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VCU study: Labor market continues slow recovery
The labor market continued to recover during the week ending Oct. 3, but at a slower pace than the start of the recovery, according to a report released Tuesday from economists at Virginia Commonwealth University and Arizona State University. “The latest results show that, since April, employment has recovered two-thirds of the way back to […]
Dominion, Appalachian Power team up to expand energy storage
Virginia electric utility giants Appalachian Power and Dominion Energy Inc. announced Tuesday a public-private partnership with InvestSWVA that aims to expand renewable energy storage technology and attract industry prospects in Southwest Virginia. “With the greater proliferation of renewables, energy storage expansion will be a vital component in providing stability to our grid and support our […][...]
Report: Paramilitary group discussed kidnapping Northam
Six men charged with plotting to kidnap Michigan Gov. Gretchen Whitmer also discussed kidnapping Virginia Gov. Ralph Northam, according to an Associated Press report Tuesday. In a statement responding to the report, Northam’s office blamed President Donald Trump’s “LIBERATE VIRGINIA” tweet in April for &#[...]
The Hilb Group acquires Md.-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it acquired Annapolis, Maryland-based Insurance Solutions (ISI), effective Oct. 1. Transaction details were not disclosed. This marks THG’s 12th acquisition within the past year. Founded in 1989, ISI is a full-service employee benefits agency[...]
General Dynamics receives $327.8M submarine contract modification
The U.S. Navy last week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $327.8 million contract modification to continue development studies, design work and lead yard support for the branch’s Virginia-class submarines, the U.S. Department of Defense announced Oct. 9. Electric Boat originally received a $434.4 million contract […][...]
EY names five Virginians as mid-Atlantic entrepreneurs of the year
Virginia businesspeople took home five of the 12 Entrepreneur of the Year Mid-Atlantic Awards announced last week by multinational professional services company Ernst & Young LLP. The Virginia winners for the 2020 Entrepreneur of the Year Mid-Atlantic Award were: 3Pillar Global Inc. | David DeWolf, Fairfax HUNGRY Marketplace | Jeff Grass and Shy Pahlevani, Arlington […]
VCU study: COVID-19 accounted for 67% of March-Aug. U.S. deaths
For every two deaths attributed to COVID-19 in the U.S., a third American dies as a result of the pandemic, according to a study led by Virginia Commonwealth University researchers published in the Journal of the American Medical Association. The study shows that deaths between March 1 and Aug. 1 increased by 20% when compared […]
Va. continues COVID-19 case decline
Virginia saw an increase of 7,013 COVID-19 cases last week, as well as 85 deaths, according to the Virginia Department of Health’s Oct. 12 update. The state’s positivity rate, 4.5%, decreased by 0.3% since Oct. 5. The state has reported 159,570 total cases and 3,361 fatalities since the pandemic began. Only one health district statewide […]
Indigenous trust fund will receive annual Norfolk casino funds
On Virginia’s first state-recognized Indigenous Peoples’ Day, the Pamunkey Indian Tribe announced Monday that its proposed casino in Norfolk would provide between $3.5 million and $4 million each year to the Virginia Indigenous People‘s Trust Fund. The proposed $500 million casino and resort is on the Nov. 3 ge[...]
Herndon defense contractor wins $102M Navy contract
Herndon-based national security contractor Peraton announced Monday it has been awarded a $102 million follow-on contract by the U.S. Navy Strategic Systems Programs (SSP) for work on the branch’s strategic weapons systems. Under the engineering services contract, Peraton’s services will include acquisition, development, deployment and operational support of the reentry body aspects of the Navy’s […][...]
Carilion receives nearly $1M USDA telehealth grant
Roanoke-based Carilion Clinic announced Monday it received a nearly $1 million grant from the U.S. Department of Agriculture (USDA) for its Telemedicine Expansion and Optimization Project. The USDA awarded Carilion Clinic a $947,983 grant through its 2020 distance learning and telemedicine grant program. The grant will fund virtual care centers, teleneurology service access and portable […]
Armada Hoffler buys Richmond apartment complex for $25M
Virginia Beach-based Armada Hoffler Properties Inc. announced last week it has completed the $25 million acquisition of the Edison Apartments in Richmond. The 174-unit, 12-story property was originally built in 1919 as the headquarters for the Virginia Electric and Power Co. (now Dominion Energy Inc.) and was renovated and rep[...]
