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VCU tests third COVID-19 drug, this time targeting inflammation
Researchers at VCU Health now are conducting trials on a third drug to help treat COVID-19, a medication that suppresses inflammation in people with a type of juvenile arthritis. Canakinumab is already approved by the U.S. Food and Drug Administration for use in arthritis patients, but a new study — launched April 29 at VCU [&[...]
Va. coronavirus cases surpass 25k
While Gov. Ralph Northam plans to begin easing some restrictions on businesses, Virginia saw 989 new COVID-19 cases on Monday, bringing the state’s total count to 25,070 New COVID-19 cases in Virginia have been climbing in recent days: Virginia saw 885 new coronavirus cases on May 10 and 854 new coronavirus cases on May 9.[...]
D.C./Va./Md. COVID-19 task force forms for economic strategy
Connected DMV, a regional nonprofit collaboration in Northern Virginia, Washington D.C. and Maryland, announced Thursday it has formed a 45-person COVID-19 Strategic Renewal Task Force to make formal recommendations for addressing short-term and long-term COVID-19-related economic recovery. Founded in 2019, Connected DMV focuses on economic development in Virginia, Washington, D.C., and Maryland. The task force […][...]
Va. COVID-19 cases rose 30.8% since last week
UPDATED MAY 10 The number of confirmed and probable coronavirus cases in Virginia rose by 30.8% between May 2 and May 9. During his May 8 news briefing about the state’s plan to begin the phased reopening of Virginia businesses, Virginia Gov. Ralph Northam said such increases are expected and due in part to increased [&hel[...]
Floyd County EDA receives $2.3M federal grant for growth center
The Floyd County Economic Development Authority announced this week it has received a $2.3 million grant from the U.S. Economic Development Administration to construct the first building for the Floyd Growth Center, a shared space in the Floyd Regional Commerce Center for small industrial companies. Different from a small business incubator, the center will allow […]
Norfolk buys former Military Circle hotel for $2.4M
Less than a week after Norfolk announced its purchase of the Military Circle Shopping Mall for $11 million, the Norfolk Economic Development Authority (EDA) said Thursday it has also approved a plan for the city to purchase the former DoubleTree Hotel at Military Circle for $2.4 million. The hotel property was listed for sale [...]
Nearly 1M U.S. construction jobs lost in April
The United States construction industry lost 975,000 jobs in April, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. It’s the largest recorded decrease in construction jobs since 1939 — when the government first started tracking employment, according to ABC. “The hope had been that […]
Land near Richmond stadium sells for $1.95M
A vacant plot of land in Richmond across from The Diamond baseball stadium has sold for $1.95 million, Colliers International announced Thursday. Located at 3110 N. Arthur Ashe Blvd., the property is 1.19 acres. The property is located directly across from the planned Boulevard redevelopment project, known as The Boulevard RVA. [...]
Northam: Virginia to reopen “slowly and deliberately”
Scheduled to go into effect on May 15, the first phase of Gov. Ralph Northam’s Forward Virginia plan for reopening businesses won’t look that much different to daily life now in Virginia, with a handful of exceptions. These include allowing retail stores and houses of worship to open at 50% capacity and restaurants t[...]
Plastics company plans 200 jobs, $34M investment in Pittsylvania
An Ohio-based plastics company is planning to invest $34 million in a new plant in Pittsylvania County, a project expected to bring 200 manufacturing jobs to the region over the next four years, local officials announced Friday. The 250,000-square-foot plant will be built on the former site of Burlington Industries in the Southern Virginia Multimodal […]
Va. COVID-19 cases now exceed 22,000
The total number of confirmed and probable COVID-19 cases in Virginia is now 22,342, according to the Virginia Department of Health’s Friday update, with 812 virus-related deaths and 3,059 people hospitalized. In the past 24 hours, there were 43 more deaths recorded — including confirmed and probable COVID-19 cases — and 772 more cases. Also, […]
Va. Beach apartment complex sells for $6.575M
The Falcon Point apartment complex in Virginia Beach has sold for $6.575 million, Colliers International announced Thursday. Seminole Trail Properties purchased the property from The Runnymede Corp. Located at 2105 Lake Smith Drive, Falcon Point includes 64 apartment units. It was constructed in 1971 and has received both exteri[...]
