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Washington Redskins will retire name, logo
After nearly 88 years, the Ashburn-based Washington Redskins announced Monday morning that it will retire the Redskins name and logo after weeks of discussion over what many see as a discriminatory and derogatory name against Native Americans. A new team name has not been announced. Monday’s announcement comes after a July 3 s[...]
Martinsville credit union announces leadership changes
Martinsville-based ValleyStar Credit Union announced Friday it has promoted Lisa M. Lambrecht to executive vice president. She was previously the chief financial officer at the credit union. In her new role, she will report to the president and CEO, and oversee the CFO, chief operating officer, chief marketing officer, the risk [...]
Falwell voices support for renaming Lynchburg
Liberty University President Jerry Falwell Jr. said he supports changing the name of the city of Lynchburg, calling it an “embarrassment to Liberty University ever since we started” because of perceived racist connotations. He also said in an interview Sunday that the university plans to reopen with “business a[...]
Central Va. CEOs have improved outlook for next 6 months
While Virginia remains in Phase Three of Gov. Ralph Northam’s Forward Virginia plan, Central Virginia CEOs have an improved outlook for sales, capital spending and employment for the next six months, according to a follow-up 2020 CEO Economic Outlook Survey released Friday by the University of Richmond’s Robins School of Business and the Virginia Council […]
Broadband service might expand in Powhatan County
Powhatan County announced Friday an expansion of its broadband partnership with Central Virginia Services Inc. that could provide fiber optic high-speed internet access to 1,559 locations in the western part of the county, if the project receives federal grant funding. CVSI operates Firefly Fiber Broadband, a subsidiary of Central Virginia Electric Cooperative (CVEC), which provides […]
Henrico County industrial facility sells for $9.39M
An industrial facility in eastern Henrico County has sold for $9.39 million, Richmond-based real estate firm Porter Realty Co. Inc. announced Friday. Located at 4650 Oakleys Lane, the 229,829 square-foot facility sits on more than 23 acres and features dock and drive-in loading. The property was sold by 4650 Oakleys Lane LLC t[...]
Ashburn firm wins Dept. of Homeland Security award
Ashburn-based tech company Cignal LLC announced Thursday it has won a Phase 1 award from the U.S. Department of Homeland Security’s Science and Technology Directorate to develop technologies for X-ray inspection systems using artificial intelligence models. The award amount from the department’s Silicon Valley Innovation Program was not disclosed. “We are proud to be working […][...]
Reston tech recruiting firm names president
Reston-based Revature LLC announced Thursday that Amit Sevak has been tapped as president of the entry-level tech recruiting company. Sevak was most recently a senior adviser to the company. In his new role, he will work to expand Revature’s network of U.S.-based university partners. He will also serve on the executive committ[...]
State deficit stands at $236.5M, down from $1B spring forecast
The state’s fiscal year 2020 deficit, predicted at one point to reach as much as $1 billion, stands at $236.5 million, Gov. Ralph Northam announced Thursday. Also, the state’s revenues increased by 2% compared to fiscal year 2019. The news comes as the General Assembly prepares to meet in August to make adjustments to the […]
Chesterfield office building sells for $2.4M
A Chesterfield County office building has sold for $2.4 million, Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Wednesday. Located at 530, 540 and 550 Southlake Blvd., the 43,544-square-foot property was 100% leased at the time of the sale to companies including industrial manufacturing company Ingersoll Ran[...]
Va. among highest in nation for jobless claims last week
Virginia had the fourth-highest increase in initial jobless claims in the nation last week, according to U.S. Department of Labor (DOL) statistics released Thursday. The DOL statistics released Thursday morning shows that 33,069 Virginians filed initial jobless claims last week, while the VEC report released Thursday afternoon s[...]
Primland, Salamander nominated for USA Today resort list
Two Virginia resorts have landed on a list of 20 nominees for USA Today’s 10Best readers’ choice award for favorite destination resorts. Primland, in Meadows of Dan, and Middleburg’s Salamander Resort & Spa are nominated for the final list, which will be determined by readers’ ballots through July 27.[...]
