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CoStar to purchase Norfolk-based Homes.com for $156M
CoStar Group Inc. announced Wednesday it has reached an agreement to purchase Homes.com, a division of Norfolk-based Dominion Enterprises, for $156 million in cash. Homes.com is a residential property listing and marketing portal that brings nearly 1.8 million residential property listings each month to its membership base of more than 500,000 residential real estate agents […]
VEDP, Martinsville receive $3.9M in federal grants
The city of Martinsville and the Virginia Economic Development Partnership have been awarded $3.9 million in federal CARES Act grants to boost economic development during the downturn related to the COVID-19 pandemic, the U.S. Department of Commerce announced Thursday. Martinsville will receive a $3 million grant from the Commerce Department’s Economic Development Administration to expand […][...]
VMI names Wins new superintendent
Retired U.S. Army Maj. Gen. Cedric T. Wins was named Virginia Military Institute’s new superintendent by the VMI Board of Visitors on Thursday. Wins, who has served as interim superintendent at VMI since November 2020, is a 1985 graduate of the state-supported military college in Lexington. “Maj. Gen. Wins has distinguis[...]
Va. new unemployment claims fall 466% from previous week
About 5,000 Virginians filed initial unemployment claims for the week ending April 10, a 95% decrease from this time a year ago when jobless claims were near their peak during the COVID-19 pandemic. Last week’s 5,034 new claims were 466% lower than the previous week’s, when 28,526 people filed, according to the Virgi[...]
Tazewell metal manufacturer to create 40 jobs in expansion
No comment yet from Ozzy Osbourne or AC/DC, but Tazewell County-based heavy metal manufacturer Lawrence Brothers Inc. is set to expand, creating 40 jobs with a $3.2 million investment, the governor’s office announced Thursday. The family-owned company plans to upgrade and modernize its equipment at the Lawrence Road facili[...]
Rockingham County produce stand expands to 27-acre facility
Mount Crawford-based Overlook Produce and Farm Adventures will invest more than $850,000 to construct a produce packing facility and retail market pavilion on a 27-acre site in Rockingham County, according to an announcement Wednesday from Virginia Gov. Ralph Northam. Located off Interstate 81’s Exit 240, the facility will replace Overlook Produce’s roadside produce stand and […][...]
Fed says Fifth District economy shows moderate growth
The economy has grown “moderately” in recent weeks, with strong production increases, employment rising and consumer spending up in the Federal Reserve’s Fifth District, which includes Virginia, North Carolina, South Carolina, West Virginia and Maryland, according to the latest edition of the Fed’s Beige Book, released Wednesday. The Beige Book, which is published eight times […][...]
Mary Baldwin University announces $5 million gift
William H. “Bill” Goodwin Jr. and his wife, Alice, have made a $5 million gift to Mary Baldwin University to fund the launch of a new hybrid doctor of nursing practice degree program. The prominent Richmond philanthropic couple, who have given tens of millions of dollars to charitable causes, said in a statement that they [&[...]
Hampton Roads bank receives regulatory approval
Integrity Bank for Business, a new bank forming in Virginia Beach, has received all necessary regulatory approvals to open for business as a bank, it announced Wednesday. The approvals obtained include: the issuance of a Virginia state bank charter from the Virginia State Corporation Commission and the Virginia Bureau of Financi[...]
Virginia expands Medicaid access for legal immigrants
RICHMOND, Va. — Ni Kin became a permanent resident in 2002 at 70 years old, but she was unable to work after moving from Myanmar to Virginia due to mobility problems. Kin required more medical attention related to her condition as she aged, but was unable to see a doctor because she didn’t have insurance, […]
Va. woman’s death connected to Johnson & Johnson vaccine pause
A 45-year-old Virginia woman’s death due to a rare blood clot days after receiving the Johnson & Johnson COVID-19 vaccine is connected to the Centers for Disease Control & Prevention’s call for a pause on administering the one-dose vaccine, state health officials confirmed Tuesday. “The U.S. Centers for[...]
Hampden-Sydney receives $12M gift from alum’s estate
Hampden-Sydney College announced Tuesday it has received a $12 million gift — the second-largest in the history of the 245-year-old private men’s college — from the estate of a 1937 graduate and his wife. The estate of M. Blair Dickinson Jr. and Sarah “Lucile” Lawton Dickinson bequeathed the gift to the college, which Blair Dickinson […]
