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2021 Virginia CFO Awards: The winners
Large business CFO: John C. Zeheb, Ukrop’s Homestyle Foods LLC, Richmond Large nonprofit CFO: Clifford Yee, Northern Virginia Family Service, Oakton Small business CFO: J. Robert Mooney, Phlow Corp., Richmond Small nonprofit CFO: Kim L. D’Errico, Special Olympics Virginia, Richmond Plus: The 2021 nominees list Amid pandemic, CFOs positioned businesses for recovery
Bridging the gap
At the beginning of 2020, A Family Affair Event Management had already filled its schedule for the year with an array of weddings and corporate, social and destination activities. Then COVID-19 struck, wiping the Stafford event planning company’s calendar clean. “It greatly impacted us,” says Tortica Anderson, owner of A F[...]
Silver Line will miss Labor Day target
Problems plugging Silver Line Phase 2 into the rest of the Washington transit system are delaying the project’s transfer from the Metropolitan Washington Airports Authority to the Washington Metropolitan Area Transit Authority (WMATA). The transfer’s target date was Labor Day, but it’s not clear how long the transfer will [...]
Preparing for the worst
Read about the 2021 Virginia CFO Award winners. John Brocato’s coveted tickets to the Atlantic Coast Conference men’s basketball tournament suddenly became void in March 2020 after the ACC canceled the tournament as the COVID-19 pandemic began turning the world on its head. And as the chief financial officer of a small build[...]
The Powell Memo
The Powell Memorandum has been praised and vilified, denounced as a blueprint for business to seize control of American life, and embraced as a way to protect liberty and free enterprise. Whether because of its lasting influence or alarming prescience, the Powell Memorandum has become one of the most important single documents i[...]
Come together
Virginia is seeing a wave of bank mergers and acquisitions, a trend that could intensify, banking experts say. “We could potentially see a record-setting year for bank mergers and acquisitions,” says John Asbury, president and CEO of Richmond-based Atlantic Union Bankshares Corp. and chairman of the Virginia Bankers Associat[...]
The Mailroom August 2021
More energy alternatives The “Rolling out the red carpet” article in your June issue outlined how economic development officials foresee the Coastal Virginia Offshore Wind project “becoming an East Coast hub” for offshore wind operations. It is also worth noting that solar and electric bus projects are progressing throug[...]
Norfolk ‘micro-school’ will prep kids for future work
Music superstar Pharrell Williams’ educational nonprofit, Yellow, will be opening a new, independent “micro-school” with a focus on STEM and workforce preparation this fall in Norfolk’s Ghent neighborhood. The school, Yellowhab, is intended to be the first of a network of small schools. “We want to add more schools in [...]
Going with the Phlow
Small Business | J. Robert Mooney, CFO Phlow Corp., Richmond Without Bob Mooney, Phlow Corp. might never have gotten off the ground. “I do not believe I would’ve had the courage or the willingness … to start up Phlow if it weren’t for Bob,” says Dr. Eric Edwards, co-founder and CEO of the Richmond-based company [&h[...]
The annotated Powell Memo
The Powell Memo has been described as “a call to arms for corporations” and “a corporate blueprint to dominate democracy.” On the 50th anniversary of the controversial memorandum penned by Virginia lawyer (and future U.S. Supreme Court Justice) Lewis Powell Jr. for the U.S. Chamber of Commerce, Virginia Business reprints the memo in its entirety, […]
Now shed of wireless assets, Shentel embraces broadband
Shenandoah Telecommunications Co., or Shentel, sold its wireless assets in July to T-Mobile USA Inc. for $1.94 billion, leaving the Edinburg-based company with approximately $1.25 billion in proceeds after paying off outstanding loans and ending contracts. The sale is an outgrowth of Shentel’s former wireless affiliate contrac[...]
AUGUST 2021 FOR THE RECORD
Roanoke/New River Valley Three off-campus housing complexes in Blacksburg geared toward Virginia Tech students were sold for $146 million in a deal announced by Berkadia in late June. The buyer, California-based Reliant Group, added the portfolio to its earlier purchase of another student housing property near Virginia Tech. A Reliant Group-connected LLC purchased Hunters Ridge, […]
