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Riverside Medical Group names president, chief medical officer
Riverside Medical Group (RMG), the medical group for Newport News-based Riverside Health System, announced Wednesday Dr. Thomas Kayrouz has been named as president and chief medical officer, overseeing more than 600 providers and 100 practice sites. With a career in pediatric critical care medicine and physician-led health car[...]
AHLA: Va. stands to lose 86K+ hotel jobs without federal support
Virginia stands to lose 86,821 hotel-related jobs if Congress doesn’t extend Paycheck Protection Program loans or expand the Main Street Lending program, according to projections released Wednesday by the American Hotel & Lodging Association (AHLA) — and the state may lose all but about 500 hotels to foreclosure. Pre-pandemic, Virginia was home to 1,532 hotels, […]
Va. offshore wind industry could create 5.2K jobs, study finds
The offshore wind industry could create up to 5,200 jobs in Virginia (with a majority in Hampton Roads) and an estimated $740 million in total economic activity during the next several years, according to an economic impact analysis conducted by Henrico County-based Mangum Economics and released Tuesday by the Hampton Roads Alli[...]
Suffolk city manager resigns
Suffolk City Manager Patrick Roberts has resigned, effective Oct. 2. Suffolk City Council accepted Roberts’ resignation during a special meeting on Monday evening after returning from a closed session. Albert Moor was appointed as interim city manager and will assume the position Oct. 3. “It is with extremely heavy hea[...]
Change in the air
After almost a decade of planning, Dominion Energy Inc. will begin harnessing offshore wind power this fall as two massive test turbines go into operation off the coast of Virginia Beach. Standing about 600 feet tall, the 12-megawatt turbines are the cornerstone of Dominion’s Coastal Virginia Offshore Wind (CVOW) pilot project[...]
Good deeds
The pandemic hasn’t seemingly slowed down commercial real estate development and transactions in Hampton Roads. Despite significant financial hits to the hospitality industry, the $125 million, 305-room Marriott Virginia Beach Oceanfront opened in June, the second phase of Gold Key | PHR’s three-phase, $350 million renovatio[...]
A healthy outlook
Even as the COVID-19 pandemic stresses Virginia hospitals, Hampton Roads’ health care sector continues to grow. Richmond-based VCU Health System is making inroads in the region through partnerships with Riverside Health System and Sentara Healthcare. In March, VCU Health System announced a formal affiliation with Newport News-[...]
On the fast track
Six Hampton Roads-based companies, including two newcomers, landed on the Virginia Chamber’s 2020 Fantastic 50 list of the state’s fastest-growing privately owned businesses. Due to the coronavirus pandemic, the winners were recognized during a virtual event held in May. To qualify for the Fantastic 50, nominees’ fiscal revenues had to exceed $200,000 and be less […]
Chips on the table
On Election Day, Norfolk and Portsmouth voters will decide whether to hold ’em or fold ’em. The two Hampton Roads cities will consider separate Nov. 3 ballot referendums on large casino projects that promise jobs, tax revenue, increased area tourism and funds for school construction. “It’s new for Virginia, for sure,” [...]
Making bank
Suffolk-based TowneBank maintains its dominance among Hampton Roads financial institutions, holding nearly a quarter of the market share. In late June, TowneBank and Children’s Hospital of the King’s Daughters jointly purchased the 22-story Norfolk Southern tower in downtown Norfolk for $30 million. TowneBank’s market share increased slightly from last year, when it had 22.29% of […]
By land, sea and air
Faced with challenges associated with the COVID-19 pandemic, many Hampton Roads businesses and universities are looking to drones for help. Unmanned flight systems also are likely to drive economic development in the future. In May, when the fear of dwindling personal protective equipment was still fresh, the Herndon-based Cente[...]
The big dig
With construction beginning this fall to expand the Hampton Roads Bridge-Tunnel (HRBT), relief is on the way for travelers weary of sitting in traffic jams along one of south-eastern Virginia’s most congested corridors. The $3.8 billion expansion is the largest project in the history of the Virginia Department of Transportatio[...]
