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300+ Alexandria small businesses receive COVID-19 funding
More than 300 small businesses in Alexandria were funded by the Alexandria Back to Business (ALX B2B) grants program in the wake of the COVID-19 crisis, the Alexandria Economic Development Partnership (AEDP) announced Thursday. In May, Alexandria City Council committed $2.4 million from its federal CARES Act appropriations, and allocated an additional $2 million from […]
Fleetwood Homes launching $2.1M expansion in Rocky Mount
Homebuilding company Fleetwood Homes will invest $2.1 million to renovate and expand its Rocky Mount facility, creating 60 jobs in Franklin County, Gov. Ralph Northam announced Thursday. “Fleetwood Homes has been a valued employer in Virginia more than 50 years, and we are proud to see the company reinvest in Franklin County,” Northam said in […]
COVID-19 death toll underreported, study finds
A joint Virginia Commonwealth University and Yale University study published Wednesday in the Journal of the American Medical Association suggests that the COVID-19 death counts reported to the U.S. public underestimate the true death toll of the pandemic in the country. “There are several potential reasons for this under-count,” lead author Dr. Steven Woolf, director […]
The Branch Group CEO resigns
Roanoke-based construction company The Branch Group Inc. announced Wednesday that CEO Will Karbach has resigned. Ron Oakley, the current chairman of the board, will serve as interim CEO, effective immediately. Upon the announcement Wednesday afternoon, The Branch Group had not provided a reason for Karbach’s departure and [...]
Troutman Sanders completes merger with Pepper Hamilton
After postponing its original April 1 merger date due to the COVID-19 pandemic, Atlanta-based law firm Troutman Sanders LLP and Philadelphia-based Pepper Hamilton LLP announced Wednesday they have merged to become Troutman Pepper Hamilton Sanders LLP (Troutman Pepper). Among Troutman Pepper’s 23 nationwide offices, the R[...]
For the Record — July 2020
EASTERN VIRGINIA Armada Hoffler Properties Inc., the Virginia Beach-based commercial developer and property owner, announced in early April that a $106.5 million deal to sell seven of its grocery-anchored shopping centers had fallen through because of the coronavirus pandemic. However, in early June, the deal was back on, this time for $90 million. The buyer […]
Ex Chesterfield pharma CEO pleads guilty in federal opioid treatment investigation
Shaun Thaxter, former CEO of Chesterfield County-based pharmaceutical manufacturer Indivior PLC, pleaded guilty Tuesday in federal court in Abingdon to a misdemeanor criminal charge related to the U.S Justice Department’s probe into the marketing of Suboxone, Indivior’s opioid addiction treatment drug. Thaxter pleaded guilty to one count of violating the Federal Food, Drug, and Cosmetic […][...]
Northam recommends $4.2M in funding for SWVA projects
Gov. Ralph Northam on Tuesday recommended that more than $4.2 million in Appalachian Regional Commission (ARC) grants be distributed among 17 economic development projects in Southwest Virginia. ARC grants can be used toward infrastructure, entrepreneurship development and workforce development. Northam’s recommended allocations must be approved by the federal commission before being awarded later this year. […][...]
Cameron Foundation awards $1.13M in local grants
Petersburg-based The Cameron Foundation announced Tuesday it has awarded $1.13 million in grants to 24 nonprofit organizations in Central Virginia during its first round of funding for 2020. The two largest economic development grants went to Virginia’s Gateway Region and Virginia Local Initiatives Support Corp. (LISC). Virginia’s Gateway Region was awarded $136,063 for general operating […][...]
Virginia Employment Commission closes HQ due to COVID-19
The Virginia Employment Commission is temporarily closing its Richmond headquarters office after the fourth VEC employee in three months has tested positive for COVID-19, the VEC announced Tuesday. The closure affects 350 employees who work out of the Richmond office. VEC call centers and district offices have not been affected and will continue to process […]
VCU, UCLA research could lead to better computer memory storage
Researchers at Virginia Commonwealth University and the University of California, Los Angeles (UCLA), released research findings Tuesday that could lead to more energy efficient memory storage for computers and other electronic devices. Magnets are used for computer memory due to their “up” or “down” polarity. The magnet[...]
Two Va. lawyers plead guilty in $200M extortion plot
Two Virginia lawyers have pleaded guilty to an extortion plot targeting a multinational chemicals company with demands for $200 million in “consulting fees,” according to a U.S. Department of Justice news release. Lawyers Timothy Litzenburg of Charlottesville, and Daniel Kincheloe of Glen Allen, both pleaded guilty June 19 in Charlottesville federal court. They face up […]
