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History in the making
Cliff Fleet took the helm of the Colonial Williamsburg Foundation in January 2020 with a mandate to curb declining attendance and revenue at the nation’s largest outdoor living museum while maintaining its relevance to diverse 21st-century audiences. It was a tall order and one that became even more challenging two months late[...]
Northam partly rolls back Va. mask mandate
Virginians will still need to wear masks indoors and at large, crowded events outside, but Gov. Ralph Northam amended his executive order Thursday to allow fully vaccinated people — meaning those who received their final COVID-19 vaccine dose at least two weeks earlier — to remove their masks outdoors in small gatherings, fo[...]
VW named to Time magazine’s 100 Most Influential Companies list
Volkswagen Group, with its North American operations based in Herndon, was named this week to Time magazine’s inaugural 100 Most Influential Companies list, receiving accolades for its move into electric automobiles. The German automotive corporation has set aside $54 billion for electrified vehicles over the next five years, with plans for six new battery factories and […]
Modine expands Va. footprint, will invest $7M in Rockbridge County
Modine Manufacturing Co. will invest $7 million to convert its Rockbridge County warehouse into a manufacturing plant that will produce data center cooling solutions, creating 60 jobs, Gov. Ralph Northam announced Thursday. Headquartered in Wisconsin, Modine specializes in building thermal management systems and components and saw $2 billion in revenue last year. Modine has had […]
Commonwealth Cyber Initiative funds $1M for student cybersecurity projects
The Commonwealth Cyber Initiative has allocated $1 million toward experiential cybersecurity projects for students at universities across the state, the organization announced Thursday. The seven projects involve student researchers from George Mason University, Longwood University, Marymount University, Old Dominion University, Radford University, the University of Virginia, Virginia Tech and William & Mary. “By building experien[...]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
Va. new jobless claims up 171%
For the April 19-24 filing week, 37,356 Virginians submitted initial unemployment claims, a 171.6% increase from the previous week, but a 48.4% decrease from this time a year ago, when jobless claims were near a peak during the COVID-19 pandemic. The Virginia Employment Commission reports that last week’s number of initial[...]
Virginia Business wins four VPA awards
Virginia Business received four Virginia Press Association journalism awards this week, including two first-place prizes for news writing and magazine cover design in the specialty publications division. Deputy Editor Rich Griset placed first in the news writing portfolio category for three stories he wrote in 2020, including: F[...]
New president and CEO of Towne Financial Services Group named
Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the company’s chief banking officer, starts his new role effective May 1, TowneBank announced Thursday. His new duties include[...]
Traeger Grills plans $3M facility in Wythe County
Traeger Grills, manufacturer of the world’s top-selling wood pellet grill and signature hardwood pellets product, plans to build a $3 million manufacturing operation in Wythe County, Gov. Ralph Northam announced Wednesday. The company plans to purchase wood products exclusively sourced from Virginia and create 15 jobs in Wythe, the governor’s office said. Salt Lake City, […]
Sentara Healthcare named one of top 5 U.S. large health systems
Norfolk-based Sentara Healthcare was named one of the top five large U.S. health systems in an annual ranking by Fortune and IBM Watson Health released Tuesday. Sentara landed in fifth place, receiving five stars for clinical outcomes and operation efficiency and three stars for patient experience. This is the second year Sentar[...]
Ashburn-based CIS acquired by Indiana private equity firm
On April 20, Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Co. Inc. (HKW) announced that it had acquired Ashburn-based technology company CIS Secure Computing Inc. (CIS) from Oklahoma City-based Acorn Growth Cos. LLC. The financial terms of the transaction were not disclosed. CIS is a provider of secure and customized communications technologies that help […]
