Sign In
Free Newsletter
Wells Fargo makes $1.5M donation for small business loans
Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, announced Thursday it has donated $1.5 million to Richmond-based nonprofit Virginia Community Capital (VCC) to help local minority and/or woman-owned small businesses stay open and save jobs amid the pandemic. During the next two years, the VCC will disburse $1 million of the funding in […]
Dominion Energy makes $1M donation to Virginia 4-H
Dominion Energy Inc. has donated $1 million to Virginia 4-H, a nonprofit educational program for youth hosted by Virginia Tech, the university announced Thursday. The donation marks the largest cash gift in the history of the state’s largest youth organization. Virginia 4-H educational centers serve more than 13,000 campers ea[...]
10 Va. companies make world’s most admired list
Of 332 companies ranked by Fortune magazine as the “World’s Most Admired Companies,” 10 Virginia companies made the list, according to rankings released Friday. The list is compiled from the Fortune 500 and Fortune Global 500 lists, which rank companies based on revenue. The World’s Most Admired Companies list ranks companies based on corporate reputation. […]
Rush Street Gaming announces general contractor for Portsmouth casino
Rush Street Gaming, the developer and gaming operator for the upcoming $300 million Rivers Casino Portsmouth, announced Friday it has chosen a joint venture between Virginia Beach-based S.B. Ballard Construction Co. and Philadelphia, Mississippi-based Yates Construction as the resort casino’s general contractor. Ballard an[...]
South African COVID-19 variant case reported in Va., governor says
UPDATED 4 P.M. FEB. 5 Gov. Ralph Northam said Friday the highly contagious South African variant of COVID-19 has shown up in a case in Virginia, identified by private laboratory Labcorp on Thursday. The sample came from an adult in Eastern Virginia, according to the Virginia Department of Health, which said it was “investi[...]
Virginia House advances paid leave bill for essential workers
RICHMOND, Va. — The Virginia House of Delegates passed a bill on Thursday which would provide paid leave to essential workers. House Bill 2137, introduced by Del. Elizabeth Guzman, D-Woodbridge, would require essential businesses to offer paid leave to their workers, according to the bill. Employees must be offered a minim[...]
Northam calls General Assembly special session to start Feb. 10
In a proclamation Thursday, Gov. Ralph Northam said he will call the General Assembly back to work next Wednesday for a special session immediately following the end of the 30-day regular session. In effect, the order will expand the 2021 General Assembly session to its typical length of 46 days. The reason behind the proclamation […]
Why the Richmond Fed has zero Black Ph.D. economists
The Federal Reserve Bank of Richmond is one of only five Fed banks that employs zero Black Ph.D. economists, according to a New York Times report this week. Of the 12 Federal Reserve banks, seven employ only one or two Black Ph.D. economists, which Fed officials blame on lack of Black talent in the economics […]
Norfolk shipping, logistics company to create 400 jobs through $36M expansion
Shipping and logistics company CMA CGM Group will keep its North American headquarters in Norfolk and invest $36 million to expand its Hampton Roads and Northern Virginia operations, creating more than 400 jobs, Gov. Ralph Northam announced Thursday. The French company opened its first Virginia office in 2002 in Virginia Beach and in 2005 moved […]
Health Wagon says it hasn’t received COVID-19 vaccine doses
The head of The Health Wagon, the Wise County-based free clinic system that serves more than 5,600 patients in Southwest Virginia, many with medical vulnerabilities, said in a Thursday interview on “CBS This Morning” that the clinic has not received any COVID-19 vaccine doses from the state government. According to t[...]
Leidos lands $2B contract to provide military counseling
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Tuesday it has received a $2 billion contract to provide nonmedical counseling to military service members and their families through the Department of Defense’s Military and Family Life Counseling (MFLC) program. Under the contract, Leidos will [...]
Peraton announces business sectors, leadership appointments
On the heels of major acquisitions, Herndon-based national security contractor Peraton is dividing the company into four business sectors and has made a slate of leadership appointments. A subsidiary of New York-based private equity firm Veritas Capital, Peraton announced in January it is acquiring Chantilly-based federal contractor Perspecta Inc. for $7.1 billion. And on Feb. […]
