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May 15, 2020

Graham Holdings Co. acquires custom framing company

Arlington-based media and education conglomerate Graham Holdings Co. announced Friday it has acquired Washington, D.C.-based custom framing company Framebridge Inc. Financial terms of the transaction were not disclosed.  Graham Holdings Co. is the family company of the late Katharine Graham, who was the publisher and owner of The Washington Post. Its current holdings include online […]

May 15, 2020

CDC reopening guidance for your business

The Centers for Disease Control and Prevention (CDC) on Thursday evening released six flow charts intended to help businesses, schools, restaurants and transit systems decide whether it is safe to reopen — and when. As parts of the state begin to reopen Friday under Gov. Ralph Northam’s Phase One plan, leaders can use these guidelines […]

May 15, 2020

Va. COVID-19 cases reach 28,672

The state now has 28,672 confirmed and probable COVID-19 cases, an increase of 859 since Thursday, the Virginia Department of Health reported Friday. There are also 977 confirmed and probable deaths related to the coronavirus, and 3,657 people hospitalized throughout the state. New today on the VDH dashboard is a breakdown of how many molecular […]

May 14, 2020

Reopening will be delayed in Richmond, Accomack County

The city of Richmond and Accomack County, the Eastern Shore locality that has seen COVID-19 outbreaks in its poultry plants, will not enter Phase One of Gov. Ralph Northam’s “Forward Virginia” reopening plan Friday. Like Northern Virginia, the localities will wait two weeks until May 29. The governor’s announcement comes after Richmond Mayor Levar Stoney […]

May 14, 2020

Health accelerator program coming to Richmond

Richmond-based seed-stage accelerator Lighthouse Labs is partnering with the Health Innovation Consortium (HIC) to start a health-focused startup accelerator program in Virginia, the groups announced Thursday. Virginia Commonwealth University, VCU Health and Richmond-based nonprofit Activation Capital created HIC, which launched in January 2019 to bring health care ideas to the market.  “Health systems, particularly academic [&hellip[...]

May 14, 2020

State tax collection revenue fell 26.2% in April

State revenue from tax collections fell 26.2% in April, Gov. Ralph Northam announced Thursday. This is primarily due to tax deadline extensions for individual and corporate income taxes, which were extended until June 1 due to the COVID-19 pandemic.  “April tax receipts are consistent with our estimate of a $1 billion reduction in the fourth […]

Former Center for Innovative Technology building in Herndon
May 14, 2020

Center for Innovative Technology campus sells for $47.35M

The Center for Innovative Technology (CIT) office building complex in Herndon has sold for $47.35 million, Gov. Ralph Northam announced Thursday.  The Virginia Department of General Services (DGS) sold the property Thursday to affiliates of Chicago-based Origami Capital Partners LLC and Timberline Real Estate Partners in a tran[...]

May 14, 2020

Mayor: Richmond may not join Phase One reopening unless state provides more support

Update, May 14 at 6:15 p.m.: Gov. Ralph Northam announced that the city of Richmond and Accomack County will delay Phase One of the reopening plan by two weeks, joining localities in Northern Virginia. Earlier: Richmond Mayor Levar Stoney has said that the city may not join Gov. Ralph Northam’s Phase One reopening plan on[...]

May 14, 2020

52K Virginians filed jobless claims last week

More than 52,000 Virginians filed initial claims for unemployment last week, according to the Virginia Employment Commission, a decrease of approximately 7,000 jobless claims from the week prior. “Though the 12.6% weekly decline indicates that the volume of initial claims has retreated from its recent peak, it may not return t[...]

May 14, 2020

What does ‘reopening’ actually mean?

Updated May 14, 6:15 p.m.  With most of Virginia preparing to enter the first phase of Gov. Ralph Northam’s “Forward Virginia” plan on Friday, there’s still a fair number of questions about what exactly Phase One of “reopening the state”  means for business owners, employees and consumers. Here’s what you should know: Reopening in Phase […]

May 14, 2020

Va. COVID-19 cases at 27,813

As of May 14, the Virginia Department of Health has identified 27,813 confirmed and suspected COVID-19 cases across the commonwealth, with 955 Virginians dead from the disease. More than 1,530 Virginians are hospitalized with the coronavirus and 3,678 have been hospitalized and discharged, according to the Virginia Hospital and [...]

May 14, 2020

Nearly 3M Americans filed jobless claims last week

More than 2.98 million people in the United States filed initial claims for unemployment last week, according to U.S. Department of Labor statistics, marking a total of more than 36 million Americans who have filed jobless claims during the last eight weeks in the wake of the economic devastation brought on by the COVID-19pandemic. Last […]

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