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Dec 22, 2022

Sentara invests $11M in Newport News revitalization

Sentara Healthcare invested $11 million in Newport News’ Marshall-Ridley Choice Neighborhood revitalization initiative, the Norfolk-based health system announced Wednesday. Sentara is providing $11 million in loan financing support for the project’s second phase, which focuses on the former Ridley Place neighborhood. The pro[...]

Dec 21, 2022

Richmond receives 5 proposals for City Center project

Five groups of developers sent in proposals to redevelop Richmond’s newly rebranded City Center Innovation District, a 9.4-acre downtown area that includes the closed Richmond Coliseum, the Richmond Economic Development Authority and the Greater Richmond Convention Center Authority announced Wednesday. An evaluation panel [...]

Dec 20, 2022

Hilb Group acquires Ga. insurance agency

Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on ou[...]

The United Way of Southwest Virginia unveiled its Ready SWVA initiative to 150-plus local leaders at a Dec. 8, 2021, event. Photo courtesy United Way of Southwest Virginia
Dec 19, 2022

SWVA child care initiative receives $1.24M grant

The New River/Mount Rogers Workforce Development Board will receive $1.24 million in grant funding for Ready SWVA, a child care initiative launched by United Way of Southwest Virginia, Gov. Glenn Youngkin announced Monday. The United Way chapter launched Ready SWVA in December 2021 to expand access to affordable child care, stre[...]

David Boyle. Photo courtesy Burke & Herbert Bank & Trust Co.
Dec 19, 2022

Burke & Herbert Bank holding company elects new chair

Burke & Herbert Financial Services Corp. announced that President and CEO David P. Boyle will be chair of the board effective Jan. 1, 2023, the Alexandria-based holding company for Burke & Herbert Bank & Trust Co. announced Friday. Boyle joined the bank in 2019 and has been a bank director since 2020. He succeeds E. [...]

Dec 19, 2022

Leidos receives $334M Air Force hypersonics contract

Reston-based Leidos Inc. will help the Air Force develop its Mayhem hypersonic system under a $334 million contract, the Fortune 500 contractor announced Friday. Under the contract, Leidos will assist the U.S. Air Force Research Laboratory in developing the Expendable Hypersonic Multi-mission ISR (intelligence, surveillance and [...]

Dec 19, 2022

ODU hires associate VP for corporate partnerships

Civic Leadership Institute President and CEO Sarah Jane Kirkland will become Old Dominion University’s associate vice president for corporate partnerships on March 1, 2023, the Norfolk university announced Thursday. “Sarah Jane is well-known and highly respected in Hampton Roads, especially among business and industry leader[...]

Dec 15, 2022

Youngkin budget outlines EVMS/ODU merger by 2024

In his proposed budget amendments released Thursday, Virginia Gov. Glenn Youngkin lays out the framework and a timeline for the merger of Eastern Virginia Medical School and Old Dominion University, requiring it to take place by July 2024. Youngkin’s amendments to the 2022-24 state budget, which must be passed by the Gene[...]

Dec 15, 2022

M S International to open $61.6M Suffolk distribution center

M S International Inc. (MSI), a California-based flooring, countertop, wall tile and hardscaping products supplier, will invest $61.6 million to establish its East Coast distribution facility in Suffolk, a project expected to create 80 jobs, Gov. Glenn Youngkin announced Thursday. McDonald Development Co. will construct the 548,000-square-foot facility, which will be located at 2821 Holland […][...]

Dec 14, 2022

Floyd biochar producer to invest $2.6M in expansion

Floyd-based SWVA Biochar LLC, an absorbent charcoal producer, will invest $2.6 million to increase its Floyd County operations’ capacity, a project expected to create 15 jobs, Gov. Glenn Youngkin announced Wednesday. Biochar is a highly absorbent, specially produced charcoal made by heating biomass with little to no oxygen. The product is used for filtration systems […]

Dec 13, 2022

Potomac Yard Metro station set to open in May 2023

After more than two decades of planning, Alexandria’s Potomac Yard Metro station has a finalized opening date — May 2023 — according to the Washington Metropolitan Area Transit Authority, which announced its plans Tuesday. The station, Metrorail’s 98th in the Washington, D.C., region, was originally set to open i[...]

Dec 13, 2022

First look inside Rivers Casino Portsmouth

Rivers Casino Portsmouth will be the first permanent casino to open in Virginia when it opens its doors to the public on Jan. 15, 2023, but local media outlets got a sneak peek on Tuesday. With 28 days until opening — the casino will open for two “charity days” on Jan. 10 and 12 — […]

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