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Dominion Energy, Altria commit grant funding for small businesses
Updated 2:30 p.m. Aug. 27 Two Virginia corporate giants announced details Thursday on funding for small businesses in Richmond and Hampton Roads affected by protest-related damage and ongoing coronavirus hardships. Altria Group Inc., based in Henrico County, and Richmond-based Dominion Energy Inc. pledged $5 million each for small businesses and social justice organizations in June, […]
Va. hotel revenues continue to improve slightly
Virginia hotel revenues improved slightly last week, STR Inc. reported Wednesday. During the week of Aug. 16-22, hotel revenues decreased by 42% and rooms sold declined by 31% compared to the same week last year, but this marks a small improvement from the previous week, which saw a 44% decline in revenue and 32% decrease […]
Newport News-based ITA awarded $50M contract
Newport News-based defense contractor ITA International LLC was awarded a five-year, $50 million contract to consolidate and modernize the U.S. Air Force’s electromagnetic spectrum operations at Eglin Air Force Base in Florida, the company announced Tuesday. EMS includes an array of frequencies used for radios, GPS, cell phones and remotely controlled devices; previously used mainly […][...]
Virginia Natural Gas taps Robert Duvall as next president
Virginia Natural Gas President Jim Kibler will retire later this year, and former VNG president Robert Duvall will take his place, effective Sept. 4, the utility announced Tuesday. Duvall is currently senior vice president of customer operations at Southern Company Gas, VNG’s parent company. Duvall was president of VNG fro[...]
Va. hotel revenue inching upward
Hotel revenues in Virginia continued to incrementally improve last week, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. During the week of Aug. 9 through Aug. 15, hotel revenues in Virginia decreased by 44% and rooms sold declined by 32%, compared to the […]
Business optimism down among GovCon officials
Business optimism among government contractor (GovCon) officials has dropped 16% during the pandemic, according to the Gauge Report, an annual survey conducted by Dulles-based software company Unanet and New York City-based CohnReznick LLP. “These concerns and sentiments are to be expected given the current economic climate,” Kim Koster, Unanet vice president of GovCon strategy and […]
Suffolk shopping center sells for $2.72M
A shopping center in Suffolk sold for $2.72 million, Cushman & Wakefield | Thalhimer announced Tuesday. Located at 1910 N. Main Street, the 7,600-square-foot Obici Shops retail property was sold by Venture Obici LLC to Battlefield Consolidated Properties LLC as an investment. The property was 100% leased at the time of the s[...]
Sentara Healthcare to merge with N.C. health system
Norfolk-based Sentara Healthcare announced Wednesday it has signed a letter of intent to combine organizations with Greensboro, North Carolina-based Cone Health. Transaction details were not disclosed. Sentara President and CEO Howard P. Kern will oversee the combined organization, which will have about $11.5 billion in combined revenue. The corporate headquarters of each organization will remain […][...]
Two Va. companies included in $165.1M Army, Navy contract
Two Virginia-based companies were awarded parts of a $165.1 million contract to provide program management and technical services for the U.S. Army and Navy’s assault craft, submarines and surface ships. A total of five companies will work on the contract. Virginia Beach-based QED Systems Inc. was awarded $30.4 million and Arlington-based Gibbs & Cox was […]
COVID-19 cases surpass 100,000 in Virginia
Virginia has now recorded more than 100,000 cases of COVID-19 since it started tracking the coronavirus in February, the Virginia Department of Health recorded Monday. The state has 100,749 confirmed and probable cases, up 7,643 from Aug. 3. Virginia’s number of deaths went up by 109 last week to 2,327, and the statewide positivity rate […]
LISC Hampton Roads names program director
Regional nonprofit Local Initiatives Support Corp. (LISC) Hampton Roads announced Tuesday it has named Naomi Gunnell as its first program officer. Gunnell previously worked with the city of Norfolk as a management analyst, administering U.S. Department of Housing and Urban Development grants. She also served as a care coordina[...]
Va. Beach company names chief franchising officer
Virginia Beach-based franchise business operator Franchise Group Inc. announced Monday that Todd Evans has been hired for the company’s new role of chief franchising officer. Evans was most recently the vice president of franchising with Orlando, Florida-based electronic repair shop franchise chain uBreakiFix, where he playe[...]
