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Va.’s maritime industry has $8B economic impact, report says
Virginia’s non-military maritime industry was responsible for one in five jobs in Virginia and more than $8 billion in state and local taxes during fiscal 2022, according to a recent study conducted by William & Mary. The Virginia Maritime Association and the Virginia Port Authority commissioned the study to demonstrat[...]
Gov. proposes $90M to launch ‘Va. Research Triangle’
In a preview of his 2024-26 proposed budget, Gov. Glenn Youngkin announced Monday that he is including $90 million in one-time funds to create “Virginia’s Research Triangle,” a network between the University of Virginia, Virginia Commonwealth University and Virginia Tech to build collaboration in biotechnology,[...]
NoVa Black Chamber of Commerce hires exec director
LeAnn White became the new executive director of the Northern Virginia Black Chamber of Commerce in November, the Tysons-based chamber announced Thursday. White has more than 20 years of banking sector experience. She was previously assistant vice president and business development officer at Fairfax-based FVCbank, according to [...]
Noblis CIO set to retire in April 2024
Gail Hogan, Noblis’ chief information officer and vice president, will retire after 44 years, the not-for-profit federal contractor announced Thursday. Her last day is April 5, 2024. In addition to overseeing the company’s IT workforce, Hogan assumed leadership for Noblis’ facilities, real estate and corporate asset management. Noblis has started an executive search for the […]
Va. Beach Vision exec director to retire
Martha McClees, executive director of business advocacy group Virginia Beach Vision, plans to retire next year after 16 years, the organization’s board announced Tuesday. McClees, who joined VBV in 2008, said in a Nov. 30 letter to the board that she would retire May 31, 2024. The board, led by Virginia Wesleyan University[...]
$729M federal transportation package will finish Long Bridge expansion
The most significant rail choke point on the East Coast will be fixed as part of a $729 million federal funding package for transportation projects in Northern Virginia and Washington, D.C., U.S. Sens. Mark Warner and Tim Kaine and Virginia Gov. Glenn Youngkin announced Thursday at an event in Arlington County also attended by a[...]
CFBP fines Atlantic Union Bank for overdraft program
The Consumer Financial Protection Bureau fined Richmond-based Atlantic Union Bank on Thursday for illegally enrolling thousands of customers in checking account overdraft programs, according to a news release. The enrollments took place between 2017 and 2020, according to the bank. The bureau found that Atlantic Union, a subsidi[...]
U.Va. breaks ground on Manning biotech institute
The University of Virginia began construction Friday on the $350 million Paul and Diane Manning Institute of Biotechnology. Paul and Diane Manning launched the institute with a $100 million donation in January. Paul Manning founded PBM Products, which became the world’s largest privately owned infant formula and baby food busi[...]
Raleigh-to-Richmond rail project receives $1B federal grant
A passenger rail route between Raleigh, North Carolina, and Richmond will receive a $1 billion U.S. Department of Transportation grant, U.S. Sen. Thom Tillis, R-North Carolina, announced Tuesday. The approximate 162-mile route will be along the currently out-of-service CSX Transportation “S-Line” as part of a Southeast corri[...]
Sentara takes sole ownership of Velocity Urgent Care
Sentara Health is now the sole owner of Velocity Urgent Care, the Norfolk-based health system announced Monday. In 2017, Sentara partnered with Velocity and transferred the operations of seven Sentara Urgent Care facilities to its joint venture with Velocity and a third party. Now Sentara, which declined to name the third party,[...]
A British invasion at Norfolk’s Chrysler Museum
This week, Beatles legend Sir Paul McCartney’s photography exhibit makes the second stop on its global magical mystery tour, with the show’s U.S. debut at the Chrysler Museum of Art in Norfolk. Museum officials say attendance is expected to be higher than any previous exhibit at the 90-year-old Chrysler, with inquiri[...]
Hampton Roads hotel revenues outpace Va., country
Hotel revenues in Hampton Roads outpaced Virginia and the nation through October, according to a report from Old Dominion University’s Dragas Center for Economic Analysis and Policy, citing data from STR, a division of CoStar Group that provides market data on the U.S. hospitality industry. Through October, hotel revenues we[...]
