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Norfolk buys Military Circle Shopping Mall for $11M
The Norfolk Economic Development Authority (EDA) announced Friday it approved a plan for the city to purchase the Military Circle Shopping Mall for $11 million to redevelop the mall and surrounding area for mixed-use development. “The Military Circle corridor is the crossroads of the Hampton Roads region,” Norfolk Mayor Kenn[...]
Second round of Central Va. COVID-19 Response funding released
The Central Virginia COVID-19 Response Fund, a joint initiative of the nonprofit Community Foundation for a greater Richmond and the Emergency Management Alliance of Central Virginia, awarded its second round of grants this week, bringing the total amount awarded to more than $2 million and the number of regional organizations funded to 52. Since the effort […]
Last remaining corner plot in Henrico County’s Short Pump sells for $5.85M
The last remaining corner plot of land in Henrico County’s Short Pump area has sold for $5.85 million, Cushman & Wakefield | Thalhimer’s Mark E. Douglas said. Located at 12120 W. Broad St., the 12.27 acre vacant, wooded lot is less than one mile from West Broad Marketplace, a shopping center with anchor tenants including […]
Task force mulls safety, economic concerns in reopening businesses
As the governor’s executive order shutting down all “nonessential” businesses is set to expire next Friday, a diverse group of two dozen Virginia business representatives is hard at work compiling ideas for how to reopen safely. The group — which includes officials from major employers Walmart and Amazon.com Inc., museum[...]
GO Virginia approves $2.87M in grants for 13 regional projects
The state’s Go Virginia Board has allocated $2.87 million in grants for 13 regional projects supporting economic development. A state economic development initiative led by business leaders and state officials, GO Virginia ( Growth and Opportunity for Virginia) has funded 87 projects, totaling $30.3 million, since it was established by the General Assembly in 2016. […]
Axios returns $4.8M in PPP funding
Arlington County-based digital media company Axios Media Inc. is returning $4.8 million it received from the Small Business Administration’s Paycheck Protection Program (PPP), according to Axios cofounder and CEO Jim VandeHei, who said the federal relief program aimed at helping small businesses keep their workforces employed [...]
Reston IT company names president
Tony Crescenzo has been hired as president of Reston-based information technology company Intelligent Waves LLC. Formerly the CEO of Falls Church-based IT company IntelliDyne LLC, Crescenzo earned his bachelor’s degree from Stockton University and his master’s degree in business administration from Rutgers University. Intell[...]
Virginia sees nearly 1K increase in COVID-19 cases in 24 hours
The Virginia Department of Health reported Friday that there are 16,109 confirmed cases of COVID-19 in Virginia, as well as 572 deaths and 2,407 people hospitalized who have tested positive. This is an increase of 929 confirmed cases in the past 24 hours, not counting 792 probable cases. As of Friday, 105,648 people have been […]
Virginia Business wins four VPA awards
Virginia Business magazine won four awards in the Virginia Press Association’s annual journalism contest. This year’s VPA awards banquet was canceled due to the coronavirus and the association asked member publications to announce the winners on April 30. Virginia Business competes in VPA’s specialty publications [...]
Virginia Chamber of Commerce seeks input for reopening businesses
During the next two weeks, the Virginia Chamber of Commerce will be soliciting input from the business community for its “Blueprint for Getting Virginians Back to Work” initiative. The chamber plans to release the blueprint plan in May after compiling the input it receives from surveys and other community engagement opportunities. Interested people must submit […]
GO Virginia earmarks funding for SW Va. tech talent program
The GO Virginia Region 1 Council, which covers Southwest Virginia, announced Thursday it has recommended $1.38 million in funding for the United Way of Southwest Virginia to create a technology talent development program. As more tech companies enter the Virginia market during the next decade, it’s estimated that more than 2[...]
Hanover County packaging manufacturer making isolation gown material
Hanover County-based packaging manufacturer INDEVCO North America announced Thursday that it’s shifting its manufacturing materials to make materials for protective isolation gowns, worn by first responders and medical workers. The company typically produces house wrapping material under its Barricade Building Products brand, [...]
