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Va. gets initial approval for $1.48B to increase broadband
The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) has approved Virginia’s initial proposal for the Broadband Equity, Access, and Deployment (BEAD) program, according to a NTIA dashboard that tracks proposals. This approval means Virginia can now request access to $1.48 bill[...]
Virginia Beach economic development director resigns
Charles E. “Chuck” Rigney resigned Wednesday from his post as Virginia Beach’s economic development director, city spokesperson Ali Weatherton-Shook confirmed Friday, following a report by The Virginian-Pilot. Rigney had held the position officially for six months after serving as interim director for about eight mon[...]
VATI awards $41M in broadband grants to localities
The Virginia Telecommunications Initiative, which funds broadband extension to unserved areas, will provide more than $41 million in grants to 10 broadband construction projects that will serve Virginians in 20 localities, Gov. Glenn Youngkin announced Wednesday. “Virginia continues to be a national leader for closing the di[...]
Connecticut firm sues former Diamond District partners for $40M
A Connecticut-based developer, Republic Projects, has filed a $40 million lawsuit against its former partners in Richmond’s $2.44 billion Diamond District project, a city-backed mixed-use development that includes a replacement for the 40-year-old Diamond baseball stadium. Republic Projects, the plaintiff in the lawsuit fi[...]
Batten donates $100M to expand W&M marine, coastal research
Jane Batten, the matriarch of a Hampton Roads family known for its philanthropy, has pledged $100 million to William & Mary to boost coastal and marine science research towards finding global solutions for flooding and sea-level rise, the Williamsburg university announced Wednesday. The newly named Batten School of Coastal &[...]
Accenture Federal taps next CEO, as Goodman steps down
Starting Sept. 1, Ron Ash will take the wheel as CEO at Arlington County’s Accenture Federal Services, the federal contractor offering IT services announced Tuesday. He will also become chair of AFS’ board of managers. Ash will succeed John Goodman, who is stepping down as CEO and chair at the end of August and will [&hell[...]
Virginia saw 15,000 jobs created in June
Virginia reported 15,000 jobs created in June, Gov. Glenn Youngkin announced Friday. Overall, the commonwealth has seen 258,000 jobs created since January 2022, according to the news release from the governor’s office. “The jobs report is yet another good sign about the resiliency of the Virginia economy,” Bob McNab, an ec[...]
Speyside Bourbon Cooperage to create 40 jobs in Pittsylvania
Speyside Bourbon Cooperage will invest $16.85 million to build a new stave mill in Pittsylvania County’s Brosville Industrial Park, Gov. Glenn Youngkin announced last week. A U.S. subsidiary of a French company, Speyside Bourbon Cooperage produces staves, or strips of wood, from American White Oak, which are used to make the company’s bourbon barrels. Pittsylvania […]
Campbell County moves forward on spec industrial building
Campbell County is moving forward with plans to build a $11 million, 100,000-square-foot spec industrial building at Seneca Commerce Park in Rustburg, the county announced on Tuesday. It’s the largest project the county’s economic development department has tackled in a decade, according to a news release. The work will incl[...]
NoVa, Hampton Roads home sales fall in June
Home sales in Northern Virginia and Hampton Roads dropped year-over-year in June, as homes stayed on the market longer and median sales prices rose. Northern Virginia June home sales in Northern Virginia fell 13.8% from June 2023 and 12.2% from May, according to data released July 11 by the Northern Virginia Association of Realt[...]
QTS finishes $137M purchase of rezoned Henrico tech park land
QTS Data Centers has secured ownership of all 622 acres of the recently rezoned site for the White Oak Technology Park II project in Henrico County’s Sandston area for approximately $137 million. On June 28, a limited liability company belonging to QTS bought the remaining portion of the site that it hadn’t yet acquired — [...]
Va. casinos report $59.5M in June revenues
June gaming revenues for Virginia’s three casinos totaled $59.5 million, according to Virginia Lottery data released July 15. June numbers broke a three-month streak in which the casinos brought in combined totals of more than $60 million, casinos.com noted this week. Last month, the Bristol Casino: Future Home of Hard Rock [...]
