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Gov. Ralph Northam has committed an additional $20 million to an economic recovery fund.
Jun 30, 2020

Northam bans congregating in bars as Phase Three starts

As Virginia enters Phase Three of the state’s Forward Virginia reopening plan on Wednesday, July 1, Gov. Ralph Northam announced that bar seating and congregating areas of restaurants will remain closed. Restaurants will be permitted to use non-bar seating in the bar area, so long as tables are at least six feet apart. Whi[...]

Jun 30, 2020

Northam recommends $4.2M in funding for SWVA projects

Gov. Ralph Northam on Tuesday recommended that more than $4.2 million in Appalachian Regional Commission (ARC) grants be distributed among 17 economic development projects in Southwest Virginia. ARC grants can be used toward infrastructure, entrepreneurship development and workforce development. Northam’s recommended allocations must be approved by the federal commission before being awarded later this year. […][...]

Jun 30, 2020

State directs $30M to health care providers struggling from pandemic

Amid the COVID-19 public health crisis, Gov. Ralph Northam on Tuesday approved an estimated $30 million in emergency support for primary care doctors, pediatricians and other health care providers who offer general health care services to Virginia Medicaid members, Virginia Department of Medical Assistance Services (DMAS) announced Tuesday. “By taking action to support these frontline […]

Jun 30, 2020

Virginia Employment Commission closes HQ due to COVID-19

The Virginia Employment Commission is temporarily closing its Richmond headquarters office after the fourth VEC employee in three months has tested positive for COVID-19, the VEC announced Tuesday. The closure affects  350 employees who work out of the Richmond office.  VEC call centers and district offices have not been affected and will continue to process […]

Jun 30, 2020

VCU, UCLA research could lead to better computer memory storage

Researchers at Virginia Commonwealth University and the University of California, Los Angeles (UCLA), released research findings Tuesday that could lead to more energy efficient memory storage for computers and other electronic devices. Magnets are used for computer memory due to their “up” or “down” polarity. The magnet[...]

Jun 30, 2020

Two Va. lawyers plead guilty in $200M extortion plot

Two Virginia lawyers have pleaded guilty to an extortion plot targeting a multinational chemicals company with demands for $200 million in “consulting fees,” according to a U.S. Department of Justice news release. Lawyers Timothy Litzenburg of Charlottesville, and Daniel Kincheloe of Glen Allen, both pleaded guilty June 19 in Charlottesville federal court. They face up […]

The Hershey Co. is investing $135 million to expand its Stuarts Draft factory. Photo courtesy The Hershey Co.
Jun 30, 2020

Hershey announces $135M Augusta County expansion

The Hershey Co. will invest $135 million to expand its manufacturing operation in Augusta County, Gov. Ralph Northam announced Tuesday. The 90,000-square-foot expansion of the Stuarts Draft facility will create 110 jobs. Hershey Chocolate of Virginia Inc. has operated in Augusta County for more than 30 years, employing more than[...]

Jun 30, 2020

Genworth Financial acquisition delayed again

The $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China-based Oceanwide Holdings Group Co. Ltd. has been postponed — yet again — the companies announced Tuesday. The Virginia State Corporation Commission’s Bureau of Insurance reapproved the merger, and the companies agreed to a 15th waiver and agreement to each party’s right to terminate […]

Jun 29, 2020

Community colleges, businesses partner to get Virginians back to work

The Virginia Ready Initiative (VA Ready) announced Monday a program that will provide stipends for unemployed Virginians to attend community college programs in an effort to find new industry jobs and overcome coronavirus-related economic hardships. “We have people who need work and companies who need employees, so Virginia’s community colleges and employers are coming together […][...]

Dominion Energy has completed construction on two massive wind turbines 27 miles off the coast of Virginia Beach (Photo by Beth Cooper)
Jun 29, 2020

Dominion debuts first offshore wind farm in U.S. federal waters

After nearly a decade of planning, Richmond-based Dominion Energy Inc. is on the verge of harnessing offshore wind power following the installation this month of two turbines off the coast of Virginia Beach. Standing approximately 600 feet tall, the 12-megawatt turbines are the cornerstone of Dominion’s $300 million Coasta[...]

Jun 26, 2020

Lumber company to invest $11M in Caroline County

Gatesville, North Carolina-based lumber company Ashton Lewis Lumber Co. will invest $11 million to establish a specialty Southern yellow pine sawmill in Ruther Glen (part of Caroline County), Gov. Ralph Northam announced Friday. The company has also committed to sourcing 90% of its pine lumber purchases from Virginia forestland owners as part of the investment. […]

Jun 25, 2020

‘Our chance to restart and reinvent’

As part of its COVID-19 economic recovery initiative Project Rebound, the Charlottesville Regional Chamber of Commerce on Thursday released a blueprint outlining recovery action steps for the business community. Produced by Big Four accounting firm KPMG LLP, the  “Blueprint for Economic Resiliency and Reinvention in the Great[...]

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