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Va. Credit Union loses bid to expand membership
The Virginia State Corporation Commission ruled Wednesday that the Chesterfield County-based Virginia Credit Union cannot expand its membership to the Medical Society of Virginia, possibly resolving a three-year battle between the credit union, the Virginia Bankers Association and several community banks in the state. The credit[...]
Greater Washington Partnership taps new CEO
The Greater Washington Partnership has named Kathy Hollinger as its new CEO, the economic development organization announced Tuesday. Hollinger is the president and CEO of the Restaurant Association of Metropolitan Washington, which she has led since 2012. She begins at GWP Oct. 3, according to a news release. “This region is [...]
Leidos buys Aussie special missions biz
Reston-based Fortune 500 federal contractor Leidos Holdings Inc. has entered into an agreement with British technology aerospace manufacturer Cobham Ltd. to purchase the special missions business from its Australia-based Cobham Aviation Services subsidiary, according to a news release. Financial details of the deal, which will a[...]
ODU names exec director of research foundation
Old Dominion University has named Shannon Robinson as associate vice president of research and executive director of the ODU Research Foundation. Robinson comes to ODU from Clarkson University, her alma mater, where she has worked since 2017. She was associate vice provost for research and technology transfer at the private rese[...]
PRA Group hires communications exec
Norfolk-based PRA Group, a $1.1 billion debt-purchasing company, has hired Giovanna Genard as vice president of external affairs and marketing leader. Genard will develop and oversee PRA Group’s global external communications, public relations and brand strategy. Before joining PRA Group, Genard served as Old Dominion Univ[...]
Potter’s Craft Cider plans expansion
Albemarle County-based Potter’s Craft Cider will expand its production operation and add eight jobs, Gov. Glenn Youngkin’s office announced Friday. The company will undertake adaptive reuse of a vacant 11,500-square-foot warehouse in the Woolen Mills District near downtown Charlottesville. The new cidery, which will [...]
Northrop Grumman receives $3.3B missile defense contract
Falls Church-based Northrop Grumman Corp. has received a contract worth nearly $3.3 billion from the Missile Defense Agency to help defend the homeland from ballistic missile threats. The Fortune 500 aerospace and defense contractor will design, develop and sustain new capabilities for the next Ground-based Midcourse Defense Wea[...]
The Breeden Co. restructures property management division
The Breeden Co., a Virginia Beach-based real estate development firm, is restructuring its property management division. Barry Tomlin, vice president of property management at The Breeden Co. in Virginia Beach, will leave the company Aug. 5, Breeden announced last week. Tomlin has been with Breeden since 2007. “Over the last 10 years, we have created […]
Albemarle retail building sells for $2.3M
Woodhaven Development Group LLC purchased a 3,204-square-foot retail building in Albemarle County from First Citizens Bank & Trust Co. for $2.3 million. The property is located at 1815 Fortune Park Road in Albemarle and will be redeveloped. The building is on 1.35 acres of land off U.S. Route 29 near the Charlottesville-Albe[...]
Prosperity drives formation of regional group
Interim Pittsylvania County Administrator Clarence Monday knows what’s better than two localities working together: a whole region working to support them in a joint effort. “The partnership between Danville and Pittsylvania County is unusually strong, so it makes sense that Pittsylvania County is a partner in the econom[...]
Growth industry
When manufacturers thinking about setting up shop in Southern Virginia visit Pittsylvania County, the county’s economic development director, Matt Rowe, doesn’t just show off expansive, shovel-ready industrial sites. He also touts the region’s workforce, which includes many workers with advanced manufacturing s[...]
CVTC property inches closer to redevelopment
Once home to more than 3,600 people with intellectual disabilities and other conditions, the Central Virginia Training Center property in Amherst County is drawing closer to a different future. In June, Gov. Glenn Youngkin signed into law the latest state budget, which removed $25 million in tax obligations from the 350-acre sit[...]
