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Hotel revenues stay low as pandemic enters eighth month
Moving into the eighth month of the pandemic, Virginia hotel revenues continue to decline when compared to last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Oct. 25 through Oct. 31, hotel revenues in Virginia decreased by 45% […]
All four Va. casino referendums pass in landslide
Voters in Bristol, Danville, Norfolk and Portsmouth overwhelmingly supported local referendums allowing four commercial casinos to be built in their cities, with results declared two hours after polls closed at 7 p.m. According to the Virginia Department of Elections, citizens in the four Virginia cities voted close to two to on[...]
Richmond braces for election impact
RICHMOND, Va. — Organizations and residents in Richmond are bracing for potential activity related to the U.S. presidential election results. Richmond city officials said they will work with local and state partners to ensure public safety during and after the election. “We encourage all residents to peacefully participa[...]
Va. candidates and groups drop $12M+ on Facebook ad spending
RICHMOND, Va. — In an election forecasted to have record voter turnout, political campaigns have deployed a multiplatform media blitz. Facebook is for more than likes these days, with the platform getting its share of Virginia political and issue spending to the tune of over $12.7 million in a recent three-month period, according to the […]
GO Virginia funds $9M in workforce development, economic recovery grants
The Growth and Opportunity for Virginia (GO Virginia) state economic development initiative has allocated grants totaling more than $9 million for workforce development and assisting communities with economic recovery, Virginia Gov. Ralph Northam announced Tuesday. A $7.8 million allocation will support 11 regional projects and two statewide projects aimed at workforce development initiatives. Another allocation […][...]
Reston telemedicine company goes public
Reston-based telemedicine technology provider SOC Telemed on Monday opened at $10 per share on the Nasdaq stock exchange. The company announced its public offering on Friday following its merger with Healthcare Merger Corp. (HCMC), a special purpose acquisition company. Merger transaction details were not disclosed. “Today marks an important milestone for SOC Telemed in our […]
HII lands $284.2M in contract modifications on USS JFK
The U.S. Navy awarded Newport News-based Huntington Ingalls Industries (HII) $284.2 million in contract modifications to deliver the Ford-class aircraft carrier USS John F. Kennedy (CVN 79) to the branch, the U.S. Department of Defense announced Monday. The delivery will be done in one phase. The Navy decided to change the two-p[...]
Securitas Critical Infrastructure Services Inc. rebrands as Paragon
Herndon-based Securitas Critical Infrastructure Services Inc. (SCIS) announced late last week it has rebranded under its subsidiary Paragon Systems Inc.’s (Paragon) name. The rebranding will include a new company image, website and brand implementation. It will become fully effective Jan. 1, 2021. “In working with our board over the past year, we have made significant […]
Six SWVA projects receive ARC funding
More than $3.9 million in funding will go toward recovery health programs, broadband infrastructure expansion, workforce development, natural gas line improvements and rural tourism and job growth efforts in Southwest Virginia, Gov. Ralph Northam announced Monday. The funding will be disbursed through six Appalachian Regional Commission’s (ARC) Partnership for Opportunity and Workforce and Economic Revitalization […][...]
$1.2M grant approved for Dickenson County industrial site
A grant for up to $1.2 million in infrastructure improvements to the Red Onion Industrial Site in Dickenson County was recently approved by Virginia Coalfield Economic Development Authority board. The funds, which will be given to the Dickenson County Industrial Development Authority, will be used to help finance site grading, site development, access road construction […]
COVID-19 on rise in Va., as nation sees cases surge
Virginia recorded an increase of 9,143 COVID-19 cases and 77 deaths last week, according to Virginia Department of Health statistics reported Monday, Nov. 2. The state’s positivity rate climbed from 5% to 5.8%. Virginia’s case numbers are relatively low compared to other states, which have seen positivity rates zoom far above 10% in recent weeks. […]
Dominion proposes nine new solar projects
Richmond-based Dominion Energy Inc. proposed a new slate of projects on Monday that would bring nearly 500 megawatts of solar energy to Virginia customers, enough to power around 125,000 homes at peak output. The proposal, which the utility called “its largest slate yet of new solar projects” in a statement, was submitted fo[...]
