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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 [...]
Georgia senator made controversial investment in Lynchburg’s BWX Technologies
U.S. Sen. David Perdue, one of Georgia’s two incumbent Republican senators who are facing a Jan. 5 election runoff that will determine the balance of power in the Senate, made profitable purchases of shares in Lynchburg-based nuclear fuel supplier BWX Technologies Inc. — the Navy’s sole nuclear fuel provider — ju[...]
VCU raises $841.6M in record fundraising campaign
Virginia Commonwealth University announced Thursday it raised more than $841.6 million through its Make It Real Campaign — exceeding its goal of $750 million and marking the university’s largest campaign to date. The campaign launched publicly in September 2016 after a silent period that began in 2012. It closed this June, a year after it […]
15 Va. tech companies ranked fastest-growing in North America
Fifteen Virginia tech companies earned spots on Deloitte’s 26th annual North America Technology Fast 500 Rankings list released Wednesday. “For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — […]
UR offers ‘no loan’ financial aid to Richmond public school students
The University of Richmond is launching a “No Loan Program” in partnership with Richmond Public Schools, the university announced Wednesday. RPS graduates who attend the university can receive grants to pay for all demonstrated financial need — instead of loans that must be repaid. “We know that the thought of ta[...]
