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Urban Land Institute Va. chapter elects new chair
Chesterfield County’s director of community enhancement, Daniel Cohen, has been elected chair of the Urban Land Institute’s Virginia District Council and will begin chairing the district board on July 1, the nonprofit announced today. The Virginia district serves more than 420 members in the Hampton Roads, Richmond and Charlottesville metro region, working to shape communities […][...]
COVID roundup: Parts of Va. open vaccinations to all over age 16
As of Monday, parts of Virginia have entered the second phase of COVID-19 vaccination — allowing all Virginians age 16 and older to receive shots, according to the Virginia Department of Health. The entire state is set to enter phase 2 by April 18, Gov. Ralph Northam announced last week. The following counties are in […[...]
Virginia sees major housing inventory shortage
Across Virginia and the nation, real estate experts are singing the same tune: We’re facing a major housing inventory shortage that shows no signs of letting up soon. “Inventory is down about 44% compared to a year ago and it’s about a third of what it was five years ago,” says Lisa Sturtevant, chief economist [&[...]
Dominion’s Tom Farrell dies one day after retiring
Thomas F. Farrell II, the longtime chairman, president and CEO of Dominion Energy Inc., died Friday, one day after retiring as the Richmond-based Fortune 500 utility’s executive chair and top leader. Farrell, 66, was battling cancer, according to an announcement from Dominion. “Tom was a peerless mentor and outstandi[...]
Va. sports betting rakes in $265M during first month
Virginians bet $265 million on sports during February, the first full month for legal sports wagers in the commonwealth, according to data released Thursday by the Virginia Lottery. The house wound up winning — but just barely — with bettors making $253 million between Feb. 1-28, including the Feb. 7 Super Bowl, when people bet […]
CarMax to acquire remaining stake in Edmunds
Goochland County-based used car giant CarMax Inc. announced Thursday that it had signed an agreement for full ownership of vehicle research website Edmunds.com Inc. in a cash and stock deal. In January 2020, CarMax invested $50 million to acquire a minority stake in Santa Monica, California-based Edmunds. CarMax, a Fortune 500 c[...]
PPP loans deadline extended to May 31
Businesses and banks received a two-month extension to apply for Paycheck Protection Program loans this week, as President Joe Biden signed legislation delaying the deadline for the latest round of PPP loans from March 31 to May 31. This week’s extension takes some of the pressure off bankers and businesses, says Steve Yeakel, president and […]
Virginia National Bank finalizes merger with Fauquier Bank
The parent company of Virginia National Bank announced the completion of its merger with Fauquier Bankshares Inc. today, creating a combined bank with $1.7 billion in assets and $1.5 billion in deposits as of Dec. 31, 2020. The merger, announced in October, brings together Charlottesville-based Virginia National Bankshares Corp. and the Warrenton-based parent company of […]
Va. new unemployment filings up last week, VEC reports
The number of initial unemployment claims filed during the week ending March 27 were 75% lower than they were this week a year ago, when the COVID-19 pandemic’s impact was fully reflected in Virginia’s unemployment statistics. However, the number of new filers increased from the previous week. The Virginia Employment[...]
All Va. adults to be eligible for vaccines by April 18
Gov. Ralph Northam announced Thursday that all Virginians age 16 and older will be eligible to get the COVID-19 vaccine starting April 18, ahead of a May 1 national deadline set by President Joe Biden. Northam made the announcement during a visit to a vaccination clinic at First Mount Zion Baptist Church in Prince William [&hell[...]
TMEIC Corp. in Roanoke consolidates with Texas operation
The parent of Roanoke-based TMEIC Corp. is merging its two United States operations effective April 1, the company announced this week, naming Manmeet S. Bhatia president and CEO of the new entity, TMEIC Corporation Americas. Dale Guidry is stepping down as president and CEO of TMEIC Corp. and into an advisory role until retirem[...]
Tom Farrell retiring from Dominion Energy
After 14 years leading Richmond-based Dominion Energy Inc., Thomas F. Farrell II is retiring as the utility’s executive chairman, effective April 1, according to Securities and Exchange Commission filings submitted by the Fortune 500 company last week. Farrell is also stepping down from the company’s board of directo[...]
