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SBA Paycheck Protection Program loaned nearly $9B to Va. businesses
Before the Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund ran out Thursday morning, Virginia banks processed more than 40,000 applications totaling nearly $9 billion, the Virginia Bankers Association announced Friday evening. Small businesses that received the forgivable loans are allowed to use the funds to meet payroll costs and pay […][...]
Va. Tech gears up to produce PPE for Carilion
Although the Roanoke and New River Valley health districts are seeing fewer confirmed COVID-19 cases than health districts in Northern, Eastern and Central Virginia, the Roanoke-based Carilion Clinic health care system has asked Virginia Tech to help it stockpile personal protective equipment (PPE) in the event of a surge in cas[...]
Survey shows 24M jobs lost since labor market stats last released
Approximately 24 million jobs have been lost since the last United States Department of Labor market statistics were released in mid-March, according to a survey conducted by economists at Virginia Commonwealth University and Arizona State University. “[This is] an unheard of loss in any economic downturn since the Great Depression,” said Adam Blandin, a VCU […]
Va. Beach commercial real estate development company names president
Virginia Beach-based The Runnymede Corp. announced Friday it has named Matthew Fine as president of the family-owned commercial real estate development company. Fine has been on the company’s board of directors for 30 years and managed a Hampton Roads portfolio for 20 years. He is also a founding director of Townebank Norfolk [...]
Roanoke County laying off 287 part-time workers
Roanoke County announced Friday it will lay off 287 part-time employees, many of whom work in the parks and recreation department. The layoff will start April 24 and “is intended to be temporary, pending future economic conditions,” according to a news release. The cuts affect 232 parks and recreation workers, 50 in public libraries and […]
Northam issues order to expand state health care workforce
With an estimated 30,000 medical workers needed in the event of a surge of COVID-19 cases in Virginia, Gov. Ralph Northam has issued an executive order aimed at making it easier for nurse practitioners, fourth-year medical students, residents, interns and out-of-state doctors to assist hospitals and long-term care facilities wit[...]
Stafford office building sells for nearly $15M
An office building in Stafford sold for $14.725 million, real estate company Colliers International announced Wednesday. The buyer is confidential, according to Colliers, and Stafford property records have yet to release the updated ownership. Golden Eagle Group was the previous owner, having bought the building in June 2018 f[...]
Virginia Aquarium names VP of marketing
The Virginia Aquarium & Marine Science Center in Virginia Beach announced Thursday it has named Natalie Sims as its vice president of marketing. Sims was most recently the marketing senior leader for SeaWorld, Aquatica and Sesame Place in San Diego, and previously the marketing director for Busch Gardens in Williamsburg. I[...]
VMFA furloughs 221 part-time staffers, effective April 26
In an email to Virginia Museum of Fine Arts members, Director and CEO Alex Nyerges said Friday that all part-time wage staff members who are “not performing mission-critical services” will be furloughed, effective April 26. The furlough will affect 221 people, a spokesperson said. This will give the employees an oppo[...]
VCU Wilder School names new dean
Virginia Commonwealth University announced Wednesday that Susan T. Gooden is now dean of the university’s L. Douglas Wilder School of Government and Public Affairs. Gooden has been the interim dean of the school since May 2018 and has been with VCU since 2004, when she started as an associate professor in the Wilder School. Sh[...]
Former Ruby Tuesday location to become Generac store
A former Ruby Tuesday in Henrico County has sold for $1.9 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 5,451-square-foot property is located at 9830 W. Broad St. and sits on just more than an acre of land. Morrison Restaurants Inc. purchased the property in August 1993 and the restaurant was built in 1994,[...]
Former Tailored Brands warehouse in Richmond sells for $2.2M
A former Tailored Brands warehouse in Richmond sold for $2.2 million, Cushman & Wakefield | Thalhimer announced Tuesday. The warehouse is located at 3215 Williamsburg Road in the city of Richmond. Richmond-based D1 Moving LLC purchased the 52,500-square-foot facility, which sits on nearly 6 acres of land. D1 Moving, which [...]
