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McLean startup raises $75M for air taxi network
Fritz Lang’s 1927 film “Metropolis” predicted cities with flying cars, while Hanna-Barbera followed that vision 35 years later with “The Jetsons” and its commuter “skyways.” Now, however, air taxis are close to becoming reality. The industry could generate up to $16 billion in new business investments in Virginia a[...]
Falling short
In the accounting field, the books are out of balance. Demand for the profession’s services is rising, which is one for the assets column, but on the debit side of the ledger, the number of people willing and able to provide those services is dropping so alarmingly that some firms are being forced to turn […]
Is ESG another CRT?
In January, Virginia Attorney General Jason Miyares joined a group of 24 other state attorneys general in challenging a U.S. Department of Labor rule allowing fiduciaries to consider environmental, social and corporate governance (ESG) criteria such as climate change in making investment decisions for retirement funds. The AGs a[...]
Amazon delays HQ2 phase two
Amazon.com Inc. is delaying construction on the second phase of HQ2, its $2.5 billion East Coast headquarters in Arlington County. The news comes as Amazon plans to open HQ2’s first phase, Metropolitan Park, in June, and as the Fortune Global 500 tech company laid off a record 18,000 workers amid concerns over slowing reven[...]
Commonwealth Crossing plays ‘long game’ for success
Commonwealth Crossing Business Centre’s first two tenants — Polish flat-glass processor Press Glass Inc. and Pennsylvania-based aluminum beverage can manufacturer Crown Holdings Inc. — have invested at least $218 million into facilities at the industrial park in Henry County, creating about 400 jobs, according to Mark Heat[...]
Shoring up
Williamsburg, Jamestown and Yorktown are all significant parts of the nation’s foundation, and historic tourism drove the region’s economy during the 20th century. But Colonial Williamsburg hasn’t been enough to keep big crowds coming to the area consistently in the 21st century, even before the pandemic. Visitation droppe[...]
Building an ecosystem
Even though William & Mary is best known as a liberal arts “public Ivy,” it’s also a research university where professors are quietly producing innovative technology — and are less quietly trying to create an entrepreneurial network to support it. Local capital isn’t as available in the Williamsburg area as it is a[...]
