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“Congress is looking at ways to raise additional revenue and taxes and ultimately [may] discourage people from investing in IRAs,” says Jeff Grinspoon, managing director and partner of VWG Wealth Management at Hightower Advisors in Vienna. Photo by Will Schermerhorn
Nov 19, 2021

Supersize means

Watch your nest egg, particularly if it is extra-large. As Congress scrambles to hike taxes on the wealthy and fund trillions of dollars in social spending, legislators see a potential goldmine in so-called mega individual retirement accounts. Mega IRAs, defined as individual retirement accounts containing at least $5 million, a[...]

Work is underway on Metropolitan Park, the first phase of Amazon.com Inc.’s HQ2 headquarters in Arlington. Photo courtesy Clark Construction Group LLC
Oct 28, 2021

Amazon HQ2 budget, square footage are growing

Nearly three years after Amazon.com Inc. tapped Arlington as the home for its multibillion-dollar East Coast headquarters, construction is well underway, with the global e-tailer already hiring more than 3,000 Amazon HQ2 employees. Since the project was announced, three numbers have stood out: 25,000 jobs, 4 million square feet [...]

A rendering of Virginia Tech’s Data and Decision Sciences building Rendering courtesy Virginia Tech
Oct 28, 2021

Va. Tech complex to house biz programs

Fall visitors to Virginia Tech are likely to spot laborers hard at work on the university’s Data and Decision Sciences building, the first of four buildings that will make up the university’s Global Business and Analytics Complex (GBAC) — classroom and living spaces centered around using data to address problems facing bus[...]

Oct 28, 2021

Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey interviews

HAMPTON ROADS Richard E. Groover, CPA Shareholder | Wall, Einhorn & Chernitzer PC Norfolk What local industries/sectors do you think have potential for growth? Continued growth around the Port of Virginia and green energy. … Entrepreneurs and local leaders have made substantial investments to tee up this area as part o[...]

Oct 28, 2021

Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey results

  Read more: Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey interviews and post-pandemic work models

BlackSky CEO Brian E. O’Toole (center) and other company executives celebrate their company’s Sept. 10 initial public offering by ringing the opening bell at the New York Stock Exchange a few days later. Photo courtesy BlackSky Technology Inc.
Oct 28, 2021

SPAC-ulative finance

One of the hottest investment tools in the past year and a half has imploded. But don’t give up on special purpose acquisition companies, or SPACs as these peculiar financial structures are called, industry experts say. Also called blank-check companies, SPACs are here to stay, but not necessarily at the high-flying levels of [...]

Jack Ezzell Jr., CEO of Zel Technologies LLC, and Angela Reddix, CEO of ARDX, discussed leadership and corporate social responsibility during the second installment of the Diversity Leadership Series sponsored by Virginia Business and Bank of America. Photo by Kristen Zeis
Oct 28, 2021

Getting ahead, giving back

Brought to you by Virginia Business and Bank of America, join us every other month for the Diversity Leadership Series — virtual fireside chats with a diverse group of Virginia business leaders sharing their insights and thoughts on leadership, their career paths and diversity and equity. The second installment in our series t[...]

LaToya Jordan with the Virginia Auditor of Public Accounts has been largely working from home since the pandemic began. Photo by Matthew R.O. Brown
Oct 28, 2021

Remote possibilities

Before the coronavirus pandemic, LaToya Jordan regularly missed small moments in her children’s lives — like seeing her young son getting off the bus each day. She commuted to downtown Richmond or to a client site and arrived home after her children. The state agency where she works allowed telecommuting one day a week, and [...]

Bernie Niemeier. Photo by Caroline Martin
Oct 28, 2021

Higher values

About 30 years ago, I was a volunteer for a local group of marketing professionals that was launching its Marketer of the Year awards. Publicity was needed. Working in marketing at the local paper, the task fell to me to pitch the event to the newsroom. In those days, the news business was fairly balkanized; […]

L to R: Brothers Talbot, Tanner, Jake and Abner Johnson started Elkton-based Pure Shenandoah, a hemp processing and CBD products manufacturing company, in 2018. Photo by Scott Elmquist
Oct 28, 2021

The color of money

A dusty floor, lumber piles and strewn tools mark the signs of active construction in the future showroom of Pure Shenandoah LLC. CEO Tanner Johnson stands in the front room of the historic, renovated Casey Jones building in Elkton and describes the experience of a future customer. “You’ll come in right here to a cool [&hell[...]

Breeze Airways shows potential for growth, says Norfolk International Airport’s Charles Braden. Photo by Mark Rhodes
Oct 28, 2021

Breeze Airways takes off in Norfolk

Breeze Airways has been flying out of Norfolk International Airport less than six months, but the startup is steadily attracting passengers eager to satisfy their pent-up wanderlust. Founded by aviation entrepreneur David Neeleman, the Salt Lake City-based airline began offering nonstop, low-cost flights out of 16 cities last sp[...]

Peter Denbigh co-founded the Staunton Innovation Hub, a coworking space attracting entrepreneurs. Photo by Norm Shafer
Oct 28, 2021

Inspiration strikes in coworking space

It’s ironic that the Staunton Innovation Hub, a coworking center, opened its largest phase amid a global pandemic that sent many workers home, away from shared workspaces. “The pandemic certainly created its own set of challenges in terms of opening a coworking space,” says Peter Denbigh, who founded the hub with his ex-wi[...]

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