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Central Va. CEOs have improved outlook for next 6 months
While Virginia remains in Phase Three of Gov. Ralph Northam‘s Forward Virginia plan, Central Virginia CEOs have an improved outlook for sales, capital spending and employment for the next six months, according to a follow-up 2020 CEO Economic Outlook Survey released Friday by the University of Richmond’s Robins School of Business and the Virginia Council […]
Henrico County industrial facility sells for $9.39M
An industrial facility in eastern Henrico County has sold for $9.39 million, Richmond-based real estate firm Porter Realty Co. Inc. announced Friday. Located at 4650 Oakleys Lane, the 229,829 square-foot facility sits on more than 23 acres and features dock and drive-in loading. The property was sold by 4650 Oakleys Lane LLC t[...]
Ashburn firm wins Dept. of Homeland Security award
Ashburn-based tech company Cignal LLC announced Thursday it has won a Phase 1 award from the U.S. Department of Homeland Security’s Science and Technology Directorate to develop technologies for X-ray inspection systems using artificial intelligence models. The award amount from the department’s Silicon Valley Innovation Program was not disclosed. “We are proud to be working […][...]
Va. among highest in nation for jobless claims last week
Virginia had the fourth-highest increase in initial jobless claims in the nation last week, according to U.S. Department of Labor (DOL) statistics released Thursday. The DOL statistics released Thursday morning shows that 33,069 Virginians filed initial jobless claims last week, while the VEC report released Thursday afternoon s[...]
Va. is first Southern state to join Regional Greenhouse Gas Initiative
Gov. Ralph Northam announced Wednesday that Virginia is the first Southern state to join the Regional Greenhouse Gas Initiative (RGGI), a collaborative among Northeast and mid-Atlantic states intended to combat climate change and reduce power sector greenhouse gas emissions through a “cap-and-invest” program. “As the southernmost state to join RGGI, Virginia is sending a powerful […][...]
Colonial Heights joins Richmond Region Tourism
The city of Colonial Heights has signed on as a Richmond Region Tourism partner locality, the organization announced Wednesday. With the partnership, Richmond Region Tourism will support Colonial Heights’ tourism efforts as the state is reopening during COVID-19. “We look forward to collaborating with Richmond Region Tourism to market Colonial Heights to visitors as the […]
Bon Secours seeks to expand Suffolk hospital
Bon Secours Mercy Health announced on Monday it has filed a certificate of public need (COPN) to expand its Suffolk hospital by 67,000 square feet and add up to 36 beds. The proposed expansion stems from the increased need for inpatient beds, resulting from findings from the COVID-19 pandemic and population growth in the area. [[...]
Richmond’s Need Supply Co. closes permanently
Richmond-based clothing and home goods retailer Need Supply Co. has gone under due to the COVID-19 pandemic and will permanently cease operations, its attorney confirmed Tuesday. The store has not issued a public statement, including on its website or social media sites. “Need Supply Co. has made the difficult decision to wi[...]
Private equity firm acquires Herndon tech company
Herndon-based tech company Exostar LLC announced Tuesday it has been acquired by Chicago-based private equity firm Thoma Bravo LLC. The acquisition was first announced in early June. The transaction amount was not disclosed. Exostar is a cloud-based platform that allows companies to securely share information and operate with security compliance. The platform is used by […]
PNC names new Greater Washington regional president
Pittsburgh-based PNC Financial Services Group Inc. announced Tuesday that Jermaine Johnson will succeed Richard K. Bynum as Greater Washington regional president as of Aug. 1, overseeing the bank’s operations in the greater Washington, D.C., area, including Northern Virginia and surrounding Maryland counties. Currently t[...]
UPDATED: Nearly 110K Virginia businesses received PPP funds
The U.S. Small Business Administration has released a list of major recipients of its $659 billion Paycheck Protection Program small business relief program, with exact loan amounts redacted. Of the nearly 110,000 small businesses that received funding in Virginia (including Virginia Business Media LLC), approximately 16,100 businesses in Virginia were named on the list of […]
Roanoke County launches small business relief grants
The Roanoke County Economic Development Department announced Monday it has launched a $1 million small business grant program to help businesses suffering from COVID-19 closures in the county and the town of Vinton. The program is being funded through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and wil[...]
