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February 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2022, to Jan. 13 included an update on the planned merger of Eastern Virginia Medical School into Old Dominion University. 1 | Youngkin budget outlines EVMS/ODU merger by 2024 EVMS would merge with ODU by July 2024, according to Gov. Glenn Youngkin’s proposed […]
Tech researchers aim to transform power grid
Across the American landscape about 3,000 more wind turbines have popped up every year since 2005, and more than 2.7 million homes in the U.S. now sport solar panels. The power grid also is transforming, but the system is still better suited to centralized coal-fired plants, not widely dispersed sources of renewable energy. A fo[...]
Incubator hopes to grow Virginia winemaking
Tim and Ben Jordan are first-generation grape growers on a Shenandoah Valley farm that has been in their family since the 1700s. Although the brothers “leapt off the ground quite blindly” to pursue their passion, Tim Jordan says — first planting grapes in 2007 — their dream of building a winery on the farm proved [&hel[...]
After the crisis
During summer 2020, racial inequities took center stage in the United States as protesters took to the streets after the murder of George Floyd, a 46-year-old Black man, by a Minneapolis police officer was captured on video and widely disseminated via social media and news outlets. Corporate America also responded, primarily thr[...]
Danville lacks housing options for workforce
Danville is having a “Field of Dreams” dilemma. The famous movie quote, “If you build it, they will come,” rings all too true in the former mill town, which is attracting companies to its industrial parks and old Dan River Mills properties, along with a $650 million casino. It’s good news on paper, but where […]
Fort Monroe development moving forward
Apartments, a 250-person event center, a boutique hotel, a 500-seat restaurant, a marina and a firing range will soon dot the landscape at Fort Monroe with the help of historic tax credits, public funds and private investment. Hanover County-based Echelon Resources Inc. was named master developer by the Fort Monroe Authority for[...]
‘Flight to quality’
When Jessica Bronner wants to meet up with friends for a drink or meal, she doesn’t have to move her car from the garage at Ink, the luxury apartment building where she lives in Richmond’s trendy Scott’s Addition neighborhood. Developed by Glen Allen-based Capital Square and completed in January 2022, the 80-unit Ink is on[...]
Lynchburg area needs more industrial sites
Megan Lucas knows all too well that no product means no project in economic development, especially when it comes to pad-ready sites and move-in-ready buildings. The lack of pad-ready sites and industrial spec buildings in the Lynchburg region is the major reason the area has missed 65 economic development opportunities that cou[...]
Boeing receives $2.25B Air Force tanker contract
Arlington-based Boeing Co. will help the Air Force expand its fleet of KC-46A Pegasus tanker aircraft under a $2.25 billion contract modification announced by the Pentagon Friday. The award covers the service’s ninth production lot and includes 15 of the tankers as well as data, subscriptions and licenses. To date, 68 KC-4[...]
Norfolk’s MacArthur Center mall listed for sale
Downtown Norfolk’s struggling mall, MacArthur Center, is officially on the market. A listing from real estate company JLL describes the 23-acre property as “a compelling redevelopment opportunity.” The listing encourages prospective buyers to “reimagine a major asset in the Norfolk [central business distr[...]
Va. Bar Association installs 2023 president
Benjamin D. Leigh became the 2023 president of the Virginia Bar Association on Jan. 22, the Richmond-based professional association announced Thursday. With a practice focused on real estate, Leigh is a principal at Leesburg-based Troxell Leigh PC, which he co-founded as Mims, Atwill & Leigh PC in 2002. Before that, he worke[...]
Atlantic Union Bank names CIO
Matt Linderman is Atlantic Union Bank’s new chief information officer, the bank’s Richmond-based holding company, Atlantic Union Bankshares Corp., announced Friday. Linderman was previously the chief technology officer of PNC Financial Services Group Inc. Prior to that, he was PNC’s senior vice president of data center and[...]
