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VPM president and CEO elected to PBS board
Jayme Swain, VPM and Virginia Foundation for Public Media president and CEO, was elected to serve a three-year term as a professional director on the Public Broadcasting Service Board, PBS President and CEO Paula Kerger announced Wednesday. Swain oversees VPM, which is a Richmond-based network of PBS and NPR stations across Cent[...]
Youngkin has 5-point lead in UMW governor’s race poll
In the most recent round of dueling gubernatorial poll results, Republican candidate Glenn Youngkin has a five-point lead among likely voters against Democrat Terry McAuliffe, Virginia’s former governor seeking a second, nonconsecutive term, according to a University of Mary Washington statewide survey conducted earlier th[...]
Company to build $4.2M facility in Brunswick County
Southern Virginia Vegetable Packing LLC has partnered with Brunswick County Industrial Development Authority, with plans to build a 45,000-square-foot, $4.2 million produce processing and packing facility that is expected to create 40 jobs over three years, Gov. Ralph Northam announced Thursday. Old Dominion Organic Farms, a member of Southern Virginia Vegetable Packing, will operate the […][...]
Alexandria-based SBG acquired by Fla. company
Alexandria-based defense contractor SBG Technology Solutions Inc. has been acquired by Florida-based Document Storage Systems Inc. (DSS), the companies announced last week. The financial terms of the deal, which was completed Sept. 8, were not disclosed. SBG will operate as a wholly-owned subsidiary of DSS and expand the company’s capabilities for the Department of Veterans […]
Fahrenheit Advisors adds two managing directors
Richmond-based Fahrenheit Advisors has added two executives to its leadership team. Mark Vita will join the management consulting firm as managing director and will lead the firm’s business advisory and finance and accounting practices. John Atkinson will also be a managing director and lead the firm’s new sales tran[...]
Virginia Industrial Plastics to grow in Rockingham, adding 92 jobs
Virginia Industrial Plastics Inc. will invest more than $6.5 million to expand its manufacturing facility in Rockingham County, Gov. Ralph Northam announced Thursday. The plastic thermoforming and fabrication company will add 92 jobs with the expansion. Virginia Industrial Plastics makes products designed to serve markets such as meat processing, leisure, medical, commercial, transportation, industrial, heavy […][...]
New jobless claims in Va. surge by 300%
After three weeks of declining unemployment claims statewide, the number of new claims shot up more than 300% last week, the Virginia Employment Commission reported Thursday. At the same time, continued claims dropped by more than 3,000 for the filing week ending Sept. 18. The VEC said in Thursday’s report that the end of [...]
Charleston developer breaks ground on mixed-use building in Richmond
Charleston, South Carolina-based real estate development company The Beach Co. announced Tuesday that it had broken ground on a 1.65-acre mixed-use development in Richmond called Tidewater, which has an expected completion of spring 2023. Located in the Manchester neighborhood at 700 Semmes Ave., the six-story development will h[...]
Tamika Tremaglio leaving Deloitte to head NBA players union
Tamika L. Tremaglio is leaving her post as Deloitte’s Greater Washington managing principal to be the executive director of the National Basketball Players Association (NBPA) union at the end of this year. “I’ve worked with some of the brightest business and legal minds in the world,” she said in a statement. “I’[...]
Tegna confirms acquisition offers
Tysons-based broadcast and digital media corporation Tegna Inc. has received acquisition bids of more than $8 billion from Apollo Global Management Inc. and media mogul Byron Allen, according to media reports. The news comes more than a year after previous purchase proposals fell through in March 2020 amid the dawning of the coronavirus pandemic. Bloomberg […]
U.Va. opens Northern Virginia campus
The University of Virginia announced Wednesday it has opened a campus in the Rosslyn neighborhood of Arlington, with plans to expand to other sites in the region. The campus in Northern Virginia will be called UVA|NOVA. “UVA|NOVA will be the center point of our efforts to better serve the commonwealth by bringing new academic [...]
AES promotes investment chair to CFO
Arlington-based Fortune 500 energy company The AES Corp. announced Tuesday it had promoted Stephen Coughlin to executive vice president and chief financial officer, effective Oct. 15. Coughlin most recently led AES’ corporate strategy and financial planning groups and served as chair of the company’s investment committee. Be[...]
