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Va. Beach City Council approves $2M sponsorship of Something in the Water
Virginia Beach native Pharrell Williams’ Something in the Water three-day music festival will get a $2 million sponsorship from Virginia Beach as part of an incentive package approved by the City Council Tuesday night. Something in the Water debuted in April 2019 at the Oceanfront and was called off in 2020 and 2021 due to[...]
NY foundation invests $10M in Appalachian Community Capital
Appalachian Community Capital, a Christiansburg-based community development financial institution that provides capital for small businesses across the Appalachian region, will receive an additional $10 million investment in the form of a low-interest loan from the Ford Foundation, the New York-based nonprofit announced Wednesday. The Ford Foundation initially invested $3 million in ACC in 2015. ACC […][...]
Farmer Focus taps new president/COO
Harrisonburg-based organic poultry producer Farmer Focus announced leadership changes Tuesday, including tapping a new president and chief operating officer as well as a new chief commercial officer. Stephen J. Shepard is the company’s new president and COO, a promotion from executive vice president of operations, a positi[...]
Va. receives $230M for startup, venture capital funding
Virginia has been approved for as much as $230.4 million in federal funds to accelerate startups, the U.S. Department of Treasury announced Tuesday. The money comes from the Treasury’s State Small Business Credit Initiative (SSBCI). Virginia will operate five programs, including two loan participation, one loan guarantee and two equity/venture capital programs. Loan programs include […][...]
Bechtel to build Intel’s Ohio semiconductor plant
Reston-based Bechtel Corp. has been selected to design and build the first phase of Intel Corp.’s $20 billion semiconductor manufacturing facility near Columbus, Ohio, a project that will include as much steel as eight Eiffel Towers. The work will include a total 2.5 million square feet, 600,000 square feet of which will be cleanrooms, according […]
GMU names EVP for finance and admin
George Mason University has promoted Deb Dickenson to executive vice president for finance and administration, the university announced Monday. Dickenson had been serving as interim senior vice president for administration and finance since June. In her new role, she will be responsible for universitywide leadership, strategic o[...]
U.Va. credit union names new COO
The University of Virginia Community Credit Union in Charlottesville has named Belinda Tucker as chief operating officer, the institution announced Monday. Tucker will report directly to Susan Gruber, the credit union’s president and CEO. In her new role, Tucker will support the credit union’s marketing, retail deliv[...]
American Systems receives $1B+ DISA contract
Chantilly-based government contractor American Systems Corp. has received a contract from the Defense Information Systems Agency valued up to $1.01 billion for test, evaluation and certification services, the Pentagon announced Friday. A minimum guarantee of $10,000 will be made through a task order that will be funded by fiscal 2023 research, development, test and evaluation […]
CHKD president and CEO James Dahling to retire
After nearly 30 years, Children’s Hospital of The King’s Daughters President and CEO James Dahling announced his retirement from the Hampton Roads-based health system Friday. “The board extends immense gratitude to Jim for his visionary leadership,” Akhil Jain, chair of CHKD’s board of directors, said in a [...]
Richmond restaurant refuses service to Family Foundation
A German-inspired restaurant in Richmond canceled a reservation for a conservative political organization’s private event last week, saying in a statement posted online Thursday night that the decision was made to protect their staff, many of whom are women and/or part of the LGBTQ community. The Family Foundation, the organiz[...]
Youngkin to propose $350M for site development
Gov. Glenn Youngkin will propose allocating a new $350 million investment for industrial site development next week, the governor said in a speech delivered Friday at the Virginia Chamber’s Virginia Economic Summit & Forum on International Trade. In the 2022-24 budget, which Youngkin signed in June, the state allocated $15[...]
Barkin: To address inflation, U.S. must rethink labor
As the U.S. moves to a short-labor environment, it will be necessary for businesses, governments and nonprofits to reassess their approach to labor, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Friday in Richmond. Speaking at the Virginia Chamber’s 2022 Virginia Economic Summit and Forum on International [...]
