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Dickenson IDA gets $1.1M loan to purchase former mill site
The Dickenson County Industrial Development Authority received a loan of up to $1.175 million from the Virginia Coalfield Economic Development Authority to purchase the former Mountain Forest Products mill site, a 433-acre property in Dickenson and Wise counties, for future economic development. The site, which is adjacent to th[...]
Norfolk industrial building sells for $1.6M
An industrial building that houses Hampton Roads Church’s Norfolk location has been sold to an investor for $1.62 million, Cushman & Wakefield | Thalhimer announced last week. Stenke’s Homebase LLC, represented by Samuel W. Scott of Cushman & Wakefield | Thalhimer, purchased the 13,500-square-foot building at[...]
2021 Virginia CFO Awards
JOIN US JUNE 18 AT 11:30AM FOR THE CFO of the YEAR AWARDS 2021 2021 VIRGINIA CFO AWARDS Small company CFO Small nonprofit/foundation CFO Large company CFO Large nonprofit/foundation CFO Service and Integrity Award Keynote: THE ROAD AHEAD A LOOK INTO A POST CORONA VIRUS WORLD Hear from Marci McGregor, Senior Investment Strategist from Bank […]
SAIC to acquire Arlington-based tech contractor
Reston-based Fortune 500 government contractor Science Applications International Corp. (SAIC) has entered into a definitive agreement to acquire Arlington-based Halfaker and Associates LLC, a technology solutions provider to the federal government’s health, intelligence, defense and security sectors. Financial terms of th[...]
BDO USA names Hampton Roads market leader
Accounting firm BDO USA LLP announced Thursday that Edward Amorosso has been named market leader for the company’s Hampton Roads market, a promotion from his previous position as the Norfolk office’s managing partner and national co-industry leader in government contracting. Before joining BDO, Amorosso served as CEO[...]
W.Va.-based United Bankshares to acquire Essex Bank for $303M
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United Bank’s parent. After the companies announced the agreement Thursday, Community Bankers Trust’s stock rose 29.78% as of mid-afternoon to $11.94 per share and United Bankshares’ […][...]
Booz Allen Hamilton wins $674M DOD contract
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. was awarded a five-year, $674 million contract from the General Services Administration to maintain and support the growth of the Department of Defense’s Advana data analytics platform. “In response to increasingly advanced threats from global adversaries, the Department of Defense has placed a clear […][...]
Global manufacturer to move U.S. HQ to Danville/Pittsylvania area
Walraven Inc. will invest $7.15 million to relocate its U.S. headquarters and manufacturing operation from Cadillac, Michigan, to the Danville-Pittsylvania County area, creating 46 jobs, Virginia Gov. Ralph Northam announced Thursday. A manufacturer of installation systems such as pipe hangers and in-wall solutions for plumbing and mechanical applications, Walraven will move into the Cane Creek […][...]
Va. unemployment claims continue to decline
Virginia’s number of new and continued unemployment claims dropped again last week, with 8,090 initial claims filed during the week ending May 29, a decrease of 1,753 claims from the previous week, the Virginia Employment Commission reported Thursday. Continued claims totaled 52,228 last week, down 1,935 claims from the pr[...]
Loudoun’s JK Land Holdings purchases 270 acres for data centers
The founder and CEO of Sterling-based JK Moving Services has purchased 270 acres in Loudoun and Prince William counties to be used for data centers that will provide 500 megawatts of IT capacity. Chuck Kuhn, CEO of JK Land Holdings LLC and JK Moving Services, has partnered with Dutch data center developer and operator Yondr […]
Youngkin leads Va. campaign fundraising, but most is from his own wallet
Republican gubernatorial nominee Glenn Youngkin raised $8.3 million over April and May, the highest amount in Virginia’s gubernatorial field, according to campaign finance reports issued Wednesday. However, $6.5 million was from his own bank account, in personal loans made to his campaign over the past six weeks. Former Go[...]
Sentara, Cone Health call off merger
Sentara Healthcare and Greensboro, North Carolina-based Cone Health have abandoned plans for a merger first announced in August 2020, according to a joint statement released Wednesday from the two health care systems. The Sentara Healthcare Board of Directors and the Cone Health Board of Trustees came to the mutual agreement to [...]
