Furniture Today Top 100 retailer Schewels Home announced that it acquired Petersburg-based Butterworth’s Furniture, which has been in business since 1925.
The Lynchburg-based retailer, which has 52 locations in Virginia and surrounding states, took over operations in early June. Terms of the deal were not disclosed. Officials say the acquisition is a major milestone for Schewels Home as it continues its strategic growth plan.
Butterworth’s Furniture has been serving the Petersburg community for 100 years. With a 72,000-square-foot showroom and a 24,000-square-foot racked warehouse, it will become one of the largest stores in the Schewels Home chain. The acquisition also brings more than 25 experienced employees to Schewels Home.
“This is the largest acquisition in the 127-year history of Schewel Furniture,” said Matt Schewel, director of store operations. “It represents an exciting opportunity to expand into a new market while preserving the strong reputation and loyal customer base that Butterworth’s has built over nearly a century.”
The store will continue to operate under the Butterworth’s Furniture name for the time being. This decision honors the brand’s deep roots in the Petersburg community and supports a smooth transition for both employees and customers.
Butterworth’s focus on premium merchandise, custom orders and multiple financing options represent new growth opportunities for Schewels Home. Meanwhile, Schewels Home will bring its buying power, operational scale and proven retail strategies to enhance the store’s future success.
“This partnership allows us to combine the best of both companies,” said CEO Marc Schewel. “We’re confident that maintaining the Butterworth’s name and approach in the short term is the best way to ensure continuity, retain talent and respect the brand’s legacy, while introducing efficiencies and innovations that will benefit the store and its customers.”
WASHINGTON (AP) — The inflation-fighters at the Federal Reserve are expected to keep their key interest rate unchanged Wednesday for the fourth straight time. That’s likely to shift attention to how many interest rate cuts they forecast for this year.
It’s widely expected that the 19 Fed officials that participate in the central bank’s interest-rate decisions will project two rate cuts for this year, as they did in December and March. But some economists expect that one or both of those cuts could be pushed back to 2026.
The Fed will almost certainly keep the short-term rate it controls at about 4.3%, economists say, where it has stood since the central bank last cut rates in December. Since then, it has stayed on the sidelines while it evaluates the impact of President Donald Trump‘s tariffs and other policy changes on the economy and prices.
Inflation has been cooling since January, and many economists say that without the higher import taxes, the Fed would likely be cutting its rate further. According to the Fed’s preferred measure, inflation dropped to just 2.1% in April, the lowest since last September. Core inflation — which exclude the volatile food and energy categories — was 2.5%.
Those figures suggest inflation is largely coming under control, for now. Yet the Fed’s short-term interest rate remains at an elevated level intended to slow growth and inflation. Some economists argue that with inflation cooling, the Fed could resume its rate reductions.
When the Fed reduces its rate, it often — though not always — leads to lower costs for consumer and business borrowing, including for mortgages, auto loans, and credit cards. Yet financial markets also influence the level of longer-term rates and can keep them elevated even if the Fed reduces the shorter-term rate it controls.
But Fed officials have said they want to see whether Trump’s tariffs boost inflation and for how long. Economists generally believe a tariff hike should at least lead to a one-time increase in prices, as companies seek to offset the cost of higher duties. Many Fed officials, however, are worried that the tariffs could lead to more sustained inflation.
“While theory might suggest that (the Fed) should look through a one-time increase in prices, I would be uncomfortable staking the Fed’s reputation and credibility on theory,” Jeffrey Schmid, president of the Fed’s Kansas City branch and a voting member of the Fed’s interest-rate setting committee, said earlier this month.
The Trump White House has sharply ramped up pressure on Powell to reduce borrowing costs, with Trump himself calling the Fed chair a “numbskull” last week for not cutting. Other officials, including Vice President JD Vance and Commerce Secretary Howard Lutnick, are also calling for a rate reduction.
Pushing the Fed to cut rates simply to save the government on its interest payments typically raises alarms among economists, because it would threaten the Fed’s congressional mandate to focus on stable prices and maximum employment.
One of Trump’s complaints is that the Fed isn’t cutting rates even as other central banks around the world have reduced their borrowing costs, including in Europe, Canada, and the U.K. On Tuesday, the Bank of Japan kept its key short-term rate unchanged at 0.5%, after actually raising it recently.
But the European Central Bank, Bank of Canada, and Bank of England have reduced their rates this year in part because U.S. tariffs are weakening their economies. So far the U.S. economy is mostly solid, with the unemployment rate low.
The Bank of England has cut its rate twice this year but is expected to keep it unchanged at 4.25% when it meets Thursday.
Residents voiced concerns about traffic, noise, pollution, environmental impact
Following an outcry from hundreds of residents, Chesapeake City Council unanimously voted Tuesday night to deny a rezoning request that would have allowed the construction of Hampton Roads‘ first major data center.
Developer Doug Fuller, president of Emerald Lakes Estates, wanted to build the 350,000-square-foot data center on a 22.6-acre property in the Great Bridge area of Chesapeake, on the west side of Centerville Turnpike, south of Etheridge Manor Boulevard. However, for the project to get off the ground, he needed the land rezoned from agricultural to light industrial use.
Had the project gone forward, the center would have been 35 feet tall, employed 30 to 50 people, and been manned 24 hours a day.
But after about two-and-a-half hours of citizens speaking against the project Tuesday night, the council decided to reject Fuller’s proposal, also declining a request to delay the vote until August. Mayor Rick West was absent, and council member Daniel Whitaker recused himself from the vote, saying he had provided professional services to Fuller.
On Wednesday, Fuller said via text that he is considering alternative sites for the project.
Calling it a “disappointment,” Fuller said that Chesapeake residents “spoke loud and clear that they oppose rezoning agriculture land to industrial. They want it to remain agriculture for now, and I will research and find what is the highest and best economic use for the property with its current A1 zoning.
“It is important for Hampton Roads have a commercial size data center and my goal was to bring one to our city so it could benefit from the millions of dollars in tax revenue. Since the denial, I have had two localities reach out to me and asked to be considered for a like project. I am considering all alternate site options at this point.”
Before voting, City Council member Amanda Newins asked Deputy City Manager Brian Solis if the city had offered to swap one of its properties, which would be more appropriate for a data center, with Fuller. Price said there may be potential to swap property, but that so far Fuller has not expressed interest in exploring that.
“The reason that I am not supporting this project is because I think it’s completely incompatible with the location,” Newins said. “I think there is viable use for that property outside of what’s being proposed that is not on top of residential property in that area. I think that’s been abundantly clear from the community that’s here today, that shared with us, that that is not compatible with the community.”
In the weeks leading up to Tuesday’s vote, the proposal had drawn fierce opposition from hundreds of residents, who spoke against it through petitions, emails and public hearings.
Complaints included concerns about increased traffic, noise, light pollution, the site being too close to residential homes and schools, disruptions caused by construction, lack of sufficient public input, loss of agricultural land and green space, environmental concerns and fears that the center might cause blackouts. Many also voiced worries that the city’s first data center would open the doors to more data centers and other industrial development.
Resident Kelli Gossmann, who lives near the proposed data center site, said Tuesday night the data center would directly impact her. She added that residents in Northern Virginia, where the data center industry is booming, have repeatedly complained about data centers causing a myriad issues.
“For me, this means my favorite view of the sunrise will be permanently blocked by a massive industrial building,” Gossmann said of the proposal. “Words cannot express my personal shock and dismay.”
Navy veteran Jennifer Anderson, who lives in a neighborhood near the site, said she chose her home for its beauty, the sound of birds chirping and the ability to look at the stars at night. However, she said she believed if the data center were approved, more would come, “and all of these things we love about our new home will either be reduced greatly or removed entirely.”
“Can you promise the light pollution from this one and the imminent building of more won’t drown out the stars,” she asked the council. “Can you promise the constant humming won’t make it unbearable to enjoy the park across the street or even our own front and backyard? Can you promise my children won’t develop health issues?”
The planning commission last month voted 6-1 to recommend denial of the rezoning, with several saying they wanted more time to study the long-term impact of the data center on the city.
Tuesday’s denial from the council drew loud applause and a standing ovation from many members of the audience.
“The people do not want it there,” said Councilor Patricia “Pat” King, when justifying her vote. “It is your community, and we are your voice, and you have requested that we not allow it. So I stand by you and your request.”
Uncertainty over Trump’s trade policies clouds economic outlook.
WASHINGTON (AP) — The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday.
U.S. jobless claims ticked down from 250,000 the week before. Economists had expected last week’s claims to match that at 250,000.
The four-week average of claims, which smooths out week-to-week volatility, rose to 245,500, the highest since August 2023.
The number of Americans collecting unemployment benefits the week of June 7 slid to 1.95 million.
Weekly unemployment claim are a proxy for layoffs and mostly have stayed within a healthy band of 200,000 to 250,000 since the economy recovered from a brief but painful COVID-19 recession in 2020, which temporarily wiped out millions of jobs.
In recent weeks, however, claims have stayed at the high end of range, adding to evidence that U.S. job market is decelerating after years of strong hiring. So far this year, employers are adding a decent but far from spectacular 124,000 jobs a month, down from an average 168,000 last year and an average of nearly 400,000 from 2021 through 2023.
The hiring slowdown is partly the drawn-out result of 11 interest rate hikes by the Federal Reserve in 2022 and 2023. But Trump’s aggressive and often-erratic trade policies — including 10% taxes on imports from almost every country on earth — are also weighing on the economy, paralyzing businesses and worrying consumers who fear they’ll mean higher prices.
Carl Weinberg of High Frequency Economics is worried that claims remain elevated compared with recent years, when employment has remained very low by historical standards.
“We believe firms have been ‘hoarding’ workers to ensure that they don’t lay off skilled and trained workers by mistake, especially with the labor market still very close to full employment,” Weinberg wrote. “With uncertainty still high … companies have remained hesitant about layoffs. That may be changing.”
The Fed, satisfied that an inflation was coming down, cut rates three times last year. But the central bank has turned cautious in 2025, worried that Trump’s tariffs will rekindle inflationary pressures. The Fed is expected to leave rates unchanged as it wraps up a two-day meeting Wednesday.
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market.
The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.87%.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate eased to 5.96% from 5.97% last week. A year ago, it was 6.13%, according to Freddie Mac.
Mortgage rates are influenced by several factors, from the Federal Reserve‘s interest rate policy decisions to bond market investors’ expectations for the economy and inflation. The key barometer is the 10-year Treasury yield, which lenders use as a guide to pricing home loans.
The 10-year Treasury yield was at 4.35% at midday Wednesday, down from 4.58% just a few weeks ago.
The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, set in mid-January. The 30-year rate’s low point this year was in early April when it briefly dipped to 6.62%.
With the latest decline, the average rate is now back to where it was in mid-May, reflecting a recent pullback in bond yields.
High mortgage rates can add hundreds of dollars a month in costs for borrowers and reduce their purchasing power. That’s helped keep the U.S. housing market in a sales slump that dates back to 2022, when mortgage rates began to climb from the rock-bottom lows they reached during the pandemic.
Last year, sales of previously occupied U.S. homes sank to their lowest level in nearly 30 years. Sales remain weak this year, most recently dampening the spring homebuying season.
Elevated borrowing costs are also squeezing the new-home market. Homebuilders broke ground on fewer homes last month than economists expected, the government reported Wednesday.
A closely watched measure of homebuilder sentiment sank this month to its third-lowest reading since 2012, as builders’ sales expectations in the next six months and declined.
Many homebuilders have been offering incentives such as mortgage rate buydowns to entice prospective home shoppers. Many are also lowering prices, according to a survey released this week by the National Association of Home Builders.
Home shoppers who can afford to buy at current mortgage rates are also benefiting from more homes on the market when compared with recent years.
“While home prices remain elevated, market conditions are gradually tilting in favor of buyers, thanks to rising inventory, longer time-on-market, and climbing price reductions,” said Hannah Jones, senior economic research analyst at Realtor.com.
Economists generally expect mortgage rates to stay relatively stable in the coming months, with forecasts calling for the average rate on a 30-year mortgage to remain in a range between 6% and 7% this year.
NEW YORK (AP) — U.S. stocks are rising on Wednesday as Wall Street waits to hear where the Federal Reserve may be taking interest rates.
The S&P 500 was 0.5% higher in morning trading. The Dow Jones Industrial Average was up 244 points, or 0.6%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.
Some of the strongest moves were again in the oil market, where crude prices dropped after President Donald Trump said it’s not “too late” for Iran to give up its nuclear program. Oil prices have been yo-yoing for days because of rising and ebbing fears that Israel’s fighting with Iran could disrupt the global flow of crude.
A barrel of benchmark U.S. oil dropped 1.2% to $72.33. Brent crude, the international standard, fell 2.3% to $74.65.
The headline event for the day will likely arrive at 2 p.m. Eastern, when the Federal Reserve is set to announce its latest move on interest rates. The nearly unanimous expectation is that it will hold rates steady, as it’s been doing for all of this year after cutting through the end of 2024.
More important will be what the Fed says about the future. Officials will release projections for where they see the economy, inflation and interest rates heading in upcoming years. The widespread expectation on Wall Street is that the Fed will cut its main interest rate at least two times by the end of 2025, though that has been weakening a bit recently as oil prices have climbed and put upward pressure on inflation.
A cut in rates could make mortgages, credit-card payments and other loans cheaper for U.S. households and businesses, which in turn could give the overall economy a boost. But lower rates can also fan inflation higher.
Besides the threat of higher oil prices because of the fighting between Israel and Iran, the Fed has been concerned about the potential for President Donald Trump’s tariffs to both hurt the economy and to drive inflation higher. That’s been the main reason it’s been on hold with interest rates this year.
So far, inflation has remained relatively tame, and it’s near the Fed’s target of 2%. But economists have been saying it may take months more to feel the full effects of tariffs.
A pair of reports on the U.S. economy came in mixed on Wednesday. One said fewer workers applied for unemployment benefits last week, which could be an indication of lightening layoffs. But a second report said that homebuilders broke ground on fewer homes last month than economists expected. That could be a sign that higher mortgage rates are chilling the industry.
On Wall Street, solar stocks rose to recover some of their sharp losses from the day before, when worries flared about Congress possibly phasing out tax credits for solar and other alternative energy sources. First Solar rose 1.3%, but it’s still down 16.8% for the week. Enphase Energy climbed 3.2% to trim its loss for the week to 20.9%.
Nucor rose 3.2% after the steelmaker based in Charlotte, North Carolina, said it expects to report growth in profit for all three of its operating groups in the second quarter. It said it benefited from higher selling prices at its sheet and plate mills, among other things.
In the bond market, Treasury yields edged a bit lower.
The yield on the 10-year Treasury fell to 4.37% from 4.39% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for what the Fed will do with its overnight interest rate, held steady at 3.94%.
In stock markets abroad, indexes were mixed across Europe and Asia.
Tokyo’s Nikkei 225 rose 0.9%, and Hong Kong’s Hang Seng fell 1.1% for two of the bigger moves.
Plant previously announced in 2020, but put on pause during pandemic
While out for lunch Tuesday, Ronnie Thompson, chair of the Franklin County Board of Supervisors, was approached by a citizen.
“He said, ‘When y’all going to do something at that business park?’” Thompson recalled at the board’s Tuesday evening meeting. “And I said, ‘Soon. I hope.’ That was my answer.”
Board members Tuesday unanimously voted to finalize a performance agreement with California-based wellness tea company Traditional Medicinals, which plans to schedule groundbreaking soon on a $47 million herbal tea manufacturing and processing plant in Franklin County’s Summit View Business Park. The project is expected to create 57 jobs with an average annual salary of more than $70,657, according to Christopher Whitlow, county administrator.
A company famous for teas with names like Throat Coat and Cup of Calm and founded in Sebastopol, California, a town founded by hippies, Traditional Medicinals has flirted with the moonshine capital of the world before.
In early 2020, Traditional Medicinals announced plans to build an East Coast operation that then was expected to cost $29.7 million. The project got put on pause during the pandemic.
Company co-founder Drake Sadler apologized for the wait at the meeting.
“We’ve been taking our time with it,” he said. “And now, we’re ready, and we have committed, as you heard, a significant investment, and we’re going to grow here.”
Some footings will be constructed this year and construction on the Traditional Medicinal facility is expected to be completed in 2026, according to Whitlow.
Representatives from Interactive Design Group, a Roanoke architecture firm, and Parker Design Group, a Roanoke civil engineering firm, will help to build the company’s complex and stood at Tuesday’s meeting. Current Traditional Medicinals CEO Joe Stanziano and Gary Gatton, a previous CEO and current project manager for the Virginia site, also attended.
“I was so pleased that they’re using Franklin County resources, our Franklin County residents as architects, as engineers,” Whitlow said of Traditional Medicinals. “We just look forward to continue the good work and partnership as we break ground just in a matter of weeks.”
When Sadler addressed the meeting, he noted the invocation held at the beginning by Tommy Shepherd from Stuart Church of Living Water.
Traditional Medicinals, he said, also likes to begin their meetings with an invocation, which he described as “an invocation of gratitude.”
“We don’t take this work for granted,” he said. “We believe that we’ve been called to do this work. It’s important work. We feel like we’ve been called here to Franklin County.”
The members of the board were all smiles after the announcement Tuesday.
“This is for you, Buddy,” Thompson said in honor of the citizen who approached him at lunch. “It’s good news.”
Reston-based government contractor ASRC Federal announced last week that Ann Stevens has joined the company as its chief strategy officer.
In the role, Stevens will work closely with senior leadership and spearhead efforts to refine and progress the company’s enterprise strategy. ASRC Federal is a federal government services subsidiary of Arctic Slope Regional Corp., an Alaska Native corporation owned by over 14,000 Iñupiat shareholders. Its family of companies provides engineering, IT, infrastructure, logistics, analytics and professional services support.
“It’s an exciting time to be joining ASRC Federal, and I am both proud and humbled to play a part in shaping the future here,” Stevens said in a statement.
As CSO, Stevens will be responsible for aligning ASRC Federal’s operating groups, enterprise technology investments and communications strategies as they support challenges and changing customer needs. She will also oversee the enterprise program management and process excellence functions.
She previously worked for more than 20 years at Boeing, where she led programs and teams across the federal defense and civilian government markets. According to her LinkedIn profile, Stevens has a bachelor’s degree in aerospace, aeronautical and astronautical engineering from Virginia Tech and a master’s degree in organizational sciences from George Washington University.
“Ann brings a wealth of knowledge, experience and strategic insight to ASRC Federal during a time of significant opportunity and innovation at our company,” ASRC Federal President and CEO Jennifer Felix said in a statement. “Her expertise will be instrumental in supporting the evolving needs of our federal customers and securing a bright and enduring future for our Alaska Native shareholders.”
ASRC Federal has more than 8,500 employees and operations spanning 44 states. The company did not immediately return requests for comment.
• Virginia state Sen. Ghazala Hashmi and former Del. Jay Jones secure Democratic nominations for lieutenant governor, attorney general respectively
• Hashmi is first Indian American and Muslim to win nomination for statewide office in Virginia
• They face Republican Attorney General Jason Miyares and lieutenant governor nominee John Reid
RICHMOND (AP) — The candidates for Virginia’s lieutenant governor are set to make history after Sen. Ghazala Hashmi won the Democratic nomination for lieutenant governor on Wednesday.
Hashmi is the first Muslim and the first Indian-American to be nominated to appear on the ballot for a Virginia statewide office. She defeated five other candidates, including former Richmond mayor Levar Stoney and state Sen. Aaron Rouse, to secure the nomination in a razor-thin primary race.
Hashmi will now face Republican John Reid, the first openly gay man to receive a major party’s endorsement for statewide office in Virginia, who became the de-facto nominee after his primary opponent left the race.
Her victory rounded out the Democratic ticket ahead of the November general election. It comes after former Del. Jay Jones became the party nominee for attorney general late Tuesday.
Virginia’s off-year elections typically draw national attention as a possible bellwether for politicians as they head into midterms in 2026.
Democrats held down-ballot races for their statewide ticket, which is being led by U.S. Rep. Abigail Spanberger, the party’s nominee for governor. The former congresswoman, whose candidacy managed to avoid prospective primary challengers, will go up against Republican Lt. Gov. Winsome Earle-Sears, the only person to qualify for the GOP primary.
Conservatives did not hold statewide primaries this year, with only one candidate in each statewide contest advancing to the general election ballot.
Earle-Sears became the Republican gubernatorial nominee after conservatives Dave LaRock and Amanda Chase failed to collect enough signatures to qualify for the ballot. Both LaRock and Chase initially challenged Earle-Sears for not being fully aligned with the White House.
Reid, a conservative talk-radio host, secured the Republican nomination for lieutenant governor despite intraparty quarreling over whether he was tied to a social media account reposting pornography, a charge he vehemently denied.
Virginia Attorney General Jason Miyares sailed to his spot on the ballot after announcing his reelection bid.
Hashmi’s political career has been marked by its fair share of firsts: she was the first Muslim woman and the first South Asian American in Virginia’s upper chamber.
She emigrated from India to Georgia when she was four years old, later moving to Richmond after getting a doctorate in American literature. She spent most of her career as a professor, first at the University of Richmond and then at Reynolds Community College.
The Democrat managed to distinguish herself by touting her legislative chops. Hashmi began her career in the Virginia Senate six years ago after ousting incumbent Republican Sen. Glen Sturtevant. She was reelected to her seat in 2023.
In the Senate, Hashmi put forth bills establishing Virginians’ right to contraception, which passed both chambers but were vetoed by Republican Gov. Glenn Youngkin.
Del. Jay Jones, D-Norfolk, gives remarks during the Virginia Democratic attorney general debate, Saturday, May 15, 2021 in Richmond. (Shaban Athuman/Richmond Times-Dispatch via AP, File)
Former delegate defeats county prosecutor
Former Del. Jay Jones will look to be the face of legal resistance to President Donald Trump in Virginia after winning Tuesday’s closely watched Democratic state primary for attorney general.
Jones will face Republican Attorney General Jason Miyares in the November general election. His victory was a critical step for Democrats in rounding out their ticket ahead of a bellwether election later this year.
Jones won the Democratic nomination in the race for attorney general despite his opponent, Henrico County Commonwealth’s Attorney Shannon Taylor, casting him as lacking criminal prosecutorial experience.
Jones, who represented Norfolk in the House of Delegates for four years, comes from a long line of Hampton Roads politicians. His father was also a delegate, and his grandfather was the first Black member of the Norfolk School Board. Jones previously ran for attorney general in 2021 but lost the primary to Democratic incumbent Mark Herring.
He defeated Taylor, who has served more than a decade as the top prosecutor in the suburbs outside Richmond after flipping the open seat in 2011.
On the campaign trail, Jones touted himself as a candidate with the experience best suited for the job: He had worked as an assistant attorney general in Washington, where he said he had litigated consumer protection cases.
If elected attorney general, he also vowed to push back against Trump in court.
“I am ready for this fight and to win this November,” Jones said in a victory statement.
Six Democrats sought to be lieutenant governor
Stoney touted his ties to the Democratic Party and experience working under former governors Mark Warner and Terry McAuliffe. U.S. Transportation Secretary Pete Buttigieg endorsed his campaign in June.
Hashmi is also from the Richmond area, representing part of the city and suburbs. Hashmi has pushed reproductive health in her bid and has been endorsed by abortion rights political action committees.
State Sen. Aaron Rouse, from Virginia Beach with ties to Southwest Virginia, has also highlighted his legislative accomplishments.
Prince William County School Board Chair Barbur Lateef, former federal prosecutor Victor Salgado and retired U.S. Department of Labor worker Alex Bastani are from Northern Virginia.
Lateef, an eye surgeon, has honed in on education and health care. Salgado has stressed the importance of strengthening democracy, and Bastani has emphasized labor rights.
Downballot races in the House of Delegates
All 100 seats of the House of Delegates are up for election in November, and some nomination contests took place in Virginia’s more competitive districts.
Democrat May Nivar won her primary race and will be taking on Republican incumbent Del. David Owen in a Richmond-area district that House liberals are vying to flip.
Democrat Lindsey Dougherty won her primary race and will battle Republican Del. Carrie Coyner in a Petersburg-area district.
Republicans and Democrats also had separate primaries to fill a competitive seat in the Chesapeake area, which opened after Republican Rep. Baxter Ennis announced his retirement. Republican Michael Lamonea and Democrat Karen Carnegie won their respective primaries for that seat.
___
Olivia Diaz is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Medallia’s new headquarters, scheduled to open in late 2025, will be located at a 31,360-square-foot space at Tysons Tower — one of the tallest buildings in Tysons at 22 stories and situated across from Tysons Corner Center.
The California-based company says its new East Coast office will be a central hub for Medallia’s senior leadership, providing a key location for expanding artificial intelligence and analytics talent and creating “a dynamic space” for hosting clients. The office includes a rooftop space, arcade games and modern technology.
Medallia plans to add 100 jobs over the next two years.
“Tysons will play a critical role in the next chapter of our growth,” said Medallia CEO Mark Bishof in a statement. “The new location provides space to deepen our relationships with key customers, expands our leadership presence, and gives us access to world-class talent in data science, AI and experience management.”
Medallia has an enterprise experience management platform, Medallia Experience Cloud, that captures billions of signals across voice, video, internet of things, digital, social media and corporate-messaging tools interactions. The company uses proprietary AI and machine learning technology to reveal insights about customers and help businesses develop strategies and improve decision-making.
“We are proud that Medallia is expanding their footprint in the commonwealth,” Gov. Glenn Youngkin said in a statement. “Their investment not only brings 100 quality jobs to Virginia but also reflects our reputation as a hub for innovative, tech-driven businesses. By helping organizations improve how they listen to and support their employees and customers, Medallia is setting a strong example of how technology can enhance workplace culture and performance.”
Founded in 2001, Medallia also has a West Coast and global headquarters in Pleasanton, California, along with global offices in Buenos Aires, London, Madrid, Mexico City, Paris, Prague, Tel Aviv, Tokyo and Toronto. It has more than 2,000 employees and 2,600 customers.
Medallia did not immediately return requests for comment.
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