Sign In
Free Newsletter
GMU biz school receives $50M bequest
George Mason University’s School of Business will be renamed for the late Donald G. Costello, a Loudoun County native and business owner who left the university $50 million in his will, GMU announced last week. The donation is the university’s largest individual gift in its 50-year history. Costello, who died in 2017[...]
Betting on biotech
Virginians have often sought experimental medical treatments outside the state — traveling to North Carolina, Boston or one of the Mayo Clinic’s locations. However, the Paul and Diane Manning Institute of Biotechnology at the University of Virginia aims to change that. “We intend to tackle the biggest challenges in health [...]
Propulsion system
Madeline Davis has never set foot on a Navy submarine, so she doesn’t get to see the products she makes in action. Davis is a CNC (computer numerical control) machinist at Fairlead Integrated in Portsmouth, where she makes metal parts for the Navy’s silent service. The defense contractor supplies shipboard integrated parts, [...]
May 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from March 14 to April 13 included Washington Commanders owner Dan Snyder’s efforts to sell the Ashburn-based NFL team to a group of bidders including Philadelphia 76ers owner Josh Harris and NBA legend Magic Johnson. 1 | Naval operations building in Suffolk sells for $33M Home […]
Port of entry
By all accounts, the Port of Virginia and the overseas shipping industry as a whole are major economic drivers in the commonwealth, with an upward trajectory expected to continue. For fiscal year 2022, the port’s TEU (20-foot equivalent unit) container volume hit a record 3.7 million units, a 14.7% increase from 2021, which ma[...]
CarLotz, Need Supply founders launch schools startup
For about a decade after meeting at a business function, Michael Bor and Chris Bossola met for lunch periodically, swapping stories about their shared experiences in launching and scaling companies. Their conversations eventually landed on what they say could transform funding for public schools nationwide. The two have plenty o[...]
UR alumni couple donates $3M to support Jewish life
Carole and Marcus Weinstein, alumni of the University of Richmond and recent donors of $25 million to the university, have given an additional $3 million to the university’s chaplaincy to support Jewish life, UR announced Monday. “We have participated in several Jewish life events on campus and are excited to contribute [...]
Va. launching semiconductor workforce initiative
The commonwealth is launching a Virginia Alliance for Semiconductor Technology to foster a semiconductor industry workforce, funding its establishment with a $3.3 million Growth and Opportunity for Virginia (GO Virginia) grant. Gov. Glenn Youngkin announced the initiative Friday. In March, GO Virginia announced the $3.3 million [...]
Va. Tech names SVP for advancement
Virginia Tech has promoted Charlie Phlegar to senior vice president for advancement, the university announced Thursday. Phlegar has led efforts in fundraising, alumni relations, communications and marketing since 2015. Under his leadership, Tech’s advancement division has secured record amounts of new gifts and commitments[...]
Mary Baldwin announces next president
Mary Baldwin University’s next president will be Jeffrey P. Stein, vice president for strategic initiatives and partnerships at Elon University in North Carolina, the Staunton private university announced on Friday. Also an assistant professor of English at Elon, Stein will become MBU’s 10th president on July 1, succeedi[...]
Hampton Roads consortium opens research HQ
The Hampton Roads Biomedical Research Consortium opened its headquarters at Old Dominion University’s Tri-Cities Center in Suffolk Friday. The consortium is a partnership between ODU, Norfolk State University, Eastern Virginia Medical School and Sentara Healthcare Inc., and was founded in June 2020. Its goal is to address [...]
Liberty University appoints new president, chancellor
Liberty University’s board has appointed retired Air Force Maj. Gen. Dondi E. Costin as its next president and Pastor Jonathan Falwell as chancellor, with both men starting in those posts before the 2023-24 school year, the Lynchburg-based private Christian university announced Friday. Costin, who earned two master’s[...]
