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Chesterfield EDA eyes mixed-use project at Spring Rock Green
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The Boulder’s[...]
2021 Virginia CFO Awards: The winners
Large business CFO: John C. Zeheb, Ukrop’s Homestyle Foods LLC, Richmond Large nonprofit CFO: Clifford Yee, Northern Virginia Family Service, Oakton Small business CFO: J. Robert Mooney, Phlow Corp., Richmond Small nonprofit CFO: Kim L. D’Errico, Special Olympics Virginia, Richmond Plus: The 2021 nominees list Amid pandemic, CFOs positioned businesses for recovery
Bridging the gap
At the beginning of 2020, A Family Affair Event Management had already filled its schedule for the year with an array of weddings and corporate, social and destination activities. Then COVID-19 struck, wiping the Stafford event planning company’s calendar clean. “It greatly impacted us,” says Tortica Anderson, owner of A F[...]
The Powell Memo
The Powell Memorandum has been praised and vilified, denounced as a blueprint for business to seize control of American life, and embraced as a way to protect liberty and free enterprise. Whether because of its lasting influence or alarming prescience, the Powell Memorandum has become one of the most important single documents i[...]
Come together
Virginia is seeing a wave of bank mergers and acquisitions, a trend that could intensify, banking experts say. “We could potentially see a record-setting year for bank mergers and acquisitions,” says John Asbury, president and CEO of Richmond-based Atlantic Union Bankshares Corp. and chairman of the Virginia Bankers Associat[...]
The annotated Powell Memo
The Powell Memo has been described as “a call to arms for corporations” and “a corporate blueprint to dominate democracy.” On the 50th anniversary of the controversial memorandum penned by Virginia lawyer (and future U.S. Supreme Court Justice) Lewis Powell Jr. for the U.S. Chamber of Commerce, Virginia Business reprints the memo in its entirety, […]
Free space
Six hundred. That’s how many Advance Auto Parts employees are bidding adieu to their desks, cubicles, printers, water coolers and commutes in Roanoke, the city where the company was founded in 1932. The giant auto parts retailer won’t be bringing back employees to its 275,288-square-foot office space at Crossroads Mall. They[...]
Peraton lands $130M DOD contract
Herndon-based national security contractor Peraton Inc. has received a five-year contract worth up to $130 million to assist the Department of Defense with modernizing computer applications to determine benefits eligibility, it announced Thursday. Under the Entitlements and Benefits Application Modernization and Sustainment program, Peraton will help the Defense Manpower Data Center (DMDC) upgrade nearly 100 […][...]
Sonny Merryman taps new president and CEO
Beginning Aug. 9, Caley Edgerly will take the wheel as president and CEO of Lynchburg bus dealer Sonny Merryman Inc., as current CEO Floyd Merryman III moves into his new role as executive chairman of the family business started by his father nearly 55 years ago. Edgerly previously served as president and CEO of North […]
CACI wins $496M Air Force contract
Arlington-based Fortune 500 federal contractor CACI Innovations Inc. has won a nine-year contract potentially worth $496 million with the U.S. Air Force Sustainment Center. Under the indefinite delivery, indefinite quantity Air Force Automated Test System Sustainment Initiative II contract, CACI will support the mission of the Ogden Air Logistics Complex in Utah. The contractor will […]
Noblis rebrands subsidiary to encompass defense portfolio
Reston-based Noblis is rebranding its McKean Defense Group subsidiary as Noblis MSD (mission solutions for defense), the not-for-profit federal contractor announced Wednesday. Noblis closed its acquisition of Philadelphia-based McKean Defense Group and its affiliates on April 30, creating a wholly owned subsidiary. Cabrillo Tech[...]
Va. jobless claims saw slight decrease last week
Virginia’s initial and continued unemployment claims decreased last week, the Virginia Employment Commission reported Thursday. For the filing week ending July 24, the state recorded 6,178 new jobless claims, down 126 from the previous week, while continued claims totaled 33,603, down 1,599 from the previous week. Compared[...]
