latest news
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Virginia lawmakers delay human trafficking training for short-term rentals
Lawmakers did not advance measures to implement human trafficking awareness training for short-term rental properties, with one patron saying they need to get the language right first. Del. Dan Helmer, D-Fairfax, sponsored House Bill 1654, and Sen. Angelia Williams, D-Norfolk, introduced Senate Bill 985. The bills would require property owners and their employees to complete awareness training […]
Industries
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Sauer Brands acquired by Boston firm; new CEO named
A Boston private equity company completed its purchase of Richmond-based Sauer Brands, which produces Duke’s Mayo, Sauer spices and other food products, the companies announced Wednesday. With the change in ownership comes a new CEO for Sauer. E. Yuri Hermida, most recently executive vice president and chief growth and strategy officer for alcoholic beverage company […]
Real Estate
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Iron Mountain plans $1B data center campus in Henrico
Boston-based Iron Mountain has acquired a 66-acre site in Henrico County with plans for a major data center campus, the Greater Richmond Partnership announced Tuesday. Henrico Economic Development Authority Executive Director Anthony Romanello says Iron Mountain’s campus in White Oak Technology Park will house four data center buildings covering more than 1 million square feet. […]
Money
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Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]
Government
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BWXT wins $2.1B in U.S. Naval Nuclear Propulsion Program contracts
The U.S. Naval Nuclear Propulsion Program has awarded BWX Technologies contracts totaling about $2.1 billion, the Lynchburg-based nuclear components and fuel supplier manufacturer announced Wednesday. The contract involves nuclear reactor component manufacturing and material procurement for Columbia and Virginia class submarines and Ford class aircraft carriers. The work will be performed at the BWXT Nuclear […]
Hotels/Tourism
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Fairfax casino bill appears to be dead, following subcommittee vote
A bill that would have given Fairfax County the right to hold a casino referendum is likely dead for the 2025 session, after passing a vote last week in the Virginia State Senate. Senate Bill 982, introduced by Democratic Sen. Scott Surovell, was passed by for the day — in other words, not passed along […]
Energy/Green
- Cost of Va. Beach wind farm increases by close to $1B
- Big tech company to buy power from Va.’s first onshore wind farm
- World’s first commercial fusion power plant planned for Chesterfield
- Dominion Energy COO Diane Leopold to retire after nearly three decades
- Judge rules Youngkin’s RGGI exit was unlawful
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