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Richmond switches up stadium funding plan
UPDATED JULY 16 Richmond City Council this spring pitched a bit of a curveball on financing of the city’s new baseball stadium. On May 8, councilors approved a plan that they say would save the city money and get the replacement stadium — part of the proposed Diamond District — completed in time to meet […]
NNS aims to grow workforce
Virginia’s largest industrial employer, Newport News Shipbuilding, hopes to grow its 26,000-person workforce by 3,000 this year to tackle its backlog of projects. NNS, a division of Huntington Ingalls Industries, is building modular components for 12 Columbia-class subs and then handing them off to partner General Dynamics’ [...]
Beauty and the C-suite
Virginia Business’ July issue cover art represents a significant amount of time and thoughtful planning — especially in considering what image we want to convey to you, the reader. From our viewpoint, the Women in Leadership cover should express strength and confidence — attributes that this year’s 38 award winners demon[...]
The wedding day
When Alondra Rodriguez considered which school to attend for pre-med, she found herself puzzled by Old Dominion University — and why it didn’t have an affiliated medical school. “U.Va. has their own med school,” she thought. “Why don’t they just do that?” Rodriguez, who already had a bachelor’s degree in psycholo[...]
Virginia 500 Spotlight July 2024: Michael Keegan
FIRST JOB: Installing gas lines into houses in New Jersey TRAIT I ADMIRE: Empathy WHAT I’VE LEARNED: Not to complain. I was complaining recently to a friend about having to go to a speech by some “expert” on AI, only to learn later that my friend was the speaker. True story! SOMETHING I’D NEVER DO […]
Not with a bang, but a whimper
This story has been updated since publication. Despite lofty promises from Democrats and Republicans, divided government in Richmond meant few wins or losses for either party during the 2024 General Assembly session — and few sweeping changes for Virginia in the year ahead. “The only thing that the legislature really did is [...]
Catch a wave
Updated July 26: Chuck Rigney resigned as economic development director after six months on the job. After three decades recruiting businesses to Norfolk, Portsmouth and Hampton, Charles E. “Chuck” Rigney is tackling a new challenge: leading Virginia Beach’s economic development. Rigney was named the Resort City’s perma[...]
A practical plan for U.S. 220
Picture an hourglass: Flip the timer over, and the sand at the top funnels through a small opening to pool in the wider receptacle at its bottom. Now imagine if that hole in the middle were wider; sand would flow more freely. That’s how business leaders in Martinsville see the U.S. Route 220 corridor between […]
VIPC partners with VC funds to invest $100 million in 100 startups
The Virginia Innovation Partnership Corp. is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based startups. Through the partnership, announced May 20 by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from[...]
Out & About July 2024
1. James W. Dyke Jr. with McGuireWoods Consulting received a lifetime achievement award from the Virginia Chamber of Commerce May 16 in Richmond. L to R (front row): Virginia House of Delegates Speaker Don L. Scott Jr., D-Portsmouth; former Gov. Douglas Wilder; Dyke. L to R (back row): Virginia Sen. Lamont Bagby, D-Henrico, former U.S. […]
For The Record July 2024
CENTRAL VIRGINIA Developers broke ground May 30 on The Helios, a $54 million, rent-restricted, solar-powered apartment building in Henrico County, according to an announcement by Bank of America, which is financing construction. A joint venture between Spy Rock Real Estate Group and Crescent Development, both based in Richmond, the apartments will replace an abandoned motel. […]
Top Five July 2024
1 | 39 Virginia companies make the 2024 Fortune 1000 Thirty-nine companies headquartered in Virginia are on Fortune magazine’s 70th annual Fortune 1000 list, with 24 Virginia companies again making the elite Fortune 500. (June 4) 2 | VDOT buys Owens & Minor’s Hanover headquarters for $33.5 million The Virginia Department of […]
