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A bigger piece of the pie
For the past 15 years, Vibhaa Vermani has led a successful woman-owned small government contracting business, providing integrated technical solutions and services to numerous U.S. government agencies, including the Department of Defense and the Internal Revenue Service. Vermani’s Virginia Beach-based company, Chitra, is one o[...]
Teamwork makes dreams work
Talk with researchers a few minutes, and they’ll explain how many stages it takes for an idea to become a medical treatment, and for the treatment method to be tested, approved and brought to market. In many cases, it can take several years. Founded in June 2020, the Hampton Roads Biomedical Research Consortium is a […]
Answering local needs
Since it began offering inpatient psychiatric care at its $224 million Children’s Pavilion last October, Children’s Hospital of The King’s Daughters has admitted 500 patients, according to Dr. Carl Petersen, chief of mental health services at CHKD. One in five children are estimated to have a mental health condition, accor[...]
Bridgewater College renovates main academic building
Bridgewater College students will notice dramatic changes in Bowman Hall when they return to campus on Oct. 4 after the fall semester break. The first phase of an $8.5 million renovation of the campus’s main academic building will be finished, and the basement and first floor will reopen. The redesigned classrooms and faculty [...]
Them’s the brakes
Total compensation for S&P 500 CEOs nationwide last year marked its smallest year-over-year increase since 2015, with pay increasing 0.9% from 2021. Here in Virginia, CEOs faced even greater headwinds — their total pay increased just 0.3% from 2021 to 2022, down from a 4.9% increase between 2020 and 2021. The slowdown was [...]
Workforce development
The Apprentice School at Newport News Shipbuilding Founded in 1919, The Apprentice School in Newport News has graduated more than 11,000 apprentices over its long history. Part of Huntington Ingalls Industries’ Newport News Shipbuilding division, it offers apprenticeship programs and Associate of Applied Science degrees in 19 shipbuilding disciplines and seven optional advanced programs of […][...]
Startup resources
Entrepreneurship continues to grow across Hampton Roads, with many organizations dedicated to helping startups and small businesses expand and thrive. Here is a sample of the many resources available: 504 Capital 504capital.com 757 Accelerate 757accelerate.org 757 Angels 757angels.org 757 Startup Studios 757startupstudios.org 75[...]
Always right
Eric Tan opened his business, VA Wholesale Mortgage, a month before the COVID-19 pandemic sent the housing market into three years of unprecedented fluctuation. During those three years, Tan has managed to not only survive but reach an average revenue growth rate of 2,230%, landing the firm at No. 252 on the 2023 Inc. 5000 [&hel[...]
Inc. 5000 2023 rankings
In July, the following Hampton Roads companies were named among the nation’s fastest growing companies based on verified annual revenues from the past three years, according to Inc. magazine. Read more about local Inc. 5000 winners.
EarthLink support center approaches completion
By mid-August, construction workers had gotten up a big portion of the steel framework for the 28,000-square-foot, two-story building that will house EarthLink’s customer support center at Project Intersection, a new business and industrial park in Norton. Employees of the Atlanta-based high-speed internet service provider sho[...]
October 2023 Virginia 500 Spotlight: NEIL HOUFF
FIRST JOB: Feeding calves on the family farm MOST VALUED POSSESSION: My faith in Jesus. All else will be gone at some point. HOW I UNWIND FROM WORK: Mowing the lawn or mowing pastures on our farm HOW I BALANCE MY WORK AND PERSONAL LIFE: My work and personal life have always been intermingled and […]
Long-range forecast
In this 2023 issue of Hampton Roads Business, several experts give us their takes on what the region will look like in 20 years. A lot of what we think about Hampton Roads surrounds its strategic significance to the U.S. military as home to the world’s largest naval base and the nation’s largest military shipbuilding [&helli[...]
