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Central Va. CEOs ‘unhappy’ with pace of reopening
Although a majority of Central Virginia CEOs have an improved outlook for sales, capital spending and employment for the next six months, they’re unhappy with the pace of reopening, according to a follow-up 2020 CEO Economic Outlook Survey released Friday by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs […]
VMFA plans public reopening July 4
In an email to members Thursday, Virginia Museum of Fine Arts announced it would reopen to the public July 4, and to members on July 1. The Richmond museum closed in March due to the COVID-19 pandemic and has remained shut since, except for its grounds, where many people gather in nice weather. “As the […]
Focused Ultrasound Foundation names board members
The Focused Ultrasound Foundation, based in Charlottesville, announced Thursday it has named two Virginia executives to its board of directors: Scott C. Beardsley, University of Virginia Darden School of Business dean, and Mike Lincoln, Cooley LLP global business department chair. Beardsley became the Darden School’s dean in 2015 and is also the Charles C. Abbott […]
UK software company buys Chesterfield’s Mapcom Systems
Chesterfield County-based telecommunications software company Mapcom Systems announced Tuesday that it has been acquired by United Kingdom-based geographic software company VertiGIS. Financial terms of the transaction were not disclosed. “Mapcom’s customer-centric approach to digitalizing processes and solving challenges with location technology matches well with ours,” VertiGIS President and CEO Richard Wiegmann said in a sta[...]
Charlottesville energy companies move toward merger
Charlottesville-based energy company Tiger Fuel Co. announced Friday it has acquired 40% of the shares of Altenergy Inc., which is also based in Charlottesville — a first step in the acquisition of Altenergy to be completed in March 2021. “Altenergy and Tiger share a common commitment to doing the right thing for our customers, our […]
Altria to donate $5M to social justice nonprofits, businesses
Henrico County-based Fortune 500 tobacco manufacturer Altria Group Inc. announced Friday that it will donate $5 million to national and local organizations that address systematic racism and small businesses that have been affected by vandalism associated with recent protests and rioting. “These are difficult times, and we must find ways to embrace our differences, address […]
Dominion commits $5M to social justice nonprofits, businesses
As protests over the killing of George Floyd by a police officer in Minneapolis have spread into a nationwide movement against systemic racism and injustice, the Dominion Energy Charitable Foundation announced Thursday that it will donate $5 million to nonprofits and minority-owned and small businesses within Dominion Energy Inc.’s 20-state footprint. Of the $5 million […]
Suburban businesses board up windows amid protest climate
As rumors — some false — circulated on social media that heated racial-justice protests like those seen in Richmond might turn to the suburbs, several businesses in suburban Henrico and Chesterfield counties boarded up store windows out of apparent concern for potential looting and vandalism that didn’t materialize. Fl[...]
Henrico real estate firm names chief strategy, investment officer
Glen Allen-based real estate investment company Capital Square announced Thursday it has promoted Whitson Huffman as its chief strategy and investment officer. He was previously the company’s senior vice president and head of acquisitions. In his new role, Huffman will oversee investments including 1031 exchanges, opport[...]
PeakLogix to be acquired by Michigan company
Chesterfield County-based PeakLogix, a national material handling systems integrator, has entered into a definitive agreement to be acquired by Michigan-based Alta Equipment Group Inc. Terms of the acquisition were not disclosed. Located in Midlothian, PeakLogix specializes in the design and installation of warehouse automation and storage systems. The company generated approximately $25 million in revenue […][...]
Governor, Richmond mayor aim to remove Confederate monuments
In the wake of protests in the city of Richmond, Mayor Levar Stoney announced Wednesday afternoon that he and City Council member Mike Jones will put forward an ordinance July 1 to remove all Confederate monuments on Monument Avenue. The statuary, which has drawn large numbers of protesters — including some from other states �[...]
Picking up the pieces
At 3:30 a.m. Sunday, May 30, Greg Milefsky stood in the middle of his store, Balance Bicycle Shop, on Richmond’s West Broad Street. The windows were broken, and the bikes — those for sale and ones left by customers for repair — were all gone. “People were coming in and stealing everything that was left,” […]
