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ASGN subsidiary buys Fla.-based tech firm
Henrico County-based Fortune 1000 professional services company ASGN Inc. announced Tuesday it has acquired Tampa, Florida-based information technology firm Integrated Solutions Management Inc. Financial terms of the transaction were not disclosed. Founded in 1991, ISM specializes in internet of things (IoT) technology, IT service and operations management. It will become part of ECS, a Fairfax-based […][...]
Mutual Assurance Society of Va. names VP innovation, marketing
Richmond-based Mutual Assurance Society of Virginia announced Tuesday that it has named Mark Crutcher as its inaugural vice president of innovation and marketing. Crutcher most recently was a senior product manager with Safe Auto and had previously served as Lititz Mutual’s vice president of marketing, underwriting and product development. “Mutual Assurance’s goal is to embrace […]
Henrico County announces $2.3B GreenCity arena project
Henrico County officials announced Tuesday plans for a $2.3 billion arena-anchored development, born out of the failed Navy Hill project proposal for downtown Richmond. But with private financing and no projected impact on county taxpayers, the GreenCity development may have a smoother path. Proposed on the 204-acre former Bes[...]
Richmond to select casino operator, site in summer 2021
The city of Richmond intends to select a resort casino site and operator in summer 2021, according to an announcement from Richmond Mayor Levar Stoney released Tuesday. The Virginia General Assembly earlier this year passed a law authorizing resort casinos to operate in each of five economically challenged cities, including Richmond. For the project to […]
Capital Region Small Business Development Center opens in Richmond area
Now part of the state’s Small Business Development Center (SBDC) network, the Capital Region SBDC opened this month to assist Richmond-area small business owners, Virginia Community Capital announced Monday. Funded by the U.S. Small Business Administration with $192,000 in CARES Act money, plus matching grant funds from re[...]
Long-delayed Genworth acquisition postponed again
Henrico-based Genworth Financial Inc. and China-based Oceanwide Holdings Group Co. Ltd. announced on Monday that Oceanside’s long-delayed $2.7 billion acquisition of Genworth has been reapproved by China’s National Development and Reform Commission, and the acquisition has been postponed until the end of December. With the Chinese government’s reapproval, Oceanwide will now move forward on the […][...]
Richmond office/retail building sells for $2.1M
A 9,492-square-foot building in Richmond has sold for $2,125,000, Cushman & Wakefield | Thalhimer announced Monday. Across West Broad Street from the Scott’s Addition neighborhood, the office/retail property at 3013-3015 Cutshaw Ave., purchased by 3001 Cutshaw LLC from 3015 Cutshaw Ave LLC, will be converted to an even[...]
Midlothian office building sells for $1.1M
An office building in Chesterfield County’s Midlothian area has sold for $1.1 million, S.L. Nusbaum Realty Co. announced last week. Located at 1700 Huguenot Road, the 11,830-square-foot office building is 90% occupied by 10 tenants, including a home remodeling company, an attorney’s office and an insurance agent, as well[...]
Amherst aims to redevelop training center campus
Amherst County regional stakeholders are drafting a plan to improve the campus of the former Central Virginia Training Center to attract potential developers. The state-owned facility, which housed Virginians with disabilities for more than a century, shut down this year in accordance with a 2012 agreement between the state and [...]
Appalachian Power denied rate increase by SCC
A rate increase sought by Appalachian Power Co. has been denied by the State Corporation Commission. According to a statement issued by the SCC on Tuesday, Appalachian Power was seeking to increase rates by approximately $10 per month for a typical residential customer using 1,000 kilowatt hours of electricity. Appalachian Power earned profits that were […]
Northam announces ‘Dopesick’ to film in Virginia
On Tuesday, Gov. Ralph Northam announced that “Dopesick,” an eight-episode limited Hulu series, will film in Central Virginia, the Shenandoah Valley and Roanoke region through the spring. Based on the bestselling nonfiction book “Dopesick: Dealers, Doctors, and the Drug Company that Addicted America,” by Roanoke journali[...]
Liberty raises $2M during inaugural Giving Day campaign
Liberty University raised more than $2 million on Nov. 17 during its inaugural Giving Day, an all-day fundraising campaign for academic departments, athletics programs and student scholarships, the university announced Friday. The university raised $2.003 million from more than 6,000 donors. Funding will go toward more than 100 [...]
