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May 29, 2024

Atlantic Park expected to open in spring 2025

The $350 million Atlantic Park project backed by music icon Pharrell Williams in his hometown of Virginia Beach is progressing, with the 2.6-acre surf lagoon, entertainment venue and other pieces of the project expected to be delivered in spring 2025, Kathy Warren, Virginia Beach’s planning director, told the city council [...]

L to R: Rick Davis, dean of George Mason's College of Visual and Performing Arts; Jon Peterson; Carolyn Peterson; Horace Blackman, rector of the George Mason Board of Visitors; and Trishana E. Bowden, George Mason's vice president of advancement and alumni relations. Photo by Sean Kelley Photography and courtesy George Mason University
May 29, 2024

George Mason receives $5M donation from Peterson Cos. family

The Peterson Family Foundation, the family behind the Peterson Cos. real estate development firm, donated $5 million to the George Mason University’s Center for the Arts improvement project, the university announced Tuesday. The gift to the university’s College of Visual and Performing Arts will support modernizatio[...]

DeVore. Photo courtesy Kaufman & Canoles
May 28, 2024

Kaufman & Canoles names Williamsburg managing partner

Dustin H. DeVore has been named managing partner of Kaufman & Canoles’ Williamsburg office, effective May 21, the law firm announced. DeVore joined Kaufman & Canoles in 2002 and chairs the firm’s lender representation practice group and the firm’s credit union team. Outside the firm, he serves on the bo[...]

Capital One CEO Richard Fairbank stands in front of the company's McLean headquarters. Photo courtesy Capital One Financial
May 24, 2024

Capital One, Walmart end credit card agreement

McLean-based Capital One Financial is no longer the exclusive issuer of Walmart consumer credit cards. The two Fortune Global 500 companies announced Friday that they had ended their consumer card agreement. The announcement follows problems first uncovered in late 2022 and early 2023, according to Reuters reporting. Capital One[...]

Foster Fuels CEO Watt R. Foster Jr.
May 23, 2024

Foster Fuels wins potential $442M FEMA contract

Brookneal-based fuel delivery provider Foster Fuels has won an up to $442 million contract to provide emergency services to the Federal Emergency Management Agency. Under the five-year Defense Logistics Agency Energy (DLA) contract, which the Defense Department announced May 15 and Foster Fuels announced Tuesday, Foster Fuels wi[...]

May 23, 2024

Wood veneer facility to reopen in West Point

A former manufacturing facility in West Point will come roaring back to life with a $2.5 million investment by West Point Veneer, a wholly owned subsidiary of Coldwater Veneer, that will create 92 jobs, Gov. Glenn Youngkin’s office announced Tuesday. Once open, the mill will produce wood veneer and ship it globally via the[...]

May 22, 2024

Dominion installs first post for offshore wind project

Dominion Energy plunged the first monopile — after the two existing pilot turbines — into the sea floor Wednesday, kicking off construction of the $9.8 billion Coastal Virginia Offshore Wind (CVOW) project that will bring 176 turbines 27 miles off the coast of Virginia Beach. Installation of the post started mid-morning and [...]

A man wearing a suit stands behind a podium.
May 21, 2024

Broadband, renewable energy focuses for rural development, USDA administrator says

Rural communities can improve their economy and quality of life, Andrew Berke, administrator for the U.S. Department of Agriculture’s Rural Utilities Service, stressed during the opening of the fifth annual Investing in Rural America conference, held Tuesday at the Hotel Roanoke & Conference Center. The Federal Reserve[...]

University of Virginia Rotunda and Lawn. Photo courtesy University of Virginia
May 21, 2024

Student sues U.Va., alleging antisemitism

A Jewish undergraduate student is suing the University of Virginia, its president and rector, and two pro-Palestinian organizations, alleging that he was “a victim of hate-based, intentional discrimination, severe harassment and abuse, and illegal retaliation” at U.Va., according to a federal lawsuit filed May 17. Ma[...]

Historical April home sales in Virginia. Image courtesy Virginia Realtors
May 21, 2024

Va. housing market warms up in April

Virginia’s housing market is heating up this spring, with April sales increasing 14.1% from sales in April 2023, according to Virginia Realtors data released Tuesday. Last month, 9,416 homes sold in Virginia, up 1,164 sales from the same month last year. Sales activity in Virginia has been trending up in 2024, except for a[...]

Gov. Glenn Youngkin, with Virginia Innovation Partnership Corp. CEO Joe Benevento seated right, announced the Virginia Invests partnership at the CarMax Midtown Innovation Center in Richmond. Photo by Katherine Schulte/Virginia Business
May 20, 2024

VIPC launches $100M fund partnership for Va. 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 Monday by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from[...]

May 20, 2024

Va. casino gaming revenues total $60.1M in April

Virginia’s three casinos reported about $60.1 million in gaming revenues for April, according to Virginia Lottery data released last week. Last month, the Bristol Casino: Future Home of Hard Rock reported about $13.9 million in adjusted gaming revenues (wagers minus winnings), of which about $11 million came from its 903 s[...]

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