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Coworking spaces 2024

Top Five – March 2024

Virginia Secretary of Transportation Shep Miller and friend were thumbs-up at the Jan. 30 groundbreaking for the Buc-ee’s travel center in Rockingham County. Courtesy Virginia Office of the Governor;

The top five most-read daily news stories on VirginiaBusiness.com from Jan. 16 to Feb. 13 were led by news that Buc-ee’s broke ground on its Rockingham County travel center.

1   |   Buc-ee’s starts construction on Rockingham center

Texas-based convenience store chain Buc-ee’s started construction on its first travel center in Virginia with a Jan. 30 ceremonial groundbreaking. (Jan. 30)

2   |   Three Virginia business schools make top 50 in Poets&Quants rankings

The University of Virginia’s McIntire School of Commerce and the University of Richmond’s and William & Mary’s business schools placed in the top 50 of 91 undergraduate business schools in the online publication’s 2024 rankings. (Jan. 22)

3   |   The Martin Agency has new CEO

Danny Robinson is taking over from Kristen Cavallo as CEO of the Richmond ad agency. Cavallo will remain MullenLowe Global’s CEO. (Jan. 30)

4   |   After long delay, Virginia lawmakers appoint two SCC judges

The General Assembly unanimously elected two attorneys — Kelsey Bagot and Sam Towell — to fill vacancies on the State Corporation Commission. (Jan. 24)

5   |   Caesars Virginia ‘tops off’ Danville casino

Caesars Virginia held a topping-off ceremony for the 12-story hotel that will be part of its resort casino. (Jan. 18)

 

Directory of business schools in Virginia

Public colleges & universities

(nonprofit, based in Virginia)

CHRISTOPHER NEWPORT UNIVERSITY

Joseph W. Luter III School of Business
Newport News | 757-594-7215

cnu.edu/schoolofbusiness


GEORGE MASON UNIVERSITY

School of Business
Fairfax | 703-993-1880

business.gmu.edu


JAMES MADISON UNIVERSITY

College of Business
Harrisonburg | 540-568-2785

jmu.edu/cob


LONGWOOD UNIVERSITY

College of Business & Economics
Farmville | 434-395-2042

longwood.edu/business


NORFOLK STATE UNIVERSITY

School of Business
Norfolk | 757-823-8920

nsu.edu/business


OLD DOMINION UNIVERSITY

Strome College of Business
Norfolk | 757-683-3520

odu.edu/business


RADFORD UNIVERSITY 

Davis College of Business and Economics
Radford | 540-831-5187

radford.edu/cobe


UNIVERSITY OF MARY WASHINGTON

College of Business
Fredericksburg | 540-654-1019

business.umw.edu


UNIVERSITY OF VIRGINIA

Darden School of Business
Charlottesville | 434-924-3900

darden.virginia.edu


UNIVERSITY OF VIRGINIA

McIntire School of Commerce
Charlottesville | 434-924-3865

commerce.virginia.edu


UNIVERSITY OF VIRGINIA’S COLLEGE AT WISE

Department of Business and Economics
Wise | 276-328-0102

uvawise.edu/academics/departments/business-economics


VIRGINIA COMMONWEALTH UNIVERSITY

School of Business
Richmond | 804-828-1595

business.vcu.edu


VIRGINIA MILITARY INSTITUTE

Economics and Business Department
Lexington | 540-464-7234

vmi.edu/academics/departments/economics-and-business


VIRGINIA STATE UNIVERSITY

Reginald F. Lewis College of Business
Petersburg | 804-524-6719

business.vsu.edu


VIRGINIA TECH

Pamplin College of Business
Blacksburg | 540-231-6601

pamplin.vt.edu


WILLIAM & MARY

Raymond A. Mason School of Business
Williamsburg | 757-221-4100

mason.wm.edu


Private colleges & universities

(nonprofit, based in Virginia)

AVERETT UNIVERSITY

Danville |  434-791-5600

averett.edu/academics/majors-and-programs/undergraduate/business


BLUEFIELD COLLEGE

Caudill School of Business
Bluefield | 276-326-4226

bluefield.edu/academics/colleges-schools/caudill-school-of-business


BRIDGEWATER COLLEGE

Department of Economics and Business Administration
Bridgewater | 540-828-8000

bridgewater.edu/academics/divisions/economics-business-administration


EASTERN MENNONITE  UNIVERSITY

Business and Leadership
Harrisonburg | 540-432-4000

emu.edu/business


EMORY & HENRY COLLEGE

School of Business
Emory | 276-944-6838

ehc.edu/academics/school-business


FERRUM COLLEGE

Business Administration Program
Ferrum | 800-868-9797

ferrum.edu/school-of-arts-and-sciences/business-administration


HAMPDEN-SYDNEY COLLEGE

Economics and Business Department
Hampden Sydney | 434-223-6104

hsc.edu/academics/economics-and-business


HAMPTON UNIVERSITY

School of Business
Hampton | 757-727-5361

biz.hamptonu.edu


HOLLINS UNIVERSITY

Roanoke | 540-362-6000

hollins.edu/academics/majors-minors/business-major


LIBERTY UNIVERSITY

School of Business
Lynchburg | 434-592-7321

liberty.edu/business


UNIVERSITY OF LYNCHBURG

College of Business
Lynchburg | 434-544-8100

lynchburg.edu/academics/college-of-business


Mary Baldwin University

Staunton | 540-887-7019

marybaldwin.edu/academics/business


MARYMOUNT UNIVERSITY

College of Business, Innovation, Leadership and Technology
Arlington | 703-284-5747

marymount.edu/academics/college-of-business-innovation-leadership-and-technology


Randolph College

Economics and Business
Lynchburg | 434-947-8000 

randolphcollege.edu/economics


RANDOLPH-MACON COLLEGE

Economics, Business and Accounting
Ashland | 804-752-7200

rmc.edu/departments/economics-and-business


REGENT UNIVERSITY

School of Business & Leadership
Virginia Beach | 757-352-4127

regent.edu/school-of-business-and-leadership


ROANOKE COLLEGE

Business & Economics Department
Salem | 540-375-2500

roanoke.edu/business


SHENANDOAH UNIVERSITY

School of Business
Winchester | 540-665-4572

su.edu/business


SOUTHERN VIRGINIA UNIVERSITY

Business Management and Leadership
Buena Vista  | 540-261-8400

svu.edu/academics/programs/business


SWEET BRIAR COLLEGE

Social Sciences and Humanities: Business
Sweet Briar | 434-381-6100

sbc.edu/social-sciences-and-humanities/business


UNIVERSITY OF RICHMOND

Robins School of Business
Richmond | 804-289-8550

robins.richmond.edu


VIRGINIA UNION UNIVERSITY

Sydney Lewis School of Business
Richmond | 804-257-5600

vuu.edu/academics-at-union/academic-schools/sydney-lewis-school-of-business


VIRGINIA WESLEYAN UNIVERSITY

D. Henry Watts School of Professional Studies, Business Department
Virginia Beach | 757-455-3200

vwu.edu/academics/majors/business


WASHINGTON AND LEE UNIVERSITY

The Williams School of Commerce, Economics and Politics
Lexington | 540-458-8602

wlu.edu/williams


Two-year, residential college

RICHARD BLAND COLLEGE of WILLIAM & MARY

Business Administration Program
Petersburg | 804-862-6100

rbc.edu


Community colleges

BLUE RIDGE COMMUNITY COLLEGE

Business Management
Weyers Cave | 540-234-9261

brcc.edu/academics/programs/business-management


CENTRAL VIRGINIA COMMUNITY COLLEGE

Lynchburg | 434-832-7600

centralvirginia.edu/programs-classes/business


DABNEY S. LANCASTER COMMUNITY COLLEGE

Business & Hospitality
Clifton Forge | 540-863-2800

dslcc.edu/program-cluster/business-hospitality


Danville Community College

Business & Marketing
Danville | 434-797-2222

danville.edu/major/business-marketing


EASTERN SHORE COMMUNITY COLLEGE

Career and Technical Programs
Melfa | 757-789-1789

es.vccs.edu/academics/cte-programs


GERMANNA COMMUNITY COLLEGE

Business Pathway
Fredericksburg, Locust Grove | 540-891-3000

germanna.edu/pathways/business


JOHN TYLER COMMUNITY COLLEGE

Business, Management, Finance and Marketing
Chester, Midlothian | 804-706-5081, 804-594-1480

jtcc.edu/academics/career-clusters/business


LORD FAIRFAX COMMUNITY COLLEGE

Middletown, Warrenton | 540-351-1505

lfcc.edu/pathways-program/business


MOUNTAIN EMPIRE COMMUNITY COLLEGE

Business and Information Technology
Big Stone Gap | 276-523-2400

mecc.edu/business-and-information-technology


NEW RIVER COMMUNITY COLLEGE

Dublin, Christiansburg | 540-674-3610

nr.edu/degrees/business.php


NORTHERN VIRGINIA COMMUNITY COLLEGE

Alexandria, Annandale, Loudoun, Manassas, Woodbridge | 703-323-3000

nvcc.edu/academics/areas/business/index.html


PATRICK HENRY COMMUNITY COLLEGE

Martinsville | 276-638-8777

patrickhenry.edu


PAUL D. CAMP COMMUNITY COLLEGE

Business & Management
Franklin, Suffolk, Smithfield | 757-569-6700

pdc.edu/explore-camp/business-management


PIEDMONT VIRGINIA COMMUNITY COLLEGE

Business & Hospitality
Charlottesville  | 434-977-3900

pvcc.edu/area/business


RAPPAHANNOCK COMMUNITY COLLEGE

Glenns, Warsaw | 804-758-6700

rappahannock.edu


REYNOLDS COMMUNITY COLLEGE

School of Business and Industrial Trades
Richmond, Henrico, Goochland | 804-371-3000

reynolds.edu/get_started/programs/business/default.aspx


SOUTHSIDE VIRGINIA COMMUNITY COLLEGE

Alberta, Keysville, South Hill | 434-949-1000

southside.edu


SOUTHWEST VIRGINIA COMMUNITY COLLEGE

Business Path

Cedar Bluff | 276-964-2555

sw.edu/business-path


THOMAS NELSON COMMUNITY COLLEGE

Hampton, Williamsburg | 757-825-2700

tncc.edu/programs/pathways


TIDEWATER COMMUNITY COLLEGE

Norfolk, Portsmouth, Chesapeake, Virginia Beach | 757-822-1111

tcc.edu/programs/career-pathways/business-computer-science-it


VIRGINIA HIGHLANDS COMMUNITY COLLEGE

Abingdon | 276-739-2400

vhcc.edu/current-students/pathways/business


VIRGINIA WESTERN COMMUNITY COLLEGE

Business & Professional Services
Roanoke | 540-857-8922

virginiawestern.edu/academics/business-professional-services/


WYTHEVILLE COMMUNITY COLLEGE

Galax, Marion | 276-223-4700

wcc.vccs.edu/pathways/business


Other schools

(offering undergraduate or graduate degrees)

AMERICAN NATIONAL UNIVERSITY

Salem | 888-956-2732

an.edu


BRYANT & STRATTON COLLEGE

Hampton, Richmond, Virginia Beach | 866-948-0571

bryantstratton.edu/degrees/business


CENTRAL MICHIGAN UNIVERSITY

Fort Belvoir, Joint Base Myer-Henderson Hall | 989-774-3124

cmich.edu/colleges/cba/Pages/default.aspx


DEVRY UNIVERSITY

Arlington, Chesapeake | 866-338-7934

devry.edu/online-programs/career-fields/business.html


ECPI UNIVERSITY

College of Business

Richmond, Virginia Beach, Newport News, Norfolk, Roanoke, Manassas | 844-334-4466

ecpi.edu/college-of-business


SOUTH UNIVERSITY

Business & Technology Programsx
Glen Allen, Virginia Beach | 804-727-6800

southuniversity.edu/degree-programs/business-and-technology#cid-18


STRATFORD UNIVERSITY

The School of Business Administration
Alexandria, Woodbridge  | 855-444-5018

stratford.edu/business-administration


STRAYER UNIVERSITY

Alexandria, Arlington, Chesapeake, Chesterfield County, Fredericksburg, Loudoun County, Newport News, Virginia Beach, Woodbridge | 877-445-7180

strayer.edu/online-degrees/business


TROY UNIVERSITY

Sorrell College of Business
Chesapeake  | 757-512-2000

troy.edu/academics/colleges-schools/business/index.html


UNIVERSITY OF PHOENIX

Arlington | 571-227-7075

phoenix.edu/degrees/business.html

A sampling of Virginia’s major road projects

HAMPTON ROADS

Hampton Roads Bridge-Tunnel Expansion Project

Work continues on Virginia’s largest high- way construction project, the $3.9 billion Hampton Roads Bridge-Tunnel (HRBT) expansion. The project will widen the four-lane segments of the 9.9-mile Interstate 64 corridor between Norfolk and Hampton to six lanes on land and eight over the water with twin two-lane tunnels. In April 2023, a custom tunnel boring machine (TBM) launched from South Island to construct the first of two new tunnels. Then, in the fall, crews connected the new south trestle bridge to Willoughby Spit in Norfolk, allowing it to be accessed by land, so concrete deliveries could be made 24 hours a day for the new bridge deck without impacting traffic. In November, crews completed the largest continuous concrete pour in the Virginia Department of Transportation’s history when they paved 5,480 cubic yards of concrete over 31 hours for the base slab of the North Island receiving pit. Finally, in December 2023, the tunnel boring machine reached the halfway point between South Island and North Island, completing 596 rings after excavating about 4,000 feet of the new tunnel. This spring, I-64 eastbound traffic will be shifted onto the new north trestle bridge at the Hampton shoreline, connecting to the existing eastbound tunnel.

NORTHERN VIRGINIA

Improve 95

As part of the plan to address gridlock on Interstate 95 near Fredericksburg, VDOT has several projects underway between Exit 148 and Exit 130 at a cost of more than $1 billion. Improve I-95 consists of four construction projects that will be in various phases through 2025.

Long Bridge expansion

The most significant rail choke point on the East Coast will be fixed as part of a $729 million federal funding package for transportation projects in Northern Virginia and Washington, D.C., U.S. Sens. Mark Warner and Tim Kaine and Virginia Gov. Glenn Youngkin announced in December 2023. The package includes funding to finalize the long-planned $1.9 billion expansion and upgrade of the Long Bridge, a nearly 120-year-old, two-track railroad bridge that connects Virginia and D.C. and serves as the main passenger and freight rail connection between the Southeast and Northeast.

SHENANDOAH VALLEY/ SOUTHWEST VIRGINIA

Interstate 81 improvements

Resulting from a 2018 study, the $3.1 billion Interstate 81 Corridor Improvement Program lists 64 planned upgrades targeting safety and reliability along the 325-mile corridor from Winchester to Bristol. It’s scheduled for completion in 2033. In October 2023, the Commonwealth Transportation Board awarded a $7.7 million contract to Fairfield-Echols for construction of an I-81 southbound auxiliary lane that will connect exits 220 and 221 in the Staunton area, creating an additional lane between the two interchanges and more space for merging traffic from I-64 to I-81. Next to that, a four-mile stretch of I-81 will be widened, adding a third lane in each direction this spring. The $101 million project is between exits 221 and 225 and includes the widening of five bridges. The widening of I-81 in the Bristol area was expected to begin construction early this year. 

Early-stage funders 2024

Best Places to Work 2024

This is the 14th year that Virginia Business has compiled the Best Places to Work in Virginia list in collaboration with Pennsylvania-based Best Companies Group.

More than 200 companies applied for inclusion in the 2024 Best Places to Work in Virginia cohort. A hundred companies were chosen, divided into three categories: small (15-99 U.S. employees); midsize (100-249); and large (250 or more).

Best Companies Group makes its selections based on surveys conducted with the companies and their employees.

Employee surveys benchmark companies on a list of core values: leadership and planning; corporate culture and communication; role satisfaction; work environment; relationship with supervisor; training and benefits; pay; and overall engagement.

The 2024 Best Places to Work lists can be found on the following pages, along with profiles of the top-ranked companies in each group.

RELATED STORIES

2024 BEST PLACES TO WORK
LARGE EMPLOYERS WINNER: Patriot Group

 

 

 

2024 BEST PLACES TO WORK
MIDSIZE EMPLOYERS WINNER: Sriven Technologies

 

 

 

2024 BEST PLACES TO WORK
SMALL EMPLOYERS WINNER: Troika Solutions

 

 

Making the office cool again

 

 

 

 





Virginia 500 Spotlight: CLAYTON TURNER

FIRST JOB: Stock boy at Sears

WHAT MAKES ME HAPPIEST: Family and NASA

MY MOST VALUED POSSESSION: Joy

HOW I BALANCE MY WORK AND PERSONAL LIVES: By being fully present in both for all activities and interactions and not allowing artificial urgency to encroach from one to the other

TRAIT I MOST ADMIRE IN OTHERS: Caring

IF I HAD A TIME MACHINE, I’D MEET: My maternal grandfather. He was a pathfinder in a difficult time, and I would love to hear his perspectives about then and now.

NEW LIFE EXPERIENCE: Our first grandchild was born in 2022, and he is the newest light of our lives.

FAVORITE APP: Photos (1,200 of grandbaby and counting), Buffalo Bills app and airlines apps.

DID YOU KNOW? A 30-year NASA veteran, Turner has led NASA’s Langley Research Center, where scientists are working to send astronauts back to the moon and prepare for the manned mission to Mars, since 2019. He is a 1990 graduate of the Rochester Institute of Technology and started as a design engineer at NASA. Turner leads 3,400 scientists, researchers and staff.

For more information about Turner and hundreds of Virginia’s other top executives in business, government, nonprofits and education, see Virginia Business’ exclusive annual Virginia 500 power list issue.

February 2024 FOR THE RECORD

Central Virginia 

A halal meat business, 5 Pillar Meats, will invest more than $1.7 million to build an abattoir and red meat processing facility in Prince Edward County, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Dec. 28, 2023. The nearly 3,000-square-foot facility will be located on a 3-acre site in the Prince Edward County Business Park in Farmville and will provide processing services for Southside Virginia livestock producers, focusing on beef, lamb and goats. The company is an extension of Green Bay-based Abdus-Sabur Farms. (VirginiaBusiness.com)

Cooperative Electric Energy Utility Supply, a South Carolina-based wholesale electrical distributor serving cooperatives, municipalities and investor-owned utilities, plans to invest $37 million into a new 187,000-square-foot warehouse and distribution facility in Hanover County, creating 30 jobs, Gov. Glenn Youngkin announced Dec. 21, 2023. CEEUS supplies electric cooperatives with materials and equipment and provides services such as repairing tools and testing rubber goods. The wholesaler’s retrofitted shell building in Hanover will be operational beginning in the first quarter of 2024, said Jennifer Howell, CEEUS’s director of human resources and loss control. (VirginiaBusiness.com)

The Henrico County Board of Supervisors on Dec. 12, 2023, greenlit Kinsale Center, a $450 million redevelopment project in the Willow Lawn area from insurance company Kinsale Capital Group and Richmond-based Marchetti Development. The mixed-use development is expected to bring nearly 700 residences, an eight-story hotel, 32,300 square feet of retail and 345,000 square feet of new office space to the 29-acre former Elevance Health (formerly Anthem) campus at the northeast intersection of West Broad Street and Staples Mill Road. Two office buildings are already on the site. (VirginiaBusiness.com)

Hotel operator Shamin Hotels reached an agreement with the Chesterfield Economic Development Authority to relocate a proposed $75 million Hilton hotel and conference center from Stonebridge to the adjacent Springline at District 60 mixed-use development underway on Midlothian Turnpike off Chippenham Parkway. The Chesterfield County Board of Supervisors approved the move during its Dec. 13, 2023, meeting. The hotel’s proposed 12-story design includes 260 rooms, 20,000 square feet of conference space, a second-floor outdoor terrace and a rooftop bar. Shamin initially struck a deal with the county to place the hotel at Stonebridge in 2019.
(Richmond Times-Dispatch)

When University of  Virginia President Jim Ryan met with the university’s board of visitors on Dec. 8, 2023, he suggested
that U.Va. organize a committee to devise a set of guidelines that would help him determine if and when to respond to current events that happen outside the university community, and the board agreed. As of late December, U.Va. didn’t have details on how committee members would be selected. Ryan’s suggestion followed congressional committee hearings with the presidents of Harvard University, the University of Pennsylvania and the Massachusetts Institute of Technology regarding the rise in antisemitism on their campuses. Those hearings led to the resignations of Harvard’s and Penn’s presidents. (The Daily Progress)

PEOPLE

Arko has named Robert E. Giammatteo as its chief financial officer and executive vice president. The Henrico County-based Fortune 500 company, one of the nation’s largest convenience store operators and fuel wholesalers, announced Giammatteo would start his new role Jan. 2, 2024. He is also serving as CFO of Arko subsidiary GPM Investments. Giammatteo takes the place of retiring Arko CFO Don Bassell, who has spent 17 years with the company and will stay on until April to assist with the transition. Giammatteo joins Arko from Pittsburgh-based grocery chain Giant Eagle. (VirginiaBusiness.com)


Easteren Virginia 

With the clock ticking on HeadWaters Resort & Casino’s statutory requirement to open a permanent resort casino by November 2025 — five years after Norfolk voters approved it — the developer in December 2023 submitted new plans to the City of Norfolk, aiming to start construction in spring 2024. Instead of building the $500 million casino and resort in two phases with a gap between each phase, plans call for the development to be constructed continuously with the casino opening while the hotel, spa and other parts are still under construction. The casino and resort would also no longer be on the Elizabeth River waterfront and would have a smaller footprint. (VirginiaBusiness.com)

A manufacturer of modular housing once touted by officials as a way to combat the affordable housing crisis canceled plans in December 2023 to build a Newport News factory, according to city and company officials. More than two years after the announcement, Idaho-based indieDwell pulled out of plans to spend more than $2 million to build a steel modular housing factory at 520 21st St., Newport News Assistant Development Director Derek Perry said. The facility would have added 220 jobs. Development officials worked with the company after the announcement to find a financing structure for the facility, but increases in building costs and interest rates caused the deal to fall through, Perry said. (Daily Press)

The budget proposed by Gov. Glenn Youngkin for the next two fiscal years includes $74 million for Norfolk’s massive coastal storm project. The project has been in the works for nearly 10 years. It was developed in the wake of analysis about areas vulnerable to coastal storms directed by Congress after Hurricane Sandy. It features pump stations, tide gates, surge barriers and a floodwall that will wrap around the riverfront from near the Campostella Bridge to Lambert’s Point. The project, in partnership with the U.S. Army Corps of Engineers, will cost a total of about $2.6 billion. (WHRO)

Pharrell Williams’ Something in the Water festival will not be held in April during the traditional College Beach Weekend as in years past, according to Virginia Beach. A new festival will take its place April 26-28. Audacy Virginia plans to host pop and rock concerts at 31st Street on the beach. According to a city planning presentation in December 2023, Something in the Water may be held in October. 
(The Virginian-Pilot; WAVY)

A plan to double the size of a natural gas pipeline in Hampton Roads now has approval from regulators despite opposition from environmental groups. The expansion, called the Virginia Reliability Project, would dig up, replace and double the size of two sections, or about 48 miles, of Columbia Gas pipeline between Chesapeake and Petersburg. The company said the project will provide a large one-time boost to the regional economy. According to economic analysis from TC Energy, the construction phase of the project would support 3,635 jobs, more than $500 million in economic output, $7.7 million in local tax revenue and $8.6 million in state tax revenue. (The Virginian-Pilot)

PEOPLE

​Groundworks hired Michael Mullican as its chief financial officer, the Virginia Beach-based foundation and water management solutions company announced in early January. Mullican succeeds Stephen Fry, who will retire at the end of March. Mullican was previously president and CFO of Texan sporting goods retailer Academy Sports + Outdoors, where he also served as executive vice president and general counsel during his six years’ tenure and led efforts to take the company public. Founded in 2016, Groundworks’ brands have 60 offices and more than 4,500 employees. (VirginiaBusiness.com)


Northern Virginia 

Five years after choosing Arlington County as the home of its second headquarters, Amazon.com has secured its place as the county’s top private employer, leapfrogging a pair of mainstays. The e-commerce and cloud computing giant, which opened its first two HQ2 towers in June 2023, was listed behind the federal government at No. 1 and the county government and Arlington Public Schools at No. 2 for fiscal year 2023. HQ2’s employee headcount stood at 8,000 as of late December 2023. (Washington Business Journal)

Nearly a week after a four-foot wall panel blew out of a Boeing plane cabin midair, exposing Alaska Airlines passengers to open air at 16,000 feet, the Federal Aviation Administration formally notified the Arlington County-based aerospace giant Jan. 10 that it will investigate the company’s potential role in the incident and whether it failed to ensure its products were in safe operating condition. President and CEO Dave Calhoun said the company will cooperate fully with the FAA investigation. (VirginiaBusiness.com)

Virginia State Sen. David Marsden, D-Fairfax, reintroduced legislation for the 2024 General Assembly that would let Fairfax County hold a referendum on building a casino. He introduced similar legislation last year that went nowhere. But this year’s bill envisions a convention center, concert hall, hotel and other amenities in Tysons, but the legislation would allow the county to pick a site anywhere near one of the Silver Line Metro stations, including Reston. Meanwhile, the City of Petersburg will also ask the state legislature for permission to hold a referendum to build its own casino. (Associated Press)

Stafford County supervisors unanimously approved a data center performance agreement with Amazon.com on Jan. 2. The agreement pertains to the Potomac Church Tech Center, two data center buildings planned on 50 acres off Old Potomac Church Road, near U.S. 1 and Stafford Hospital, expected to bring in $251 million in total tax revenue over the next 25 years. The agreement also will cover any future campuses, including a second, undetermined site that is expected to generate three times more revenue than the Potomac Church Tech Center. (The Free Lance-Star)

As of late December 2023, 11 Democrats and two Republicans were seeking their party’s nomination in June, hoping to succeed U.S. Rep. Jennifer Wexton, D-Loudoun County, in the state’s 10th Congressional District. Wexton announced last year that she is not seeking reelection for health reasons. Among Democrats, former Virginia House speaker Eileen Filler-Corn and Del. Dan Helmer are both prodigious fundraisers from Fairfax County. The two Republican contenders — Brooke Taylor and Mike Clancy — both ran for Wexton’s seat in 2022. The district is anchored in Loudoun but stretches into Fairfax, Prince William, Fauquier and Rappahannock counties. (The Washington Post)

PEOPLE

Ashburn-based DXC Technology replaced its chairman, president and CEO, Mike Salvino, with interim President and CEO Raul Fernandez. The Fortune 500 IT company announced the move Dec. 20, 2023. Salvino served as president and CEO since 2019 and as board chairman since 2022, and Fernandez has been a member of DXC’s board of directors since 2020. He is also vice chairman and co-owner of Monumental Sports & Entertainment, which owns the Washington Capitals and the Washington Wizards. (VirginiaBusiness.com)

In January, a day after his team fell to the Dallas Cowboys to finish the season 4-13, Washington Commanders owner Josh Harris fired coach Ron Rivera. He’s enlisted former Golden State Warriors general manager Bob Myers and former Minnesota Vikings GM Rick Spielman to advise in the searches for a new head of football operations and coach. (The Washington Post)


Roanoke/ New River Valley

A customer of Berglund Automotive says he and about 51,000 others were the victims of a data breach at car dealerships that collected their personal information. The total amount of losses could exceed $5 million, according to a lawsuit filed in mid-December 2023 in U.S. District Court in Roanoke. The 49-page document accuses Berglund of failing to take adequate steps to prevent its system from being hacked. Berglund has about 20 locations in Roanoke, Lynchburg, Bedford and Salem. It was not clear if the breach affected customers at all of the dealerships. (The Roanoke Times)

State regulators are proposing that a Botetourt County automotive parts manufacturer pay a civil charge of $227,790 after they say the company released too much hydrochloric acid into the air over a period of several years. Under the Virginia Department of Environmental Quality’s proposed consent order, Dynax America also would have to submit a plan by June 1 explaining how it will bring its factory in the county’s EastPark Commerce Center into compliance with required emissions limits. (Cardinal News)

Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced in late December 2023. The expansion will meet increased demand for servicing existing nuclear power plants and developing solutions for advanced and small nuclear reactors. At the end of October 2023, Framatome had 1,350 employees in Lynchburg, where it has had a presence since 1989. Framatome designs, services and installs components, fuel and instrumentation and control systems for nuclear power plants worldwide. (VirginiaBusiness.com)

LewisGale Hospital Montgomery will temporarily suspend obstetrics services for women during pregnancy and childbirth, effective April 1, a hospital spokesperson said Jan. 3. Amid a national shortage of health care workers, recruiting full-time providers at the Blacksburg facility has been challenging in recent years, leading to the decision to discontinue services. It’s not clear how many babies are typically delivered in a year at the facility. LewisGale is part of HCA Healthcare, one of the largest for-profit health systems in the United States with hundreds of hospitals and clinics across the country. (Cardinal News)

Plans are in motion to bring Roanoke its first large-scale affordable housing development in 20 years. And it’s going to take a lot more to fill the need for those living spaces, officials said. The Roanoke Redevelopment and Housing Authority recently acquired
12.2 acres at the intersection of Peters Creek Road and Shenandoah Avenue Northwest for $1.04 million, according to city documents. Housing Authority Executive Director David Bustamante said the plan in coming years is to provide housing for at least 86 low-income families there. (The Roanoke Times)

PEOPLE

G. Michael “Mike” Pace Jr., a longtime managing partner of Roanoke’s Gentry Locke Attorneys law firm and a Virginia Bar Association president, died Jan. 8 at age 66 after a long illness. A graduate of Washington and Lee University’s law school, Pace started at Gentry Locke in 1983 and served as its second managing partner from 1999 until 2012. He was Roanoke College’s first general counsel and a trustee for his alma mater, Hampden-Sydney College. (VirginiaBusiness.com)


Shenandoah Valley 

Several dozen landowners in the Mauzy area of Rockingham County have drafted the county’s first ag-forestal district — composed of a collection of landowners who volunteer parcels to be part of a rudimentary conservation agreement — proposal to go before the board of supervisors in over 15 years. Under state law, the district must have a “core” of 200 acres. The Mauzy Ag-Forestal District proposal will go before the county’s agriculture advisory committee, the Rockingham County Planning Commission and the county’s board of supervisors. The planning commission will hold a public hearing on March 5. (Daily News-Record)

The State Council of Higher Education for Virginia provided Laurel Ridge Community College an $85,500 grant in early December 2023 to implement the mikeroweWORKS Foundation’s Work Ethic Certification curriculum into various trades programs. The grant will fund two instructors at the college who will dedicate part of their time to the MRW curriculum, developed by “Dirty Jobs” cable TV show star Mike Rowe. Participants complete 12 one-hour workshops based on statements of the S.W.E.A.T. (Skills and Work Ethic Aren’t Taboo) Pledge. Blue Ridge and Patrick Henry community colleges also received SCHEV funding for the certification curriculum. (The Northern Virginia Daily)

Valley Health and Anthem Blue Cross and Blue Shield agreed on a new contract keeping the Winchester-based health system’s services in-network with Anthem through 2028, Valley Health announced Dec. 20, 2023. Valley Health would have been out of network for approximately 55,000 Anthem patients who receive care annually at its facilities if the companies had not reached an agreement. Their previous contract had an expiration date of Dec. 31, 2023, which was extended through March 2024 because of active contract negotiations. In April 2023, Valley Health and Anthem reached an undisclosed settlement in the health system’s suit against the health insurance company over unpaid claims. (The Winchester Star)

The Virginia Department of Corrections announced Dec. 15, 2023, that it would close four facilities across the state, including Augusta Correctional Center in Augusta County. The facility, which opened in 1986, will close on July 1. The Augusta center had serious problems keeping sufficient staff, according to Harvey Yoder, chair of the Harrisonburg-based Valley Justice Coalition. The DOC said in a news release it has begun working with staff to find job placement opportunities within the agency. For correctional officers looking to stay in the area, the Rockingham County Sheriff’s Office is hiring. (Daily News-Record)

The Warren County Planning Commission reviewed a proposal for a five-story, 107-bedroom hotel on Cedar Park Court in its Dec. 13, 2023, meeting. L1 Investments owns the property, and Bela Hospitality 2 plans to design, build and operate the hotel. The hotel will require a conditional use permit, because its proposed height of 62 feet exceeds the county’s 40-foot height limit, as well as a rezoning of the site. The planning commission planned to hold public hearings on the rezoning and conditional use permit applications at a future meeting. (The Northern Virginia Daily)

Representatives of investment group Winchester Acquisition Partners and Winchester Planning Director Timothy Youmans presented plans for the Ward Plaza shopping center redevelopment to the city planning commission on Jan. 2. Winchester Acquisition Partners purchased the vacant center on Valley Avenue for $10 million on June 1, 2023. The group plans to create a 22-acre walkable, mixed-use development with a 53,385-square-foot grocery store, 448 residential units and 75,026 square feet divided between offices and retail stores. The residential units would be composed of 231 units in two high-rise buildings, 152 apartments in 76 two-story buildings and 65 three-story townhouse units. (The Winchester Star)


Southern Virginia 

The temporary Caesars Virginia casino in Danville reported about $19.7 million in revenue for December 2023, up from $17.5 million in November 2023. That total includes $14.2 million from slots and $5.4 million from table games, according to the Virginia Lottery. The casino collected $3.5 million in taxes. Virginia’s gaming revenues from casinos in December 2023 totaled $58.5 million, according to the lottery. (VirginiaBusiness.com)

Henry County’s decadelong drought of new shell building construction will come to an end following the announced effort to erect one by 2025. The proposed building will be the culmination of an agreement between county officials and South Carolina-based Marlboro Development Team to construct an additional facility at the Patriot Centre Industrial Park. This will be the first time Henry County has partnered with a private company to build and promote an industrial building. Marlboro will foot the cost of construction and maintain ownership of the building. (Cardinal News)

Movement Bank, a Danville financial institution founded in 1919 by nearly two dozen Black community leaders, left its downtown home in January. The bank relocated its headquarters from 201 N. Union St. to 1296 Piney Forest Road. The new space opened Jan. 22. “This strategic relocation allows us to optimize our operations, embrace new opportunities and continue our mission of positively impacting the lives of the people we serve,” Michael Whitehead, president of Movement Bank, said. Movement Bank started as Savings Bank of Danville and was later called First State Bank, known as the last remaining Black-owned bank in Virginia. (Danville Register & Bee)

The companies behind MVP Southgate, a proposed natural gas pipeline extension from Southern Virginia into North Carolina, said in early January they will significantly reduce the route’s planned length and no longer hope to build a new compressor station in Pittsylvania County. Under a new plan, the proposed extension of the larger Mountain Valley Pipeline would run out of Pittsylvania County for 31 miles to natural gas delivery points in Rockingham County, North Carolina, instead of 75 miles into Rockingham and Alamance counties. The compressor station proposal already had faced a major setback after the Virginia Air Pollution Control Board denied it a permit in 2021. (Cardinal News) 

A company that restores classic cars will expand its Pittsylvania County operation by investing $3 million and creating 30 new jobs in the process. The Pittsylvania County Industrial Authority announced in late December 2023 that KTL Restorations had entered into a lease-to-purchase agreement for a 12,000-square-foot building owned by the IDA at 2311 Cane Creek Parkway in the Ringgold East Industrial Park. The plan is to start upgrades on the building early this year and be in operation by the middle of 2024. (Danville Register & Bee)

PEOPLE

Linda Green, vice president of economic development for the Danville-based Institute for Advanced Learning and Research, as well as executive director of the Southern Virginia Regional Alliance, is the new president of the Virginia Economic Developers Association. The Virginia Beach-based nonprofit, nonpartisan association announced its new slate of officers and directors in late December 2023. The board has five officers and nine directors who serve three-year terms, with officers typically progressing through the positions of secretary, treasurer, vice president and president. The association, which represents local, regional and state economic development professionals, has more than 500 members. (VirginiaBusiness.com)


Southwest Virginia 

Dickenson County will have a second residential substance use disorder treatment facility run by Kentucky-based Addiction Recovery Care, but for women, the county announced in a Dec. 13, 2023, news release. The Industrial Development Authority of Dickenson County entered into an agreement with Southwest Properties to develop and finance the facility, which will be at the former Ervinton Elementary School in Nora. The 49,500-square-foot school was built in 1935, and the facility, which will be open to all women, is expected to open by late December 2025. (Cardinal News)

On Dec. 15, 2023, the Appalachian Highlands Community Dental Center celebrated the completion of its renovated and expanded clinic in Abingdon with a ribbon cutting ceremony. The center started the $1.69 million renovation project in early 2023. The formerly 3,800-square-foot dental clinic is now 8,000 square feet and has 14 new dental operatories, a new waiting room, a larger sterilization area and a new lab. The center anticipates a 25% increase in patient visits in the first year as a result of the expansion. (Bristol Herald Courier)

Goat milk products maker Bates Family Farm will invest roughly $1 million to relocate its manufacturing facility to a Russell County-owned building in Lebanon, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Dec. 27, 2023. The Russell County-based manufacturer will move its skin care products manufacturing from a roughly 4,000-square-foot building on the farm to the 40,000-square-foot former Acme grocery store building, according to company co-founder and CEO Joseph “Joe” Bates. Bates Family Farm will then convert its current manufacturing building into a creamery to expand its dairy operation within a year to 18 months, producing bottled goat milk and cheeses. (VirginiaBusiness.com)

Gov. Glenn Youngkin proposed $35 million in state funding to assist with remediation efforts at Bristol, Virginia’s landfill in mid-December 2023 as part of his proposed biennial budget. The $35 million would be part of the $500 million Youngkin has proposed in conservation funding. City leaders have tried to secure state funding to assist with landfill costs for more than a year. This funding would be used for financial commitments the city made to comply with the consent decree it entered into with the Virginia Department of Environmental Quality and the state attorney general, according to a statement from the city. (Bristol Herald Courier)

The Virginia Coalfield Economic Development Authority recognized six small businesses for job creation during a Dec. 14, 2023, luncheon. The businesses were the largest job creators in their respective calendar year classes of VCEDA’s seed capital program, collectively creating 44 full-time and 54 part-time jobs in their first and second years of reporting. For the 2017 class, Tazewell County-based Foxtail Orchards Cabins and Campgrounds created the most jobs; from 2018, Tazewell-based Bargain Mart; from 2019, Curklin’s in Wise County; from 2020, Tazewell-based Valley Animal Clinic; from 2021, Wise County-based Black Bear BBQ; and from 2022, Wise County-based Far Fetched Grooming. (News release)

In a Dec. 14, 2023, meeting, the Virginia Coalfield Economic Development Authority approved an up to $700,000 grant for the Wise County Industrial Development Authority to help develop the Elam Farm property adjacent to the Lonesome Pine Regional Business and Technology Park. The grant will assist with site development and access road construction, part of the first phase of developing the site. The county plans to grade 65 acres of the approximately 200-acre property to create a pad-ready site, allowing a company to quickly begin construction on that acreage. In August 2023, the Virginia Department of Energy granted the IDA $1.7 million for the site’s development. (The Coalfield Progress)


 

Top Five February 2024

The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2023, to Jan. 15 were led by the announcement that Fortune 500 IT company DXC Technology replaced its top executive.

Interim DXC CEO Raul Fernandez. photo courtesy DXC Technology

1   |   DXC Technology replaces Mike Salvino

The Ashburn-based company replaced Salvino, its chairman, president and CEO, with interim President and CEO Raul Fernandez. (Dec. 20, 2023)

2   |   Trucking company plans $50 million facility in Botetourt

Michigan-based Universal Logistics Holdings is planning a $50 million expansion into Botetourt County, which is expected to create
45 jobs.
(Jan. 3)

3   |   Lynchburg and Danville law firms to merge

Petty, Livingston, Dawson & Richards in Lynchburg and Southern Virginia Legal (SoVa Legal) in Danville merged to become PLDR Law, beginning Jan. 1. (Dec. 27, 2023)

4   |   Virginia Credit Union, Member One announce merger

Chesterfield County-based Virginia Credit Union and Roanoke-based Member One Federal Credit Union announced plans to merge and create the state’s third largest credit union. (Jan. 11)

5   |   Norfolk HeadWaters casino could break ground in spring 2024

The HeadWaters Resort & Casino’s developer has submitted new plans to the City of Norfolk, aiming to start construction in spring 2024. (Dec. 19, 2023)

HeadWaters Resort & Casino, which is planned for Norfolk, has to meet a deadline of November 2025 to open. Rendering courtesy HeadWaters Resort & Casino;

Out & About February 2024

1. Arlington County Board Chair Christian Dorsey (L) received the Metropolitan Washington Council of Governments’ Elizabeth and David Scull Metropolitan Public Service Award on Dec. 13, 2023, presented by D.C. Council member Robert C. White Jr. and COG Executive Director Clark Mercer (R). Photo courtesy COG.  2. Dr. Joseph Moskal, Carilion Clinic’s chair of orthopaedic surgery and a senior vice president, spoke at the Jan. 10 opening of four additional operating rooms at Carilion Roanoke Community Hospital. Photo courtesy Carilion Clinic.  3. Federal Reserve Bank of Richmond President and CEO Tom Barkin addressed attendees of the 2024 Financial Forecast event co-hosted in Richmond on Jan. 11 by the Virginia Bankers Association and Virginia Chamber of Commerce. Photo by Caroline Martin Bookbinder, courtesy VBA.  4. L to R: Hampton Roads Workforce Council President and CEO Shawn Avery, Newport News Mayor Phillip Jones, Gold Key|PHR CEO Bruce Thompson, Gov. Glenn Youngkin, Jo-Kell owner and CEO Suzy Kelly, then-state Sen. Tommy Norment and Hampton Roads Chamber President and CEO Bryan K. Stephens attended the Nov. 29, 2023, Bravo! A Celebration of Leadership event, where Avery, Jones, Thompson, Kelly and Norment received regional leadership awards. Photo courtesy HR Chamber.  5. L to R: Ashley Chittum, a business relationship specialist with Farm Credit of the Virginias; Sharon Ratzsch with Verona Community Food Pantry; VCFP President Cecil Wright; VCFP Executive Director Ike Moore; Valerie Moore, a FCV loan officer; and Susanne Mahmoodian, FCV business service specialist, hold a check representing FCV’s $830 donation to the food pantry on Dec. 11, 2023. Photo courtesy FCV.