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The annotated Powell Memo
The Powell Memo has been described as “a call to arms for corporations” and “a corporate blueprint to dominate democracy.” On the 50th anniversary of the controversial memorandum penned by Virginia lawyer (and future U.S. Supreme Court Justice) Lewis Powell Jr. for the U.S. Chamber of Commerce, Virginia Business reprints the memo in its entirety, […]
Now shed of wireless assets, Shentel embraces broadband
Shenandoah Telecommunications Co., or Shentel, sold its wireless assets in July to T-Mobile USA Inc. for $1.94 billion, leaving the Edinburg-based company with approximately $1.25 billion in proceeds after paying off outstanding loans and ending contracts. The sale is an outgrowth of Shentel’s former wireless affiliate contrac[...]
AUGUST 2021 FOR THE RECORD
Roanoke/New River Valley Three off-campus housing complexes in Blacksburg geared toward Virginia Tech students were sold for $146 million in a deal announced by Berkadia in late June. The buyer, California-based Reliant Group, added the portfolio to its earlier purchase of another student housing property near Virginia Tech. A Reliant Group-connected LLC purchased Hunters Ridge, […]
In the bag
Large Business | John C. Zeheb, CFO Ukrop’s Homestyle Foods LLC, Richmond When John C. Zeheb landed his first job bagging groceries at a Ukrop’s supermarket at age 16, he certainly didn’t think it would lead to a career. “At the time, I would never have imagined that,” says Zeheb, vice president and chief financial [&h[...]
State pushes broadband expansion into overdrive
Early in his administration, Gov. Ralph Northam proposed an ambitious goal: achieving universal broadband connectivity statewide by 2028. In May and July, Northam and General Assembly leaders announced plans to speed up that timeline; instead, they aim to deliver broadband to most of Virginia in 18 months using $700 million from[...]
Danville’s White Mill gets second chance
The $62.5 million, first-phase redevelopment of Danville’s White Mill into a mixed-use commercial and residential project on the Dan River marks a new beginning for the former textiles factory that was the most visible symbol of the city’s economic decline. “It has become an eyesore and a reminder of the loss of our major [...]
Hot time, summer in Virginia
Thus far, we’ve been spared from the heat wave that gripped Oregon, as well as the drought hitting California, not to mention western wildfires. But summer is still always a hot time here in Virginia. Looking back, it wasn’t until 1968 that the commonwealth passed liquor-by-the-drink legislation. In addition to slaking thirs[...]
Slam dunk
Small Nonprofit | Kim L. D’Errico, CFO Special Olympics Virginia, Richmond When Rick Jeffrey was coming on board as president of Special Olympics Virginia in 2000, Kim L. D’Errico was his first hire. If you ask him, he’ll say it was a good one. D’Errico was seeking a change from the large public accounting firm […[...]
Richmond to host North American offshore wind conference
The Business Network for Offshore Wind’s International Partnering Forum (IPF) — North America’s largest offshore wind conference — will be held in Richmond Aug. 24-26. The forum will connect global industry leaders to businesses in Virginia and beyond that support the construction and operation of offshore wind farms. Wi[...]
2021 Virginia Business Site Locator
Welcome to the 2021 Virginia Business Site Locator Guide! Inside you’ll learn how Virginia stacks up, how Virginia companies rank and learn about big deals in all regions of the commonwealth. The guide includes: A list of Virginia companies on the Fortune 500 list Lists of public universities and colleges A list of big deals […]
Free space
Six hundred. That’s how many Advance Auto Parts employees are bidding adieu to their desks, cubicles, printers, water coolers and commutes in Roanoke, the city where the company was founded in 1932. The giant auto parts retailer won’t be bringing back employees to its 275,288-square-foot office space at Crossroads Mall. They[...]
2021 Virginia CFO Awards List of Nominees
Read about the 2021 Virginia CFO Award winners.
