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Coffee roasting company to build Suffolk distribution center
Massimo Zanetti Beverage USA Inc. (MZB-USA) announced Thursday it will build a 355,933-square-foot distribution center in Suffolk to support its headquarters and main coffee roasting operations in Portsmouth. The distribution center will be located in the Virginia Port Logistics Park, which is located approximately 30 miles from the Port of Virginia. Construction on the warehouse […]
Phase Three timeline is coming Tuesday, Northam says
Gov. Ralph Northam said that he will provide information at Tuesday’s news conference about when the state could enter Phase Three of his “Forward Virginia” reopening plan, although he noted Thursday that the state will spend a minimum of two weeks in Phase Two, which started for most localities June 5. Richmon[...]
State General Fund revenues fell 20.6% in May
Due to the economic impacts of COVID-19, state General Fund revenue collections fell 20.6% in May, compared to May 2019, Gov. Ralph Northam announced Thursday. However, he noted in his afternoon news conference, this represents an improvement from last month and from an expected quarterly loss of $1 billion in revenue. In April, the state […]
Hotels saw 68% revenue drop in early June compared to 2019
Although the state has loosened some restrictions since entering Phase Two last Friday, Virginia hotels continued to see revenues drop in the first week in June by 68% compared to the same time a year ago, according to findings released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were […]
396K+ Virginians remain unemployed during pandemic
Nearly 400,000 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 822,300 initial unemployment claims have been filed since March 15, [...]
Shenandoah University removes Byrd Jr.’s name from biz school
Shenandoah University in Winchester announced Wednesday that its Board of Trustees has voted unanimously to remove the name of the late U.S. Sen. Harry F. Byrd Jr. from its School of Business and board room. “At Shenandoah, we encourage the best, the brightest, the inspired, to come learn with us, in the spirit of equitable [&[...]
Reston software company names new CFO
Reston-based software company LeaseAccelerator Inc. has hired Keith Haas as its new chief financial officer. A certified public accountant, Haas was vice president of finance for GeoEye, a Herndon-based satellite imaging company that is now a subsidiary of DigitalGlobe. He also held a prior leadership position at Herndon-based e[...]
Navy Federal Credit Union taps new CTO
Navy Federal Credit Union has hired Amtrak’s chief technology officer, Sovan Shatpathy, to serve as its new CTO, leading the credit union’s information services department. “Our ISD teams are behind nearly all of the technology our members and employees use,” said Navy Federal’s chief information officer, T[...]
Impact of reopening on COVID-19 rates may not be known till late June
As the state enters week four of reopening, the Virginia Department of Health probably won’t know if there’s a broad increase in COVID-19 cases until late June, State Health Commissioner Dr. Norman Oliver said Wednesday. Because of the virus’ two-week incubation time, plus time for testing and reporting results to [...]
The Harvest Foundation invests $1M in Virginia 30 Day Fund
The Harvest Foundation in Martinsville announced Wednesday it has invested $1 million in the Virginia 30 Day Fund to launch a new relief initiative to aid small businesses in Martinsville and Henry County. The Virginia 30 Day Fund’s Pay it Forward MHC Small Business Relief Fund will provide forgivable loans of up to $3,000[...]
Virginia Chamber releases blueprint for reopening
The Virginia Chamber of Commerce on Wednesday released its “Blueprint for Getting Virginians Back to Work” plan, which provides reopening guidance to businesses and policymakers. “As our government and business leaders consider how to best recover from the COVID-19 pandemic, it is important that they have the guidance to ensure consumer confidence and worker safety,” […]
Axios to cover bail, medical bills for employee protesters
Arlington County-based digital media company Axios distributed a companywide email stating that it would cover bail or medical bills for employees who have participated in recent protests associated with the police killing of George Floyd, The New York Times first reported Tuesday. “First, let me say we proudly support and encourage you to exercise your […]
