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SCC names next chief administrative officer
Joseph F. Damico has been named the Virginia State Corporation Commission’s next chief administrative officer, replacing Samuel A. Nixon Jr., who is retiring this month. A longtime public servant, Damico was most recently deputy director of the Richmond Department of Public Works and was director of the state Department of[...]
Grant Thornton taps new D.C. market managing principal
William “Bill” Marx Jr. is Grant Thornton’s new market managing principal for the Washington, D.C., area, the Chicago-based U.S. arm of the global accounting firm network announced Wednesday. Marx succeeds Greg Wallig, who was the company’s metro D.C.-Arlington County market managing principal and added the role of publi[...]
Virginia is CNBC’s Top State for Business for record sixth time
Virginia regained its crown as the No. 1 state in CNBC’s annual America’s Top States for Business rankings released Thursday, winning the top spot for a record sixth time. The cable business news network once again praised Virginia for having “the nation’s best education system and policies that give companies ro[...]
Homestead Creamery to expand Franklin County facility
Dairy products maker Homestead Creamery will carry out a $2.5 million renovation and expansion of its Franklin County production facility, Gov. Glenn Youngkin announced Wednesday. The company will build a new ice cream production room and install additional production and refrigeration equipment and freezers. The expansion is in[...]
Dominion Energy issues RFP for small modular reactor at North Anna
At an event with Virginia Gov. Glenn Youngkin and other state officials at its North Anna nuclear power plant in Louisa County, Dominion Energy announced plans Wednesday to potentially develop a small modular reactor (SMR) at North Anna. Dominion officials said they were issuing a request for proposals for the SMR from nuclear t[...]
$681M subsea cable plant coming to Chesapeake
A U.S. subsidiary of a South Korean cable manufacturer plans to build a $681 million subsea cable manufacturing plant in Chesapeake, the company announced Tuesday. The project is expected to create 338 jobs. LS GreenLink USA’s Chesapeake subsea cable factory will be built at the Deep Water Terminal Site in Chesapeake, a 96[...]
Dominion Energy to buy N.C. offshore wind lease for $160M
A Dominion Energy subsidiary has agreed to acquire a 40,000-acre offshore wind lease off North Carolina’s Outer Banks for $160 million, the Fortune 500 utility announced Monday. Virginia Electric and Power Company, which does business as Dominion Energy Virginia, will purchase the Kitty Hawk North Wind lease from Avangrid,[...]
Simmons Equipment announces $8.5M expansion into Russell County
Simmons Equipment, a specialty mining equipment manufacturer based in Tazewell County, plans to expand into neighboring Russell County, Gov. Glenn Youngkin announced Monday. The company expects to invest $8.5 million into converting two buildings in Lebanon, an investment set to create 75 jobs, the governor’s office said. [...]
Jefferson Lab names next director
The Thomas Jefferson National Accelerator Facility has named a new director, Kim Sawyer, who will replace Stuart Henderson, the lab’s director since 2017. Sawyer will start her new post at the Newport News facility Aug. 2, according to a Jefferson Science Associates news release Monday. Having previously served as deputy[...]
Briggman leaving post as CEO of Activation Capital
Chandra Briggman is leaving her position as president and CEO of Activation Capital, the Richmond tech incubator announced Monday. Her last day is Friday. Briggman joined Activation Capital, an accelerator arm of the Virginia Biotechnology Research Partnership Authority, in May 2020; the organization includes a biotech park, sta[...]
Chesapeake shopping center sells for $20.05M
A community shopping center in Chesapeake sold for $20.05 million in early June, property records show. Located at 4300 Portsmouth Blvd., adjacent to the Chesapeake Square mall, the roughly 180,000-square-foot shopping center sold for $18.847 million, and an associated 1.32-acre outparcel sold for $1.203 million. The shopping ce[...]
Wawa parcel in Newport News bought for $4.5M
A property leased to a Wawa in Newport News sold for $4.5 million, Cushman & Wakefield | Thalhimer announced Monday. OMILOS LLC — registered to an Arlington County address — bought the 1.95-acre parcel located at 11124 Jefferson Ave. Property records show that Athanasios K. Polyzos previously owned the property, beginnin[...]
