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Breeden Construction completes Newport News apts.
Richmond-based Breeden Construction has finished work on the Lift & Rise on Jefferson, a community with 81 townhomes and garden-style apartments in Newport News. The $18.5 million project, done for the Newport News Redevelopment & Housing Authority and Pennrose, a Philadelphia-based developer, started in June 2021 with c[...]
Roanoke fintech startup KlariVis closes $11M funding round
KlariVis closed an $11 million Series B funding round, the Roanoke-based banking data analytics startup announced Thursday. KlariVis provides data analytics solutions for community banks and credit unions. The fintech company has doubled its revenue and customer count year-over-year and has 100 clients, according to a news relea[...]
Economy healthy but more work is needed, Barkin says
The U.S. economy is showing signs of health, but bringing down inflation remains necessary, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Thursday during the 2024 Financial Forecast event co-hosted in Richmond by the Virginia Bankers Association and the Virginia Chamber of Commerce. Economic conditions have[...]
FAA probes Boeing’s possible role in 737 Max 9 cabin blowout
Nearly a week after a four-foot wall panel blew out of a Boeing plane cabin midair, exposing Alaska Airlines passengers to open air at 16,000 feet, the Federal Aviation Administration formally notified the Arlington County-based aerospace giant Wednesday that it will investigate the company’s potential role in the incident[...]
Virginia Credit Union, Member One announce merger
Chesterfield County-based Virginia Credit Union and Roanoke-based Member One Federal Credit Union announced plans to merge Thursday, a deal that would create the state’s third largest credit union, with a combined $6.7 billion in assets and 500,000 members. VACU is currently the fourth largest Virginia-based credit union, [...]
ODU promotes engineering dean to VP of research
Kenneth J. Fridley has been promoted to vice president for research, Old Dominion University announced Monday. He has been in the position on an interim basis since August 2023 while also serving as dean of ODU’s Batten College of Engineering and Technology. Fridley, who began his new role Wednesday, will continue as inter[...]
Chemical producer plans $193M Suffolk expansion
Wilmington, Delaware-based Solenis, a producer of specialty chemicals for water-intensive industries, plans to invest $193 million to expand its Suffolk facility, creating 34 jobs, Gov. Glenn Youngkin announced Thursday. Solenis plans to build an 80,000-square-foot production facility, packaging facility, a tank farm and add a n[...]
Va. Tech receives two $1M endowment commitments
The Public Service Education Institute has endowed two $1 million funds at Virginia Tech to support internships, the university announced Tuesday. The endowments, each created with a $1 million commitment, will support students who have secured internships with federal, state or local government agencies, including the Virginia Cooperative Extension. One endowment will support students in […][...]
Ridge View Bank hires new SVP for New River Valley
Ridge View Bank has hired Todd Murray as senior vice president of commercial banking in the New River Valley, the Roanoke-based bank announced Wednesday. Murray will lead an expansion of bank’s commercial banking services in the New River Valley and will be responsible for loan and deposit production, collaborating with th[...]
Former Gentry Locke managing partner dies
G. Michael “Mike” Pace Jr., managing partner of Roanoke’s Gentry Locke law firm for several years and a former Virginia Bar Association president, died Jan. 8 after a long illness. He was 66. Pace, a Salem native, spent nearly his whole career at the Roanoke law firm, starting as a summer associate in 1983 and [&hellip[...]
SAIC lands $375M Navy contract
Science Applications International Corp. has won a $375 million U.S Navy contract supporting the Naval Information Warfare Center Atlantic, the Reston-based Fortune 500 federal contractor announced Tuesday. Under the five-year contract, SAIC will provide Command, Control, Communications, Computers (C4) Intelligence, Surveillance and Reconnaissance (ISR) fielding and integration on land-based vehicle platforms in continental and overseas[...]
ODEC names two C-suite execs
Glen Allen-based Old Dominion Electric Cooperative has named Jack Robb as its chief legal officer and senior vice president, and Chris Cosby as chief operations officer, the not-for-profit cooperative announced Monday. Robb joined ODEC as deputy chief legal officer last year, but before that, spent a decade serving as outside co[...]
