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City of Richmond moves up in general obligation debt rating
Moody’s Investors Services upgraded the city of Richmond’s general obligation debt rating to Aa1, its second-to-highest creditworthiness rating, Richmond Mayor Levar Stoney announced Tuesday. A city’s credit rating determines the amount that a locality may borrow for capital projects, including schools. The city has not received an upgrade since 2014. With this change in rating, […][...]
Virginia Values Veterans program certifies 1,000th employer
Reston-based computer software company Carahsoft Technology is the 1,000th employer to earn certification from the state government’s Virginia Values Veterans (V3) program, Gov. Ralph Northam announced Tuesday. Administered by the Department of Veterans Services, the V3 program is designed to connect Virginia veterans to t[...]
Bill seeks to clarify workers’ rights for pregnant, lactating employees
For employees who are pregnant or lactating, their workers’ rights are sometimes viewed as vague and can be difficult to discern for them and business owners alike. In Virginia, Sen. Jennifer McClellan, D-Richmond, hopes to clear things up once and for all. Her bill, SB712, is designed to expand upon the federal law that protects […]
Norfolk Southern moving Roanoke distribution center, locomotive shop to Pennsylvania
Norfolk-based Norfolk Southern Corp. (NS) is moving its Roanoke distribution center and locomotive shop operations to Pennsylvania, the company announced Tuesday, affecting a total of 104 employees in the Roanoke Valley area. The Fortune 500 rail transportation company will move those jobs and its associated work to Altoona, Pen[...]
$1.3M in state funding goes to support computer science SOLs
More than $1.3 million in state grants will go toward preparing students for Virginia’s Computer Science Standards of Learning tests, Gov. Ralph Northam announced Monday. The funding will be used for teacher professional development, computer science curriculum creation, instructional resources, assessments, programming and work opportunities. Underserved populations will receive priority when grants are awarded, Northam […[...]
International Space Station resupply mission launched from Wallops Island
The 13th cargo resupply mission (NG-13) took off Saturday afternoon from Wallops Island in Accomack County to the International Space Station (ISS). The spacecraft will deliver more than 8,000 pounds of cargo to the space station, Gov. Ralph Northam said. The Virginia Commercial Space Flight Authority, NASA Wallops Flight Facility and Falls Church-based defense contractor Northrop […]
BWX Technologies awarded $1B nuclear propulsion contract
A subsidiary of Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) was awarded approximately $1 billion in contracts from the U.S. Naval Nuclear Propulsion Program for the manufacturing of naval nuclear reactor components, the company announced Monday, bringing the company’s naval nuclear propulsion contracts up to nearly $4 billion. BWXT Nuclear Operations Group Inc. will […][...]
Northam announces $292.5M revenue windfall
A mid-session revised revenue forecast has resulted in the state government projecting a windfall of $292.5 million in additional revenues for fiscal year 2020, which ends on June 30, Gov. Ralph Northam said in a letter on Friday to the General Assembly Money Committees. According to state statute, $112.3 million of that $292.5 [...]
Warner, Kaine announce nearly $95 million for Va. affordable housing
Nearly $95 million in federal funding has been earmarked for affordable housing in Virginia, U.S. Sens. Mark R. Warner, D-Virginia, and Tim Kaine, D-Virginia, announced Friday. The funding comes from the U.S. Department of Housing and Urban Development through four grant programs, including the Community Development Block Grant (CDBG) program, the HOME Investment Partnerships (HOME) […]
Analysis: 1,000+ Democrat-backed bills pass by crossover
RICHMOND, Va. — A record number of bills passed in the House of Delegates ahead of the “crossover” deadline, considered the halfway point in the session when a bill has to pass its chamber or it dies. Democrat-led efforts like marijuana decriminalization, removal of war memorials, and an assault weapons ban squeezed pa[...]
General Assembly snuffs marijuana legalization hopes for now
RICHMOND, Va. — Going into the 2020 legislative session, advocates say Democratic leaders had an ambitious marijuana reform agenda. By crossover day, several decriminalization bills passed their respective chambers, but hopes of legalization went up in smoke. Lawmakers, who say that the state isn’t ready for legaliza[...]
Three-building office portfolio in Chesapeake sells for $8.4M
Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Develo[...]
