James Ayers & Associates has acquired the accounting firm Sandra Claytor CPA.
Both firms are based in Chesterfield County.
James Ayers & Associates said it would continue offering accounting services to Claytor’s existing client base while taking on new clients in industries such as transportation and contracting/building.
James E. Ayers, the owner of the firm, is a former controller at Klockner Pentaplast in Gordonsville with 13 years of experience managing finance functions.
Sandra Claytor is retiring from active practice but will consult with Ayers during a three-month transition period. Ms. Claytor has been in practice for over 20 years.
James Ayers & Associates has a staff of six full- and part-time employees.
Richmond law firm BrownGreer PLC has moved into a newly renovated building in Rocketts Landing, becoming the first large-scale company to locate in the Henrico County riverfront development,
BrownGreer, a claims resolution and administration firm founded in 2002, now is based in the Cedar Works building, which dates to 1895. The building was part of Richmond Cedar Works Manufacturing Co., which produced ice chests, washing machines and ice-cream makers at its site on the James River..
“We wanted a building and a location that reflected the energy and character of our firm,” Orran L. Brown, a BrownGreer founding partner, said a in statement. “The history and community at Rocketts Landing first got our attention and we saw great potential to turn the open warehouse into a headquarters that would complement the Rocketts neighborhood.”
BrownGreer contracted to purchase the 37,000-square-foot space last August and closed on the building in March.
The structure now is the workspace for more than 300 BrownGreer employees. BrownGreer has grown in recent years as a result of its work processing claims for the 2010 BP oil spill in the Gulf of Mexico.
The renovated building features a three-story glass atrium, exposed brick walls and wooden columns and reuse of its wooden floors in entry ways, offices and conference rooms.
Rocketts Landing, which is being developed by The WVS Cos., is a mixed-used project a mile and a half from downtown Richmond.that includes condominiums, townhomes, restaurants, shops, offices and a marina. Located in an area used as a river port since the 1730s., the development eventually will extend more than a mile along the banks of the James River.
Raytheon Co. announced Thursday it will locate the headquarters of its newly formed Intelligence, Information and Services (IIS) business at the company’s Dulles operations in Sterling.
The unit, which was recently formed by combining Raytheon’s Technical Services and Intelligence and Information Systems businesses, will move its headquarters from North Garland, Texas.
The move will only affect a small number of headquarters staff, said David Desilets, senior manager of corporate public releations for Raytheon. He did not disclose how many employees that would be.
“From a business perspective [the headquarters move] is about our proximity to our customers in the capital region and the use of existing real estate that we have,” Desilets said.
Raytheon employs about 3,500 people in Virginia, Desilets said.
ISS will provide navigation, weather, cyber-security, training, logistics, mission support and engineering solutions for intelligence community, government and commercial customers.
Raytheon, which is based in Waltham, Mass., announced in late March it would consolidate its businesses to streamline its operations and align better with customer needs.
“The company’s existing campus with room for expansion offers the right infrastructure, access to a high-tech work force and proximity to defense and government customers,” Gov. Bob McDonnell said in a statement.
A Richmond judge has allowed Attorney General Ken Cuccinelli to recuse his office from prosecuting a former Executive Mansion chef, according to the Richmond Times-Dispatch.
Circuit Court Judge Margaret P. Spencer, however, delayed any decision on a defense motion to dismiss four embezzlement charges against chef Todd Schneider until a new prosecutor has had a chance to review the case, the newspaper reported.
Spencer is appointing Norfolk Commonwealth’s Attorney Gregory D. Underwood to handle the case. Cuccinelli had asked the judge to appoint Paul Ebert, a prosecutor in Prince William County.
The case against Schneider has drawn national attention because of its entanglement with gifts from a Virginia CEO to Gov. Bob McDonnell and Cuccinelli, who is running unopposed for the Republican nomination for governor.
Schneider catered a reception for the 2011 wedding of McDonnell’s daughter. A March 30 report in the Washington Post revealed that Jonnie Williams, the CEO of Glen Allen-based Star Scientific Inc., had paid $15,000 for the reception. McDonnell has described the payment as a wedding gift to his daughter, which did not require reporting on disclosure forms.
McDonnell’s political action committee and gubernatorial campaign have received more than $100,000 in publicly reported political contributions from Williams.
The Washington Post has reported that the FBI has begun asking questions about the relationship between McDonnell and Williams as part of an existing investigation of Star Scientific’s securities transactions. The governor has said his administration have not given Williams or Star Scientific any special treatment.
Meanwhile, Cuccinelli recused his office in defending the state against a lawsuit filed in 2011 by Star Scientific over a tax assessment. The attorney general’s action came after The Post reported that he had failed to disclose until late last year that he owned Star Scientific stock worth more than $10,000 at the time the suit was filed.
Cuccinelli has since reported receiving $5,000 in gifts from Williams that he had previously overlooked.
The attorney general asked the court to recuse his office in the Schneider case because state employees that it represents could be called as defense witnesses.
In his motion to dismiss the case, Schneider has alleged that his prosecution was politically motivated. He is accused of taking state property worth more than $200. In court filings, the chef said he was instructed to take state-purchased food as compensation for personal services.
The U.S. Coast Guard has awarded Newport News-based Huntington Ingalls Industries a $487 million contract to build a sixth National Security Cutter (NSC).
The vessel will be built by the company’s Ingalls Shipbuilding division.
NSCs are the flagships of the Coast Guard’s cutter fleet. They were designed to replace the 378-foot Hamilton-class, high-endurance cutters, which entered service during the 1960s.
The Ingalls division has delivered the first three NSCs. The fourth, currently at 40 percent complete, is scheduled to launch this summer and will be christened in October.
Keel-laying for the fifth NSCis set for May 17. The ship is 17 percent complete and will launch in the spring of 2014.
Ingalls builds, integrates and tests the NSC hull, mechanical and electrical systems, while Lockheed Martin provides the command, control, communications, computers, intelligence, surveillance and reconnaissance capabilities onboard the cutters.
NSCs are 418 feet long with a 54-foot beam, displacing 4,500 tons with a full load. They have a top speed of 28 knots, a range of 12,000 miles, an endurance of 60 days and a crew of 110.
Unemployment rates fell in all of Virginia’s metro areas in March as the state’s unadjusted jobless rate declined half a percentage point.
The biggest decline occurred in the Blacksburg-Christiansburg-Radford metropolitan statistical area. There unemployment fell 1.4 percentage points, from 7 percent in February to 5.6 percent in March.
Statewide, the jobless rate was 5.2 percent in March, down from 5.7 percent in February. Those figures and the metro –area unemployment numbers were not adjusted for seasonable fluctuations in the labor market.
The Northern Virginia suburbs of Washington, D.C., had the lowest jobless rate in March (4 percent, down from 4.4 percent in February) while the Danville area had the highest (7.3 percent, down from 7.9 percent).
Unemployment rates from other metro areas were:
Charlottesville: 4.5 percent in March, down from 4.9 percent in February.
Harrisonburg: 4.9 percent, down from 5.4 percent.
Bristol: 6.3 percent, down from 7.1 percent.
Lynchburg: 5.8 percent, down from 6.4 percent.
Richmond: 5.6 percent, down from 6.1 percent.
Roanoke: 5.4 percent, down from 6 percent.
Virginia Beach-Norfolk-Newport News (Hampton Roads): 5.6 percent, down from 6.2 percent.
Winchester: 4.7 percent, down from 5.3 percent.
The National Geographic Channel is returning to Richmond to film a historical television drama based on “Killing Kennedy,” a book written by talk show host Bill O’Reilly.
In 2011, the cable television channel filmed another historical drama in Richmond based on O’Reilly’s popular book “Killing Lincoln.” For the latest film, National Geographic Channel again has teamed with Ridley Scott and Los Angeles-based Scott Free Productions, which produced “Killing Lincoln.”
“Killing Kennedy” recounts events surrounding the assassination of President John F. Kennedy in November 1963.
The film will be eligible for state incentives after production is completed. Casting for the project is under way.
Production of “Killing Lincoln” in Richmond nearly three years ago was overshadowed somewhat by the filming of Steven Spielberg’s “Lincoln” in Central Virginia at the same time.
The TV drama, however, became the most watched show in the history of National Geographic Channel. It has since aired in 171 countries and 38 languages.
Ridley Scott has produced films such as “Blade Runner” and “Thelma and Louise.”
In addition to “Killing Lincoln,” he previously worked in Virginia as producer of “Hannibal” and “G.I. Jane.”
The commonwealth plans to award projects that reduce pollution from acid mine drainage in Southwest Virginia.
The grant is in addition to $1.69 million in acid mine drainage remediation funds that Gov. Bob McDonnell announced in May 2012.
The grants would affect problems in the Powell River watershed from coal mining conducted before passage of the federal Surface Mine Control and Reclamation Act in 1977.
The Virginia Water Quality Improvement Act funds will be awarded upon completion of a 30-day public comment period, scheduled to end May 22.
“This grant shows Virginia’s continued commitment to reducing the leading source of water quality problems – nonpoint source or runoff pollution —including from historic coal mining activities,” McDonnell said in a statement.
Specific sites to be addressed with these funds are Wagonertown 2 south of the town of St. Charles and the Penhook site draining to an unnamed tributary of Straight Creek. With matching funds, the cost of these projects is more than $730,000.
The projects are part of an ongoing effort to remediate damage from acid mine drainage from abandoned coal mining.
State officials said the proposed projects will help remedy acid mine drainage along Straight Creek, part of the Powell River and home to many endangered or threatened aquatic species.
Hey, Mark Warner, don’t you really want to be governor again?
Virginia Republicans and Democrats alike must be wondering, “Is there a Plan B for this governor’s election?”
Their consternation is the result of what could be called the “April Fools’ Week Massacre.” A string of news reports appearing from March 30 through April 5 punctured the gubernatorial campaigns of Republican Attorney General Ken Cuccinelli and former Democratic National Committee Chairman Terry McAuliffe, the unopposed candidates for their parties’ nominations, while tarnishing the reputation of Gov. Bob McDonnell.
The first blow was a March 30 report in The Washington Post detailing ties between Cuccinelli and Glen Allen-based Star Scientific, a former tobacco company that now sells dietary supplements. Cuccinelli owned more than $10,000 in Star Scientific stock in 2011 when the company sued the state over a tax assessment. A campaign spokesman said the stock, bought in 2010 and 2011, wasn’t reported until last year because Cuccinelli didn’t realize its value had exceeded the threshold for financial disclosure. Cuccinelli has reported receiving $13,000 in gifts from Star Scientific CEO Jonnie R. Williams Sr., including a brief stay at Williams’ Goochland County home in 2010.
Star Scientific’s suit involves a $700,000 sales and use tax assessment on tobacco curing barns it owns in Mecklenburg County. If it loses the suit, the company could owe the state $1.7 million. Star Scientific, in turn, is a defendant in lawsuits filed by two shareholders stemming in part from a recently disclosed federal investigation into the company’s securities transactions. Star Scientific says the suits are without merit.
On the same day the Cuccinelli story ran, The Post also reported that Williams paid $15,000 for catering at the wedding reception for McDonnell’s daughter in 2011. McDonnell called the payment a wedding gift to his daughter and refused to reveal any other gifts, which he claimed did not have be reported under state law. That news caught the eye of every parent in Virginia who ever footed the bill for a wedding. (Williams is going to be getting a lot of wedding invitations.)
Reacting to a barrage of criticism, Cuccinelli on April 5 appointed former Attorney General Stephen D. Rosenthal and former state Solicitor General William H. Hurd to handle the Star Scientific case at no charge to the state.
In a statement, Brian Gottstein, the attorney general’s spokesman, stressed that “there was absolutely no conflict of interest with the attorney general’s office” and noted Cuccinelli has not been personally involved in the case. Outside counsel was appointed “in an abundance of caution and to move past what has become an unnecessary distraction for the office and the attorney general.”
On the same day that Cuccinelli recused his office, McAuliffe also was making news. The website Politico disclosed that the Democrat, best-known as a prolific fundraiser for Bill and Hillary Clinton, had quietly resigned as chairman of GreenTech Automotive in December. McAuliffe had bought GreenTech, a maker of small electric cars, from the Chinese government in 2009.
McAuliffe had been expected to locate GreenTech in Virginia to solidify his claim as a jobs creator. Instead, the plant sites wound up in Mississippi, home of McAuliffe’s good friend, former Gov. Haley Barbour. McAuliffe said he did not locate in Virginia because the Virginia Economic Development Partnership had shown little interest in the project. PolitiFact Virginia determined that claim was false. Emails, however, showed VEDP had concerns about GreenTech, including its proposed use of a federal program offering visas to foreigner investors who create U.S. jobs.
Republicans pounced on McAuliffe’s resignation as proof that the GreenTech deal has gone bust. According to news reports, GreenTech has produced few cars at a temporary factory in Horn Lake, Miss., and little progress has been made on plans for a 300,000-square-foot permanent plant In Tunica, Miss. GreenTech also was late in paying taxes in Tunica.
Before March 30, polls showed Cuccinelli and McAuliffe were in a virtual dead heat, with many voters saying they didn’t know much about either candidate. Political observers said the situation gave each contender an opportunity to “define” his rival, meaning pummel him with negative ads. Instead, Cuccinelli and McAuliffe now have been defined by bad press on their business ties. Not a good start for campaigns that planned to make the state economy their top issue.
The gubernatorial contest already was suffering from a heavy dose of voter dissatisfaction. After dropping out of the race for the Republican nomination last year, Lt. Gov. Bill Bolling briefly flirted with the idea of running as an independent. In addition, Politico says Republican moderates in Northern Virginia have urged former U.S. Rep. Tom Davis to make a bid, so far with no success. The hearts of Democrats, meanwhile, were aflutter when popular U.S. Sen. Mark Warner, frustrated with the glacial pace of Washington, pondered running for a second term as governor before deciding to seek re-election to his Senate seat.
If the race remains a two-horse field, neither candidate looks likely to inspire widespread enthusiasm among the electorate. In Virginia, a low voter turnout typically favors Republicans, giving Cuccinelli the advantage. In this demolition derby, however, there probably will be no winner, just a survivor.
The slow pace of recovery from the 2007-09 recession appears to have curbed the pace of Virginia’s 50 fastest-growing companies.
The 2013 Fantastic 50 had a median four-year revenue growth rate of 243.34 percent, the lowest level seen on the list since 2008.
In addition, the growth rate of the top company on the list this year, 2,165 percent, while amazing, is more than 2,500 percentage points lower than the four-year growth rate recorded by last year’s leading company.
The 2013 Fantastic 50 list was compiled by comparing the revenue growth from 2008 through 2011. Those years included the low point of the Great Recession and the first two years of the recovery.
According to the World Bank, U.S. gross domestic product declined slightly (down 0.4 percent) in 2008 before falling 3.5 percent the next year. GDP bounced back 3 percent in 2010 before slowing to 1.7 percent in 2011.
To be eligible for the Fantastic 50 this year, a company must have had revenue of at least $200,000 in 2008. It also must have made a profit in 2011 and have revenue of less than $100 million in its most recent fiscal year.
The Fantastic 50 presents four Vanguard Awards this year to the company with the highest revenue growth on the list and three other companies which recorded the greatest growth in their industry group.
Highest revenue growth: McLean-based Integrity Management Consulting, which helps federal agencies with acquisition and program management support services.
Service: Clarksville-based Veterans Enterprise Technology Solutions Inc., which offers its federal government clients a variety of services ranging from computer-based 3-D simulations to mail operations.
Retail/Wholesale: Suffolk-based New Day Office Products & Furnishings Inc., which sells high-quality commercial furnishings and provides services including interior design, project management and strategic planning.
Technology: Falls Church-based Kore Federal, which provides information technology solutions to Homeland Security, Defense and intelligence agencies.
In past years, the Fantastic 50 also has included a Vanguard Award for manufacturers. No manufacturing company, however, made the list this year. Only one manufacturer was on the list in 2012.
No manufacturing or retail/wholesale companies made the list in 2011.
The 2013 Fantastic 50 list is dominated by service companies, 27, followed by technology companies, 22.
Twenty-three companies on the list this year are repeat winners from last year.
Northern Virginia is home to 39 companies on the list. Nine of those firms show Arlington as their address, followed by six in Reston and five in McLean.
Nine companies on the list are based in Hampton Roads.
The Fantastic 50 is coordinated by the Virginia Chamber of Commerce. The accounting firm Dixon Hughes Goodman reviews the financial records of entries to determine the winners.
All 50 companies were recognized at a banquet held April 25 at the Westfields Marriott Washington Dulles in Chantilly.
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