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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 […]
Graham Holdings Co. to acquire Leaf Group Ltd. for $323M
Arlington-based Graham Holdings Co. announced Tuesday that it has entered into an agreement to acquire Santa Monica, California-based consumer internet company Leaf Group Ltd. in a $323 million, all-cash transaction. Graham Holdings will acquire all outstanding shares of Leaf Group’s common stock at $8.50 per share. The transaction is expected to close in June or […]
Virginia public transit grapples with reduced ridership, zero fare
RICHMOND, Va. — Virginia public transit systems from Northern Virginia to Hampton Roads are looking for a path forward after losing riders and revenue during the pandemic. Some transit systems have been harder hit than others. “We are serving a market of essential workers that can’t stay home; they have to use our service,” said […]
International logistics company announces $61M Norfolk expansion
Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company, plans to expand its operation in Norfolk, investing $61 million and creating 35 jobs, the governor’s office announced Tuesday. A subsidiary of Belgian logistics service provider Katoen Natie, the Norfolk company was established in 2011 at the former Ford Motor Co. assembly plant […]
