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Cameron Foundation awards $1.13M in local grants
Petersburg-based The Cameron Foundation announced Tuesday it has awarded $1.13 million in grants to 24 nonprofit organizations in Central Virginia during its first round of funding for 2020. The two largest economic development grants went to Virginia’s Gateway Region and Virginia Local Initiatives Support Corp. (LISC). Virginia’s Gateway Region was awarded $136,063 for general operating […][...]
Virginia Employment Commission closes HQ due to COVID-19
The Virginia Employment Commission is temporarily closing its Richmond headquarters office after the fourth VEC employee in three months has tested positive for COVID-19, the VEC announced Tuesday. The closure affects 350 employees who work out of the Richmond office. VEC call centers and district offices have not been affected and will continue to process […]
VCU, UCLA research could lead to better computer memory storage
Researchers at Virginia Commonwealth University and the University of California, Los Angeles (UCLA), released research findings Tuesday that could lead to more energy efficient memory storage for computers and other electronic devices. Magnets are used for computer memory due to their “up” or “down” polarity. The magnet[...]
Two Va. lawyers plead guilty in $200M extortion plot
Two Virginia lawyers have pleaded guilty to an extortion plot targeting a multinational chemicals company with demands for $200 million in “consulting fees,” according to a U.S. Department of Justice news release. Lawyers Timothy Litzenburg of Charlottesville, and Daniel Kincheloe of Glen Allen, both pleaded guilty June 19 in Charlottesville federal court. They face up […]
Genworth Financial acquisition delayed again
The $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China-based Oceanwide Holdings Group Co. Ltd. has been postponed — yet again — the companies announced Tuesday. The Virginia State Corporation Commission’s Bureau of Insurance reapproved the merger, and the companies agreed to a 15th waiver and agreement to each party’s right to terminate […]
United Way of Greater Charlottesville teams up with Va. 30 Day Fund
The United Way of Greater Charlottesville announced Monday it has partnered with the Virginia 30 Day Fund with a goal to disburse $100,000 in funding to local early education centers, family day homes and minority-owned businesses facing financial challenges due to COVID-19. The United Way has made an initial $24,000 seed grant [...]
Richmond Airport CEO named secretary, treasurer of American Assoc. of Airport Executives
The Alexandria-based American Association of Airport Executives (AAAE) announced Friday its 2020-21 leadership board, which includes Richmond International Airport President and CEO Perry Miller, who was tapped as the organization’s secretary and treasurer. Kelly Campbell, executive director of aviation at the Lubbock Pr[...]
Lumber company to invest $11M in Caroline County
Gatesville, North Carolina-based lumber company Ashton Lewis Lumber Co. will invest $11 million to establish a specialty Southern yellow pine sawmill in Ruther Glen (part of Caroline County), Gov. Ralph Northam announced Friday. The company has also committed to sourcing 90% of its pine lumber purchases from Virginia forestland owners as part of the investment. […]
‘Our chance to restart and reinvent’
As part of its COVID-19 economic recovery initiative Project Rebound, the Charlottesville Regional Chamber of Commerce on Thursday released a blueprint outlining recovery action steps for the business community. Produced by Big Four accounting firm KPMG LLP, the “Blueprint for Economic Resiliency and Reinvention in the Great[...]
VUU appoints associate provost for research
Virginia Union University announced Wednesday it has appointed Terrell Strayhorn as associate provost for research, innovation and graduate education. He will also serve as director of the Center for the Study of HBCUs (historically Black colleges and universities) and as a tenured professor of urban education in the Evelyn Reid[...]
Capital Square hires VP of capital markets
Henrico County-based real estate investment company Capital Square announced Wednesday it has named Marc Slavny as executive vice president of capital markets and director of due diligence. He will be responsible for overseeing capital markets and fundraising, creating the firm’s due diligence team, as well as designing and im[...]
Virginia Bankers Association elects new board officers
The Virginia Bankers Association (VBA) announced Tuesday the newly elected officers for its 2020-21 board of directors: Chairman John C. Asbury and Chairman-Elect Leton L. Harding Jr. Asbury has been the president and CEO of Richmond-based Atlantic Union Bankshares Corp. since October 2016, and has served as CEO of its holding company since January 2017. […]
