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Port expansion project nears finish line
The Port of Virginia announced Monday that the final group of stacking cranes needed to complete the $375 million crane addition portion of expansions at both the Norfolk International Terminals and Virginia International Gateway arrived May 14. The offloading process began the next day, Friday, May 15, and continued through the[...]
Virginia Port Authority CEO retiring next March
John F. Reinhart, CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia, announced at a board meeting Tuesday that he plans to retire in March 2021. “A lot of thought went into this decision, but when I consider the growth and maturity of this organization and the level of […]
Va. Beach military contractor announces $4M expansion
Virginia Beach-based military-industrial contractor SJS Executives LLC announced Tuesday it has received a $125,000 grant from the Virginia Beach Development Authority that will be used toward workspace and workforce expansion, as part of its Economic Development Investment Program (EDIP). As part of its expansion, the company plans to make a total of $4 million in […]
Trump administration chooses RVA pharma startup for $354M COVID-19 contract
Richmond-based drug manufacturing company Phlow Corp., which incorporated this year, announced Tuesday that the Trump administration has awarded it a $354 million, four-year contract to manufacture in the U.S. generic medicines and pharmaceutical ingredients needed to treat COVID-19, creating an American supply chain for medical[...]
Va. sees 1,005 new COVID-19 cases in last 24 hours
While much of Virginia continues Phase One of Gov. Ralph Northam’s Forward Virginia reopening plan, Virginia reported a spike of 1,005 new COVID-19 cases Tuesday — the second time since Saturday that the commonwealth saw the daily number of confirmed and probable new coronavirus cases rise above 1,000. The state now has [...]
Reopening weekend largely positive for restaurants
Reopening weekend was largely positive for restaurants and other businesses in Virginia localities that entered Phase One of Gov. Northam’s Forward Virginia plan on Friday. “It was actually very busy,” said Brad Smith, general manager of Quaker Steak & Lube on Bristol’s State Street. “We were bu[...]
McAuliffe joins advisory board of Herndon’s HawkEye 360
Herndon-based satellite company HawkEye 360 Inc. announced Monday that former Virginia Gov. Terry McAuliffe and former National Security Agency Deputy Director Chris Inglis have joined its advisory board. The company also announced earlier this month that David Farnsworth was named its chief financial officer. “HawkEye 360 i[...]
SAIC names executive VP, strategic growth officer
Reston-based defense contractor Science Applications International Corp. (SAIC) announced Monday it has named Dorothy “Dee Dee” Helfenstein as its executive vice president and chief strategic growth officer — a newly created position at the company. Helfenstein most recently was the executive vice president at McLean-bas[...]
Norfolk nonprofit awards $2M to small businesses to battle sea level rise
Norfolk-based nonprofit organization RISE announced Monday that up to $2 million will be allocated among five small businesses to advance the design of products to help coastal communities adapt to sea level rise and flooding. “Once again, RISE demonstrates the value of their unique model in providing economic development opportunities as solutions for Virginia to […]
Chincoteague pony swim canceled for first time since WWII
For the first time since World War II, the annual Chincoteague Pony Penning celebration, scheduled to begin July 2, has been canceled, Alex Tucker, president of the Chincoteague Volunteer Fire Company Inc. announced Monday. “Please understand that this was not an easy decision to make, with the last pony penning being cancel[...]
35 Virginia companies make 2020 Fortune 1000 list
Thirty-five Virginia-based companies made Fortune magazine’s 66th annual Fortune 1000 list, which was released Monday. The list ranks the 1,000 largest United States corporations by total revenue. Of the 35 Virginia companies, 22 made the elite Fortune 500 list. Science Applications International Corp. (SAIC) is the only Virginia newcomer to the Fortune 500 list. Last year […]
Caesars wins bid in Danville casino project
After taking bids from several companies, Danville officials announced Monday that the city is in negotiations with Caesars Entertainment to be the preferred operator of a Danville-based casino. Voters will still need to approve the casino in a November local referendum. The $400 million resort is proposed for the former Dan Riv[...]
