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Issues

Jul 30, 2023

2023 Virginia CFO Awards nominees

Anna Amirsoltani* Cassaday & Company Inc. Ali Azima*  Thompson Hospitality Corp. Jim Barker* Delta Dental of Virginia Mike Barr S.B. Cox Inc. Elizabeth (Beth) Beale Old Point Financial Corp. Sandra and William Berry Berry’s Produce Jason Chesky* Logenix International LLC Clyde Cornett* Virginia Community Capital Inc. Bill Davis* Virginia War Memorial Foundation Inc. Joel Flax* […]

Jul 30, 2023

August 2023 Out and About

Virginia Business held its 18th annual Virginia CFO Awards banquet at The Jefferson Hotel in Richmond on June 8. Sponsored by Truist Financial Corp., Yount, Hyde and Barbour (YHB) and Accent Professional Recruiting, the event honored 34 CFOs from around the commonwealth, nominated in four award categories, representing a variety of nonprofits, government agencies and […]

This November 2022 commercial for Capital One’s Venture X card starred Taylor Swift, showcasing the pop star’s past iconic looks ahead of her 2023-24 Eras tour. Photo courtesy Capital One Financial Corp.
Jul 30, 2023

Surge of credit card defaults ahead?

Americans owe an all-time high of nearly $1 trillion on their credit cards, setting the stage for a possible surge in consumer delinquencies and defaults. “There are nascent signs of trouble brewing,” investment firm Glenmede Trust Co. warned in an April research note. “An ever–larger share of credit balances have transi[...]

Jul 30, 2023

Money machine

In 2009, Donald Hart found himself in an enviable position. Leading up to his graduation from Ocean Lakes High School in Virginia Beach, Hart had been accepted to a slew of the state’s public, four-year universities: Virginia Tech, the University of Virginia, Old Dominion University, George Mason University and James Madison U[...]

Jul 30, 2023

Developer rejuvenates Colonial Beach

Richmond developer Duke Dodson fondly remembers spending summer days as a child at Colonial Beach, a Northern Neck beach town bordering Maryland on the Potomac River. So, when the town listed 12 parcels of land for sale in 2020, he jumped at the opportunity. “My grandparents went to Colonial Beach back in the day to […]

Jul 30, 2023

Virginia accelerators vie for SBA award

During a virtual meeting of Virginia energy stakeholders in late June, Dominion Energy Innovation Center Executive Director Adam Sledd posed a question: How can Virginia become a leader in climate technology innovation? That’s the kind of ambitious vision that Sledd hopes will carry DEIC to victory in the second and final stag[...]

“If you haven’t been ... in a room where you’re the only one that looks like yourself, it can be a challenge,” says Thomas Ransom, Virginia regional president for Truist Financial Corp. Photo by Shandell Taylor
Jul 30, 2023

Building equity

When BB&T recruited Thomas Ransom, a Black economics student at Hampden-Sydney College, to join its management development program in the late 1990s, he quickly had to pick up the world of banking and its culture.  The Urbanna native says he’d never met a banker before starting at BB&T and certainly didn’t know what[...]

Jul 30, 2023

StartVirginia: August 2023 Heard Around Virginia

Two Virginia business owners were among 20 women entrepreneurs chosen in June out of 6,500 applicants to participate in a 10-week accelerator sponsored by Allergan Aesthetics, the maker of Botox. Monika Jefferson, CEO and founder of the Hampton Roads-based Association of Military Spouse Entrepreneurs, which provides networking and resources to military spouse business owners, and […]

Jun 29, 2023

MELINA DAVIS

Throughout her 35-year career, Melina Davis says that her favorite — and greatest — challenge has been learning to understand people’s motivations and goals. “Whether we are in a family room or a boardroom, women have to command a leadership position to make sure progress continues,” she says. “Creative solutioning i[...]

Jun 29, 2023

MAGGIE REED 

Maggie Reed is a registered architect, but she found fulfillment in construction. “I’m not great at sitting,” she says, and working for Gilbane Building Co., as she has done for her entire 19-year career, not only suited what she describes as her “ability to run around,” but was “the right mix of cerebral and problem[...]

Jun 29, 2023

KELLY TILL

In its nearly 175-year history, the Richmond Times-Dispatch had never had a female publisher until Kelly Till arrived in Richmond in June 2022. Till also serves as regional vice president of sales for the newspaper’s parent company, Lee Enterprises Inc., coming off of a 24-year career as an advertising executive with Tribune P[...]

Jun 29, 2023

TERRIE L. SUIT

During the past decade, Suit has served as CEO of the largest trade association in Virginia, advocating on behalf of more than 38,000 Realtors across the state. In addition to lobbying and advocacy work, the association produces economic research and offers continuing education opportunities. A Republican state delegate from 200[...]

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