Industries

For the Record - Hamtpon Roads

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The College of William and Mary’s Mason School of Business ranked first in the country among small schools in a survey of undergraduate and master of accounting programs made by The Public Accounting Report. For the first time, the survey was broken down into small, medium and large schools. (News release)

Colonial Williamsburg received a $1 million donation from philanthropist David Rockefeller to help create an endowment for African-American history research and interpretation. Colonial Williamsburg is raising $3 million to be combined with a $1 million challenge grant from the National Endowment for the Humanities to create the local endowment. (The Associated Press)

Alcoa Howmet cut four salaried positions and put 125 workers at its Hampton plant on extended furlough in response to a soft market for its industrial gas turbines. Last November, the company cut 250 jobs because of depressed product demand. (Daily Press)

Command Post Technologies made Suffolk its headquarters after joining the Virginia Modeling, Analysis and Simulation Center’s business accelerator. The company provides program management, training and analysis in the fields of irregular warfare and cybersecurity. (Virginian-Pilot)

Crate Services Inc., an Atlanta-based provider of management services for reusable containers, leased 150,000 square feet of warehouse space on West Park Lane in Hampton. The facility will be a warehouse and distribution center for recycling and reconditioning containers for various manufacturing purposes. (Virginian-Pilot)

Norfolk City Council approved a $2.85 million tax break for completion of the Wells Fargo Center near MacArthur Center. As a result of the move, S.L. Nusbaum Realty will proceed to add 122 luxury apartments and 50,000 square feet to the 23-story office tower. Without the council’s action, continued development of the site might have been delayed, or possibly even abandoned. (Virginian-Pilot)

Old Dominion University unveiled an MBA program structured for professionals engaged in global markets. The 12-month course will include six one-week residential periods, including two abroad, and scheduled distance-learning sessions. (Daily Press)

SDV Solutions Inc., a provider of IT services to federal government clients, moved its headquarters from Toano, in James City County, to a facility on Walter Mill Road in York County, which doubled its square footage. (PRNewswire)

Smithfield Foods Inc., which expected to lay off 340 workers with the closing of its Smithfield Packing Co. South plant, will instead lay off fewer than 30. Many workers have transferred to other Smithfield facilities, but the number of lost jobs was reduced by not filling positions in the company which came open through attrition and filling other posts with temporary workers. (Virginian-Pilot)

TowneBank, a Portsmouth-based financial services provider, acquired Taylor Johnson Insurance Group of Virginia Beach. The move expands services for its customers as well as diversifies its holdings portfolio. The bank’s insurance unit, Towne Insurance Agency, will nearly double in size from the acquisition. (Daily Press)

York Label, an Omaha, Neb.-based provider of labeling products, acquired Southern Atlantic Label of Chesapeake, a manufacturer of labels for the food and beverage industries. Southern Atlantic employs 130 workers but no layoffs are expected from the move. (Virginian-Pilot)


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