history, according to community leaders. BLK RVA is an initiative launched in August 2019 between Richmond Region Tourism and 20 community leaders to highlight historic African American tourist attractions and engage visitors in events that support Richmond’s […[...]
Va. to expand networking program to new regions
During the next two years Virginia will invest $1.7 million to expand the Network2Work workforce development initiative, Gov. Ralph Northam announced Tuesday. The commonwealth will partner with the Virginia Community College System to pilot the Network2Work model in the Shenandoah Valley, Hampton Roads and greater Richmond regions. Network2Work was established by Piedmont Virginia Community Colleg[...]
Richmond extends deadline for small business, nonprofit relief program
The city of Richmond has extended the deadline for its Richmond Recovers Grant Program, giving small businesses and nonprofits until Oct. 19 to apply for grants ranging from $10,000 to $15,000, Richmond Mayor Levar Stoney’s office announced Tuesday. The city allocated $3 million of its federal CARES Act funding to the program, which has $1.68 […]
University of Richmond president to step down
University of Richmond President Ronald A. Crutcher announced Wednesday he has asked the board of trustees to begin a search for his successor, with plans to have a new president take office no later than July 1, 2022. Following his term as president, Crutcher and his wife, Betty, will travel to Berlin for a sabbatical […]
Central Va. sales, use tax rate to increase Oct. 1
Starting Oct. 1, the sales and use tax rate in Central Virginia will go up by 0.7% to a total of 6%, Virginia Tax announced Tuesday. The change approved by the 2020 Virginia General Assembly affects the 4.3% state tax, the 0.7% regional state tax and the 1% local option tax. Affected localities include Richmond […]
Richmond Times-Dispatch, Roanoke Times, Daily Progress see newsroom layoffs
Updated Sept. 11 At least five newsroom staffers at the Richmond Times-Dispatch were told Friday that they were being laid off by owner Lee Enterprises. Four people laid off were part of the bargaining unit for the Richmond Newspapers Professional Association, the Times-Dispatch’s newsroom union, a representative confirmed. They include a business reporter, a photojournalist, […]
Richmond investment bank launches health care group
Richmond-based investment bank Matrix Capital Markets Group Inc. announced Wednesday it has established the Matrix Healthcare Banking Group, which will focus on health care subsectors. The industry group will be led by Amanda Verner Thompson and Vasanta B. Pundarika, who joined the firm as managing directors and co-heads of the new group. Their focus will […]
Universal Corp. to acquire dehydrated foods company for $170M
Richmond-based international tobacco leaf supply company Universal Corp. announced Tuesday it has entered into a definitive agreement to acquire Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash. Following the transaction, Silva will operate as part of Universal’s plant-based ingredients platform, which includes Fruit[...]
