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Hitachi Energy to invest $22.5M in SWVA expansion, creating 120 jobs
Hitachi Energy will invest $22.5M to expand its Bland facility and open a new warehouse in Atkins, creating 120 jobs and boosting production capacity.
Cvent acquires California tech company Prismm
Tysons-based global event marketing and management company Cvent announced Thursday it has acquired Mill Valley, California-based spatial event design technology provider Prismm.
19 Virginians are finalists for EY Mid-Atlantic Entrepreneur of the Year
Nineteen Virginia entrepreneurs are finalists for EY’s 2025 Mid-Atlantic Entrepreneur of the Year award, with winners to be announced June 18.
Sentara College of Health Sciences ends degree programs
Chesapeake-based Sentara College of Health Sciences announced last week that it will stop offering nursing and non-nursing degree programs and will move those courses to state and regional universities. The 130-year-old school also will pause admissions and evaluate its non-degree offerings, according to President Angela Taylor[...]
Krispy Kreme investor to acquire Roanoke’s Shenandoah Life in deal
JAB Holding Co., the Luxembourg-based holding company that owns a majority stake in Krispy Kreme doughnuts, plans to pay $3.1 billion to buy Prosperity Life Group, parent company of Roanoke-based Shenandoah Life Insurance, according to a filing made last month with the State Corporation Commission. Applications for approval of a[...]
Electra raises $115M to build ultra-short aircraft
Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. P[...]
ODU breaks ground on $25M Barry Art Museum expansion
The Barry Art Museum at Old Dominion University in Norfolk is undergoing a massive $25 million expansion that will double its gallery space. ODU last week broke ground on the project, which will add a 25,200-square-foot, three-story wing that includes a multiuse event space, a new media video gallery showcasing multimedia artwor[...]
Norfolk State breaks ground on $118M science building
Norfolk State University on Friday broke ground on a $118 million science building. The new 131,376-square-foot facility, which is being built on the northwest side of the HBCU’s main campus, will replace the Roy A. Woods Science Building. Once complete, it will house teaching and research labs, classrooms, a planetarium, [...]
Carilion Clinic wants to launch a kidney transplant program; UVA Health opposes it
In the coming weeks, Carilion Clinic will learn whether it has the go-ahead from the state to launch a kidney transplant program at Carilion Roanoke Memorial Hospital, a plan UVA Health has publicly opposed. The Roanoke-based health system’s pitch for establishing a program is that there is no kidney transplant surgery ava[...]
State report calls Richmond water crisis ‘completely avoidable’
The January Richmond water crisis that left hundreds of thousands of residents without water for close to a week, forcing restaurants and other businesses to temporarily close or limit service, was “completely avoidable,” a final report from Virginia Department of Health has determined. In his release of the report late Wedn[...]
Va. casinos report $85M+ in March revenues
March gaming revenues from Virginia’s three casinos totaled $85.19 million, according to an April 15 report from the Virginia Lottery. March’s statewide casino gaming revenues were up $10.02 million from February’s $75.17 million. Last month, Hard Rock Bristol casino reported about $21.33 million in adjusted ga[...]
Integer to expand operations in Salem, adding 83 jobs
Gov. Glenn Youngkin announced Tuesday that global medical contract developer and manufacturing company Integer Holdings is expanding its operations in Salem, creating 83 jobs. A news release from the governor says the company plans to make a “significant investment” over the next five years to expand its operations at 200 S.[...]
