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Axios receives $5M in PPP funding
Arlington-based digital media company Axios Media Inc. announced Wednesday it received nearly $5 million in funding from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the $349 federal relief fund that ran out of funding on April 16 after 13 days due to overwhelming demand from small businesses [...]
Loudoun County announces $1M small-business relief fund
UPDATED FRIDAY, APRIL 24: The Loudoun County Board of Supervisors allocated an additional $250,000 to its existing $1 million COVID-19 Business Interruption Fund on Thursday, aimed at helping small businesses in the county that have been harmed by the COVID-19 crisis. The board allocated an extra $105,000 for businesses with 3-50 employees, $110,000 for businesses […]
Danville Community college names public relations, marketing director
Danville Community College has hired Faith O’Neil as its director of public relations and marketing. O’Neil was most recently the senior manager of customer development and marketing at Sentara Halifax Regional Hospital. During her career, she has specialized in crisis communications, media relations and strategic planning[...]
Virginia Tech develops in-house COVID-19 testing
Virginia Tech researchers announced Wednesday they have developed in-house COVID-19 testing kits and lab processing services to assist Southwest Virginia health departments with patient testing. Test results can be returned to the health departments as soon as same day. The initiative is being led by Dr. Michael Friedlander, Te[...]
Charlottesville Chamber launches local economic recovery initiative
The Charlottesville Regional Chamber of Commerce on Tuesday announced the launch of Project Rebound, a local economic recovery initiative to address the COVID-19 economic crisis. The project, hosted by The Chamber and economic offices at the University of Virginia, Albemarle County and the city of Charlottesville, aims to bring together local businesses to discuss challenges […]
Offshore wind components headed from Europe
Richmond-based Dominion Energy Inc. and Denmark-based Ørsted A/S announced Tuesday that major components of its $300 million Coastal Virginia Offshore Wind (CVOW) pilot project are being shipped to North America — which is on-schedule, despite the pandemic. Major components for the two, massive 6-megawatt Siemens Gamesa offsh[...]
The Hilb Group acquires book of business from payroll services company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of a book of business from Cleveland-based payroll services company CBIZ Inc. The transaction was effective April 1. THG also hired CBIZ’s business unit president Peter Tarmey as a producer at THG. Tarmey is currently based in C[...]
Facebook opens applications for Va. small business grants Wednesday
Facebook Inc. announced Tuesday that it will begin taking applications for its small business grant program in Virginia on Wednesday, April 22. The social media giant opened the program to more than 30,000 businesses in more than 30 countries, including the United States, totaling $100 million. Thirty-one businesses in the Richmond region will receive a […]
Colonial Williamsburg extends closures through May, plans additional furloughs
Colonial Williamsburg Foundation is extending its closures through May 31 and is furloughing additional staff. The nonprofit, which owns and operates the Historic Area, museums, hotels, restaurants and other attractions, had originally announced closures would last through April 30. The Williamsburg Lodge, which has remained ope[...]
SBA Paycheck Protection Program loaned nearly $9B to Va. businesses
Before the Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund ran out Thursday morning, Virginia banks processed more than 40,000 applications totaling nearly $9 billion, the Virginia Bankers Association announced Friday evening. Small businesses that received the forgivable loans are allowed to use the funds to meet payroll costs and pay […][...]
Va. Tech gears up to produce PPE for Carilion
Although the Roanoke and New River Valley health districts are seeing fewer confirmed COVID-19 cases than health districts in Northern, Eastern and Central Virginia, the Roanoke-based Carilion Clinic health care system has asked Virginia Tech to help it stockpile personal protective equipment (PPE) in the event of a surge in cas[...]
Survey shows 24M jobs lost since labor market stats last released
Approximately 24 million jobs have been lost since the last United States Department of Labor market statistics were released in mid-March, according to a survey conducted by economists at Virginia Commonwealth University and Arizona State University. “[This is] an unheard of loss in any economic downturn since the Great Depression,” said Adam Blandin, a VCU […]
