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October 2024

Welcome to the October 2024 issue of Virginia Business. Below are the articles from that print issue.

A rendering of a six-story building
Oct 30, 2024

Construction begins on Carilion Taubman Cancer Center

Of the donors, health professionals and area leaders who turned out for Wednesday’s groundbreaking for the Carilion Taubman Cancer Center, Orion Moses, age 9, commanded the most attention.  Doctors diagnosed Moses, who lives in Elliston, with leukemia at age 5. After enduring three and a half years of chemotherapy, he is now [...]

Three men wearing blazers while standing in a facility talk.
Oct 29, 2024

Electro-Mechanical launches $16.5M expansion in Washington County

Electro-Mechanical — an electrical equipment manufacturer headquartered in Bristol — will invest $16.55 million to expand in Washington County, Gov. Glenn Youngkin announced Tuesday.  “Electro-Mechanical’s significant expansion in Washington County demonstrates the strength of Southwest Virginia’s manufacturin[...]

Oct 29, 2024

John C. Asbury tapped to lead American Bankers Association

The American Bankers Association has elected John C. Asbury, president and CEO of Richmond-based Atlantic Union Bankshares, as the organization’s chair for 2024-25.  “Through his bold leadership and dedicated service to our industry, John has proven that he is just the right person to step into this critically important rol[...]

Oct 15, 2024

Va. casinos report $56.56M in September revenue

Gaming revenues for Virginia’s three casinos totaled $56.56 million in September, according to data the Virginia Lottery released Tuesday. Last month, the Bristol Casino: Future Home of Hard Rock reported about $14.09 million in adjusted gaming revenues (wagers minus winnings), of which about $11.68 million came from its 905 s[...]

Sep 29, 2024

The bottom of the ballot

Congressional races don’t get the big spotlight in presidential election years, but the bottom of the ballot is still important, as presidents need some legislative cooperation to get things done. In Virginia, two-term Democratic U.S. Sen. Tim Kaine is seeking reelection against Republican challenger Hung Cao, a retired U.S. Navy captain. All 11 of Virginia’s […]

Sep 29, 2024

What a difference a debate makes

Less than three months ago, President Joe Biden — you remember him, right? — stepped down from his bid for a second term and threw his support behind Democratic nominee Vice President Kamala Harris, radically redefining this fall’s presidential race. Just before that happened, we were beginning to write this month’s cove[...]

Sep 29, 2024

Top Five October 2024

The top five daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 13 included news that LL Flooring is selling 219 stores and other assets to an entity connected to F9 Group, which is owned by Lumber Liquidators’ founder and former CEO, Tom Sullivan. 1   |  Portsmouth business owner pleads guilty to $1.3 […]

Sep 29, 2024

Boones Mill store plays Trump card

The red, white and blue Trump Town sign hanging high upon a former Boones Mill church is as prominent as a sign can be without being lit by neon. But in case drivers passing through town somehow miss it, there’s also a 15-foot cutout of a smiling Donald J. Trump leaning up against the building, […]

Sep 29, 2024

A smart defense

In late 2020, the Air Force made headlines when it announced that an artificial intelligence co-pilot, named ARTUµ, helped command and control a U.S. military spy plane for the first time in history. If the name, pronounced R-2, sounds familiar, it is. Think R2-D2, or “Artoo,” Luke Skywalker’s lovable droid and X-Wing cop[...]

Sep 29, 2024

October 2024 Out and About

1. Attending this summer’s Olympics games in Paris, (L to R) U.S. Sen. Mark Warner met with NBA basketball star Steph Curry, who won gold with the U.S. men’s national team, and Casey Wasserman, chair of LA28, the organizing committee for the 2028 Summer Olympics in Los Angeles. Photo courtesy Office of U.S. Sen. Mark […]

Sep 29, 2024

The supersize era

In June, Tesla shareholders reaffirmed their intention to award the largest CEO compensation package in history to the automotive company’s controversial leader, Elon Musk. Valued as high as $56 billion, the deal had previously been thrown out by a Delaware judge, citing a failure by members of Tesla’s board to disclose conf[...]

Sep 29, 2024

EO opens workforce development hub in Abingdon

A former Kmart in Abingdon is now home to a workforce development and child care hub launched by EO, a nonprofit that spun off from the United Way of Southwest Virginia to oversee workforce development programs. EO received the certificate of occupancy for the 87,000-square-foot Regional Workforce and Child Development Hub and b[...]

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