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Henrico greenlights $450M live-work-play community
The Henrico County Board of Supervisors on Dec. 12 greenlit Kinsale Center, a massive redevelopment project in the Willow Lawn area from insurance company Kinsale Capital Group and Richmond-based Marchetti Development. The $450 million mixed-use development is expected to bring nearly 700 residences, an eight-story “high e[...]
Visit Alexandria CEO announces retirement
Visit Alexandria President and CEO Patricia Washington will retire at the end of June 2024, the tourism organization announced Friday. Washington has led Visit Alexandria since 2012. She led two rebranding efforts and four brand campaigns and helped Alexandria become a national tourism destination, according to a news release an[...]
Riddle Associates names new president
Riddle Associates, a Chesapeake-based commercial industrial real estate brokerage, promoted Lindsey Riddle Elliott to president and principal broker in November, the brokerage announced Wednesday. Elliott formerly served as executive vice president and has been with Riddle for 15 years. She replaces her father, Robert L. Riddle,[...]
Framatome plans $49.4M expansion, creating 515 jobs
Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and de[...]
Wizards, Capitals plan move to Alexandria in $2B deal
The Washington Capitals and Washington Wizards are planning a move across the Potomac River to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced early Wednesday. The nonbinding agreement to build a new arena for t[...]
3 Va. universities make top 100 in national R&D rankings
The University of Virginia, Virginia Tech and Virginia Commonwealth University landed in the top 100 in the National Science Foundation’s fiscal 2022 rankings by expenditures on research and development. NSF determines the rankings with data from its annual Higher Education Research and Development Survey, which surveys U.S. c[...]
Charlottesville chamber CEO to leave after 7 months
Natalie Masri, president and CEO of the Charlottesville Regional Chamber of Commerce, will leave the organization next month, the chamber announced Monday. Masri started in the role in June. She will depart on Jan. 16, 2024. Rebecca Ivins, chairwoman of the board, will become interim president and CEO. Sasha Tripp, vice chairwom[...]
SAIC reorganizes C-suite, with changes effective in Feb.
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) announced Monday that it is reorganizing its business, leading to four executives’ promotions and the departure of two others, effective Feb. 2, 2024. SAIC’s defense and civilian sector and national security and space sector will be replaced by five new business groups: Army, Navy, Air […][...]
New Transurban North Am. prez comes from public sector
Beau Memory, Transurban’s new North America president, joined the Australian transportation company that operates express toll lanes in Northern Virginia in November with more than 20 years of public-sector transportation experience. In an interview last week with Virginia Business, the Tysons-based Memory says he’s [...]
Torc hires chief information security officer
Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Summer Craze Fowler as chief information security officer, the company announced Tuesday. Fowler joins Torc after serving as senior vice president of cybersecurity and IT at Boston-based driverless vehicle company Motional and leading[...]
Va.’s maritime industry has $8B economic impact, report says
Virginia’s non-military maritime industry was responsible for one in five jobs in Virginia and more than $8 billion in state and local taxes during fiscal 2022, according to a recent study conducted by William & Mary. The Virginia Maritime Association and the Virginia Port Authority commissioned the study to demonstrat[...]
Gov. proposes $90M to launch ‘Va. Research Triangle’
In a preview of his 2024-26 proposed budget, Gov. Glenn Youngkin announced Monday that he is including $90 million in one-time funds to create “Virginia’s Research Triangle,” a network between the University of Virginia, Virginia Commonwealth University and Virginia Tech to build collaboration in biotechnology,[...]
