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‘Bipartisanship’ fizzled in General Assembly this session
RICHMOND, Va. — Democrats and Republicans emphasized bipartisanship and working across the aisle after the election, in press conferences and throughout the legislative session, but the sentiment seemed to fizzle by the end. Lawmakers wrapped up the busy 60-day session on March 9 after they passed a biennial budget and ove[...]
Va. real estate industry weighs in on $418M Realtors settlement
UPDATED MARCH 21, 2 P.M. A landmark, $418 million proposed court settlement from the National Association of Realtors over allegations of a conspiracy to boost agent commissions could have seismic implications for the residential real estate industry, with some national experts going so far as to call it one of the biggest chang[...]
CoStar Group moving global HQ to Arlington
UPDATED: Feb. 16, 10 a.m. CoStar Group, which already has a major presence in Richmond, will invest $20 million to move its global corporate headquarters from Washington, D.C., to Arlington County’s Rosslyn area, Virginia Gov. Glenn Youngkin announced Tuesday. Known for its online real estate marketplaces Apartments.com an[...]
Electra aircraft backlog hits $8B
Manassas-based aviation startup Electra.aero has surpassed 2,000 orders for the electric short takeoff and landing (eSTOL) aircraft it’s developing, totaling an $8 billion backlog, the company announced Tuesday. Electra signed a letter of intent in December 2023 to deliver its blown-lift, fixed-wing eSTOL aircraft to Finni[...]
Lynchburg association lands $310k in grants to aid downtown efforts
With help in part from three state grants, Downtown Lynchburg Association is working to brighten the city’s scenic Bluffwalk for the holidays and fill downtown stores. DLA combined a $75,000 Virginia Main Street Downtown Investment Grant with other funding to launch Bright Nights on the Bluffwalk, an eight-week event set t[...]
Va. early voting period ends with overall lower turnout
RICHMOND, Va. — Over 62,000 Virginians ventured out to the polls on a sunny November day for the last chance to vote early. The early voting period saw 776,931 votes cast, with most of it done in person, according to data from the Virginia Public Access Project. Absentee mail-in ballots are still being accepted. There was a�[...]
Dominion sells interest in Md. LNG facility for $3.5B
Dominion Energy Inc. has sold its remaining interest in the Cove Point natural gas liquefaction facility in Maryland to Berkshire Hathaway Energy for $3.5 billion, the Richmond-based Fortune 500 utility announced Monday. Dominion will clear about $200 million from the sale, according to a company news release. Total after-tax proceeds of about $3.3 billion will […]
Boeing reaches $40B deal with Ryanair
Irish air carrier Ryanair plans to order as many as 300 Boeing 737 MAX-10 aircraft from Arlington County-based Fortune 100 contractor Boeing Co. in a $40 billion deal, the two companies announced Tuesday. Subject to approval by Ryanair’s stockholders, the deal includes a firm order from the airline for 150 aircraft and an [...]
Lottery approves Danville Caesars casino’s license
UPDATED: April 26, 4 p.m. The Virginia Lottery Board approved the facility operator’s license for Danville‘s $650 million Caesars Virginia casino, which is expected to open in a temporary space on May 15. It’s the third casino to receive state approval, following the Hard Rock casino in Bristol and Rivers Cas[...]
Martin Agency is Ad Age’s 2023 Agency of Year
Richmond advertising firm The Martin Agency has been named Ad Age’s 2023 Agency of the Year, a year after being named as a standout on the trade publication’s A-List. Ad Age, a global media outlet covering the marketing and advertising industries, cited Martin’s record; the ad agency posted its second-best year[...]
House lawmakers stifle creative entrepreneurs fund
RICHMOND, Va. — Creativity should be valued as an important part of the Virginia economy, said the state lawmaker behind legislation to create the Virginia Creative Economy Grant Program. Del. Jackie Glass, D-Norfolk, introduced House Bill 2376 to establish a dedicated funding source for grant awards no more than $20,000 e[...]
Amazon Web Services to invest $35B in Va. data center campuses
Amazon Web Services plans to invest $35 billion by 2040 to establish multiple data center campuses across Virginia, creating 1,000 jobs, Gov. Glenn Youngkin announced Friday. Youngkin’s office said in a news release that “numerous localities in the commonwealth are under consideration” for the campuses, and spe[...]
