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Va. unemployment claims remain high, but new claims drop
Although the number of initial jobless claims filed last week dropped relative to the previous week, unemployment numbers remain high, according to figures released by the Virginia Employment Commission on Thursday. During the week ending Jan. 16, 21,073 Virginians filed initial claims, a 25.3% decline from the previous week, which saw 28,227 people file new […]
New Hampton Roads bank raises $20M
Integrity Bank for Business, a new bank forming in Virginia Beach, has received signed subscription agreements for stock purchases totaling $20.285 million, it announced Tuesday. By Jan. 15, Integrity had received subscription agreements of $19.935 million by the closing date of the first phase of its stock offering; additional agreements of $350,000 were pending on […]
DroneUp names chief strategy officer
Virginia Beach-based DroneUp LLC announced Tuesday it has hired Carl Smit as its chief strategy officer. In his new role, he will advise CEO Tom Walker and DroneUp’s senior leadership team to set the strategic direction of the company and focus on growing its retail drone delivery offerings. He will also oversee corporate development including […]
Va. sees highest number of initial jobless claims since July 2020
Last week, more than 28,000 Virginians filed initial unemployment claims — a 44.5% jump from the previous week. This is the greatest number of initial claims reported since July 2020. During the week ending Jan. 9, 28,227 Virginians filed initial claims, which was an increase of 8,697 from the previous week. This could in part […]
Va. Beach health care consultancy names CFO
Virginia Beach-based health care consulting company Divurgent announced Wednesday it has hired John Ward as chief financial officer. He succeeds Philip Felt, co-founder of Divurgent, who had served as CFO since the company’s 2007 inception. Felt will lead the board of directors’ finance committee. Ward most recently served as senior director and market CFO of […]
Va. Beach health care consultancy hires chief strategy officer
Virginia Beach-based health care consulting company Divurgent announced Wednesday it has hired Sam Hanna as its chief strategy officer and executive vice president of innovation and consulting . Hanna joins the firm with experience as an executive adviser to Alphabet Inc., Amazon.com Inc. and several medical device and artificial intelligence startups. “Having Sam join our […]
HII acquires unmanned systems business
Newport News-based Huntington Ingalls Industries (HII) announced Monday it has acquired Virginia Beach-based Spatial Integrated Systems Inc.’s (SIS) autonomy business. Financial terms of the transaction were not disclosed, but the acquisition expands HII’s unmanned systems capabilities, according to a company statement. Approximately 50 SIS employees will join unmanned systems business[...]
Dominion files construction, operations plan for $7.8B offshore wind farm
Richmond-based Dominion Energy Inc. announced Friday it has filed the required construction and operations plan (COP) with the Bureau of Ocean Energy Management to build the utility’s proposed $7.8 billion, 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) project. “This is an important step in the process toward bringing commercial-scale offshore wind to the commonwealth and shows [...]
14K+ Virginians filed initial jobless claims last week
The number of initial jobless claims filed last week reached close to its Aug. 8 peak, with more than 14,000 Virginians filing initial unemployment claims, according to Virginia Employment Commission data released Thursday. The week prior, initial claims reached more than 16,000. While there was a 12.9% decrease in claims from the previous week, the […]
Dominion announces construction has begun on offshore wind vessel
Dominion Energy Inc. announced Wednesday that construction has begun on the utility’s new vessel that will ferry the workers and huge components needed for its planned buildout of the largest offshore wind farm in the country off the coast of Virginia Beach. Named Charybdis after the sea monster from Greek mythology, Dominion’s U.S.-flagged ship will […]
Kitty Hawk offshore wind project to create 600 jobs in Hampton Roads area
Avangrid Renewables, a subsidiary of Connecticut-based Avangrid Inc., submitted construction and operations plans on Dec. 11 for the first phase of its Kitty Hawk Offshore Wind project, a development it says will generate $2 billion in economic impact between 2021 and 2030 and create nearly 800 jobs in Virginia and North Carolina. Located 27 miles […]
Land in Portsmouth sells for $1.05M
A 0.75-acre plot of land sold in Portsmouth for development of a car wash location, Cushman & Wakefield | Thalhimer announced Tuesday. Green Clean Holdings purchased the land located at 5820 High St. from Chesapeake-based Parker Burnell Real Estate Group for $1.05 million. The buyer plans to develop its ninth Hampton Roads Green Clean Auto […]
