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Expiration of ACA tax credits strains pocketbooks
Virginia’s Insurance Marketplace premiums rose over 20% after enhanced federal tax credits expired, causing a 22.6% enrollment drop and higher costs for many.
In the Lead: Best Women-Owned Businesses
Meet 28 successful women-owned Virginia businesses, from tech startups to manufacturers, honored for leadership, resilience, and innovation.
Founders of Black-owned brands adapt their hopes and business plans for a post-DEI era
NEW YORK (AP) — The co-founders of a company that makes lip products for darker skin tones no longer hope to get their line into Target. A brother and sister who make jigsaw puzzles celebrating Black subjects wonder if they need to offer “neutral” images like landscapes to keep growing. Pound Cake and Puzzles of Color [&h[...]
VCEDA seed grants sow small business growth
Adam Patterson knew if his fashion design company was going to thrive in his hometown of Big Stone Gap, he needed capital — and a new sewing machine. “Mine was so old, it sewed crooked stitches,” says Patterson, founder of Jones-Hurst Designs. Patterson received a $10,000 grant in September from a Virginia Coalfield Econom[...]
Summit for entrepreneurs planned for Danville
Two South Boston-based economic development organizations will host a summit for entrepreneurs and business leaders Oct. 19 at the Institute for Advanced Learning and Research in Danville. Launched by the SOVA Innovation Hub, a nonprofit working to drive economic transformation with digital skills and entrepreneurship, and RISE [...]
265 Va. companies make 2024 Inc. 5000 list
This year, 265 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, released Tuesday by Inc. magazine. Ranking at No. 53 overall, Ashburn IT services firm Blu Omega, a woman-owned small business founded in 2020, was the highest-ranking Virginia company on the list. Blu [...]
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[...]
HEARD AROUND VIRGINIA
Alexandria venture capital firm Columbia Capital has indicated in regulatory filings that it has raised $977 million to keep investing in companies in the communications and technology fields. Documents filed with the Securities and Exchange Commission on Dec. 15, 2023, show the investment firm has reached its fundraising goal f[...]
Richmond-area mainstay Saxon Shoes moves onto its next step
When Gary Weiner’s parents, Jack and Gloria, opened Saxon Shoes in Richmond in 1953, they mostly carried shoes for children with orthopedic needs. Now, 70 years later, the store has something for everyone and is about 10 times the size of the average shoe store and operates in Henrico County’s Short Pump area. It[...]
EY taps seven Va. biz leaders as mid-Atlantic entrepreneurs of year
Seven Virginia business leaders have been named winners of Ernst & Young LLP’s Mid-Atlantic Entrepreneur of the Year Award for 2023. The winners, named Friday by the Big Four multinational professional services company, include: Aptive Resources | Rachele Cooper, founder and CEO, Alexandria Cuisine Solutions Inc. | F[...]
