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386K+ remain unemployed in Va. during pandemic
UPDATED 4 P.M. FRIDAY | More than 386,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims across the commonwealth continues to decrease. The Virginia Employment Commission (VEC) announced Thursday that 849,486 initial unemployment claims have [...]
Duke’s Mayo to be name sponsor of former Belk Bowl game
Duke’s Mayonnaise, owned by Richmond’s C.F. Sauer Co., will be the title sponsor of a regular-season college football game in September and a bowl game hosted in Charlotte, North Carolina, the company announced Thursday with the Charlotte Sports Foundation. Financial terms of the four-year contract were not disclosed[...]
Charlottesville Chamber to distribute reopening toolkits
The Charlottesville Regional Chamber of Commerce on Wednesday announced that its COVID-19 economic recovery initiative Project Rebound will distribute 500 reopening toolkits to local businesses starting Monday, June 22. The Project Rebound toolkits include branded items that communicate standards such as complying with occupancy[...]
Virginia gets new digits
On Wednesday, the Virginia State Corporation Commission (SCC) announced that the North American Numbering Plan Administrator has assigned a new area code, 826, to relieve future exhaustion of the 540 area code, which is expected to occur in 2022. Residents and businesses in the affected region will not lose their existing 540 phone numbers under […]
$2.48M in state research grants awarded to tech firms, universities
Gov. Ralph Northam announced Wednesday that $2.48 million in grant funding from the Commonwealth Research Commercialization Fund (CRCF) will be dispersed among small technology businesses and universities to be used to commercialize research in sectors including clean energy, cybersecurity, data analytics, life sciences and unmanned systems. “These entrepreneurs and innovators are on the front lines […][...]
Chicago company acquires Reston-based PagnatoKarp
Reston-based wealth management firm PagnatoKarp has been acquired by Chicago-based Cresset Asset Management, the companies announced Wednesday. A transaction amount was not disclosed, but with the acquisition of PagnatoKarp, Cresset now has $9.5 billion in assets under management. PagnatoKarp had $2.3 billion in assets under management prior to the acquisition. “PagnatoKarp was born during the Great […][...]
McLean-based Mars Inc. to change Uncle Ben’s rice brand
After weeks of racial inequity protests and the removals of Confederate monuments across the United States, McLean-based global food product manufacturer Mars Inc. announced Wednesday it is “evaluating all possibilities” for changing the branding on its Uncle Ben’s rice products. Uncle Ben’s has been branded with an im[...]
Eastern Mennonite University president to serve second term
Eastern Mennonite University President Susan Schultz Huxman has been appointed to a second five-year term, the Harrisonburg-based private liberal arts university announced Tuesday. Huxman began her first term on Jan. 1, 2017. The university board of trustees unanimously approved the appointment, which will be effective Oct. 1 [...]
Allianz Partners names new CEO
Henrico County-based travel insurance company Allianz Partners announced Wednesday that Elena Edwards has been promoted to CEO of the German company’s United States business unit. The company employs approximately 1,000 people in the Richmond region. She succeeds Michael J. Nelson, who left the company for another travel indus[...]
Va. Economic Developers Assoc. announces award recipients
The Virginia Economic Developers Association (VEDA) announced Tuesday the recipients of its 2020 Community Economic Development Awards (CEDA): the city of Harrisonburg for its Bricks & Clicks Initiative and a regional economic development collaboration among Pittsylvania County, Danville and the Southern Virginia Regional Al[...]
GO Virginia Region 3 names program director
Growth and Opportunity for Virginia’s Region 3 Council announced Tuesday it has named former Orange County Administrator Bryan David as program director for the region, which includes the cities of Danville and Martinsville. In his new role, David will lead the operations of the Region 3 GO Virginia Council in collaboratio[...]
Global law firm opens Tysons office
Atlanta-based global law firm King & Spalding LLP will open its 22nd office in Tysons, the Fairfax County Economic Development Authority (FCEDA) announced Tuesday. Founded more than 130 years ago, King & Spalding employs more than 1,100 lawyers across 22 offices in the United States, Europe, the Middle East and Asia. T[...]
