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Higher gas prices are needed
The U.S. inflation rate, which reached 8.6% in May, is at its highest point in 40 years. In 1982, it was just over 6%. Since then, the U.S. inflation rate has hovered mostly in the 2% to 4% range. The inflation rate is determined by changes in the cost of a fixed basket of 80,000 […]
Virginiabusiness.com Top Five July 2022
The top trending major business stories on VirginiaBusiness.com from May 13 to June 14 were led by the news that one of the three Frank Lloyd Wright-designed homes in Virginia was put on the market. 1 | Virginia Beach’s Frank Lloyd Wright house listed for sale Completed in 1959, the 3,020-square-foot, semicircular home on Crystal […]
Balancing act
The Virginia General Assembly returned to a familiar configuration in 2022, legislating with a Republican-majority House of Delegates and Democratic-controlled Virginia Senate for the seventh time since 2000. But while the partisan split was old hat, much else about the session was new, taking place two years into the global COV[...]
JEN FLINCHUM
Before video conferencing existed, Jen Flinchum was a trailblazer for remote work. Women made up a small portion of the professional accounting workforce in the 1990s, and she wanted to change that. Flinchum joined Keiter CPAs, a certified public accounting firm, in 1999 and is now a partner specializing in tax planning and comp[...]
Home improvement
Affordable housing isn’t the first thing that comes to mind when you think of the University of Virginia. But it’s top of mind for U.Va. officials who have pledged to support the development of 1,000 to 1,500 affordable housing units in Charlottesville and Albemarle County over the next decade. To jump-start the effort, U.Va[...]
Back to work
Although the nation’s commercial real estate market is still lagging for the most part, that isn’t the case in Charlottesville, where fresh new multiuse projects have perked up interest in workspaces. The nationwide vacancy rate for office space in the first quarter of 2022 was a rather dreary 15.7%, according to Yardi Matri[...]
Running on empty
First, doctors say they’re sorry for calling. Dr. Allison Cotton, a psychiatrist in Reno, Nevada, co-founded the national Physician Support Line in March 2020 to provide peer mental health support to physicians. She says their impulse to apologize shows the need for the service. “They’re apologizing for using a resource wh[...]
E&H course demystifies blockchain for businesses
Business professionals will join Emory & Henry College students this summer for a course that will suggest how blockchain technology can help entrepreneurs, ultimately aiding development in Southwest Virginia. A collaboration between E&H’s School of Business, InvestSWVA and William & Mary’s Global Research Instit[...]
Top Five stories, June 2022
The top trending major business stories on VirginiaBusiness.com from April 15 to May 14 were led by news of the merger of Roanoke-based Woods Rogers PLC and Norfolk-based Vandeventer Black LLP. 1 | Woods Rogers, Vandeventer Black law firms to merge July 1 Woods Rogers Vandeventer Black will be the state’s fifth-largest firm, with a […]
Ad agency spotlights historic editor, businessman
The life of 19th century Richmond Planet newspaper editor John Mitchell Jr. — who fearlessly railed against lynching and segregation — will be showcased in a documentary debuting at the 11th annual Richmond International Film Festival on June 10. Mitchell became editor of the Richmond Planet at 21, two years after the paper�[...]
‘The world is behind them’
In late March, Stanislas Vilgrain drove in a convoy of eight trucks from France to Ukraine for 26 hours through a snowstorm, keeping an ear to the radio for news of Russian attacks, The convoy’s mission: to deliver 400,000 meals to Ukrainians from Vilgrain’s Sterling-based business, Cuisine Solutions. The French-born chairma[...]
Hershey plant unionization effort continues
Despite a resounding defeat, organizers are still fighting to unionize The Hershey Co. plant in Stuarts Draft. In late March, about 79% of the plant’s workers voted against unionizing at Hershey, the largest employer in Augusta County with nearly 1,500 workers. But while that battle might be over, the war is not, according to [...]
