1553315280 Virginia Business http://www.virginiabusiness.com/ Business news and intelligence for and about the Virginia business community en jsabbath@va-business.com Copyright 2019 2019-03-22T20:27:00+00:00 http://www.virginiabusiness.com/news/article/inova-health-system-sets-opening-date-for-cancer-facility Inova Health System sets opening date for cancer facility http://www.virginiabusiness.com/news/article/inova-health-system-sets-opening-date-for-cancer-facility http://www.virginiabusiness.com/news/article/inova-health-system-sets-opening-date-for-cancer-facility#When:20:27:00Z Inova Health System plans to open the Inova Schar Cancer Institute in Fairfax this spring. Inova will host a dedication on April 24 and will open to patients on May 13. The new facility serves as a hub for Inova’s clinical, research and technological expertise and also serves the health system’s existing locations for cancer treatment across Northern Virginia. The new building will occupy more than 438,000 square feet on the Inova Center for Personalized Health medical innovation campus. The facility was made possible by a $50 million donation from developer Dwight Schar and his wife, Martha. 2019-03-22T20:27:00+00:00 http://www.virginiabusiness.com/uploads2/IdeaFest_2019_Winners3_copy.jpg Photo of the winners courtesy of The Launch Place. http://www.virginiabusiness.com/news/article/richmond-startup-wins-first-place-in-danville-pitch-competition Richmond startup wins first place in Danville pitch competition http://www.virginiabusiness.com/news/article/richmond-startup-wins-first-place-in-danville-pitch-competition http://www.virginiabusiness.com/news/article/richmond-startup-wins-first-place-in-danville-pitch-competition#When:17:18:00Z A Richmond-based medical device company has been named the winner of the IdeaFest Pitch Competition in Danville. Almost 100 companies applied for the contest and 20 competed. Pocket Protector received a $5,000 cash prize in winning the competition. The IdeaFest Pitch Competition, now in its sixth year, was held March 21 at Cottontail Weddings and Events. Pocket Protector’s device is designed to prevent pocket hematomas, or the buildup of blood, after pacemaker implantation. NIRSleep, another Richmond-based company, was the second-place winner. The startup received a $3,000 cash award. The company’s wearable device helps detect sleep disorders. The third-place winner was Battery Xchange, a startup based in Charlotte, N.C. Battery Xchange’s rental platform provides portable batteries that enable people to charge their cell phones on the go. The company received a $2,000 cash prize.  Winners of the competition will be eligible to receive 25 hours of free business consulting from The Launch Place. The organization helps companies with business formation, job creation and retention in the Dan River Region, which includes Danville, Pittsylvania County and Caswell County, N.C. The Launch Place also invests in companies using seed and pre-seed funds established with a grant awarded by the Danville Region Foundation. 2019-03-22T17:18:00+00:00 http://www.virginiabusiness.com/news/article/freddie-mac-names-next-ceo Freddie Mac names next CEO http://www.virginiabusiness.com/news/article/freddie-mac-names-next-ceo http://www.virginiabusiness.com/news/article/freddie-mac-names-next-ceo#When:09:48:00Z Freddie Mac announced Thursday that CEO Donald H. Layton will retire July 1. He has held that role since 2012. The board of directors has appointed David M. Brickman to succeed him. He will join the board at that time. Brickman was named president of Freddie Mac in September when Layton announced he would retire in the second half of 2019. The company identified Brickman as the company’s internal candidate to succeed Layton and conducted a search and selection process. “The board engaged in a multi-year succession process to ensure we selected the right leader, and David is an outstanding choice to serve as our next CEO,” Sara Matthew, chair of the Freddie Mac board of directors said in a statement. “He is an exceptional business leader, having demonstrated great strategic and execution skills as the long-time head of our Multifamily business. He led the process of driving credit risk transfer and attracting private capital to finance multifamily housing while protecting the American taxpayer.” 2019-03-22T09:48:00+00:00 http://www.virginiabusiness.com/news/article/louisa-purchases-land-for-industrial-park Louisa purchases land for industrial park http://www.virginiabusiness.com/news/article/louisa-purchases-land-for-industrial-park http://www.virginiabusiness.com/news/article/louisa-purchases-land-for-industrial-park#When:09:07:00Z Louisa County has purchased 684 acres for a future industrial park for $2.6 million. The land is located off Interstate 64 at the Shannon Hill exit. Bill Barnett of Commonwealth Commercial Partners handled the assemblage. The county originally had planned to create a megasite of 1,600 to 1,700 acres that included the property in response to encouragement by Virginia economic development officials. “Louisa County officials recognized that large tracts suitable for major facilities are difficult to identify and hope this new property will attract future users,” Commonwealth Partners said in its release. 2019-03-22T09:07:00+00:00 http://www.virginiabusiness.com/uploads2/2210_Carolina.jpg The office at 2110 Carolina Ave. SW. Photo courtesy of Waldvogel Commercial Properties Inc. http://www.virginiabusiness.com/news/article/roanoke-office-trades-for-1.7-million Roanoke office trades for $1.7 million http://www.virginiabusiness.com/news/article/roanoke-office-trades-for-1.7-million http://www.virginiabusiness.com/news/article/roanoke-office-trades-for-1.7-million#When:20:05:00Z A company has added some skin in the game of Roanoke’s office market. River Ridge Dermatology is relocating its Roanoke location to the third floor of 2110 Carolina Avenue SW in Roanoke, Krista Vannoy of Waldvogel Commercial Properties Inc. says. An entity tied to River Ridge Dermatology called KBJ Properties LLC bought for $1.77 million the three-story office building at 2110 Carolina Ave. SW, Vannoy says. The 12,980-square-foot building was most recently assessed at $1.8 million, according to online city records, which had yet to record the sale. Vannoy and Michael Waldvogel, also of Waldvogel Commercial, represented KBJ Properties in the sale. River Ridge Dermatology will be relocating from an office in Roanoke at 3825 Electric Rd. The company also has locations in Blacksburg and Giles. River Ridge could not be reached for comment on its plans. At the Carolina Avenue building, Balance Wellspace is keeping its chiropractic and wellness practice on the second floor and part of the first, Vannoy says. Wellspace LLC, the seller in the office deal, bought the property in 2013 for $1.4 million, Roanoke property records show. Vannoy says the Roanoke office market has had strong activity recently. She says the vacancy rate is around 6 percent. “Within the past 60 days, we’ve closed on three office properties, totaling approximately 50,000 [square feet] of office space and have renewed office leases of more than 30,000 [square feet], and are wrapping up the leasing of a 9,500 [square feet] office building in Roanoke’s CBD,” Vanoy says in an email. The Roanoke office market has seen limited supply both downtown and in the suburbs, according to a market report from Cushman & Wakefield | Thalhimer. Recent notable deals include the $4.5 million sale of the 46,946-square-foot Cox Communications Building at 5400 Fallowater Lane. Elsewhere in the Roanoke office market, a company relocated its office within the city last month. Burns & McDonnell, an architectural and engineering firm, recently moved into a 20,000-square-foot space at the One Ten Franklin Building after opening an office in Roanoke in 2015. Tina Hatcher, also with Waldvogel, represented the buyer in the Carolina Avenue deal. Keep up with the latest in Virginia’s commercial real estate scene by subscribing to our weekly newsletter, CRE Intel 2019-03-21T20:05:00+00:00 http://www.virginiabusiness.com/news/article/roanoke-based-sfcs-expands-to-louisville-ky Roanoke-based SFCS expands to Louisville, Ky. http://www.virginiabusiness.com/news/article/roanoke-based-sfcs-expands-to-louisville-ky http://www.virginiabusiness.com/news/article/roanoke-based-sfcs-expands-to-louisville-ky#When:19:31:00Z The Roanoke-based architecture firm SFCS has completed a merger with Kidwell Engineering and Design Inc. in Louisville, Ky.. Kidwell’s 11 employees have joined SFCS, which now has 115 employees. The firms have worked together on more than 30 projects. Louisville is the SFCS’ fourth location. In addition to Roanoke, it has offices in Charlotte and Philadelphia. SFCS said the merger will provide clients a full range of architecture and engineering services, including design, planning, engineering, plumbing, fire protection and interior design. “After working together on numerous projects, it became apparent that Kidwell Engineering was the perfect partner and Louisville was the perfect place to expand,” Tye Campbell, the CEO of SFCS, said in a statement. “ Founded in 2012, Kidwell has provided engineering and project management services to companies such as UPS, CSX Transportation, Toyota, Humana, the State of Kentucky, and the Department of Interior Bureau of Indian Affairs. Started in 1920, SFCS is a senior living, education and civic/public architecture, engineering and interior design firm. 2019-03-20T19:31:00+00:00 http://www.virginiabusiness.com/uploads2/RL_Building1and2_RiverView_FNL_sRGB_110817.jpg Rendering of Robinson Landing courtesy of EYA LLC. http://www.virginiabusiness.com/news/article/restaurants-approved-for-waterfront-development Restaurants approved for waterfront development http://www.virginiabusiness.com/news/article/restaurants-approved-for-waterfront-development http://www.virginiabusiness.com/news/article/restaurants-approved-for-waterfront-development#When:19:30:00Z A waterfront mixed-use development under construction in Old Town Alexandria is on track to add some new entrees to the city’s dining scene. On Saturday, the Alexandria City Council approved two special use permits for Alexandria Restaurant Partners to add two eateries along the city’s waterfront, the city clerk says. The eateries will be part of a $185 million, mixed-use development underway called Robinson Landing led by Maryland developer EYA LLC. Robinson Landing will occupy the entire block fronted by the Potomac and bound by South Union, Duke and Wolfe streets. The development is planned to be finished in 2020. Plans for Robinson Landing include 70 condominiums in three five-story buildings and 26 townhomes. The development also is expected to have a renovated pier, floating docks and a promenade along the Potomac River. Alexandria Restaurant Partners operates six restaurants in Alexandria, EYA announced in a press release. For Robinson Landing, Alexandria Restaurant Partners plans a 5,000-square-foot, ground floor restaurant in one of the condo buildings. The restaurant is expected to have indoor seating for 184 and 83 more seats on an outdoor patio. It will have a wood-fired kitchen with a menu that includes grilled seafood, steaks, vegetarian dishes and a wine list. The other restaurant Alexandria Restaurant Partners is developing at Robinson Landing will be an indoor cafe with seasonal outdoor pier dining.  Construction at Robinson Landing is underway with half the townhomes built and a number of residents moving in. The first condo building is in progress. The condos are being marketed for between $1.25 million and $4.95 million.  EYA said 15 of the townhomes have been sold or reserved. They range in prince from $1.7 million to $2.4 million. In size, the townhomes range from 2,300 square feet to 3,020 square feet.  Donohoe Construction is the general contractor for Robinson Landing.  EYA has worked with archaeologists to explore the past of the site at Robinson Landing which has a history that dates back to 1749. City approval is still needed for another restaurant planned for Duke Street, EYA said. For more Virginia commercial real estate news subscribe here to our weekly newsletter, CRE Intel. 2019-03-20T19:30:00+00:00 http://www.virginiabusiness.com/news/article/manufacturer-expanding-in-southwest-virginia Manufacturer expanding in Southwest Virginia http://www.virginiabusiness.com/news/article/manufacturer-expanding-in-southwest-virginia http://www.virginiabusiness.com/news/article/manufacturer-expanding-in-southwest-virginia#When:18:11:00Z Clarke Precision Machine Inc. announced Wednesday that it’s investing $750,000 to expand in Wythe County. The project will add a dozen jobs. The company provides welding, machining and fabrication services. With this expansion, Clarke Precision Machine Inc. will purchase new machinery and expand its facility in Wytheville. The growth will enable the company to handle potential contracts in automotive, construction materials and other industries. The shop was founded in 1964 in Wytheville as Williams Manufacturing. Clarke Precision Machine acquired the company in 2015. The company is receiving up to $9,600 in funding through Virginia Economic Development Partnership’s Virginia Jobs Investment Program to support employee training.The funding is contingent on the number of jobs created.  2019-03-20T18:11:00+00:00 http://www.virginiabusiness.com/news/article/virginia-beach-awards-grants-to-two-businesses Virginia Beach awards grants to two businesses http://www.virginiabusiness.com/news/article/virginia-beach-awards-grants-to-two-businesses http://www.virginiabusiness.com/news/article/virginia-beach-awards-grants-to-two-businesses#When:21:19:00Z The Virginia Beach Development Authority has awarded Economic Development Investment Program (EDIP) grants to World Distribution Services and Point One USA LLC. World Distribution received a grant of $35,000, while Point One’s grant totaled $45,000. “Our mission is to help grow our local economy and investing in the potential of these small but mighty businesses is exactly what the grants program is designed to do,” Interim Economic Development Director Taylor Adams said in a statement. Based in Cleveland, World Distribution provides logistics solutions. It specializes in international and domestic warehousing, distribution services, and local and national transportation services. The company plans to expand from its current 180,000-square-foot location to 320,000 square feet of space at 1537 Air Rail Ave. It will invest a total of $6.23 million in renovation costs, furnishings, and machinery and tools. The project is expected to create 35 jobs. Founded in Virginia Beach in 2013, Point One is a military and law-enforcement training operation. The company was awarded its grant for job creation and a capital investment of $1.5 million. Point One plans to relocate its headquarters from Taylor Farm Road to an 11,000-square-foot facility at Crusader Circle. The new site will be used for manufacturing, warehousing and packaging. Point One also plans to add 15 full-time jobs with an average salary of $65,000 in the next three years. 2019-03-19T21:19:00+00:00 http://www.virginiabusiness.com/news/article/performance-food-group-expands Performance Food Group reaches deal to acquire Illinois-based company http://www.virginiabusiness.com/news/article/performance-food-group-expands http://www.virginiabusiness.com/news/article/performance-food-group-expands#When:20:29:00Z Richmond-based Performance Food Group has signed an agreement to acquire Eby-Brown Company LLC, a Naperville, Ill.-based distributor of prepackaged candy, snacks, specialty beverages and tobacco products. This acquisition will allow PFG’s Vistar segment to expand in the fast-growing convenience store channel, the company said in a news release. Vistar and Eby-Brown combined will serve more than 75,000 locations. Vistar would be No. 1 in locations served and No. 2 in overall non-tobacco convenience volume. Eby-Brown is a privately held company founded more than 125 years ago. It operates distribution facilities in Georgia, Kentucky, Illinois, Indiana, Michigan, Ohio, Pennsylvania and Wisconsin serveng 20 states. Eby-Brown had fiscal 2018 revenues of $5.3 billion, which included $1 billion of tobacco excise taxes. The transaction is expected to be neutral to slightly accretive to PFG’s adjusted earnings per share in fiscal 2020. Subject to regulatory approval, the companies expect the transaction to close in the second quarter of this year. 2019-03-19T20:29:00+00:00 http://www.virginiabusiness.com/uploads2/CRE_Intel_logo.png http://www.virginiabusiness.com/news/article/cville-office-condos-net-1.4-million Cville office condos net $1.4 million http://www.virginiabusiness.com/news/article/cville-office-condos-net-1.4-million http://www.virginiabusiness.com/news/article/cville-office-condos-net-1.4-million#When:19:30:00Z Some downtown area office space in Charlottesville has changed hands in a market that has seen limited supply. Two entities tied to Anna Y. Chytla bought for $1.4 million two condos located in 105 Monticello Ave. in Charlottesville, according to city property and State Corporation Commission records. One of the condos, numbered 101,was purchased last week for $640,244 and the other, numbered 201, sold at the same time for $759,756, Charlottesville property records show. The condo at 101 was sold by an entity called Map V LLC, which bought it in 2008 for $561,567. The other condo was sold by the same company, which bought the other condo in 2010 for $575,000. Both of those entities list a principal office at 923 Gardens Blvd. and Richmond attorney Phillip H. Goodpasture as their registered agent. Two different entities called San River Real Estate LLC and San River Real Estate II LLC each bought one condo. According to Cushman & Wakefield | Thalhimer, the condos were purchased as an investment. Thalhimer’s John Pritzlaff and Jenny Stoner represented the seller in the deal. Charlottesville’s office market has dealt with below-average vacancy rates with limited supply. There are a number of developments in the works aiming to tap into pent up demand. One project called 3Twenty3 is planned to add a five-story office building to downtown. Elsewhere in the area, a 1,935-square-foot condo at 1415 Rolkin Court was bought for $542,000, Thalhimer said. Arcuri Group LLC, a personal security education firm, was the buyer and will occupy the space which sits just outside Charlottesville's city limits. Thalhimer's Jenny Stoner represented the buyer in the deal.  Sign up here for our weekly commercial real estate newsletter, CRE Intel 2019-03-19T19:30:00+00:00 http://www.virginiabusiness.com/news/article/survey-ranks-virginia-as-seventh-most-innovative-state Survey ranks Virginia as seventh most innovative state http://www.virginiabusiness.com/news/article/survey-ranks-virginia-as-seventh-most-innovative-state http://www.virginiabusiness.com/news/article/survey-ranks-virginia-as-seventh-most-innovative-state#When:20:57:00Z A new survey ranks Virginia as the seventh most innovative state in the nation. The ranking was made by the personal-finance website WalletHub in its report on “2019’s Most & Least Innovative States” as well as accompanying videos. WalletHub compared the 50 states and the District of Columbia across 24 key metrics. The data range from share of STEM professionals to R&D spending per capita. Virginia ranked first for projected STEM-job demand by 2020, second for share of technology companies, fifth for share of STEM professionals and eighth for share of science and engineering graduates aged 25+. The commonwealth also ranked tenth in two other categories: eighth-grade math and science performance and venture-capital funding per capita. Massachusetts ranked as the most innovative. It was followed in the top 10 by Washington state, the District of Columbia, Maryland Colorado, California, Virginia, Utah, Delaware and Oregon. Among other neighboring states: North Carolina ranked 21st; Kentucky, 44th; Tennessee, 47th; and West Virginia, 49th. The lowest ranking state on the list was Mississippi. 2019-03-18T20:57:00+00:00 http://www.virginiabusiness.com/companies/article/attorney-joins-gentry-locke-as-partner Attorney joins Gentry Locke as partner http://www.virginiabusiness.com/companies/article/attorney-joins-gentry-locke-as-partner http://www.virginiabusiness.com/companies/article/attorney-joins-gentry-locke-as-partner#When:19:33:00Z Ashley W. Winsky has joined the Roanoke-based law firm Gentry Locke as a partner in its Richmond office. Winsky is a member of the firm’s transportation, insurance, plaintiff personal insurance and civil litigation practices.  She previously worked for McGuireWoods. Winsky earned her law degree from the Antonin Scalia Law School at George Mason University and bachelor’s degree from Virginia Tech. Gentry Locke’s Richmond office was formally opened in September. 2019-03-18T19:33:00+00:00 http://www.virginiabusiness.com/news/article/carter-bank-trust-stock-to-trade-on-nasdaq Carter Bank & Trust stock to trade on Nasdaq http://www.virginiabusiness.com/news/article/carter-bank-trust-stock-to-trade-on-nasdaq http://www.virginiabusiness.com/news/article/carter-bank-trust-stock-to-trade-on-nasdaq#When:19:29:00Z Martinsville-based Carter Bank & Trust said Monday that its common stock will begin trading on the Nasdaq Global Select Market next week. The stock will begin trading on Nasdaq under the bank’s current symbol, “CARE,” on Monday, March 25. “The transition to the Nasdaq Global Select Market should provide us with increased liquidity and greater exposure to investor markets. We are committed to continuing to manage balance sheet growth and improve our overall shareholder value,” Litz H. Van Dyke, the bank’s CEO, said in a statement. The move to Nasdaq signifies “a significant step to advance our strategic priority to grow our franchise value,” he said. The bank’s common stock is now traded on the OTCQX Best Market. 2019-03-18T19:29:00+00:00 http://www.virginiabusiness.com/companies/article/tech-alum-tapped-for-thalhimer Tech alum tapped for Thalhimer http://www.virginiabusiness.com/companies/article/tech-alum-tapped-for-thalhimer http://www.virginiabusiness.com/companies/article/tech-alum-tapped-for-thalhimer#When:14:38:00Z Adam P. Holbrook has joined Cushman & Wakefield | Thalhimer’s Richmond Commercial Property Services group as a portfolio manager. Holbrook will oversee the management of a portfolio that includes office, retail and industrial properties. A Virginia Tech alum, Holbrook has worked in the residential management field for seven years. He most recently worked for Nest Property Management as a marketing and leasing manager. 2019-03-18T14:38:00+00:00 http://www.virginiabusiness.com/news/article/auto-parts-store-sells-for-1.36-million Auto parts store sells for $1.36 million http://www.virginiabusiness.com/news/article/auto-parts-store-sells-for-1.36-million http://www.virginiabusiness.com/news/article/auto-parts-store-sells-for-1.36-million#When:14:22:00Z Trust Agreement of Fred B. Bisger bought for $1.36 million a freestanding retail building at 6909 Forest Hill Ave. in Richmond, according to Cushman & Wakefield | Thalhimer. The 0.64-acre property was most recently assessed at $996,000, according to online Richmond real estate records, which had yet to record the recent sale online. The property last sold in 2007 for $1 million. The seller of the 8,075-square-foot building was ADAU LLC. The new owners bought the Advance Auto Parts store as an investment. Thalhimer’s James Ashby IV handled the sale negotiations on behalf of the buyer. S.L. Nusbaum Realty Co.'s Nathan Shor and Zach Hernandez represented the seller in the deal.  2019-03-18T14:22:00+00:00 http://www.virginiabusiness.com/news/article/virginia-beach-building-sells-for-3.15-million Virginia Beach building sells for $3.15 million http://www.virginiabusiness.com/news/article/virginia-beach-building-sells-for-3.15-million http://www.virginiabusiness.com/news/article/virginia-beach-building-sells-for-3.15-million#When:13:58:00Z A 18,000-square-foot building in Virginia Beach has been sold. Virginia Beach-based Divaris Real Estate said Hilltop Medical LLC bought the Hilltop Medical Center at 1788 Republic Road for $3.15 million. George Fox of Divaris represented the buyer, while Divaris colleagues Jason Oliver and Vivian Turok represented the seller, Republic Road LC. 2019-03-18T13:58:00+00:00 http://www.virginiabusiness.com/news/article/two-companies-lease-space-in-chesapeake Two companies lease space in Chesapeake http://www.virginiabusiness.com/news/article/two-companies-lease-space-in-chesapeake http://www.virginiabusiness.com/news/article/two-companies-lease-space-in-chesapeake#When:13:28:00Z Cushman & Wakefield | Thalhimer reports two lease transactions in Chesapeake. SupplyOne leased 35,000 square feet at 3813 Cook Blvd. in Chesapeake. Dawn F. Griggs of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant. Gastroenterology Associates renewed its lease and expanded for a total of 10,062 square feet at 113 Gainsborough Square in Chesapeake. Christine Kaempfe of Cushman & Wakefield | Thalhimer handled the lease negotiations. 2019-03-18T13:28:00+00:00 http://www.virginiabusiness.com/news/article/unemployment-rate-jumps-in-metro-areas3 Unemployment rate jumps in metro areas http://www.virginiabusiness.com/news/article/unemployment-rate-jumps-in-metro-areas3 http://www.virginiabusiness.com/news/article/unemployment-rate-jumps-in-metro-areas3#When:21:43:00Z Unemployment climbed during January in Virginia’s metro areas. The Virginia Employment Commission reported on Friday that jobless rates grew from a half to eight-tenths of a percentage point in the commonwealth’s 11 metropolitan statistical areas. The biggest increases took place in the New River Valley and Lynchburg areas. The lowest increases were seen in Richmond and Harrisonburg. Despite the higher rates, January’s metro-area figures remained low, with 10 of the 11 MSAs reporting numbers of less than 4 percent. Bristol’s rate was 4 percent. A breakdown shows: Bristol: 4 percent in January, up from 3.3 percent in December. Charlottesville: 3 percent, up from 2.3 percent. Hampton Roads: 3.6 percent, up from 3 percent. Harrisonburg: 3 percent, up from 2.5 percent. Lynchburg: 3.6 percent, up from 2.8 percent. New River Valley: 3.5 percent, up from 2.7 percent. Northern Virginia: 2.8 percent, up from 2.2 percent. Richmond: 3.3 percent, up from 2.8 percent. Roanoke: 3.1 percent, up from 2.5 percent. Staunton-Waynesboro: 3 percent, up from 2.4 percent. Winchester: 2.9 percent, up from 2.3 percent. In smaller, “micropolitan” areas: Big Stone Gap: 5.4 percent, up from 4.3 percent. Danville: 4.1 percent, up from 3.4 percent. Martinsville: 3.9 percent, up from 3.3 percent. Arlington had the lowest overall jobless rate among Virginia localities, 2.3 percent, while Lancaster County had the highest, 7.2 percent. 2019-03-15T21:43:00+00:00 http://www.virginiabusiness.com/news/article/winchester-property-sells-for-3.6-million Winchester property sells for $3.6 million http://www.virginiabusiness.com/news/article/winchester-property-sells-for-3.6-million http://www.virginiabusiness.com/news/article/winchester-property-sells-for-3.6-million#When:20:51:00Z A former outdoors store in Winchester has a new owner with plans to turn the property into a fitness center. WinVA Building LLC bought on Tuesday for $3.6 million a 54,425-square-foot property at 251 Commonwealth Court. The property was most recently assessed at $5.3 million, according to a Frederick County property record. County records online had yet to record the sale, which was announced by Cushman & Wakefield | Thalhimer. WinVA Building LLC lists its registered agent as Alfred John Galiani and its principal office in McLean. The WInchester property is a former Gander Mountain location and sits in the Interstate 81 Corridor. Gander Mountain closed the location in 2017 after the company had filed for Chapter 11 bankruptcy. Plans call for the property to be turned into a gym, says Catharine Spangler, a senior vice president with Cushman & Wakefield | Thalhimer’s Capital Markets Group. Spangler handled sale negotiations with help from Thalhimer’s Virgil Nelson, Sharon Schmidt and Joby Salicetti. 2019-03-15T20:51:00+00:00 http://www.virginiabusiness.com/uploads2/Dufurrena.jpg http://www.virginiabusiness.com/opinion/article/when-choosing-a-benefits-plan-pay-attention-to-dental When choosing a benefits plan, pay attention to dental http://www.virginiabusiness.com/opinion/article/when-choosing-a-benefits-plan-pay-attention-to-dental http://www.virginiabusiness.com/opinion/article/when-choosing-a-benefits-plan-pay-attention-to-dental#When:19:25:00Z When employers design their employee benefits packages, they tend to ask themselves similar questions: • How much can we afford to spend on employee benefits? • Where will that spending have the most positive impact in terms of helping us attract and retain workers? • How can we ensure that our people are as healthy and productive as possible? Understandably, most companies think first of their medical benefits when making these assessments. Health insurance requires a large financial investment and has a significant impact on employees and their dependents. But based on the findings of several recent studies, employers in Virginia and across the country should also be paying close attention to their dental benefits plans. Specifically, they should be encouraging employees to make more use of those benefits, and looking for ways to integrate them with their medical offerings. According to a National Association of Dental Plans (NADP) consumer survey, 16 percent of respondents haven’t had any dental work done in the past three years. Among Virginia residents, only about 70 percent of those with dental benefits said they’ve seen the dentist in the past year. Those of us in the dental insurance industry have tried to identify the factors that keep people from going to the dentist, and we’ve found several. One is a lack of education or awareness. While the importance of preventive medical checkups and screenings is well-established, many don’t apply the same thinking when it comes to their oral care. Too often, people don’t seek dental care until something is hurting them. Another factor is that people are afraid it’s going to hurt. While going to the dentist isn’t always a pleasant experience, advances in care have made it a lot more comfortable than people believe. It’s certainly more comfortable than the pain that comes when dental problems are left untreated. Going to the dentist regularly is an important part of maintaining your overall health. For example, an estimated 74 percent of Americans will have gum disease at some point in their lives. But very few will seek treatment for it. We have conducted research that shows there may be associations between untreated gum disease and other health problems, such as diabetes or heart disease. An estimated 50 percent of Americans are living with at least one chronic health condition, so the impact of foregoing regular dental treatment can be widespread. As responsible employers who want their employees to be healthy and productive, it’s important to identify and remove the barriers that keep people from seeking preventive oral care. Here are some approaches Virginia employers should consider: • Encourage your employees to use their dental benefits. As with regular medical checkups, prevention is the key to optimal outcomes. Identifying oral health problems early and treating them before they get worse is wise advice. • Think of your dental plan as an integral part of your medical benefits offerings. Good oral health is part of a person’s overall wellness. A professional collaboration between dentists and doctors can provide valuable, coordinated information that leads to better health outcomes for the patient. • Consider adding an oral care component to your company’s wellness program. While you’re incentivizing employees to exercise more, quit smoking, lose weight and reduce stress, also promote the importance of receiving regular dental checkups. An integrated approach that connects medical and dental can deliver wellness programs that benefit everyone, while providing targeted outreach to people who need more attention. Many employers are moving in this direction, with more likely to follow. Dr. Quinn Dufurrena is chief dental officer for United Concordia Dental, which delivers dental solutions to more than 8.5 million members. 2019-03-15T19:25:00+00:00 http://www.virginiabusiness.com/news/article/williamsburg-tourism-council-names-executive-director Williamsburg Tourism Council names executive director http://www.virginiabusiness.com/news/article/williamsburg-tourism-council-names-executive-director http://www.virginiabusiness.com/news/article/williamsburg-tourism-council-names-executive-director#When:21:12:00Z The Williamsburg Tourism Council has named Vicki Cimino its executive director and CEO after a five-month search. Cimino will begin her duties with the tourism group on April 15. The council is part of the Greater Williamsburg Chamber and Tourism Alliance. Cimino currently is director of the New Hampshire Division of Travel and Tourism Development. During her three-year tenure, the division has increased direct visitor spending by 4 percent while rooms and meal tax revenue has risen 15 percent. Cimino will lead a staff of eight while managing an annual marketing and sales budget of approximately of $9 million to $12 million  generated by revenue from a sales tax approved by the Virginia General Assembly beginning July 2018. 2019-03-14T21:12:00+00:00 http://www.virginiabusiness.com/uploads2/SHERATONVB.jpg The hotel is located at 3501 Atlantic Avenue | Photo courtesy Shamin Hotels http://www.virginiabusiness.com/news/article/shamin-hotels-buys-another-hotel-on-virginia-beach-oceanfront Shamin Hotels buys another hotel on Virginia Beach Oceanfront http://www.virginiabusiness.com/news/article/shamin-hotels-buys-another-hotel-on-virginia-beach-oceanfront http://www.virginiabusiness.com/news/article/shamin-hotels-buys-another-hotel-on-virginia-beach-oceanfront#When:21:09:00Z The commonwealth’s largest hotel operator has acquired another property on Virginia Beach’s Oceanfront. Chester-based Shamin Hotels says it has purchased the 214-room Sheraton Virginia Beach Oceanfront Hotel from Coastal Hospitality Associates LLC. The sale includes the roughly 300-space parking garage at 205 36th St. Financial terms of the deal, which closed Thursday, were not disclosed. The Virginia Beach Real Estate Assessor’s Office website assessed the property at 3501 Atlantic Avenue at more than $18 million for fiscal year 2020. The hotel’s sales price hasn’t been listed.  The deal represents Shamin’s third recent hotel acquisition on Virginia Beach’s Oceanfront. Last summer, Shamin bought the Hilton Virginia Beach Oceanfront on 30th Street and the Hilton Garden Inn on 33rd Street from Gold Key|PHR Hotels & Resorts. Shamin now owns almost 50 hotels in Virginia, including 13 in Hampton Roads. The new properties span a four-block strip of the Oceanfront, close to Neptune’s Park.  The hotels offer a significant amount of meeting and banquet space, enabling them to compete for large conferences, Amin says. “We'll be able to cross-sell the hotels and provide growth opportunities for our associates as we continue to invest in the area,” he says. Amin says the company has been drawn to the growth of Virginia Beach, which is becoming a year-round destination instead of a seasonal attraction. “There's a lot of conferences and groups that actually come to the Oceanfront in the spring and fall, off season,” he says. The company’s latest Virginia Beach property will remain a Sheraton hotel, Amin says. He plans to upgrade the hotel during the next couple of years to make it comparable to the local Hilton properties Shamin owns. The company plans to retain all the hotel workers previously employed by Coastal Hospitality Associates LLC. 2019-03-14T21:09:00+00:00 http://www.virginiabusiness.com/uploads2/Screen_Shot_2019-03-14_at_4.49.41_PM.png The Wescott project is part of a master planned mixed-use development. Photo: Cushman & Wakefield | Thalhimer http://www.virginiabusiness.com/news/article/central-virginia-tract-fetches-3.6-million Central Virginia tract fetches $3.6 million http://www.virginiabusiness.com/news/article/central-virginia-tract-fetches-3.6-million http://www.virginiabusiness.com/news/article/central-virginia-tract-fetches-3.6-million#When:20:38:00Z A homebuilder plans to develop a residential community on 70 acres in Chesterfield County, close to 26 acres that are under contract for commercial development. HHHunt Communities bought on March 6 for $3.675 million around 70 acres off Hull Street Road at Lonas Parkway in Chesterfield County, John Ridout, vice president of land development at HHHunt Communities, says. Ridout says plans for now call for 320 townhouses and 120 condominiums to be developed as a community called Wescott. Depending on the weather, he says the units will go on sale either at the end of this year or early next year with prices starting somewhere in the $200,000 range. Ridout says the townhouses will range from around 1,200 to 2,000 square feet. Some will have garages. The condos will range from 1,000 to 1,400 square feet and be built in four-story buildings that have elevators. Ridout says HHHunt anticipates receiving approval for its plans next month. Also in Chesterfield, HHHunt Communities is opening in several weeks an apartment community called Abberly at Centerpoint, Ridout says.  David M. Smith of Cushman & Wakefield | Thalhimer represented the seller, 360 Capital Partnership LLC, in the deal. Smith says the firm began marketing the property for a residential development in mid-2016. Smith says the HHHunt property is part of a larger master planned mixed-use development that includes the already-built Addison at Swift Creek Apartments at the end of Lonas Parkway. He says Weinstein Properties owns the apartment community. The development includes Bridgewood Crossing, which is being developed byThe Rebkee Co. Rebkee developed the first phase of commercial development at the site, which included a Dash In convenience store and Aldi grocery store. Rebkee is under contract to purchase 26 acres that front Hull Street Road for the second phase of the development, Smith says. He says Rebkee is in talks with multiple users, including a hotel developer. 2019-03-14T20:38:00+00:00 http://www.virginiabusiness.com/news/article/smyth-county-expansion-expected-to-create-42-jobs Smyth County expansion expected to create 42 jobs http://www.virginiabusiness.com/news/article/smyth-county-expansion-expected-to-create-42-jobs http://www.virginiabusiness.com/news/article/smyth-county-expansion-expected-to-create-42-jobs#When:19:36:00Z Scholle IPN Packaging Inc. plans to expand its production facility in Smyth County. The $10.29 million investment in the Chilhowie plant is expected to add 42 jobs to the plant’s workforce. Illinois-based Scholle is one of the world’s largest packaging manufacturers. It provides sustainable packaging for a variety of industries, including the food and beverage, agriculture, automotive, cleaning, personal-care and pharmaceutical sectors. The company employs 2,000 workers at sites in 14 countries.  Kent Kisselle, Scholle’s vice president and general manager of North America, said the expansion is a key milestone in the company’s long-range plan for its North American business. “Our decision to expand in Chilhowie was necessitated by our continued growth in core flexible packaging markets along with the need to support our long-term strategic objectives,” he said in a statement. “These initiatives include the development and application of a broad range of technologies to our business, and training our people in using these tools.” He described Southwest Virginia as a “strong fit” for the company’s plans because of the availability of high-quality labor. The Virginia Economic Development Partnership worked with Smyth County, the Virginia Industrial Advancement Alliance, the Virginia Tobacco Region Revitalization Commission and the Virginia Port Authority to secure the project. Gov. Ralph Northam approved a $125,000 grant from the Commonwealth’s Opportunity Fund to assist with the project. The Tobacco Region Revitalization Commission approved $195,000 in Tobacco Region Opportunity Funds. Scholle also will be eligible to receive Sales and Use Tax exemptions on manufacturing equipment, as well as benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. The company also qualifies for state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. 2019-03-14T19:36:00+00:00 http://www.virginiabusiness.com/news/article/m.c.-dean-to-expand-caroline-facility M.C. Dean to expand Caroline facility http://www.virginiabusiness.com/news/article/m.c.-dean-to-expand-caroline-facility http://www.virginiabusiness.com/news/article/m.c.-dean-to-expand-caroline-facility#When:09:18:00Z M.C. Dean Inc. plans to expand its fabrication and distribution facility in Caroline County, creating 100 new jobs. The Tysons-based electrical engineering firm plans to spend $25.1 million to add a new product line at its Caroline facility. The expansion, which opens this summer, will double the company’s manufacturing capacity to support high-growth customers such as data centers, airports and health-care facilities. The site of the expansion was renamed the Caroline County Center for Innovation and Industry and adds more than 220 new acres of land to support future expansion. “The Center for Innovation and Industry is a strategic investment to grow our modular production and manufacturing capabilities to meet customer demands for speed to market, improved quality, and more reliable pricing,” Bill Dean, CEO of M.C. Dean, said in a statement. “We believe that modular delivery is the future of the construction industry, and we’re pleased with our decision to double down on that investment here in our home state of Virginia.” Gov. Ralph Northam approved a $500,000 grant from the Commonwealth’s Opportunity Fund and a $250,000 performance-based grant from the Virginia Investment (VIP) program for the project. M.C. Dean opened its Caroline facility in 2006. 2019-03-14T09:18:00+00:00 http://www.virginiabusiness.com/news/article/virginia-business-meet-the-editors-hampton-roads Virginia Business Meet the Editors Hampton Roads http://www.virginiabusiness.com/news/article/virginia-business-meet-the-editors-hampton-roads http://www.virginiabusiness.com/news/article/virginia-business-meet-the-editors-hampton-roads#When:03:13:00Z Virginia Business Meet the Editors Hampton Roads March 13, 2019 Town Point Club- Norfolk, Va. Sponsored by ...   Click here to view more photos from the event  2019-03-14T03:13:00+00:00 http://www.virginiabusiness.com/news/article/pilot-program-will-target-unnecessary-medical-procedures Pilot program will target unnecessary medical procedures http://www.virginiabusiness.com/news/article/pilot-program-will-target-unnecessary-medical-procedures http://www.virginiabusiness.com/news/article/pilot-program-will-target-unnecessary-medical-procedures#When:17:00:00Z The Virginia Center for Health Innovation (VCHI) has received a $2.2 million grant to begin a pilot program to reduce unnecessary medical tests and procedures. Recent research has shown that these practices, called “low-value health care,” add no value in particular clinical circumstances and can lead to potential patient harm and greater expense. Dr. Daniel Carey, Virginia’s secretary of health and human resources, announced the grant from the philanthropic group Arnold Ventures on Wednesday during the University of Michigan’s Value-Based Insurance Design Summit in Ann Arbor. In 2012 the American Board for Internal Medicine’s “Choosing Wisely” initiative identified more than 550 tests and procedures that should be questioned by providers and patients. VHCI used 2017 claims data for 5 million Virginians from Virginia’s All-Payer Claims Database and the Milliman MedInsight Health Waste Calculator to scrutinize 42 of these questionable procedures. The organization’s research identified 2.07 million unnecessary services costing $747 million. “The data made it clear we needed to do much, much better,” Carey said in a statement. In a partnership with Michigan’s VBID Center, the American Board of Internal Medicine, Virginia Health Information, and Milliman, VCHI will work with six Virginia health systems and three clinically integrated networks to reduce low-value care. The health organizations are Ballad Health; Carilion Clinic; HCA and Virginia Care Partners; Inova and Signature Partners; Sentara and Sentara Quality Care Network; and VCU Health System. These groups, representing more than 900 practice sites, will form a large-scale health system learning community targeting the reduction of seven low-value care measures. Beth Bortz, president and CEO of the Virginia Center for Health Innovation, said the initiative partners will review baseline and practice-level performance data from the Milliman MedInsight Health Waste Calculator, develop system improvements based on that information and share best practices. VCHI also will launch a task force aimed at increasing employers’ awareness of low-value health care and showing them actions they can take to make improvements. Both the Virginia Chamber of Commerce and the Virginia Business Coalition are project partners. “Employers are concerned with the continuously rising cost of health care and are looking for ways to ensure maximum value for their investment.  This effort, which is both data-driven and highly collaborative, is exactly the kind of partnership our members are ready to engage in,” Barry DuVal, president and CEO of the Virginia Chamber, said in a statement. With the Arnold grant, VCHI plans to: ·         increase clinician competence in reviewing performance reports and implementing targeted interventions to improve outcomes; ·         improve understanding of which interventions are effective in reducing seven provider-driven low-value care tests and procedures and provide health systems and practice leaders throughout the country with tested best practices they can implement; ·         reduce the physical, emotional, and financial harm patients experience from unnecessary tests and procedures; and ·         educate Virginia employers (including state government) on the actions they can take to drive complementary payment reform that better incentivizes value in health care. 2019-03-13T17:00:00+00:00 http://www.virginiabusiness.com/news/article/towne-insurance-acquires-richmond-firm Towne Insurance acquires Richmond firm http://www.virginiabusiness.com/news/article/towne-insurance-acquires-richmond-firm http://www.virginiabusiness.com/news/article/towne-insurance-acquires-richmond-firm#When:09:17:00Z Towne Insurance, a subsidiary of TowneBank, has acquired Richmond-based Straus, Itzkowitz & LeCompte Insurance. The acquisition marks Towne Insurance’s 23rd acquisition. Straus, Itzkowitz & LeCompte, a 151-year-old agency, is led by President Fred Itzkowitz and Executive Vice President Pettus LeCompte. Terms of the deal were not disclosed. After the acquisition, Towne Insurance, which is based in Virginia Beach, will grow to more than 422 professionals with 30 offices throughout Virginia and North Carolina. 2019-03-13T09:17:00+00:00 http://www.virginiabusiness.com/news/article/central-virginia-office-sells-for-7.5-million Office building sells for $7.5 million http://www.virginiabusiness.com/news/article/central-virginia-office-sells-for-7.5-million http://www.virginiabusiness.com/news/article/central-virginia-office-sells-for-7.5-million#When:00:29:00Z JBW Windsor Investment Company bought for $7.5 million Windsor I, a single-story office flex building at 8550 Magellan Parkway in the Windsor Business Park in the Richmond area, Cushman & Wakefield | Thalhimer announced Tuesday. The 58,000-square-foot building was sold by Magellan Investors LLC, an affiliate of Fernau Leblanc Investment Partners of Bethesda, Maryland and John B. Levy & Company of Richmond. Windsor I was built in 1999 and is completely occupied by Bon Secours Nursing School and Patterson Dental Supply. The building is one of six in the 62-acre Windsor Business Park. Eric Robison, senior vice president of Cushman & Wakefield | Thalhimer’s Capital Markets Group and Thalhimer’s Evan Magrill handled the sale. Gregg W. Beck, also with Thalhimer, represented the buyer in the deal. 2019-03-13T00:29:00+00:00 http://www.virginiabusiness.com/uploads2/liberty_guardsquarters_precon.jpg The site of former guards' quarters at Lorton Reformatory. Photo courtesy of Alexander Company. http://www.virginiabusiness.com/news/article/nova-apartments-break-ground NoVA apartments break ground http://www.virginiabusiness.com/news/article/nova-apartments-break-ground http://www.virginiabusiness.com/news/article/nova-apartments-break-ground#When:20:22:00Z A real estate development that’s 10 years in the making is nearing its completion. Wisconsin-based Alexander Company has broken ground on what the company said in a press release is the last phase of apartments at Liberty Crest at the former site of the Lorton Reformatory. The work includes an adaptive reuse of former guards’ quarters near Silverbrook Road into six townhome-style apartments. The apartments are one- and two-bedroom units. They will range in rents from $2,100 per month for 1,372 square feet to $3,100 per month for 2,054 square feet. An earlier phase of Liberty Crest saw the development of 165 historic apartments. Lorton Reformatory was originally commissioned in the early 20th century and has undergone redevelopment since. In addition to the Alexander Company, Elm Street Development and Fairfax County have worked on the redevelopment of the former prison site.   2019-03-12T20:22:00+00:00 http://www.virginiabusiness.com/news/article/richmond-shopping-center-portfolio-sells-for-125-million Richmond shopping center portfolio sells for $125 million http://www.virginiabusiness.com/news/article/richmond-shopping-center-portfolio-sells-for-125-million http://www.virginiabusiness.com/news/article/richmond-shopping-center-portfolio-sells-for-125-million#When:09:36:00Z Richmond-based Marchetti Properties has sold a five-property shopping center portfolio in the Richmond area for $125 million. Vienna-based Rosenthal Properties purchased the portfolio, which includes a total of 745,000 square feet of retail space, on March 1. Rosenthal also owns West Broad Marketplace in Western Henrico County. Connie Jordan Nielsen, senior vice president at Cushman & Wakefield | Thalhimer, represented Marchteti Properties in the sale. The properties, which are either discounter or grocery-anchored, are on average more than 95 percent leased. The portfolio includes: • Stonehenge Village, located on Midlothian Turnpike at Walmart Way (12501-125601 Stone Village Way) in Chesterfield County. The 180,000-square-foot shopping center is anchored by Wegmans and includes 71,300 square feet of inline space, with five outparcels. • Parham Plaza, located on N. Parham Road at Quioccasin Road (1518-1532 N. Parham Road) in Henrico County, is a 177,450-square-foot center anchored by Walmart, T.J. Maxx and Petco. • Staples Mill Marketplace is a 156,476-square-foot retail center anchored by Kroger Marketplace, with multiple outparcels including Panda Express and Zaxby’s, located on Staples Mill Road (9000-9120 Staples Mill Road) near the intersection of Hungary Spring Road in Henrico County. • Ridge Shopping Center, totaling 101,163 square feet, is located across from Parham Plaza at 1500-1552 N. Parham Road, and anchored by The Fresh Market. • Staples Mill Square, a 96,488-square-foot Target (separately owned), Aldi and Petco-anchored center, is located on Staples Mill Road at Old Staples Mill Road (9001 Staples Mill Road) in Henrico County. 2019-03-12T09:36:00+00:00 http://www.virginiabusiness.com/uploads2/SAIC_Moraco_Keene.jpg Nazzic Keene will succeed Tony Moraco as CEO this summer.Photo courtesy SAIC. http://www.virginiabusiness.com/news/article/saic-announces-new-ceo SAIC announces new CEO http://www.virginiabusiness.com/news/article/saic-announces-new-ceo http://www.virginiabusiness.com/news/article/saic-announces-new-ceo#When:08:55:00Z Science Applications International Corp. (SAIC) announced Monday that Tony Moraco will retire as CEO of the government IT contractor July 31. Nazzic Keene, the company’s current chief operating officer, will succeed him.  Keene joined Reston-based SAIC in 2012. Since then, she has risen through the company’s ranks to lead its daily operations as its chief operating officer and to oversee the merger and integration of Engility, which became a wholly-owned subsidiary of SAIC on Jan. 14, 2019. "She has an exceptional track-record leading the company’s operations, building great teams, and growing business, most recently as the lead architect of the highly-successful Engility merger and integration," Moraco said in a statement. "Nazzic is the best person to take the helm, accelerate SAIC’s mission-focused strategy, and continue to deliver outstanding value for our customers, employees, and shareholders.” Previously Keene was president of the company’s Global Markets & Mission sector and senior vice president for corporate strategy and planning, where she played a key role in the spin-off of SAIC in 2013. Moraco has led SAIC since it spun off from the company that is now known as Leidos.     2019-03-12T08:55:00+00:00 http://www.virginiabusiness.com/uploads2/Bob_Ritchie_Portrait.jpg Image courtesy SAIC. http://www.virginiabusiness.com/companies/article/science-applications-international-corp.-names-new-software-lead Science Applications International Corp. names new software lead http://www.virginiabusiness.com/companies/article/science-applications-international-corp.-names-new-software-lead http://www.virginiabusiness.com/companies/article/science-applications-international-corp.-names-new-software-lead#When:20:22:00Z Reston-based Science Applications International Corp. announced Monday it has named Bob Ritchie head of the company’s software practice, effective immediately. Ritchie succeeds Kevin Ikeda, who retires this month. In this role, Ritchie is responsible for the strategy and investment, development, integration, and sustainment of software applications, as well as the migration of code and apps to new environments. The company said software underpins almost everything it does for its customers in defense, space, federal civilian and intelligence markets. Ritchie began his career as a tech lead for SAIC and was a research fellow in 2016 specializing in micro-services architecture. His past experience also includes working as director of software engineering at Capital One. Ritchie earned a bachelor’s degree computer engineering from Virginia Tech. He holds eight Amazon Web Services certifications. SAIC employs almost 3,000 software professionals. It has a total of 23,000 workers and annual revenue of approximately $6.5 billion. 2019-03-11T20:22:00+00:00 http://www.virginiabusiness.com/news/article/virginia-jobless-rate-remains-unchanged Virginia jobless rate remains unchanged http://www.virginiabusiness.com/news/article/virginia-jobless-rate-remains-unchanged http://www.virginiabusiness.com/news/article/virginia-jobless-rate-remains-unchanged#When:20:19:00Z Virginia’s unemployment rate in January remained at 2.8 percent for the sixth consecutive month. The seasonally adjusted rate was down half a percentage point from January 2018. The 2.8 figure is the lowest jobless statistic seen in the commonwealth since April 2001. The national seasonally adjusted unemployment rate was 4 percent in January. Seasonally adjusted unemployment figures take into account seasonal fluctuations in the labor market. The Virginia labor force added 7,183 workers in January, its seventh consecutive expansion, for a total of 4,346,164. The commonwealth’s nonfarm employment rose by 23,700 jobs in January to a record high, 4,032,300. From December 2018 to January 2019,  employment increased in all major industry divisions in Virginia except manufacturing, which declined by a slight 100 jobs to 243,900. The largest job gain during January occurred in the leisure and hospitality sector, which increased by 7,000 jobs to 417,800. 2019-03-11T20:19:00+00:00 http://www.virginiabusiness.com/news/article/colliers-awarded-leasing-space-in-innsbrook Colliers awarded leasing space in Innsbrook http://www.virginiabusiness.com/news/article/colliers-awarded-leasing-space-in-innsbrook http://www.virginiabusiness.com/news/article/colliers-awarded-leasing-space-in-innsbrook#When:15:01:00Z Colliers International announced it has won leasing responsibilities for buildings in the Innsbrook area of Henrico County. The commercial real estate services firm announced Monday it will handle leasing for 5600, 5620 and 5640 Cox Road. Franklin Street Properties Corp. owns the buildings. The project includes three Class A office buildings totaling more than 300,000 square feet. Amenities include an onsite fitness center, cafeteria and conference facility. The building at 5600 Cox Road is currently available with 127,500 square feet on three floors. Colliers First Vice President Wood Thornton and Senior Vice President Malcolm Randolph will handle the leasing responsibilities for the buildings. 2019-03-11T15:01:00+00:00 http://www.virginiabusiness.com/news/article/specialty-coating-and-laminating-renews-lease-in-spotsylvania-county Specialty Coating and Laminating renews lease in Spotsylvania County http://www.virginiabusiness.com/news/article/specialty-coating-and-laminating-renews-lease-in-spotsylvania-county http://www.virginiabusiness.com/news/article/specialty-coating-and-laminating-renews-lease-in-spotsylvania-county#When:13:39:00Z Specialty Coating and Laminating has renewed a lease of 32,500 square feet of industrial space in McK Business Park in Spotsylvania County. Cushman & Wakefield | Thalhimer announced the lease at 3010 Mine Road.  Virgil Nelson and Wilson H. Greenlaw Jr. handled the lease negotiations.   Cushman & Wakefield | Thalhimer also said that Boxley Materials Co. Inc. has leased 10,500 square feet in Salem. Boyd Johnson handled the lease negotiations for the property at 1993 Salem Industrial Drive. 2019-03-11T13:39:00+00:00 http://www.virginiabusiness.com/news/article/family-dollar-adding-central-virginia-location Family Dollar adding central Virginia location http://www.virginiabusiness.com/news/article/family-dollar-adding-central-virginia-location http://www.virginiabusiness.com/news/article/family-dollar-adding-central-virginia-location#When:20:13:00Z After announcing plans to close and open hundreds of locations in 2019, a national dollar store chain is adding a new store in Richmond. Family Dollar plans to open next month a new location at 624 W. Southside Plaza. The national company has leased the 12,750-square-foot space. Last week, Family Dollar’s parent company, Dollar Tree, announced plans to close 390 Family Dollar stores in 2019. Plans also call for opening 350 new Dollar Tree stores and 200 new Family Dollar stores. In addition, the company is rebranding 200 Family Dollar locations under the Dollar Tree banner and renovating 1,000 Family Dollar locations. Dollar Tree bought Family Dollar in 2015 for $8.5 billion. The company has not said which stores will or might close. As of February 2, there were 7,001 Dollar Tree stores and 8,236 Family Dollar stores. Virginia has 180 Dollar Tree stores and 240 Family Dollar locations.  Family Dollar’s sales have struggled for years due to “neglected stores, poor product selection and unhappy workers, according to analysts,” the Wall Street Journal reports. “I know it’s worth more to us than we are getting credit for and quite frankly it’s not worth that much to anyone else,” Dollar Tree CEO Gary Philbin said in an interview with the Wall Street Journal discussing Family Dollar’s future. “We are the ones committed to fixing and growing it.” Nicki Jassy of Cushman & Wakefield | Thalhimer represented Family Dollar in its lease negotiations for the new Richmond location. 2019-03-08T20:13:00+00:00 http://www.virginiabusiness.com/news/article/university-of-virginia-raises-minimum-wage University of Virginia raises minimum wage http://www.virginiabusiness.com/news/article/university-of-virginia-raises-minimum-wage http://www.virginiabusiness.com/news/article/university-of-virginia-raises-minimum-wage#When:22:06:00Z   The University of Virginia said Thursday that it will pay all full-time, benefits-eligible employees in its academic division and medical center at least $15 an hour, beginning Jan. 1. The wage adjustment will raise the pay of 1,400 full-time, benefits-eligible employees, who account for about 60 percent of university workers now earning less than $15 an hour. The university said it is considering how to address wages for the remaining 40 percent of full-time workers making less than $15 an hour, who are employed by contractors.  “As a university, we should live our values — and part of that means making sure that no one who works at U.Va. should live in poverty,” U.Va. President Jim Ryan said in a message to the university community. Ryan said extending the $15 commitment to contract employees “is legally and logistically more complicated, but our goal is to make it happen.” The federal minimum wage is $7.25 an hour. Raising wages for the 1,400 workers will cost U.Va. about $3.5 million per year, the university said. U.Va.’s lowest-paid employees now make at least $12.75 per hour. The wage increase to $15 an hour will increase their annual gross pay by more than $4,500. The university’s academic division and medical center employ more than 17,400 full-time, benefits-eligible workers. The university is following the lead of a number of cities and states in raising its minimum wage. The group includes Charlottesville and the District of Columbia. Duke University and the University of California also have implemented higher minimum wages. In addition, the U.Va. Community Working Group established by Ryan in October last week identified jobs and wages as being among the university’s most pressing issues. Ryan said the wage increase is just a first step in the university’s efforts to address issues identified by the working group. 2019-03-07T22:06:00+00:00 http://www.virginiabusiness.com/uploads2/justice-2071539_640_%281%29.jpg http://www.virginiabusiness.com/news/article/colonial-heights-broker-settles-rent-scam-allegations Colonial Heights broker settles rent scam allegations http://www.virginiabusiness.com/news/article/colonial-heights-broker-settles-rent-scam-allegations http://www.virginiabusiness.com/news/article/colonial-heights-broker-settles-rent-scam-allegations#When:20:33:00Z A Colonial Heights real estate broker has agreed to settle allegations he ran afoul of a federal rent subsidy program. Harold Joseph Tyler, the owner of Tyler Realty Group, agreed to settle allegations that he collected additional rent from a low-income tenant, the U.S. Attorney’s Office of the Eastern District of Virginia announced Thursday. Collecting additional money for rent is not allowed under the U.S. Department of Housing and Urban Development program in which Tyler was participating. The federally funded program, the Housing Choice Voucher Program, is for low-income residents. In exchange for participating, Tyler gets part of the rent from housing assistance funds from the Department of Housing and Urban Development. The U.S. alleged that Tyler violated the federal False Claims Act, a law that sets penalties for defrauding the government. Tyler had agreed not to receive payments in excess of the agreed rent. Nonetheless, the Tyler Realty Group for about 72 months allegedly collected $190 more than the rent from a tenant in the form of a monthly “non-refundable deposit.” It was the tenant who filed a complaint. A Tyler Realty Group spokesman declined to comment on the settlement. 2019-03-07T20:33:00+00:00 http://www.virginiabusiness.com/news/article/defense-manufacturer-to-bring-44-jobs-to-rockbridge-county Defense manufacturer to bring 44 jobs to Rockbridge County http://www.virginiabusiness.com/news/article/defense-manufacturer-to-bring-44-jobs-to-rockbridge-county http://www.virginiabusiness.com/news/article/defense-manufacturer-to-bring-44-jobs-to-rockbridge-county#When:19:51:00Z Dynovis Inc. is expanding in Rockbridge County. The Virginia-based manufacturer said Thursday that it is investing $592,000 to establish a new manufacturing operation in the county, which will create 44 jobs. The company will renovate a formerly vacant 75,000-square-foot facility and will invest in new equipment to increase its production capabilities. Dynovis Inc. serves aerospace and defense companies by developing deployable equipment, such as rapid deployment shelters and aerostats.   The company is eligible to receive up to $30,800 from the Virginia Jobs Investment Program, which provides consulting services and funding for employee training activities. 2019-03-07T19:51:00+00:00 http://www.virginiabusiness.com/news/article/great-wolf-lodge-set-to-complete-7-million-renovation-this-month Great Wolf Lodge set to complete $7 million renovation this month http://www.virginiabusiness.com/news/article/great-wolf-lodge-set-to-complete-7-million-renovation-this-month http://www.virginiabusiness.com/news/article/great-wolf-lodge-set-to-complete-7-million-renovation-this-month#When:21:57:00Z The Great Wolf Lodge in Williamsburg has announced its on track to finish $7 million in renovations on March 22. The project includes a transformation of 405 guest rooms, corridors and stairwells. Guests visiting the resort after the renovation can expect a transition from the classic, rustic log cabin look in the rooms, to more of a modern lodge feel with dark wood tones mixed with bright and airy accents. The resort’s 79,000-square-foot indoor waterpark, attractions and eateries will remain open during the rehabilitation. Great Wolf Lodge says this is the most extensive renovation since its opening in 2005. 2019-03-06T21:57:00+00:00 http://www.virginiabusiness.com/uploads2/justice-2071539_640.jpg http://www.virginiabusiness.com/news/article/danville-man-sentenced-on-fraud-and-identity-theft-charges Danville man sentenced on fraud and identity theft charges http://www.virginiabusiness.com/news/article/danville-man-sentenced-on-fraud-and-identity-theft-charges http://www.virginiabusiness.com/news/article/danville-man-sentenced-on-fraud-and-identity-theft-charges#When:21:35:00Z A Danville man has been sentenced to almost a decade in prison on fraud and identity theft charges. Tyrone Dwayne Young, 30, was sentenced Tuesday to 111 months in federal prison and has been ordered to pay restitution of more than $1.1 million, the U.S. Attorney’s Office of the Western District of Virginia announced. In November, Young pled guilty to one count wire fraud, one count of student loan fraud and one count of aggravated identity theft. Young’s fraudulent activity involved the personal information of more than 60 people. His scheme resulted in an attempted loss of $1.4 million to the Department of Education and the affected schools. Young has to pay restitution to the U.S. Department of Education along with the following schools: Liberty University, Strayer University, Capella University, Post University, the University of Phoenix, Derry University, Kaplan University and Argosy University. Young’s fraud stemmed from enrolling dozens of people in online universities for personal gain. He used personal identifiers of family members and friends to enroll them as students in online schools so he could get federal loans in their names. Young tracked and orchestrated getting the fraudulent student loans for his own use. Young took his scheme beyond just his immediate circle of family and friends. He posed as a higher education employee and encouraged low-income residents in the Danville area to provide personal information with the promise of free government money. 2019-03-06T21:35:00+00:00 http://www.virginiabusiness.com/news/article/the-clorox-co.-wants-to-open-a-manufacturing-center-in-the-valley The Clorox Co. wants to open a manufacturing center in the Valley http://www.virginiabusiness.com/news/article/the-clorox-co.-wants-to-open-a-manufacturing-center-in-the-valley http://www.virginiabusiness.com/news/article/the-clorox-co.-wants-to-open-a-manufacturing-center-in-the-valley#When:20:28:00Z The Clorox Co. wants to establish a kitty litter manufacturing operation in Frederick County that would create up 100 jobs, the governor’s office announced Wednesday. But first the county must amend its comprehensive plan and rezone the property, according to Patrick Barker,  executive director of the Frederick County Economic Development Authority. The property is off Interstate 81 Exit 321 and adjacent to the Carmeuse Lime and Stone manufacturing facility in the Clearbrook area of the county. The facility would be Clorox’s second in Virginia. The company owns a manufacturing plant in Amherst that produces the company’s Glad-branded products. 2019-03-06T20:28:00+00:00 http://www.virginiabusiness.com/news/article/luna-innovations-acquires-california-firm-for-20-million Luna Innovations acquires California firm for $20 million http://www.virginiabusiness.com/news/article/luna-innovations-acquires-california-firm-for-20-million http://www.virginiabusiness.com/news/article/luna-innovations-acquires-california-firm-for-20-million#When:00:43:00Z Roanoke-based Luna Innovations Inc. has acquired California-based General Photonics Corp. for $20 million. Luna, a provider of advanced, fiber optic-based technology, says the deal will accelerate its growth in the communications test market. General Photonics provides components, modules and test equipment focused on the generation, measurement and control of polarized light critical in fiber optic-based applications. In a statement, Scott Graeff, Luna’s president and CEO, described the deal as “another step in the execution of our core strategy. This acquisition brings a highly complementary product portfolio to the capabilities of Luna’s communications test products.” “We have created a broader, stronger product portfolio that is centered around what we do best: measure and manage light in optical fiber,” Brian Soller, vice president and general manager of Luna’s Lightwave Division,  said in statement. “The complementary nature of our combined product lines will allow Luna to leverage existing channels to market and provide solutions across more of the value chain in our key target markets.” Luna posted revenue of $13.5 million for the quarter ending Dec. 31, an increase of 37 percent from the same period in 2017. Total revenues for fiscal year 2018 were $42.9 million, up 30 percent from the previous year. 2019-03-06T00:43:00+00:00 http://www.virginiabusiness.com/news/article/real-estate-firm-adds-new-executive Real estate firm adds new executive http://www.virginiabusiness.com/news/article/real-estate-firm-adds-new-executive http://www.virginiabusiness.com/news/article/real-estate-firm-adds-new-executive#When:21:35:00Z A Hampton Roads real estate firm has added a new executive. Norfolk-based S.L. Nusbaum Realty Co. announced Tuesday the hiring of Andrew M. Pegalis in the real estate firm’s Richmond office. Pegalis will focus on finding development and investment opportunities along with management of assets for different partnerships. Pegalis was formerly a managing member at Acclaim Properties LLC, a commercial real estate firm based in Richmond and senior account executive and general counsel for an insurance company in Leesburg called Armfield, Harrison & Thomas Inc. In other S.L. Nusbaum news, the company recently took over management of a multifamily property with 15 communities in and around downtown Norfolk. 2019-03-05T21:35:00+00:00 http://www.virginiabusiness.com/uploads2/2018_CFO_winners.png 2018 CFO category winners http://www.virginiabusiness.com/news/article/2019-cfo-awards-nominations-open 2019 CFO Awards nominations open http://www.virginiabusiness.com/news/article/2019-cfo-awards-nominations-open http://www.virginiabusiness.com/news/article/2019-cfo-awards-nominations-open#When:14:25:00Z Virginia Business is now accepting nominations for its 2019 Virginia CFO Awards. Each year, Virginia Business presents awards to chief financial executives in five categories: Publicly traded company Small private companies (fewer than 100 employees) Large private companies (more than 100 employees) Small nonprofit organizations (fewer than 100 employees) Large nonprofit organizations (more than 100 employees) CFOs can be nominated using a written form or by using our online form. The deadline for submission is April 29, 2019. All nominees will be invited to attend an awards presentation at The Jefferson Hotel in Richmond on June 12. 2019-03-05T14:25:00+00:00 http://www.virginiabusiness.com/news/article/hundreds-of-jobs-coming-to-chesterfield-county Hundreds of jobs coming to Chesterfield County http://www.virginiabusiness.com/news/article/hundreds-of-jobs-coming-to-chesterfield-county http://www.virginiabusiness.com/news/article/hundreds-of-jobs-coming-to-chesterfield-county#When:22:15:00Z The Results Cos. is expanding in Chesterfield County. The Fort Lauderdale, Fla.-based company said Monday that it’s investing $1.5 million to add a second call center in the county, which will create 600 jobs. The company will lease additional space in Midlothian for its new call center.  The Results Cos. serves various industries, including technology, energy and financial services. It employs more than 1,300 people in Virginia. The company is eligible to receive up to $210,000 from the Virginia Jobs Investment Program, which provides consulting services and funding for employee training activities. The Results Cos. also is eligible to receive a Major Business Facility Job Tax Credit for the new, full-time jobs it creates. The commonwealth competed against New Mexico for the project. 2019-03-04T22:15:00+00:00 http://www.virginiabusiness.com/news/article/norfolk-office-buildings-sell-for-24.9-million Norfolk office buildings sell for $24.9 million http://www.virginiabusiness.com/news/article/norfolk-office-buildings-sell-for-24.9-million http://www.virginiabusiness.com/news/article/norfolk-office-buildings-sell-for-24.9-million#When:22:04:00Z A Norfolk office complex has been sold for $24.9 million. Colliers International said that SF Partners, a Florida-based real estate investment firm, bought Twin Oaks, a Class A office portfolio at 5700 and 5800 Lake Wright Drive in Norfolk. The seller was an affiliate of Guardian Realty Investors LLC of Bethesda, Md. Twin Oaks includes two adjacent, four-story buildings totaling about 171,000 square feet. Colliers arranged the sale, which was led by J. Scott Adams, president of Colliers | Virginia in association with the Colliers International leasing team of Don Crigger and Mac Weaver. Twin Oaks is located in the Lake Wright Executive Center, a corporate campus adjacent to Interstate 64, at the intersection of Military Highway and Northampton Boulevard. The property’s tenants include Booz Allen Hamilton and Titan America. 2019-03-04T22:04:00+00:00 http://www.virginiabusiness.com/news/article/multifamily-portfolio-under-new-management Multifamily portfolio under new management http://www.virginiabusiness.com/news/article/multifamily-portfolio-under-new-management http://www.virginiabusiness.com/news/article/multifamily-portfolio-under-new-management#When:21:34:00Z A portfolio of Hampton Roads multifamily communities is under new management. S.L. Nusbaum Realty Co. is now managing Marathon Development Group’s portfolio of 15 multifamily communities in and around downtown Norfolk. S.L. Nusbaum is based in Norfolk and says it manages a portfolio of more than 25,000 apartment homes throughout the Mid-Atlantic and Southeast. Marathon Development Group is a real estate development firm based in Norfolk. The new portfolio includes the apartments at Icon at 321 E. Main St., in addition to the following properties: -  East Beach Marina, 4921 Pretty Lake Avenue -  The Wainwright Downtown, 229 W. Bute Street -  Botetourt, 500 Botetourt Street -  The Law Building, 145 Granby Street -  The Fairfax, 117 W. City Hall Avenue -  Savoy, 161 Granby Street  -  Century, 151-155 Granby Street -  The Virginia Building, 101 W. Plume Street -  Metro on Granby (Phase I & II), 401 Granby Street -  The James, 345 Granby Street -  The Loraine, 245 Granby Street -  The Rockefeller (Phase I & II), 130 Brooke Avenue 2019-03-04T21:34:00+00:00 http://www.virginiabusiness.com/news/article/short-pump-area-apartments-sold Short Pump area apartments sold http://www.virginiabusiness.com/news/article/short-pump-area-apartments-sold http://www.virginiabusiness.com/news/article/short-pump-area-apartments-sold#When:14:45:00Z An out-of-state buyer has scooped up some prime real estate in the Richmond area. Georgia-based multifamily developer and investment firm Pollack Shores Real Estate Group said in a news release it and an entity called Heitman LLC had acquired the Flats at West Broad Village at 3930 Wild Goose Lane in the heart of the Short Pump shopping area. Pollack Shores would not say what it paid for the 339-unit apartment community. The Flats at West Broad Village was most recently assessed at $76.6 million, according to Henrico County property records, which have yet to record the sale to the new owners. The Flats sold in an $85.8 million deal in 2012 to an entity tied to the Florida-based mixed-use developer Unicorp National Developments Inc., the original developer of West Broad Village. Pollack Shores' acquisition of The Flats at West Broad Village marks the company’s entry to the Mid-Atlantic market. The company said it plans to invest $4.5 million capital improvements at the property. In addition to the apartments, the deal includes 8,300 square feet of ground floor retail that will be used for a new leasing office, fitness center and internet cafe. “The property is well-positioned for future rent growth by way of metro Richmond’s fast-growing employment base and an abundance of shopping and dining options right outside our door,” Brendan Whalen, vice president of acquisitions at Pollack Shores, said in a press release. “We anticipate that this will be the first of many acquisitions in Richmond and the mid-Atlantic region.” A subsidiary of Pollack Shores, called Matrix Residential, will manage The Flats at West Broad Village. 2019-03-04T14:45:00+00:00 http://www.virginiabusiness.com/uploads2/Bernie_Niemeier_-_Headshots_%C2%A9_Caroline_Martin_Photography-7.png Photo by Caroline Martin http://www.virginiabusiness.com/opinion/article/no-quibbling-virginia-is-great-for-business No quibbling: Virginia is great for business http://www.virginiabusiness.com/opinion/article/no-quibbling-virginia-is-great-for-business http://www.virginiabusiness.com/opinion/article/no-quibbling-virginia-is-great-for-business#When:21:00:00Z No quibbling is a stipulation often formally or informally attached to military cadet honor codes at schools such as the Virginia Military Institute. In addition to the proviso that a cadet shall “Neither lie, cheat, steal, nor tolerate those who do,” no quibbling means that questions are to be answered directly and without the exclusion of facts that might artfully obfuscate the truth.  In ecclesiastical parlance, quibbling might well be deemed a “sin of omission.” Suffice it to say that there has been some quibbling going on in Virginia lately. As unsavory as February’s revelations about decades-old racist behaviors by Gov. Ralph Northam and Attorney General Mark Herring were, they should perhaps come as no great surprise to anyone taking the long view of history. It is not exactly breaking news that Virginia had a racist past.  Prior to emancipation, Virginia had more slaves than any other Southern state.  Richmond also was the capital of the Confederacy.  Even today, of nearly 1,500 Confederate memorials in the U.S., 242 are located in Virginia, more than any other state.  As recently as the 1950s Virginia’s politicians were architects of the Massive Resistance movement against school integration. Thinking back to growing up in Virginia and my own education in Richmond’s public schools, I was taught that the Civil War was fought over states’ rights, not slavery.  Looking back today, I question if that is a correct view of history.  In any event, the fact that old yearbook photos have surfaced, unsavory by today’s standards, comes as no surprise. We all have had a lot to learn. Changing the past is impossible. But in all fairness, similar history and problems exist elsewhere, and much has been learned.  Virginia’s new image as one of the most politically progressive states in the South is accurate.  But that doesn’t always keep the ghosts of the past from resurfacing.  There is still work to do. One thing about which there should be no quibbling is Virginia’s business environment.  The commonwealth is a great place to locate or expand a business.  The Amazon second headquarters  project is a prime example.  Unlike Queens in New York City, Virginia is delighted to have been awarded what was essentially the national grand prize for economic development in 2018.  Virginia’s politicians get it; 25,000 new high-paying jobs from Amazon will have a long-term positive impact on our economy. Bipartisan cooperation involving legislators, the executive branch, institutions of higher education as well as local, regional and statewide economic development agencies is what made Virginia’s win in the competition for HQ2 possible. When it comes to economic development, the commonwealth is known globally for an abundance of positive attributes.  Virginia has a business-friendly tax and legal environment.  It is a right-to-work state.  Northern Virginia is a well-established hotbed for high-tech.  The Port of Virginia is a leader in import/export logistics.  Virginia’s higher-education system uses its decentralized structure to create competitive advantages but also shows great cooperation on workforce development.  There is a strong entrepreneurial ecosystem.  Greenfield industrial expansion opportunities exist across the entire state. If you are looking for more on why Virginia is great for business, look no further.  This month’s issue of Virginia Business is our seventh-annual Big Book, a compendium of economic development data and business opportunities in every region of the state.  This issue also features our 2019 list of the 50 Most Influential Virginians, as well as nearly 50 other lists of major statewide players, companies and corporations in a variety of industries. Virginia Business always strives to be your source for business intelligence.  While history is rarely unblemished, one thing that there can be no quibbling about is that the business climate in Virginia is one of the most attractive in the world.  Our future remains bright.  Enjoy! 2019-03-01T21:00:00+00:00 http://www.virginiabusiness.com/news/article/tri-state-utilities-is-sold Tri-State Utilities is sold http://www.virginiabusiness.com/news/article/tri-state-utilities-is-sold http://www.virginiabusiness.com/news/article/tri-state-utilities-is-sold#When:20:31:00Z A Chesapeake-based company has been sold to Hoffman Southwest Corp., a construction company based in Mission Viejo, Calif. The sale was reported by Matrix Capital Markets Group Inc., a Richmond-based investment bank that served as Tri-State’s exclusive financial adviser. Financial details of the transaction were not disclosed. Founded in 1990 by Steve McSweeney, Tri-State is a regional provider of trenchless repair, rehabilitation, inspection and other maintenance services to the municipal utility market. McSweeney passed leadership of the company to his sons, Andy and Joe McSweeney, in 2007. Hoffman Southwest Corp., a portfolio company of Dallas-based ORIX Capital Partners LLC, provides underground pipe inspection, trenchless pipe repair, excavation and cleaning services for municipal and utility customers. The transaction was led by David Shoulders, Matrix’s managing director who also is head of its Consumer & Industrial Products Group, and William O’Flaherty, a vice president at the firm. Robbie Nickle, a Matrix associate, and John Mosser, an analyst, also advised on the transaction. Troutman Sanders served as legal counsel for Tri-State. 2019-03-01T20:31:00+00:00 http://www.virginiabusiness.com/news/article/peninsula-town-center-outparcel-is-sold Peninsula Town Center outparcel is sold http://www.virginiabusiness.com/news/article/peninsula-town-center-outparcel-is-sold http://www.virginiabusiness.com/news/article/peninsula-town-center-outparcel-is-sold#When:20:28:00Z A outparcel of Peninsula Town Center in Hampton has sold for $1.08 million. The commercial real estate firm Cushman & Wakefield | Thalhimer said Prayosha Hampton Retail LLC purchased the land at 2033 Coliseum Drive from Peninsula Main VA LLC. The buyer plans to develop the property into a 5,760-square-foot,  multitenant, retail building. Rob Wright of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser. Dean Martin, David Tunnicliffe and Connie Jordan Nielsen, also with Thalhimer, represented the seller. 2019-03-01T20:28:00+00:00 http://www.virginiabusiness.com/news/article/hampton-roads-outparcel-fetches-1.07-million Hampton Roads outparcel fetches $1.07 million http://www.virginiabusiness.com/news/article/hampton-roads-outparcel-fetches-1.07-million http://www.virginiabusiness.com/news/article/hampton-roads-outparcel-fetches-1.07-million#When:20:27:00Z One of Hampton’s biggest redevelopment projects is adding more retail space.  Prayosha Hampton Retail LLC bought for $1.075 million an outparcel at Peninsula Town Center at 2033 Coliseum Drive in Hampton, according to a city property record. The seller in the deal was an affiliate of the Dallas-based Tabani Group, which bought Peninsula Town Center in 2014 for $48.5 million. Plans call for the land to be developed into a 5,760-square-foot multi-tenant retail building, according to Cushman & Wakefield | Thalhimer. Prayosha Hampton Retail LLC lists Shreyansh Trivedi as its registered agent and its principal office as a residential home in Virginia Beach. Peninsula Town Center is one of the largest redevelopment projects in Hampton’s history. Last year, a Floor and Décor store and a Sky Zone Trampoline Park opened in a new 97,000-square-foot building. Planned for the mixed-use development is a three-story, 120-room Element Hotel. The state planned to invest more than $17 million to help with the hotel project. Rob Wright of Thalhimer represented the buyer in the deal. Thalhimer’s Dean Martin, David Tunnicliffe and Connie Jordan Nielsen represented the seller. 2019-03-01T20:27:00+00:00 http://www.virginiabusiness.com/news/article/top-localities-for-airbnb-host-income-in-20181 Top localities for Airbnb host income in 2018(1) http://www.virginiabusiness.com/news/article/top-localities-for-airbnb-host-income-in-20181 http://www.virginiabusiness.com/news/article/top-localities-for-airbnb-host-income-in-20181#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Locality Guest arrivals Host income Arlington County 56,700 $10,800,000 Charlottesville 67,800 9,300,000 Virginia Beach 56,000 9,300,000 Richmond 67,900 7,800,000 Alexandria 37,500 6,800,000 Fairfax County 31,400 6,600,000 Norfolk 31,000 4,500,000 Loudoun County 20,600 3,100,000 Waynesboro 22,500 2,600,000 Williamsburg 23,700 2,600,000 Lynchburg 25,300 2,200,000 Montgomery County 17,800 2,200,000 Page County 16,000 2,200,000 Roanoke 17,200 2,000,000 Falls Church 8,200 1,600,000 Harrisonburg 16,000 1,400,000 Fairfax 6,400 1,200,000 Prince William County 9,500 1,200,000 Rockingham County 11,800 1,200,000 Greene County 8,500 1,100,000 Shenandoah County 11,300 1,100,000 Warren County 8,700 1,100,000 Accomack County 7,700 1,000,000 Hampton 6,900 932,700 Staunton 9,300 875,100 Lexington 5,800 815,900 Albemarle County 5,100 693,400 Chesapeake 5,300 655,400 Fredericksburg 4,800 623,600 Washington County 7,000 618,900 Northampton County 3,800 574,200 Winchester 5,100 559,000 Henrico County 5,100 558,700 Culpeper County 4,800 551,700 Fauquier County 3,400 551,500 Orange County 5,000 549,900 Nelson County 4,100 512,500 Lancaster County 3,300 502,600 Manassas 3,200 469,800 Stafford County 4,000 469,700 Portsmouth 3,200 450,400 Newport News 3,700 437,000 Smyth County 3,400 419,200 Rappahannock County 2,700 397,200 Westmoreland County 2,400 381,500 Gloucester County 2,600 374,800 Louisa County 2,900 350,600 Madison County 3,100 314,900 Bedford County 3,500 314,000 Floyd County 3,100 286,100 Franklin County 1,800 269,800 Hanover County 2,200 241,000 Middlesex County 2,000 236,800 Amherst County 2,000 232,900 Bath County 1,400 213,800 Mecklenburg County 1,300 205,700 Danville 1,300 184,100 Clarke County 1,100 181,200 Petersburg 1,200 177,700 Botetourt County 1,800 158,800 Galax 1,600 153,400 Augusta County 2,200 153,100 Carroll County 1,600 153,000 Chesterfield County 1,000 141,700 Radford 1,500 141,100 Pulaski County 1,200 131,200 Mathews County 980 125,900 Buena Vista 1,500 124,100 Campbell County 1,600 124,000 Prince Edward County 1,100 107,500 Suffolk 650 105,300 York County 570 102,900 Giles County 880 98,800 Martinsville 760 93,600 Alleghany County 840 90,200 Buckingham County 600 90,100 Essex County 650 73,500 Charles City County 240 72,900 Northumberland County 400 72,500 Grayson County 790 71,000 Salem 950 69,800 Fluvanna County 640 67,800 Hopewell 260 66,400 Henry County 370 65,100 Appomattox County 740 63,900 Surry County 730 56,300 King William County 480 56,200 Colonial Heights 760 51,900 Wythe County 570 50,900 Patrick County 460 47,300 Halifax County 290 46,600 Highland County 440 45,800 Isle of Wight County 420 44,500 Covington 350 40,400 New Kent County 310 38,400 Tazewell County 420 32,100 Nottoway County 230 30,800 Brunswick County 180 29,500 Scott County 260 26,700 Craig County 320 26,600 Emporia 280 26,300 Pittsylvania County 230 24,000 Lee County 190 21,300 Amelia County 310 21,100 Poquoson 200 17,500 Franklin 110 14,700 Charlotte County 160 12,500 Manassas Park 100 9,900 Southampton County 150 7,800 Rockbridge County 180 6,700 Dinwiddie County 110 5,600 Source: Airbnb   1 Airbnb did not provide data for the counties of Bland, Buchanan, Caroline, Cumberland, Dickenson, Goochland, Greensville, James City, King and Queen, Lunenburg, Powhatan, Prince George, Russell, Spotsylvania, Sussex, Wise   2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/virginias-commercial-airports-2019 Virginia’s commercial airports http://www.virginiabusiness.com/news/article/virginias-commercial-airports-2019 http://www.virginiabusiness.com/news/article/virginias-commercial-airports-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Airport Location Website Phone 2016 emplanements 2017 enplanements % change Ronald Reagan Washington National Arlington County flyreagan.com/dca/reagan-national-airport (703) 417-8000 11,470,854 11,506,310 0.31% Washington Dulles International Airport Dulles flydulles.com/iad/dulles-international-airport (703) 572-2700 10,596,942 11,024,306 4.03 Richmond International Airport Henrico County flyrichmond.com (804) 226-3000 1,777,648 1,822,486 2.52 Norfolk International Airport Norfolk norfolkairport.com (757) 857-3351 1,602,631 1,694,329 5.72 Charlottesville-Albemarle Airport Charlottesville gocho.com (434) 973-8342 295,930 334,347 12.98 Roanoke-Blacksburg Regional Airport Roanoke flyroa.com (540) 362-1999 305,212 309,341 1.35 Newport News/Williamsburg International Airport Newport News flyphf.com (757) 877-0221 199,421 197,994 -0.72 Lynchburg Regional Airport Lynchburg lynchburgva.gov/airport (434) 455-6090 75,465 82,489 9.31 Shenandoah Valley Regional Airport Weyers Cave flyshd.com (540) 234-8304 5,442 6,605 21.37 Source: Federal Aviation Administration   2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/top-10-independent-craft-breweries-by-barrels-of-beer-produced-annually-19 Top 10 independent craft breweries by barrels of beer produced annually http://www.virginiabusiness.com/news/article/top-10-independent-craft-breweries-by-barrels-of-beer-produced-annually-19 http://www.virginiabusiness.com/news/article/top-10-independent-craft-breweries-by-barrels-of-beer-produced-annually-19#When:09:00:00Z Starr Hill Brewery Crozet 25,020 Port City Brewing Alexandria 16,000 Hardywood Park Craft Brewery Richmond 14,692 Blue Mountain Brewery Afton 13,658 Three Notch’d Brewing Co. Charlottesville 12,000 O’Connor Brewing Co. Norfolk 11,949 Heritage Brewing1 Manassas 9,500 Beltway Brewing Co. Sterling 6,900 Legend Brewing Co. Richmond 6,900 Parkway Brewing Salem 6,373 1 Estimate Note: Not all breweries reported or publicly disclosed numbers. Does not include breweries with facilities in multiple states. Source: Brewers Association, 2017 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/virginias-distilleries-2019 Virginia’s distilleries http://www.virginiabusiness.com/news/article/virginias-distilleries-2019 http://www.virginiabusiness.com/news/article/virginias-distilleries-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Distillery Location Phone Website 8 Shires Coloniale Distillery Williamsburg (757) 378-2456 8shires.com A. Smith Bowman Distillery Fredericksburg (540) 373-4555 asmithbowman.com Belle Isle Moonshine Richmond DNP belleislecraftspirits.com Belmont Farm Distillery Culpeper (540) 825-3207 belmontfarmdistillery.com Blue Sky Distillery Smithfield (757) 746-8342 blueskydistillery.com Bondurant Brothers Distillery Chase City (434) 738-7372 bondurantbrothersdistillery.com Catoctin Creek Distillery Purcellville (540) 751-8404 catoctincreekdistilling.com Chesapeake Bay Distillery Virginia Beach (757) 498-4210 chesapeakebaydistillery.com Cirrus Vodka Richmond (844) 724-7787 cirrusvodka.com Copper & Oak Craft Spirits Portsmouth (757) 966-2563 copperandoakcs.com Copper Fox Distillery Sperryville and Williamsburg (540) 987-8554 copperfoxdistillery.com Davis Valley Distillery Rural Retreat (276) 686-8855 davisvalleydistillery.com Devils Backbone Distilling Co. Roseland (434) 361-1001 dbbrewingcompany.com Dida's Distillery Huntly (540) 551-8141 didasdistillery.com Dome and Spear Distillery Evington DNP domeandspear.com Dry Fork Fruit Distillery Danville (276) 952-1222 dryforkdistillery.com Falls Church Distillers Falls Church (703) 858-9186 fcdistillers.com Filibuster Distillery Maurertown (202) 289-1414 filibusterbourbon.com Five Mile Mountain Distillery Floyd (540) 745-4495 5milemountain.com Franklin County Distilleries Boones Mill (540) 334-1610 franklincountydistilleries.com George Washington's Distillery and Gristmill Alexandria (703) 780-2000 mountvernon.org Ironclad Distillery Co. Newport News DNP ironcladdistillery.com James River Distillery Richmond (804) 716-5172 jrdistillery.com KO Distilling Manassas (571) 292-1115 kodistilling.com Mt. Defiance Distillery Middleburg (540) 687-8100 mtdefiance.com MurLarkey Distilled Spirits LLC Bristow (571) 284-7961 murlarkey.com R.D. Wilhelm Distillery1 Norfolk (757) 233-9168 facebook.com/rdwilhelmdistillery Ragged Branch Charlottesville (434) 244-2600 raggedbranch.com Reservoir Distillery Richmond (804) 912-2621 reservoirdistillery.com River Hill Distillery Luray (540) 843-0890 riverhilldistillery.com Silverback Distillery Afton (540) 456-7070 sbdistillery.com Spirit Lab Distilling Charlottesville (434) 218-2605 spiritlabdistilling.com Springfield Distillery Halifax (434) 575-9317 springfielddistillery.com Stone Mountain Distilling Lebanon (276) 880-0168 facebook.com/pg/stonemountaindistilling Tarnished Truth Distilling Co. Virginia Beach (757) 965-9652 tarnishedtruth.com Three Brothers' Distillery Disputanta (757) 204-1357 threebrotherswhiskey.com Three Crosses Distilling Co. Powhatan (804) 818-6330 threecrossesdistilling.com Twin Creeks Distillery2 Rocky Mount (540) 352-2918 twincreeksdistillery.com The Vanguard Brewpub & Distillery Hampton (757) 224-1216 thevanguard757.com Virago Spirits Richmond (804) 355-8746 viragospirits.com Virginia Distillery Co. Lovingston (434) 285-2900 vadistillery.com Vitae Spirits Charlottesville (434) 270-0317 vitaespirits.com 1 R.D. Wilhelm Distillery expects to open this summer.  2 Twin Creeks Distillery has moved within Franklin County. Its new tasting room in Rocky Mount is expected to open March 15. Note: A sampling of distilleries operating in the state as of Feb. 9, 2018            DNP: Does not publish Source: Virginia Tourism Corp., Virginia Distillers Association, distilleries’ websites 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/conference-hotels-2019 Conference hotels http://www.virginiabusiness.com/news/article/conference-hotels-2019 http://www.virginiabusiness.com/news/article/conference-hotels-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Hotel Location Phone Website Meeting rooms Banquet capacity Guest rooms Meeting space1 1 The National Conference Center Leesburg (703) 729-8000 conferencecenter.com 250 1,150 917 265,000 2 The Omni Homestead Hot Springs (540) 839-7753 omnihotels.com/thehomestead 28 1,000 483 72,000 3 Norfolk Waterside Marriott Norfolk (757) 627-4200 marriott.com/orfws 26 1,400 405 68,879 4 The Hotel Roanoke & Conference Center, Curio Collection by Hilton Roanoke (540) 985-5900 hotelroanoke.com 35 1,100 330 63,000 5 Hilton Norfolk The Main Norfolk (757) 763-6200 themainnorfolk.com 39 1,200 300 60,000 6 Westfields Marriott Washington Dulles Chantilly (703) 818-0300 westfieldsmarriott.com 21 600 336 59,538 7 Hilton Alexandria Mark Center Alexandria (703) 845-1010 alexandria.hilton.com 37 960 496 55,000 tie Lansdowne Resort Leesburg (703) 729-8400 lansdowneresort.com 37 600 296 55,000 9 Hyatt Regency Crystal City at Reagan National Airport Arlington (703) 418-1234 hyatt.com 27 1,060 686 53,000 10 DoubleTree by Hilton Hotel Williamsburg Williamsburg (757) 220-2500 williamsburg.doubletree.com 34 1,000 295 48,000 11 Sheraton Norfolk Waterside Hotel Norfolk (757) 622-6664 sheraton.com/norfolk 17 1,000 466 46,000 12 Williamsburg Lodge, Autograph Collection Williamsburg (800) 822-9127 colonialwilliamsburghotels.com 28 1,000 323 45,000 13 Sheraton Tysons Hotel Tysons (703) 448-1234 sheratontysonscorner.com 22 1,240 449 44,562 14 Crystal Gateway Marriott Arlington (703) 920-3230 crystalgatewaymarriott.com 31 1,300 701 39,983 15 Doubletree by Hilton Hotel Washington D.C. - Crystal City Arlington (703) 416-4100 doubletreecrystalcity.com 25 600 627 34,000 16 Hyatt Regency Reston Reston (703) 709-1234 reston.hyatt.com 23 950 518 32,000 17 The Ritz-Carlton, Tysons Corner Tysons (703) 506-4300 ritzcarlton.com/tysons 15 1,050 398 30,000 18 Virginia Crossings Hotel and Conference Center, Tapestry Collection by Hilton Glen Allen (804) 727-1400 tapestrycollection3.hilton.com/tc/virginia-crossings-hotel 28 300 183 28,000 19 Hilton McLean Tysons Corner McLean (703) 847-5000 hiltonmclean.com 22 920 458 27,000 tie Wintergreen Resort2 Wintergreen (434) 325-2200 wintergreenresort.com 18 500 200 27,000 21 Richmond Marriott Richmond (804) 643-3400 richmondmarriott.com 6 1,120 410 26,000 tie Doubletree by Hilton Richmond - Midlothian Richmond (804) 379-3800 richmondmidlothian.doubletree.com 20 450 237 26,000 tie Fort Magruder Hotel - a trademark collection by Wyndham Williamsburg (757) 220-2250 fortmagruderhotel.com 18 500 303 26,000 tie The Jefferson Richmond (804) 649-4750 jeffersonhotel.com 20 420 181 26,000 25 The Founders Inn & Spa Virginia Beach (757) 424-5511 foundersinn.com 20 1,000 240 25,000 26 The Inn at Virginia Tech and Skelton Conference Center Blacksburg (877) 200-3360 innatvirginiatech.com 11 500 147 23,705 27 Sheraton Reston Hotel Reston (703) 620-9000 sheraton.com/reston 15 400 298 22,306 28 Boar's Head Resort Charlottesville (434) 296-2181 boarsheadresort.com 20 450 175 22,000 tie Hilton Richmond Hotel & Spa/Short Pump Richmond (804) 364-3600 hiltonrichmond.com 8 795 254 22,000 tie Holiday Inn Virginia Beach Norfolk Hotel & Conference Center Virginia Beach (757) 499-4400 hivabeachnorfolk.com 17 400 307 22,000 31 Renaissance Portsmouth-Norfolk Waterfront Hotel Portsmouth (757) 673-3000 marriott.com/orfpt 22 420 249 21,500 32 Hotel Madison & Shenandoah Valley Conference Center Harrisonburg (540) 564-0200 hotelmadison.com 11 520 230 21,000 33 Newport News Marriott at City Center Newport News (757) 873-9299 mariott.com/phfoy 5 880 256 20,659 34 Sheraton Pentagon City Hotel Arlington (703) 521-1900 sheratonpentagoncity.com 6 650 416 20,599 1 In square feet        2 Two hundred units, a mixture of condos and homes                      Source: Individual hotels 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/uploads2/GlassLightHotel-1512VaBus.png The 117-room Glass Light Hotel is scheduled to open this August in Norfolk. Photo by Mark Rhodes http://www.virginiabusiness.com/regions/article/new-beverages-to-drink-and-places-to-visit New beverages to drink and places to visit http://www.virginiabusiness.com/regions/article/new-beverages-to-drink-and-places-to-visit http://www.virginiabusiness.com/regions/article/new-beverages-to-drink-and-places-to-visit#When:09:00:00Z There’s no place like home — at least for many of Virginia’s craft breweries. Several of Virginia’s homegrown breweries have recently expanded in the commonwealth. Nearly two years after opening a pilot brewery and music stage in Roanoke, Crozet-based Starr Hill is adding a Richmond location this summer. Richmond-based Hardywood Park Craft Brewery meanwhile has added facilities in Charlottesville and Goochland County during the past two years. “Our focus has always been to be a distributing brewery, to be a strong regional player,” Patrick Murtaugh, Hardywood’s co-founder and brewmaster, told Virginia Business last summer. “We want to really focus on our home markets.” The commonwealth is now home to more than 200 craft breweries, including Starr Hill and Hardywood, which are among the largest homegrown breweries in the state. Virginia also has nearly 300 wineries, 70 distilleries and 20 cideries. Some beverage makers are diversifying their products. Last year, Devils Backbone Brewing Co. added a distillery at its expansive Nelson County campus. Also during 2018, The Vanguard Brewpub and Distillery opened in Hampton. Virginians and tourists not only have new beverages to imbibe but also new places to stay. Many new hotel properties are open or under construction. The Glass Light Hotel, a Marriott Autograph Collection property, will open in Norfolk in August. The 117-room boutique hotel includes a glass-art gallery and a 70-seat restaurant. Another Marriott-branded boutique property, Moxy, is expected to open in downtown Richmond in 2020. The 87-room hotel will cater to millennial travelers. The Virginian Lynchburg is one of several properties that opened last year. The 115-room hotel first opened in 1913.  The 65-room Bristol Hotel also made its debut in Bristol. The hotel is located in the former Executive Plaza site, which was built as a hotel in 1925 and later served as an office building. The Hotel Madison in Harrisonburg and The Blackburn Inn in Staunton are two new properties in the Shenandoah Valley. The latter previously was a hospital for the mentally ill that’s been transformed into a 49-room boutique hotel. Many of the state’s new hotel properties offer space for corporate meetings and events. The commonwealth’s largest conference hotels are highighted on page 147. This section also includes a list of the biggest Virginia-based craft breweries as well as distilleries, commercial airports and localities that received the most income from the Airbnb rental platform in 2018. Tourism charts: Conference hotels Virginia’s distilleries Top 10 craft breweries by barrels of beer produced annually Virginia’s commercial airports Top localities for Airbnb host income in 2018 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/chambers-of-commerce-2019 Chambers of Commerce http://www.virginiabusiness.com/news/article/chambers-of-commerce-2019 http://www.virginiabusiness.com/news/article/chambers-of-commerce-2019#When:09:00:00Z Virginia State Chamber of Commerce Richmond 804.644.1607 vachamber.com CENTRAL VIRGINIA Altavista Area Chamber of Commerce Altavista 434.369.6665 altavistachamber.org Amherst County Chamber of Commerce Amherst 434.946.0990 amherstvachamber.com Appomattox County Chamber of Commerce Appomattox 434.352.2621 appomattoxchamber.org Bedford Area Chamber of Commerce Bedford 540.586.9401 bedfordareachamber.com Buckingham County Chamber of Commerce Dillwyn 434.983.2372 buckinghamchamberofcommerce.com Caroline County Chamber of Commerce Bowling Green 804.448.5264 carolinecountychamber.com ChamberRVA Richmond 804.648.1234 chamberrva.com Charlottesville Regional Chamber of Commerce Charlottesville 434.295.3141 cvillechamber.com Chesterfield Chamber of Commerce  Chesterfield 804.748.6364 chesterfieldchamber.com Colonial Heights Chamber of Commerce Colonial Heights 804.526.5872 colonialheightschamber.com Crewe-Burkeville Chamber of Commerce Crewe 434.480.4558 creweburkevillechamber.com Fluvanna County Chamber of Commerce Palmyra 434.589.3262 fluvannachamber.org Goochland County Chamber of Commerce Goochland 804.556.3811 goochlandchamber.org Greater Scottsville Chamber of Commerce Scottsville 434.260.7188 svillechamber.org Greene County Chamber of Commerce Ruckersville 434.906.4859 greenecoc.org Hanover Chamber of Commerce  Mechanicsville 804.442.2093 hanoverchamberva.com Hopewell Prince George Chamber of Commerce Hopewell 804.541.2461 hpgchamber.org Louisa Chamber of Commerce Louisa 540.967.0944 louisachamber.org Lynchburg Regional Business Alliance Lynchburg 434.845.5966 lynchburgregion.org Madison County Chamber of Commerce Madison 540.948.4455 madison-va.com Nelson County Chamber of Commerce Lovingston 434.263.5971 nelsonchamber.org New Kent Chamber of Commerce New Kent 804.966.8581 newkentchamber.org Orange County Chamber of Commerce Orange 540.672.5216 orangevachamber.com Petersburg Chamber of Commerce Petersburg 804.733.8131 petersburgchamber.com Powhatan Chamber of Commerce Powhatan 804.598.2636 powhatanchamber.org EASTERN VIRGINIA Chincoteague Chamber of Commerce Chincoteague Island 757.336.6161 chincoteaguechamber.com Colonial Beach Chamber of Commerce Colonial Beach 804.224.8145 colonialbeach.org Eastern Shore of Virginia Chamber of Commerce Melfa 757.787.2460 esvachamber.org Franklin-Southampton Area Chamber of Commerce Franklin 757.562.4900 fsachamber.com Gloucester County Chamber of Commerce Hayes 804.693.2425 gloucestervachamber.org Greater Williamsburg Chamber & Tourism Alliance Williamsburg 757.229.6511 williamsburgcc.com Hampton Roads Chamber Norfolk 757.622.2312 hamptonroadschamber.com Isle of Wight Chamber of Commerce Smithfield 757.357.3502 theisle.biz King George Chamber of Commerce King George 540.358.1542 kinggeorgechamber.com Lancaster by the Bay Chamber (Irvington, Kilmarnock, Lively, White Stone) Kilmarnock 804.435.6092 lancasterva.com Northampton County Chamber of Commerce Eastville 757.678.0010 northamptoncountychamber.com Surry County Chamber of Commerce Surry 757.876.6319 surrychamber.org Tappahannock-Essex County Chamber of Commerce Tappahannock 804.443.5241 tecoc.com Virginia Peninsula Chamber of Commerce Hampton 757.262.2000 virginiapeninsulachamber.com Warsaw/Richmond County Chamber of Commerce Warsaw 804.313.2252 wrccoc.com West Point/Tri-Rivers Chamber of Commerce West Point 804.843.4620 westpointvachamber.com York County Chamber of Commerce Yorktown 757.877.5920 yorkcountychamberva.org NORTHERN VIRGINIA Alexandria Chamber of Commerce Alexandria 703.549.1000 alexchamber.com Annandale Chamber of Commerce Annandale 703.256.7232 annandalechamber.com Arlington Chamber of Commerce Arlington 703.525.2400 arlingtonchamber.org Central Fairfax Chamber of Commerce Fairfax 703.591.2450 cfcc.org Culpeper Chamber of Commerce Culpeper 540.825.8628 culpeperchamber.com Dulles Regional Chamber of Commerce Chantilly, Herndon 571.323.5300 dullesregionalchamber.org Falls Church Chamber of Commerce Falls Church 703.532.1050 fallschurchchamber.org Fauquier Chamber of Commerce Warrenton 540.347.4414 fauquierchamber.org Fredericksburg Regional Chamber of Commerce Fredericksburg 540.373.9400 fredericksburgchamber.org Greater McLean Chamber of Commerce McLean 703.356.5424   mcleanchamber.org Greater Reston Chamber of Commerce Reston 703.707.9045 restonchamber.org Greater Springfield Chamber of Commerce Springfield 703.866.3500 springfieldchamber.org Loudoun County Chamber of Commerce Leesburg 703.777.2176 loudounchamber.org Mount Vernon Lee Chamber of Commerce Alexandria 703.360.6925 mtvernon-leechamber.org Northern Virginia Chamber of Commerce Tysons 703.749.0400 novachamber.org Prince William Chamber of Commerce Manassas, Woodbridge 703.368.6600 pwchamber.org South Fairfax Chamber of Commerce Lorton 703.550.0005 southfairfaxchamber.org Tysons Regional Chamber of Commerce Tysons 703.281.1333 tysonschamber.org SHENANDOAH VALLEY County of Bath Chamber of Commerce Hot Springs 540.839.5409 countyofbathchamber.org Chamber of Commerce, serving Lexington, Buena Vista & Rockbridge County Lexington 540.463.5375 lexrockchamber.com Front Royal-Warren County Chamber of Commerce Front Royal 540.635.3185 frontroyalchamber.com Greater Augusta Regional Chamber of Commerce Fishersville 540.324.1133 augustava.com Harrisonburg-Rockingham Chamber of Commerce Harrisonburg 540.434.3862 hrchamber.org Highland County Chamber of Commerce Monterey 540.468.2550 highlandcounty.org Luray-Page County Chamber of Commerce Luray 540.743.3915 visitluraypage.com/chamber New Market Area Chamber of Commerce New Market 540.740.3432 newmarketvirginia.com/businesses/chamber-of-commerce Shenandoah County Chamber of Commerce Woodstock 540.459.2542 shenandoahcountychamber.com Strasburg Chamber of Commerce Strasburg 540.465.1764 strasburgvachamber.com Top of Virginia Regional Chamber Winchester 540.662.4118 regionalchamber.biz SOUTHERN VIRGINIA Blackstone Chamber of Commerce Blackstone 434.292.1677 blackstoneva.com Brunswick Chamber of Commerce Lawrenceville 434.848.3154 brunswickchamber.com Chase City Chamber of Commerce Chase City 434.372.0379 chasecitychamberofcomm.com Clarksville Lake Country Chamber of Commerce Clarksville 434.374.2436 clarksvilleva.com Danville Pittsylvania County Chamber of Commerce Blairs 434.836.6990 dpchamber.org Emporia-Greensville Chamber of Commerce Emporia 434.634.9441 emporiagreensvillechamber.com Halifax County Chamber of Commerce South Boston 434.572.3085 halifaxchamber.net Lunenburg County Chamber of Commerce Victoria 434.696.3626 lunenburgchamber.org Martinsville Henry County Chamber of Commerce Martinsville 276.632.6401 martinsville.com South Hill Chamber of Commerce South Hill 434.447.4547 southhillchamber.com SOUTHWEST VIRGINIA Alleghany Highlands Chamber of Commerce & Tourism Covington 540.962.2178 ahchamber.com Botetourt County Chamber of Commerce Fincastle 540.473.8280 botetourtchamber.com Bristol Chamber of Commerce (serving Bristol, Va. and Tenn.) Bristol, Tenn. 423.989.4850 bristolchamber.com Buchanan County Chamber of Commerce Grundy 276.935.4147 Dickenson County Chamber of Commerce Clintwood 276.926.6074 dickensonchamber.net Floyd County Chamber of Commerce Floyd 540.745.4407 floydchamber.org Giles County Chamber of Commerce Pearisburg 540.921.5000 gileschamber.net Greater Bluefield Chamber of Commerce (serves Bluefield and Tazewell County in Virginia) Bluefield, W. Va. 304.327.7184 bluefieldchamber.com Montgomery County Chamber of Commerce Christiansburg 540.382.3020 montgomerycc.org Patrick County Chamber of Commerce Stuart 276.694.6012 patrickchamber.com Pulaski County Chamber of Commerce Dublin 540.674.1991 pulaskichamber.info Radford Chamber of Commerce Radford 540.639.2202 radfordchamber.com Richlands Area Chamber of Commerce Richlands 276.963.3385 Roanoke Regional Chamber of Commerce Roanoke 540.983.0700 roanokechamber.org Russell County Chamber of Commerce Lebanon 276.889.8041 russellcountyva.org Salem-Roanoke County Chamber of Commerce Salem 540.387.0267 s-rcchamber.org Scott County Chamber of Commerce Gate City 276.386.6665 scottcountyva.org/chamber.html Smyth County Chamber of Commerce Marion 276.783.3161 smythchamber.org Smith Mountain Lake Regional Chamber of Commerce Moneta 540.721.1203 visitsmithmountainlake.com Tazewell Area Chamber of Commerce Tazewell 276.988.5091 tazewellchamber.com Twin County Regional Chamber of Commerce Galax 276.236.2184 twincountychamber.com Vinton Area Chamber of Commerce Vinton 540.343.1364 vintonchamber.com Washington County, Virginia Chamber of Commerce Abingdon 276.628.8141 washingtonvachamber.org Wise County Chamber of Commerce Norton 276.679.0961 wisecountychamber.org Wytheville-Wythe-Bland Chamber of Commerce Wytheville 276.223.3365 wwbchamber.com 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/largest-lobbying-expenses-for-2017-2018 Largest lobbying expenses for 2017-2018(1) http://www.virginiabusiness.com/news/article/largest-lobbying-expenses-for-2017-2018 http://www.virginiabusiness.com/news/article/largest-lobbying-expenses-for-2017-2018#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Company/association Total lobbyist expenses2 1 Dominion Energy $1,114,433 2 Americans for Prosperity 573,603 3 Virginia Chamber of Commerce 537,815 4 Virginia Hospital & Healthcare Association 311,497 5 Virginia Municipal League 283,565 6 Northern Virginia Technology Council 270,024 7 Inova Health System 222,965 8 Altria Client Services LLC and its affiliates 187,333 9 Virginia Committee for Fair Utility Rates 155,148 10 Arlington County 152,474 11 Old Dominion Committee for Fair Utility Rates 146,107 12 Riverside Health System 129,816 13 Virginia Automobile Dealers Association 115,219 14 Fairfax County Board of Supervisors 114,207 15 Omega Protein Corp. 109,948 16 Transurban (USA) Inc. 107,218 17 Home Builders Association of Virginia 106,845 18 Sentara Healthcare 102,258 19 Property Casualty Insurers Association of America 100,579 20 City of Virginia Beach 96,600 21 The Medical Society of Virginia 95,972 22 The Pew Charitable Trusts 93,266 23 City of Newport News 93,084 24 Anthem Inc. and its affiliates 92,050 25 Appalachian Power Company 91,053 26 Métis Holdings Inc. $90,904 27 Virginia School Boards Association 90,741 28 National Rifle Association of America 86,656 29 U.S. Chamber of Commerce 80,923 30 Virginia Credit Union League 80,526 31 AT&T 80,250 32 Virginia Optometric Association (VOA) 78,735 33 Tesla Motors 74,467 34 Council of Independent Colleges in Virginia Inc. 74,279 35 Virginia Bankers Association 73,798 36 Virginia Farm Bureau Federation 71,317 37 Norfolk Southern Corp. 68,740 38 Virginia Association of Health Plans 68,354 39 Virginia Catholic Conference LLC 66,522 40 Home Building Association of Richmond 66,500 41 Revolutionary Racing 65,850 42 Verizon Communications Inc. 65,807 43 Fairfax County School Board 63,095 44 Legal Aid Justice Center 62,125 45 Planned Parenthood Advocates of Virginia 61,133 46 Virginia Premier Health Plan 60,000 47 State Farm Mutual Automobile Insurance Company 59,625 48 Washington Gas 58,056 49 Chesapeake Regional Healthcare 57,943 50 Virginia Coal and Energy Alliance 55,000 1 In Virginia, lobbying years run from May 1 to April 30.                    2 Represents compensation paid to lobbyists and lobbyist expenditures. Source: Virginia Conflict of Interest and Ethics Advisory Council 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/law-firms-2019 Law firms http://www.virginiabusiness.com/news/article/law-firms-2019 http://www.virginiabusiness.com/news/article/law-firms-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Firm Largest Va. Office Website Top Va. Executive Lawyers in Va.1 1 McGuireWoods Richmond mcguirewoods.com Jonathan Harmon 302 2 Hunton Andrews Kurth LLP Richmond huntonak.com Douglas S. Granger; Robert M. Tata 200 3 Williams Mullen Richmond williamsmullen.com Woody Fowler; Craig Rascoe; Farhad Aghdami; David Burton 184 4 Troutman Sanders LLP Richmond troutman.com Brooks M. Smith 153 5 LeClairRyan PLLC Richmond leclairryan.com C. Erik Gustafson 94 1 As of Jan. 1, 2019                         Source: Individual firms Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/accounting-firms-2019 Accounting firms http://www.virginiabusiness.com/news/article/accounting-firms-2019 http://www.virginiabusiness.com/news/article/accounting-firms-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Company Main Va. Location Phone Website Top Va. executive CPAs in Va.1 1 Ernst & Young LLP McLean and Richmond (703) 747-1000 ey.com Kevin Virostek; Chip Phillips 682 2 Deloitte LLP and its subsidiaries McLean (703) 251-1000 deloitte.com Tamika Tremaglio 665 3 KPMG LLP McLean (703) 286-8000 kpmg.com/us Jerry Carlson 615 4 PwC McLean (703) 918-3000 pwc.com Terri McClements 503 5 BDO USA LLP McLean, Norfolk, Richmond (804) 330-3092 bdo.com Mark Ellenbogen; Jay Payne; Edward J. Amorosso; Byron Berry; Karen Ann Blackstone 202 1 As of Jan. 1, 2019                       Source: Individual firms Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/donations-by-individuals-and-family-foundations-2019 Donations by individuals and family foundations http://www.virginiabusiness.com/news/article/donations-by-individuals-and-family-foundations-2019 http://www.virginiabusiness.com/news/article/donations-by-individuals-and-family-foundations-2019#When:09:00:00Z A sample of gifts and pledges of $1.1 million or more made or announced to Virginia nonprofits in 2017. table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Donor Location Donation recipient Donation amount Joan Brock and the late Macon F. Brock Jr. Virginia Beach Randolph-Macon College $20,286,559 Hunter Jones Smith Charlottesville College of William & Mary 15,000,000 The Late Dorothy Arthur Wytheville College of William & Mary 5,200,000 Jane Batten/The Batten Foundation1 Norfolk University of Virginia 5,000,000 Bill and Joanne Conway McLean University of Virginia 5,000,000 C. Kenneth Wright Richmond Virginia Commonwealth University 5,000,000 The Late Ethelyne Fulcher Daniel Danville Ferrum College 3,400,000 The Late Jenny Wible Williamsburg Williamsburg Community Foundation 3,000,000 Robert W. Mitchell III Vienna Old Dominion University 2,900,000 Peterson Family Foundation Fairfax George Mason University 2,525,000 Glen and Teresa Thomas Forest Liberty University 2,058,557 Stephen M. Cumbie and Druscilla French McLean George Mason University 2,000,000 Dr. George C. Maihafer Norfolk Old Dominion University 1,725,592 Jimmy and Rhonda Thomas Lynchburg Liberty University 1,424,375 David and Michelle Baldacci Vienna Virginia Commonwealth University 1,100,000 1 $5 million-$10 million                             Sources: Websites, news releases/reports, Virginia Business survey     2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/donations-by-companies-and-corporate-foundations-2019 Donations by companies and corporate foundations http://www.virginiabusiness.com/news/article/donations-by-companies-and-corporate-foundations-2019 http://www.virginiabusiness.com/news/article/donations-by-companies-and-corporate-foundations-2019#When:09:00:00Z A sample of donations of at least $95,000 made to Virginia nonprofits in 2017. table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Donor Location Donation recipient Donation amount Altria Group Inc. Richmond Richmond Public Schools Real Estate Foundation $4,300,000 Kalliope Inc. Virginia Beach Old Dominion University 2,600,000 Farmville 400 LLC Lynchburg Liberty University 2,437,100 Branchester Development LLC Midlothian Liberty University 1,950,000 Cook Management Co. LLC Lynchburg Liberty University 1,405,200 Smithfield Foods1 Smithfield Isle of Wight County Schools 1,000,000 Ernst & Young LLP New York The College of William & Mary - Raymond A. Mason School of Business 1,000,000 Pepsi-Cola Bottling Newport News Old Dominion University 980,000 Dominion Energy Charitable Foundation Richmond 2019 Commemoration Inc. 800,000 Sentara Healthcare2 Norfolk Friends of the Elizabeth River Trail Foundation 500,000 VCU Medical Center's MCV Hospital Auxiliary of VCUHS3 Richmond Virginia Commonwealth University 500,000 ERPi Fairfax George Mason University 440,000 Ferguson Enterprises Newport News Christopher Newport University 400,000 Dynamic Aviation Group Bridgewater Liberty University 341,900 Kearney & Co. PC Alexandria George Mason University 300,000 PenFed Foundation McLean Serving Our Willing Warriors 300,000 Norfolk Southern Corp. Norfolk United Way of South Hampton Roads 294,900 Branchester Center II LLC Midlothian Liberty University 290,000 TowneBank Suffolk Eastern Virginia Medical School Foundation 225,000 Walmart Bentonville, Ark. Blue Ridge Area Food Bank 131,165 Byrd Enterprises Unlimited Lynchburg Liberty University 130,260 PRA Group Norfolk United Way 125,250 Grant Thornton LLP Alexandria Virginia Tech 107,500 Lara's League Inc.4 Ashburn Inova 100,000 KPMG LLP5 Richmond College of William and Mary 100,000 UBS5 Offices in Richmond, Virginia Beach, Norfolk College of William and Mary 100,000 Wetland Studies and Solutions Inc.5 Gainesville College of William and Mary 100,000 Wells Fargo & Co. San Francisco United Way of Greater Richmond & Petersburg 100,000 SunTrust Foundation Atlanta Junior Achievement of Central Virginia 100,000 Salem Web Network Richmond Liberty University 97,600 Caterpillar Clubhouse Madison Heights Liberty University 95,300 1 First installment of $3 million donation to fund the Smithfield Foods Legacy Project                                                                 Source: Individual companies, nonprofits, websites, press releases 2 Over 5 years 3 $500,000 to $999,999 4 $100,000 to $499,999 5 $100,000+   2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/donations-by-independent-foundations-and-groups-2019 Donations by independent foundations and groups http://www.virginiabusiness.com/news/article/donations-by-independent-foundations-and-groups-2019 http://www.virginiabusiness.com/news/article/donations-by-independent-foundations-and-groups-2019#When:09:00:00Z A sample of gifts, grants or pledges of $40,000 or more made or announced to Virginia nonprofits in 2017. table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Donor Location Donation recipient Donation amount The Harvest Foundation Martinsville Martinsville-Henry County Economic Development $3,500,000 The Joseph and Robert Cornell Memorial Foundation1 Charlottesville University of Virginia 1,000,000 Children's Hospital Foundation2 Richmond Virginia Commonwealth University 1,000,000 Lipman Foundation2 Glen Allen Virginia Commonwealth University 1,000,000 The Cabell Foundation2 Richmond Virginia Commonwealth University 1,000,000 Virginia Nonprofit Housing Coalition (Bob and Anna Lou Schaberg Fund)2 Richmond Virginia Commonwealth University 1,000,000 Danville Regional Foundation Danville Institute for Advanced Learning and Research 893,895 Williamsburg Health Foundation Williamsburg Williamsburg-James City County Public School Division 640,000 In Medias Res Educational Foundation3 Charlottesville University of Virginia 500,000 Massey Foundation4 Richmond Virginia Commonwealth University 500,000 The Mary Morton Parsons Foundation Richmond CARITAS 500,000 Wythe-Bland Foundation Wytheville Wytheville Community College 425,000 The Alleghany Foundation Covington Alleghany Highlands Economic Development Corp. 397,000 The Cameron Foundation Petersburg Central Virginia Health Services 296,000 Jack Kent Cooke Foundation Lansdowne Northern Virginia Community College Educational Foundation 250,000 Potomac Health Foundation Woodbridge George Mason University 249,748 E. Stuart James Grant Charitable Trust Danville Virginia Military Institute Foundation 205,000 HJH Foundation Lynchburg Liberty University 132,000 Beazley Foundation Inc. Portsmouth Nansemond Suffolk Academy 125,000 Robins Foundation Richmond Chesterfield Education Foundation 125,000 Orange Crimson Foundation5 Vienna Inova 100,000 Richmond Memorial Health Foundation Richmond CrossOver Healthcare Ministry 100,000 The Roanoke Women's Foundation Roanoke Camp Easterseals United Cerebral Palsy (UCP) 100,000 John Randolph Foundation Hopewell Central Virginia Health Services 100,000 Kiwanis Club of Danville Foundation Danville Danville Science Center 90,000 Northern Virginia Health Foundation Alexandria Arlington Pediatric Center 80,000 701 Korean Church Lynchburg Liberty University 75,719 Extraordinary Women Forest Liberty University 70,670 Lee Jackson Educational Foundation Charlottesville Virginia Military Institute Foundation 65,000 Liberty Baptist Fellowship Lynchburg Liberty University 63,125 Liberty Church Planting Network Lynchburg Liberty University 57,502 J.T. Minnie Maude Charitable Trust Danville Danville Science Center 50,000 Joan and Morgan Massey Foundation Richmond Science Museum of Virginia 50,000 Virginia Health Care Foundation Richmond Rx Partnership 40,000 1 $1 million-$5 million   2 $1 million-$2.99 million   3 $500,000-$1 million   4 $500,000-$999,000   5 $100,000-$499,999                         Sources: Virginia Business survey, websites, news releases/reports 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/virginias-top-nursing-and-rehabilitation-facilities-by-revenue-2019 Virginia’s top nursing and rehabilitation facilities by revenue http://www.virginiabusiness.com/news/article/virginias-top-nursing-and-rehabilitation-facilities-by-revenue-2019 http://www.virginiabusiness.com/news/article/virginias-top-nursing-and-rehabilitation-facilities-by-revenue-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Name Location Phone number Website Beds Net patient revenue1 1 Woodbine Rehabilitation & Healthcare Alexandria (703) 836-8838 woodbinerehab.com 307 $30,797,052 2 Sitter and Barfoot Veterans Care Center Richmond (804) 371-8000 dvs.virginia.gov 200 29,246,937 3 Roman Eagle Rehabilitation and Health Care Center Danville (434) 836-9510 romaneagle.org 312 25,384,054 4 Richfield Recovery and Care Center Salem (540) 380-4500 richfieldliving.com 315 23,240,329 5 Friendship Health and Rehab Center Inc. Roanoke (540) 265-2100 friendship.us 276 23,210,734 6 Virginia Veterans Care Center Roanoke (540) 982-2860 dvs.virginia.gov 180 22,529,000 7 Fairfax Rehabilitation & Nursing Center Inc. Fairfax (703) 273-7705 fairfaxnursingcenter.com 200 21,990,037 8 Westport Rehabiliation and Nursing Center Richmond (804) 288-3152 westportrehab.com 225 20,635,015 9 Dulles Health and Rehab Center Herndon (703) 934-5001 dulles-rehab.com 166 19,605,896 10 Lake Taylor Transitional Care Hospital Norfolk (757) 461-5001 laketaylor.org 192 19,352,015 11 Potomac Falls Health and Rehab Center Sterling (703) 834-5800 potomacfalls-rehab.com 150 18,623,173 12 The Gardens at Warwick Forest Newport News (757) 875-2000 riversideonline.com 209 17,879,554 13 Autumn Care of Mechanicsville Mechanicsville (804) 730-0009 autumncorp.com 169 17,560,563 14 Cherrydale Health & Rehabilitation Center Arlington (703) 243-7640 cherrydalehealthrehab.com 225 17,251,667 15 Heritage Hall-Leesburg Leesburg (703) 777-8700 heritage-hall.org 164 17,153,184 16 Salem Health & Rehabilitation Center Salem (540) 345-3894 salemhealthrehab.com 240 17,015,861 17 Birmingham Green Manassas (703) 257-0935 birminghamgreen.org 180 16,888,178 18 Iliff Nursing and Rehabilitation Center Dunn Loring (703) 560-1000 genesishcc.com/iliff 130 15,818,842 19 Blue Ridge Rehab Center Martinsville (276) 638-8701 brvillage.com 300 15,801,548 20 Carriage Hill Health and Rehab Center Fredericksburg (540) 785-1120 carriagehill-rehab.com 150 15,768,083 21 Harrisonburg Health & Rehabilitation Center Harrisonburg (540) 433-2623 harrisonburghealthrehab.com 180 15,344,987 22 Burke Health & Rehabilitation Center Burke (703) 425-9765 burkehealthrehab.com 120 15,275,417 23 Lexington Rehabilitation & Healthcare Richmond (804) 740-6174 lexingtoncourt.net 190 14,704,429 24 Virginia Beach Healthcare & Rehabilitation Center Virginia Beach (757) 481-3500 vabeachhealthrehab.com 180 14,693,973 25 Manor Care of Arlington Arlington (703) 379-7200 hcr-manorcare.com 161 14,590,425 1 Fiscal year 2017                                Source: Virginia Health Information 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/life-insurers-2019 Life insurers http://www.virginiabusiness.com/news/article/life-insurers-2019 http://www.virginiabusiness.com/news/article/life-insurers-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Life insurer Headquarters Phone Website Market share Direct Va. premiums written1 1 Minnesota Life Insurance Co. St. Paul, Minn. (833) 810-8267 securian.com 6.61% $294,033,185 2 Northwestern Mutual Life Insurance Co. Milwaukee (866) 950-4644 northwesternmutual.com 5.68 252,445,898 3 Zurich American Life Insurance Co. Schaumburg, Ill. (800) 382-2150 zurich.com 4.98 221,453,779 4 Metropolitan Life Insurance Co. New York (800) 638-5433 metlife.com 4.96 220,674,473 5 New York Life Insurance Co. New York (800) 359-1664 newyorklife.com 4.71 209,535,839 6 Massachusetts Mutual Life Insurance Co. Springfield, Mass. (855) 999-9805 massmutual.com 4.39 195,139,445 7 Lincoln National Life Insurance Co. Fort Wayne, Ind. (800) 487-1485 lfg.com 4.19 186,401,416 8 State Farm Life Insurance Co. Bloomington, Ill. (844) 242-1899  statefarm.com 2.70 119,883,518 9 John Hancock Life Insurance Co. (U.S.A.) Boston (800) 829-6341 johnhancock.com 2.37 105,545,330 10 Prudential Insurance Co. Of America Newark, N.J. (800) 556-8527 prudential.com 2.20 97,658,771 11 American General Life Insurance Co. New York (800) 888-2452 aig.com 2.08 92,495,904 12 Pruco Life Insurance Co. Newark, N.J. (800) 556-8527 prudential.com 2.00 89,063,309 13 Guardian Life Insurance Co. of America New York (888) 482-7342 guardianlife.com 1.89 84,040,482 14 USAA Life Insurance Co. San Antonio (800) 245-4398 usaa.com 1.86 82,697,063 15 Transamerica Premier Life Insurance Co. Cedar Rapids, Iowa (800) 797-2643 transamerica.com 1.84 81,836,153 16 Nationwide Life Insurance Co. Columbus, Ohio (855) 590-9780 nationwide.com 1.75 78,038,359 17 New York Life Insurance and Annuity Corp. New York (800) 225-5695 newyorklife.com 1.50 66,492,936 18 United of Omaha Life Insurance Co. Omaha, Neb. (800) 377-9000 mutualofomaha.com 1.44 63,866,420 19 Brighthouse Life Insurance Co. Charlotte, N.C. (800) 638-5433 brighthousefinancial.com 1.25 55,719,197 20 Transamerica Life Insurance Co. Cedar Rapids, Iowa (800) 797-2643 transamerica.com 1.25 55,438,845 21 Midland National Life Insurance Co. Sioux Falls, S.D. (800) 843-3316 midlandnational.com 1.16 51,783,028 22 Primerica Life Insurance Co. Duluth, Ga. (800) 257-4725 primerica.com 1.11 49,536,790 23 Pacific Life Insurance Co. Newport Beach, Calif. (800) 347-7787 pacificlife.com 1.10 48,951,387 24 ReliaStar Life Insurance Co. Woodbury, N.Y. (877) 886-5050 voya.com 1.01 45,047,080 25 Nationwide Life and Annuity Insurance Co. Columbus, Ohio (855) 590-9780 nationwide.com 1.01 44,716,068 1 Written for calendar year 2017.       Source: State Corporation Commission 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/health-and-accident-insurers-2019 Health and accident insurers http://www.virginiabusiness.com/news/article/health-and-accident-insurers-2019 http://www.virginiabusiness.com/news/article/health-and-accident-insurers-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Health and accident insurer Headquarters Website Phone Market share Direct Va. premiums written ($000)1 1 Anthem Health Plans of Virginia Inc. Richmond anthem.com (804) 358-1551 16.78% $3,645,294 2 Healthkeepers Inc. Indianapolis anthem.com (804) 358-1551 16.07 3,490,586 3 Optima Health Plan Virginia Beach optimahealth.com (757) 552-7401 6.88 1,494,238 4 Virginia Premier Health Plan Inc. Richmond vapremier.com (800) 727-7536 5.58 1,212,531 5 Group Hospitalization and Medical Services Inc. Owings Mills, Md. carefirst.com (410) 581-3000 5.30 1,151,761 6 UnitedHealthcare Insurance Co. Minnetonka, Minn. uhc.com (800) 357-0978 5.20 1,130,512 7 Humana Insurance Co. Louisville, Ky. humana.com (800) 833-6917 4.45 965,688 8 Kaiser Foundation Health Plan of the Mid-Atlantic States Inc. Rockville, Md. kaiserpermanente.org (800) 777-7902 3.80 826,114 9 Humana Health Plan Inc. Louisville, Ky. humana.com (800) 833-6917 2.99 650,115 10 Aetna Life Insurance Co. Hartford, Conn. aetna.com (800) 872-3862 2.95 641,046 11 Cigna Health & Life Insurance Co. Bloomfield, Conn. cigna.com (800) 244-6224 2.79 606,944 12 CareFirst BlueChoice Inc. Baltimore carefirst.com (410) 581-3000 1.91 415,941 13 Humana Wisconsin Health Organization Insurance Corp. Louisville, Ky. humana.com (800) 558-4444 1.71 371,238 14 Aetna Health Inc. Hartford, Conn. aetna.com (800) 872-3862 1.58 343,312 15 Innovation Health Insurance Co. Falls Church innovation-health.com (855) 228-0510 1.45 315,675 16 Coventry Health Care of Virginia Inc. Richmond chcvirginia.coventryhealthcare.com (804) 747-3700 1.31 283,608 17 UnitedHealthCare of Wisconsin Minnetonka, Minn. uhc.com (888) 545-5205 1.25 272,061 18 Delta Dental of Virginia Roanoke deltadentalva.com (540) 989-8000 1.23 267,328 19 Sierra Health and Life Insurance Co. Inc. Minnetonka, Minn. sierrahealthandlife.com (702) 242-7700 1.15 249,338 20 Metropolitan Life Insurance Co. New York metlife.com (800) 438-6388 1.00 216,952 21 INOVA Health Plan LLC Falls Church inova.org (855) 694-6682 0.81 176,577 22 American Family Life Assurance Company of Columbus (Aflac) Columbus, Ga. aflac.com (800) 992-3522 0.65 140,859 23 UnitedHealthcare of the Mid-Atlantic Inc. Minnetonka, Minn. uhc.com (800) 321-1992 0.54 116,746 24 Innovation Health Plan Inc. Falls Church innovation-health.com (855) 228-0510 0.48 103,514 25 Piedmont Community Healthcare Inc. Lynchburg pchp.net (434) 947-4463 0.44 95,609 1 Rounded premiums in Virginia for 2017.                                                                                                          Source: State Corporation Commission 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/top-hospitals-by-revenue-2019 Top hospitals by revenue http://www.virginiabusiness.com/news/article/top-hospitals-by-revenue-2019 http://www.virginiabusiness.com/news/article/top-hospitals-by-revenue-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Hospital Location Website Phone Top executive Licensed beds Net patient revenues 1 1 VCU Health System Richmond vcuhealth.org (804) 828-9000 Dr. Marsha D. Rappley 811 $1,573,563,404 2 University of Virginia Medical Center Charlottesville healthsystem.virginia.edu (434) 924-0000 Pamela M. Sutton-Wallace 612 1,527,311,871 3 Inova Fairfax Hospital Falls Church inova.org (703) 766-4001 Susan T. Carroll2 894 1,445,471,603 4 Carilion Medical Center Roanoke carilionclinic.org  (800) 422-8482 Nancy H. Agee 737 1,157,977,785 5 Sentara Norfolk General Hospital Norfolk sentara.com (757) 388-3000 Carolyn Carpenter 525 862,540,145 6 CJW Medical Center Richmond hcavirginia.com (804) 483-0000 Greg Lowe 758 702,991,587 7 Centra Health - Virginia Baptist & Lynchburg General Lynchburg centrahealth.com (434) 200-4444 Michael Elliott2 526 663,152,800 8 Valley Health Winchester Medical Center Winchester valleyhealthlink.com (540) 536-8000 Grady "Skip" Philips III 455 592,451,562 9 Bon Secours St. Mary's Hospital Richmond bonsecours.com (804) 285-2011 Francine Barr 391 548,851,748 10 Henrico Doctors' Hospital Richmond hcavirginia.com (804) 289-4500 William O. Wagnon 767 532,506,723 11 Riverside Regional Medical Center Newport News riversideonline.com (757) 594-2000 Michael Doucette 577 524,366,198 12 Virginia Hospital Center Arlington virginiahospitalcenter.com (703) 558-5000 James B. Cole 394 424,705,304 13 Sentara RMH Medical Center Harrisonburg rmhonline.com (540) 689-1000 Douglas J. Moyer 238 423,338,653 14 Mary Washington Hospital Fredericksburg marywashingtonhealthcare.com (540) 741-1100 Dr. Michael McDermott 451 403,028,577 15 Inova Alexandria Hospital Alexandria inova.org (703) 504-3000 Dr. Rina Bansal2 318 356,264,295 16 Bon Secours Memorial Regional Medical Center Mechanicsville bonsecours.com (804) 764-6000 Leigh Sewell 225 355,216,509 17 Bon Secours Maryview Medical Center Portsmouth bonsecourshamptonroads.com (757) 398-2200 Paul Gaden 346 317,820,584 18 Reston Hospital Center Reston restonhospital.com (703) 689-9000 John Deardorff 187 312,802,407 19 Inova Loudoun Hospital Leesburg inova.org (703) 858-6000 Deborah Addo 167 310,404,884 20 Sentara Leigh Hospital Norfolk sentara.com (757) 466-6000 Joanne Inman 250 306,955,776 21 Inova Fair Oaks Hospital Fairfax inova.org (703) 391-3600 Dr. Donald Brideau 182 305,014,675 22 LewisGale Medical Center Salem lewisgale.com (540) 776-4000 Lance Jones 506 301,908,841 23 Sentara Virginia Beach General Hospital Virginia Beach sentara.com (757) 395-8000 Elwood Boone III 276 301,824,417 24 Children's Hospital of the King's Daughters Norfolk chkd.org (757) 668-7000 James Dahling 206 300,262,009 25 Chesapeake Regional Medical Center Chesapeake chesapeakeregional.com (757) 312-8121 Reese Jackson 310 285,237,432 26 Augusta Health Fishersville augustahealth.com (540) 332-4000 Mary N. Mannix 238 279,996,449 1 For fiscal year 2017             2 Acting CEO                                                 Source: Virginia Health Information 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/top-sba-lenders-virginia-district-office-2019 Top SBA lenders - Virginia District Office http://www.virginiabusiness.com/news/article/top-sba-lenders-virginia-district-office-2019 http://www.virginiabusiness.com/news/article/top-sba-lenders-virginia-district-office-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Lender No. of loans1 Total value1 1 Wells Fargo Bank 79 $21,689,600 2 Independence Bank 41 4,205,000 3 Union Bank & Trust 40 13,946,000 4 M&T Bank 40 5,955,000 5 BB&T 30 6,444,200 6 Sonabank 25 6,509,800 7 United Midwest Savings Bank 25 4,666,000 8 TD Bank 24 1,119,000 9 Celtic Bank 21 11,712,300 10 VCC Bank 19 5,217,200 11 Newtek Small Business Finance 18 12,298,700 12 Village Bank 17 11,727,800 13 SunTrust Bank 16 13,764,400 14 TowneBank 16 6,172,000 15 Stearns Bank 16 3,578,400 16 Fulton Bank 14 8,482,000 17 Live Oak Bank 13 19,559,000 18 First National Bank of Pennsylvania 13 15,110,600 19 First Home Bank 12 2,229,200 20 Skyline National Bank 12 1,900,600 21 First Bank and Trust Co. 11 $6,653,100 22 First Bank 10 9,999,000 23 First-Citizens Bank & Trust 10 4,838,000 24 PNC Bank 9 1,136,000 25 BayPort Credit Union 8 2,663,000 26 Virginia Partners Bank 8 1,533,000 27 United Community Bank 7 6,772,000 28 Southern Bank & Trust Co. 7 1,384,000 29 BankUnited 6 5,771,500 30 Five Star Bank 6 1,610,000 31 FVCbank 5 8,934,000 32 Readycap Lending LLC 5 5,400,000 33 EagleBank 5 3,380,000 34 Hanmi Bank 5 3,150,000 35 Fauquier Bank 5 1,155,000 36 Seacoast National Bank 5 565,000 37 Regions Bank 4 2,830,300 38 Virginia National Bank 4 1,851,000 39 Citizens Bank 4 1,210,700 40 Farmers & Merchants Bank 4 330,000 1 Fiscal year 2018 Note: List includes participants in the U.S. Small Business Administration’s 7(a) Loan Program and 504 Debentures who distributed at least 4 loans in FY 2018. Source: U.S. Small Business Administration - Virginia District Office 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/credit-unions-2019 Credit unions http://www.virginiabusiness.com/news/article/credit-unions-2019 http://www.virginiabusiness.com/news/article/credit-unions-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Institution Headquarters Phone Website Top executive Members1 Assets ($000)1 1 Navy Federal Vienna (888) 842-6328 navyfederal.org Mary McDuffie 8,232,022 $96,962,446 2 PenFed Tysons (800) 247-5626 penfed.org James Schenck 1,714,427 24,484,751 3 Virginia Richmond (804) 323-6800 vacu.org Chris Shockley 277,835 3,638,027 4 Northwest Federal Herndon (703) 709-8900 nwfcu.org Jeff Bentley 265,841 3,412,424 5 Langley Federal Newport News (757) 827-5328 langleyfcu.org Tom Ryan 252,029 2,821,018 6 Apple Federal Fairfax (703) 788-4800 applefcu.org Andrew Grimm 209,467 2,740,682 7 Chartway Federal Virginia Beach (800) 678-8765 chartway.com Brian Schools 188,303 2,199,691 8 State Department Federal Alexandria (703) 706-5000 sdfcu.org Jan Roche 86,030 1,985,431 9 BayPort Credit Union Newport News (757) 928-8850 bayportcu.org Stanley P. Leicester II2 143,094 1,617,282 10 DuPont Community Waynesboro (540) 946-3200 mydccu.com Steve F. Elkins 99,557 1,176,411 11 Member One Federal Roanoke (540) 982-8811 memberonefcu.com Frank Carter 118,882 1,011,861 12 Congressional Federal Oakton (703) 934-8300 congressionalfcu.org Sean Zimmermann 46,981 970,766 13 University of Virginia Community Charlottesville (434) 964-2001 uvacreditunion.org Alison DeTuncq 72,569 954,157 14 United States Senate Federal Alexandria (800) 374-2758 ussfcu.org Kenneth W. Kramer 39,592 840,055 15 Justice Federal Chantilly (703) 480-5300 jfcu.org Mark Robnett 61,689 779,710 16 1st Advantage Federal Newport News (757) 877-2444 1stadvantage.org Paul W. Muse 64,488 690,991 17 Freedom First Roanoke (540) 389-0244 freedomfirst.com Paul Phillips 52,334 600,939 18 ABNB Federal Chesapeake (757) 523-5300 abnbfcu.org Charles Mallon Jr. 59,469 572,825 19 NRL Federal Alexandria (301) 839-8400 nrlfcu.org Kristin D. Shultz 23,580 455,811 20 Fairfax County Federal Fairfax (703) 218-9900 fairfaxcu.org Joseph Thomas Jr. 17,163 417,970 21 ValleyStar Martinsville (800) 475-6328 valleystar.org Delbert Lee Morgan 43,184 400,903 22 Call Federal Richmond (804) 274-1200 callfederal.org Roger Ball 30,405 388,728 23 NSWC Federal Dahlgren (540) 663-2181 nswcfcuonline.org Bruce Six 37,748 381,144 24 CommonWealth One Federal Alexandria (703) 823-5211 cofcu.org Charlotte Cash 33,722 347,910 25 Arlington Community Arlington County (703) 526-0200 arlingtoncu.org Karen Rosales 22,388 333,056 1 Data accessed Feb. 7, 2019                          2 Interim CEO                         Source: National Credit Union Administration 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/insurance-brokers-2019 Insurance brokers http://www.virginiabusiness.com/news/article/insurance-brokers-2019 http://www.virginiabusiness.com/news/article/insurance-brokers-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Firm Main Va. Office Phone Website Top Va. executive No. Va. Agents Va. revenues1 1 BB&T Insurance Services Richmond (804) 359-0044 bbandt.com Walter P. Smith 135 $91,557,400 2 Marsh & McLennan Agency LLC Richmond (804) 780-0611 MarshMMA.com Thomas R. Brown; George A. Steadman; John C. Stanchina; Kim Enochs 348 64,300,000 3 Scott Insurance Lynchburg (434) 832-2100 scottins.com R. Hutcheson Mauck 192 61,700,000 1 For 2018                                                                                                                                                                                                                               Source:  Individual firms. Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/banks-thrifts-2019 Banks & thrifts http://www.virginiabusiness.com/news/article/banks-thrifts-2019 http://www.virginiabusiness.com/news/article/banks-thrifts-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Institution City Phone Website Top executive Va. offices 2018 deposits ($000)1 1 Capital One Bank USA2 Glen Allen (804) 967-1000 capitalone.com Richard D. Fairbank 1 $69,797,891 2 E*Trade Bank3 Arlington (800) 387-2331 us.etrade.com Karl Roessner 1 43,727,871 3 Wells Fargo & Co. San Francisco; regional HQ in McLean (800) 869-3557 wellsfargo.com Timothy J. Sloan 269 35,468,717 4 Bank of America Charlotte, N.C. (800) 432-1000 bankofamerica.com Brian Moynihan 130 29,756,608 5 BB&T Corp. Winston-Salem, N.C. (800) 226-5228 bbt.com Kelly S. King 303 23,464,281 6 Capital One National Association2 McLean (804) 967-1000 capitalone.com Richard D. Fairbank 50 20,850,229 7 SunTrust Bank Atlanta (800) 786-8787 suntrust.com William H. Rogers Jr. 181 20,587,651 8 Union Bank & Trust Richmond (800) 990-4828 bankatunion.com John C. Asbury 137 9,419,406 9 United Bank Fairfax (703) 502-7180 bankwithunited.com Richard M. Adams 72 7,132,354 10 TowneBank Portsmouth (757) 391-3500 townebank.com G. Robert Aston Jr. 32 6,333,798 11 E*Trade Savings Bank3 Arlington (800) 387-2331 us.etrade.com Karl Roessner 1 4,143,721 12 PNC Bank National Association Pittsburgh (888) 762-2265 pnc.com William S. Demchak 94 3,983,957 13 Carter Bank & Trust Martinsville (276) 656-1776 carterbankandtrust.com Litz H. Van Dyke 79 3,254,466 14 Burke & Herbert Bank Alexandria (703) 549-6600 burkeandherbertbank.com E. Hunt Burke 25 2,329,599 15 Access National Bank4 Reston (703) 871-2100 accessnationalbank.com Michael W. Clarke 15 2,147,140 16 TD Bank National Association Cherry Hill, N.J. (800) 462-3666 tdbank.com Bharat B. Masrani 24 1,739,002 17 Sonabank McLean (888) 464-2265 sonabank.com Georgia S. Derrico 40 1,736,413 18 First-Citizens Bank & Trust Co. Raleigh, N.C. (888) 323-4732 firstcitizens.com Frank B. Holding Jr. 47 1,720,908 19 Sandy Spring Bank Olney, Md. (800) 399-5919 sandyspringbank.com Daniel J. Schrider 15 1,529,523 20 Citibank National Association New York (212) 559-1000 citibank.com Barbara J. Desoer 6 1,474,000 21 First Bank & Trust Lebanon (276) 889-4622 firstbank.com William H. Hayter 18 1,317,633 22 Citizens and Farmers Bank West Point (800) 296-6246 cffc.com Larry G. Dillon 26 1,193,967 23 National Bank of Blacksburg Blacksburg (540) 951-6228 nbbank.com James G. Rakes 25 1,068,907 24 American National Bank and Trust Co. Danville (800) 240-8190 amnb.com Jeffrey V. Haley 17 1,048,956 25 FVCbank Fairfax (703) 952-3277 fvcbank.com David W. Pijor 6 1,011,230 1 As of June 30, 2018 for deposits within Virginia.  2 Subsidiary of Capital One Financial Corp. Capital One Bank is located in Virginia, but it provides banking across the U.S. 3 E*Trade Bank is located in Virginia, but its office provides online banking across the U.S. 4 Access Bank was acquired on Feb.1 by the parent company of Union Bank & Trust. Source: Federal Deposit Insurance Corp., Deposit Market Share Report, June 30, 2018 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/shook-top-wealth-advisers-in-virginia-2019 SHOOK top wealth advisers in Virginia http://www.virginiabusiness.com/news/article/shook-top-wealth-advisers-in-virginia-2019 http://www.virginiabusiness.com/news/article/shook-top-wealth-advisers-in-virginia-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } The following ranking of financial advisers was compiled by Florida-based SHOOK Research LLC, which also prepares a series of state by state and national lists for Forbes. Rank Name Company City Typical client net worth Minimum account size for new business1 1 Ric Edelman Edelman Financial Engines Fairfax $250K-1M $5K 2 Paul Pagnato PagnatoKarp Reston 20M 10M 3 Joe Montgomery Wells Fargo Advisors Williamsburg 5-15M 5M 4 Jeff Grinspoon HighTower Advisors Vienna 5-12M 1M 5 Gregory Smith Baird Reston 1-7M 300K 6 Simon Hamilton Baird Reston 1-7M 300K 7 Tristan Caudron Wells Fargo Advisors Alexandria 1-5M 500K 8 Ryan Sprowls Wells Fargo Advisors Alexandria 2.5-5M 500K 9 John Gill BB&T Scott & Stringfellow Virginia Beach 2.5-20M 1M 10 Robert Reich Wells Fargo Advisors McLean 3.5-50M 1M 11 Jamie Cox Harris Financial Group Richmond 800K-7.5M 0 12 Brett Hayes Wells Fargo Advisors Richmond 1-10M 500K 13 Allan Strange Janney Montgomery Scott Richmond 3-5M 0 14 Susan Kim Ameriprise Financial Vienna 1.7-12M 0 15 Eric Bartok Merrill Lynch Wealth Management Norfolk 2-10M 1M 16 James Barnette Raymond James Financial Services Reston 500K-2.5M 0 17 Weston Burnett OptiFour Integrated Wealth Management McLean 2-3M 700K 18 Neil Goetzman Merrill Lynch Wealth Management Alexandria 4-40M 1M 19 Bob Parr Morgan Stanley Private Wealth Management McLean 5-50M 2M 20 Greg Popera Merrill Lynch - Private Banking & Investment Group Tysons 30-50M 10M 21 Billy Barnes Wells Fargo Advisors Williamsburg 1-5M 250K 22 Douglas Gerace Wells Fargo Advisors McLean 5M 500K 23 David Earl Merrill Lynch Wealth Management Norfolk 1-15M 1M 24 Stephen Park UBS Financial Services Inc. Vienna 2-20M 2M 25 Brian Ford RBC Wealth Management Richmond 1-10M 1M 26 Christopher MacNamara Merrill Lynch Wealth Management Vienna 1-10M 250K 27 Chris Aime Baird Reston 1-5M 250K 28 Aashish Matani Merrill Lynch Wealth Management Norfolk 2.5-35M 1M 29 G. Carl Mahler Jr. The Pinnacle Group/Raymond James Midlothian 1-2M 500K 30 Jeff LeClair Wells Fargo Advisors McLean 8-25M 2M 31 Hanane Lemlih Wells Fargo Advisors McLean 8-25M 2M 32 Scott Garnett UBS Financial Services Inc. Richmond 1.5-5M 500K 33 Wanda Austin Morgan Stanley Wealth Management Newport News 1.5-6M 0 34 Joe Robinson Merrill Lynch Wealth Management Reston 1-25M 500K 35 Robert James Silva Morgan Stanley Wealth Management McLean 1.5-12M 2M 36 Jeff Eveland Merrill Lynch Wealth Management Leesburg 2M 500K 37 W. Scott Mowry Legacy Financial Group/Raymond James Williamsburg 2-6M 250K 38 Nancy Popovich Baird McLean 1-5M 0 39 Geoffrey Sisk Wells Fargo Advisors Richmond 2.5-12M 500K 40 David Armstrong Monument Wealth Management Alexandria 5-25M 1M 41 Patrick Larkin III Wells Fargo Advisors Leesburg 1.5-15M 500K 42 Ron Graft Wells Fargo Advisors McLean 3-8M 1M 43 Brandon LaCroix Merrill Lynch Wealth Management Roanoke 3-15M 500K 44 Mark Lange Morgan Stanley Wealth Management Richmond 1-15M 500K 45 James Bogart Bogart Wealth McLean 1.5-31M 1M 46 Dean Catino Monument Wealth Management Alexandria 5-30M 1M 47 Brian Jones CJM Wealth Advisers Fairfax 2-10M 1M 48 Mark Leonard Morgan Stanley Wealth Management McLean 5-10M 2M 49 Kent Cox Morgan Stanley Graystone Richmond 5-10M 1M 50 Kim Luu-Tu Ameriprise Financial Vienna 1-4M 500K 51 Greg Watts Morgan Stanley Wealth Management Virginia Beach $ 2-3M $ 500K 52 Marc Cram Morgan Stanley Wealth Management Richmond 500K-5M 0 53 Christopher Coffing Merrill Lynch Wealth Management Norfolk 1-4M 750K 54 Andrew Lewis Wells Fargo Advisors Reston 1-25M 1M 55 Lee Corey Morgan Stanley Wealth Management Alexandria 5M 250K 56 Eddie Link UBS Financial Services Inc. Roanoke 2-20M 500K 57 Mike Kemp UBS Financial Services Inc. Roanoke $1-20M $500K 58 Eric Parker Morgan Stanley Wealth Management Charlottesville 2-10M 1M 59 Robert Bradshaw Merrill Lynch Wealth Management Norfolk 250K 1M 60 Jeffrey Nau Merrill Lynch Wealth Management Alexandria 4-40M 1M 61 Tim Mullins Wells Fargo Advisors Richmond 3-12M 1M 62 Tim Neary Merrill Lynch Wealth Management Reston 500K-3M 275K 63 Robert Testwuide, III Merrill Lynch Wealth Management Reston 4-100M 1M 64 Paul Mazziotti Wells Fargo Advisors McLean 2.5-11M 1.5M 65 Scott Carr Wells Fargo Advisors Suffolk 7-10M 1M 66 Christine Emond Ameriprise Financial Fairfax 4.2-25M 500K 67 Michele Dandrea Morgan Stanley Wealth Management McLean 1.2-10M 1M 68 Kimberlee Barrett-Johnson Ameriprise Financial Charlottesville 1-10M 250K 69 Nicholas Harris Cassaday & Co. McLean 2.5-6.5M 1M 70 Ken Crowley Merrill Lynch Wealth Management Vienna 1.5-5M 1M 71 Gregory Nerantzis Merrill Lynch Wealth Management Leesburg 2-15M 500K 72 JT Carradice Ameriprise Financial Woodbridge 2-10M 500K 73 Jason King Ameriprise Financial Richmond 1-5M 100K 74 Michael Hancock Ameriprise Financial Charlottesville 2-5M 100K 75 W. Keats Nicoll Merrill Lynch Wealth Management Reston 1.5-6M 1M 76 Mark Rodman Merrill Lynch Wealth Management Fredericksburg 2-8M 500K 77 David Mead Merrill Lynch Wealth Management Reston 1.5-6M 500K 78 George Nottingham Wells Fargo Advisors Norfolk 1-5M 500K 79 Rob Wood Jr. Raymond James & Associates Richmond 7-15M 500K 80 John Higgins Wells Fargo Advisors Charlottesville 18-30M 1M 81 Darren Mazzoni Merrill Lynch Wealth Management Richmond 500K-10M 500K 82 Andy Rieger Morgan Stanley Wealth Management Alexandria 2-5M 100K 83 Robert Krebs Jr. Raymond James & Associates Virginia Beach 2.3-10.4M 1.5M 84 Leonard Levitch Ameriprise Financial Glen Allen 500K-3M 50K 85 Jonathan Chasen Wells Fargo Advisors Charlottesville 1-10M 500K 86 Carlos Viera Ameriprise Financial Fairfax 500K-5M 0 87 Christopher Schreiner The Mason Cos. Reston 2-50M 1M 88 Kenneth Sizemore Morgan Stanley Wealth Management Richmond 1-10M 1M 89 Kenneth Cadden Morgan Stanley Wealth Management Richmond 1-10M 1M 90 Charles Bull Merrill Lynch Wealth Management Charlottesville 1-25M 500K 91 Mil Parekh Morgan Stanley Wealth Management McLean 1.5-8M 500K 92 Rebecca Hall Ameriprise Financial Reston 2-8M 1M 93 Khalil Andraos Merrill Lynch Wealth Management Reston 1-10M 250K 94 James Flannery Merrill Lynch Wealth Management Vienna 1-5M 500K 95 Fardin Nematollahi UBS Financial Services Inc. Vienna 1-7M 250K 96 Drew Karr BB&T Scott & Stringfellow Tysons 2.5-50M 2.5M 97 Lori Anne Caumeil Morgan Stanley Wealth Management McLean 5-7M 1M 98 Pat McAleer Ameriprise Financial Glen Allen 2-5M 1M 99 Gary Bonnewell Morgan Stanley Wealth Management Newport News 1-15M 1M 100 Monty Hargrove Wells Fargo Advisors Williamsburg 1-5M 250K 101 Joseph Irvin Wells Fargo Advisors Warrenton $150K-2.5M 250K 102 Roger Shawn Raymond James & Associates Richmond $750K-4M 5K 103 Andrew Greene Merrill Lynch Wealth Management Reston $1-5M 250K 104 Jon Metcalfe Merrill Lynch Wealth Management Reston $1-5M 250K 105 Ron Cain Wells Fargo Advisors Richmond $2.5-5M 500K 106 Stephanie Zebrowski Merrill Lynch Wealth Management Vienna $500K-5M 250K 107 Kim Mason Morgan Stanley Wealth Management McLean $3-10.5M 250K 108 Harvey Berger Ameriprise Financial Fairfax $1.6-14M 500K 109 James Somers Merrill Lynch Wealth Management Virginia Beach $25-250M 10M 110 Michael Wilden Morgan Stanley Wealth Management McLean $500K-10M 1M 1 Minimum account sizes are general since they can vary depending on a range of circumstances. Data provided by SHOOK™ Research, LLC Data as of 6/30/18      Ranking algorithm is based on quality of practice learned through telephone and in-person interviews, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. For more information see www.SHOOKresearch.com. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/uploads2/2SG_6553x.png “Stay focused on the longer term..., ” says Rebecca B. Hall. Photo by Stephen Gosling http://www.virginiabusiness.com/news/article/stay-calm-and-carry-on Stay calm and carry on http://www.virginiabusiness.com/news/article/stay-calm-and-carry-on http://www.virginiabusiness.com/news/article/stay-calm-and-carry-on#When:09:00:00Z Some Virginia investors were frightened by the stock market’s wild swings at the end of last year. But more than a dozen Virginia financial advisers are telling clients not to panic when faced with market volatility. Instead, they recommend that investors reassess their portfolios and continue to plan for the long term. These advisers are among 110 recently named to the SHOOK Top Wealth Advisers in Virginia compiled by Florida-based SHOOK Research. The firm’s rankings, which appear in Forbes magazine and regional publications, are based on an algorithm of qualitative and quantitative data weighing factors such as revenue trends, assets under management, compliance records, industry experience and best practices. Portfolio performance is not included in the selection criteria due to varying client objectives and a lack of audited data. Advisers on the list interviewed by Virginia Business say no one should sell their stocks just because of a big one-day drop in the Dow Jones Industrial Average. “Stay focused on the longer term and don’t make investment decisions based on emotional reaction to what’s happening in the news because you got one day going down 2 percent and the next day back up, and if you adjusted your portfolio every time the swings were like that, I think you would probably go crazy,” says Rebecca B. Hall, CEO of RBH Global Wealth Partners with Ameriprise Financial Inc. in Reston. Joe Montgomery of Wells Fargo Advisors in Williamsburg, says his 43 years of experience has led him to the conclusion that one of the most fundamental investment strategies is still relevant. “Diversification is still the name of the game,” he says. “It’s not sexy but it works … Most people aren’t really broadly allocated.” Joseph T. Irvin, senior vice president of investments at Wells Fargo Advisors in Warrenton, urges clients to not abandon an investment plan when the market goes haywire. “The main thing I tell clients during periods of heightened volatility is to not panic and stay invested,” Irvin said. “Unfortunately, volatility in the stock market is something that investors will always have to deal with, so having a plan and staying the course is so important to having success over time.” Nick Harris, a senior vice president at Cassaday and Co. Inc. in McLean, agrees. “When market volatility increases, the unpredictability of our emotions tends to increase as well,” Harris says. “Emotions can take over and make you want to hit the eject button and try to make a loss less painful rather than remain invested and wait it out … Our guiding principle is ‘stay calm and ignore the noise.’” Brian Ford, managing director and senior portfolio manager at RBC Wealth Management in Richmond, says people tend to lose sight of their plans and what’s right for them at two distinct times: “One is when the market reaches all-time highs, and the other is when the market reaches significantly low periods.” John A. Gill, senior managing director of The Gill Group of BB&T Scott & Stringfellow in Virginia Beach, described the current cycle as “the most unloved bull market in recent history.” “Our job is to keep clients focused on the long term and fundamentals that ultimately win out, so the current noise doesn’t cause them to abandon their investments at the wrong time,” Gill says. “The declines have led some investors to feel a greater sense of fear, which is perfectly normal, but we’ve been working hard to help keep clients invested and avoid selling at poor prices.” Another common piece of advice is that a period of volatility can be a good opportunity for investors to scrutinize their portfolios. “Whenever there is a real big market disruption like we had in the fourth quarter, it’s particularly important to reassess your plan,” Ford says. “Reassess your plan and understand if you’re still on track for that — that’s the most important thing that clients should do right now.” In fact, Patrick McAleer, who is in the private wealth advisory practice of Kasch, Levitch, McAleer & Associates with Amerprise Financial in Glen Allen, believes clients should revisit their portfolio strategy every six months. “When clients do this, they are usually better prepared for downturns — although we never know when they will occur — but we know markets will have downturns periodically,” McAleer says.  “At this point, we are working with clients to rebalance portfolios if needed, which … may include selling a small percentage of fixed income assets in favor of buying equities.” Carl Mahler Jr., president of The Pinnacle Group with Raymond James Financial Services in Midlothian, says his clients were not surprised by the recent market volatility. “The longer the bull runs, the closer we get to a decline, so we’ve been expecting this long-overdue correction,” he says. “We meet clients typically twice a year and have been reminding them this is coming. … We filled the grain bins and have weathered the storm.”  The recent market volatility actually created opportunity for investments in some stock segments, several advisers say. Christine M. Emond, of EBA Wealth Strategies with Ameriprise Financial in Fairfax, notes that some stock prices dropped 25 to 40 percent from their 52-week highs. “Assuming a company’s outlook remains strong and we continue to have relative strength in the economy, this could offer an opportunity,” she says. Tim Mullins, managing director of Mullins & Gordon Financial Consulting & Wealth Management with Wells Fargo Advisors in Richmond, says he would advise clients to take more exposure in sectors where there is value, such as health care, and others that sold off during the fourth quarter, such as financial stocks. He notes that, as investors rotate out of some sectors, they generate cash. “In our view, if your current allocation is still aligned with your goals and objectives, it’s important to put that cash back to work,” he says. “Resist the temptation to sock away cash out of fear.” Several advisers noted that the increase in interest rates in the past year has created an investment opportunity in money market funds, which are now earning 2.25 percent or more. “In my opinion, the recent increase in interest rates made some areas of the fixed-income market more attractive,” says Scott Garnett, senior vice president of Wealth Management at UBS Financial Services Inc. in Richmond. Although some stocks are more attractive because of a decline in prices, some advisers question whether they are attractive enough. Kimberlee A. Barrett-Johnson, president of Barrett-Johnson & Associates with Ameriprise Financial in Charlottesville, tells investors to be cautious. “We are advising clients to take some risk off the table and to be prepared for further market declines, in order to protect their long-term goals,” Barrett-Johnson says. “Now is a good time for clients to re-evaluate their risk tolerance and make sure they understand the risks they are taking and that they’re comfortable with their current strategies. “We have been helping our clients prepare for a market decline for some time, as we have felt that stocks are overvalued,” she adds. Christopher L. Schreiner of The Mason Cos. in Reston, says it’s also important to remember that market volatility is normal. “We are advising clients to hold diversified portfolios designed to withstand market volatility.” Nelson Edward “Eddie” Link Jr., senior vice president of Wealth Management at UBS in Roanoke, says the company’s investment playbook for clients this year centers on four key strategies: Stay invested; be selective and own quality; stick to your long-term plan and diversify; and be prepared for more volatility. “Now is a good time to rebalance portfolios,” Link says.  “The markets have always been and will likely remain volatile. Focus on the long term and use bouts of volatility to add to quality stocks when they go on sale.” SHOOK top wealth advisers in Virginia   2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/endowments-at-virginia-colleges-and-universities-2019 Endowments at Virginia colleges and universities http://www.virginiabusiness.com/news/article/endowments-at-virginia-colleges-and-universities-2019 http://www.virginiabusiness.com/news/article/endowments-at-virginia-colleges-and-universities-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } University 2018 endowment funds ($000)1 University of Virginia $6,953,380 University of Richmond 2,511,584 Virginia Commonwealth University 1,951,337 Washington and Lee University 1,603,114 Liberty University 1,432,964 Virginia Tech Foundation 1,146,055 College of William & Mary and its foundations 935,544 VMI Foundation Inc. 491,862 Medical College of Virginia Foundation 457,310 Hampton University 285,345 Old Dominion University2 244,784 Hollins University 186,335 Hampden-Sydney College 170,668 Randolph-Macon College 153,927 Roanoke College 145,446 Lynchburg College 109,550 James Madison University Foundation Inc. 103,924 Eastern Virginia Medical School Foundation 97,967 Bridgewater College 96,963 George Mason University Foundation Inc. 84,946 Longwood University Foundation 70,135 Shenandoah University 66,139 Radford University Foundation Inc. 56,530 Virginia State University 54,479 Ferrum College 52,752 University of Mary Washington 50,641 Marymount University 46,300 Mary Baldwin University 33,353 Eastern Mennonite University 33,068 Norfolk State University Foundation 24,755 Averett University 22,369 Virginia State University Foundation 14,979 J. Sargeant Reynolds Community College Educational Foundation 10,574 Blue Ridge Community College Educational Foundation 8,438 John Tyler Community College 3,662 Source: National Association of College and University Business Officers and Commonfund Institute 1 As of June 2018 2 Total includes endowment assets from Old Dominion University and its educational, athletic and real estate foundations. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/community-colleges-2019 Community colleges http://www.virginiabusiness.com/news/article/community-colleges-2019 http://www.virginiabusiness.com/news/article/community-colleges-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Institution Main campus Phone Website President Part-time students 1 Full-time students 1 Total 1 1 Northern Virginia Annandale (703) 323-3000 nvcc.edu Melvyn Schiavelli2 34,204 16,725 50,929 2 Tidewater Norfolk (757) 822-1122 tcc.edu Gregory T. DeCinque2 13,542 7,399 20,941 3 John Tyler Chester (804) 796-4000 jtcc.edu Edward "Ted" Raspiller 7,711 2,433 10,144 4 J. Sargeant Reynolds Richmond (804) 371-3000 reynolds.edu Paula P. Pando 6,284 2,453 8,737 5 Thomas Nelson Hampton (757) 825-2700 tncc.edu John T. Dever 5,238 2,447 7,685 6 Germanna Fredericksburg (540) 891-3000 germanna.edu Janet Gullickson 5,008 2,200 7,208 7 Virginia Western Roanoke (540) 857-8922 virginiawestern.edu Robert H. Sandel 4,969 1,858 6,827 8 Lord Fairfax Middletown (540) 868-7000 lfcc.edu Kimberly Blosser 4,831 1,967 6,798 9 Piedmont Virginia Charlottesville (434) 977-3900 pvcc.edu Frank Friedman 4,287 1,158 5,445 10 New River Dublin (540) 674-3600 nr.edu Patricia B. Huber 2,766 1,653 4,419 11 Blue Ridge Weyers Cave (540) 234-9261 brcc.edu John A. Downey 2,908 1,191 4,099 12 Central Virginia Lynchburg (434) 832-7600 centralvirginia.edu John S. Capps 2,654 1,393 4,047 13 Southside Virginia Alberta (434) 949-1000 southside.edu Alfred A. Roberts 2,339 1,091 3,430 14 Rappahannock Glenns (804) 758-6700 rappahannock.edu Elizabeth H. Crowther 2,341 741 3,082 15 Danville Danville (434) 797-2222 danville.edu Betty Jo Foster2 1,841 987 2,828 16 Wytheville Wytheville (276) 223-4700 wcc.vccs.edu Dean Sprinkle 1,653 861 2,514 17 Mountain Empire Big Stone Gap (276) 523-2400 mecc.edu Kris Westover 1,554 951 2,505 18 Virginia Highlands Abingdon (276) 739-2400 vhcc.edu Charlie White2 1,505 882 2,387 19 Southwest Virginia Cedar Bluff (276) 964-2555 sw.edu Tommy F. Wright 1,291 1,082 2,373 20 Patrick Henry Martinsville (276) 638-8777 ph.vccs.edu Angeline D. Godwin 1,064 1,202 2,266 21 Paul D. Camp Franklin (757) 569-6700 pdc.edu Daniel W. Lufkin 905 383 1,288 22 Dabney S. Lancaster Clifton Forge (540) 863-2800 dslcc.edu John J. Rainone 576 405 981 23 Eastern Shore Melfa (757) 789-1789 es.vccs.edu William T. Greer2 499 155 654 1 Fall enrollment 2018            2 Interim president                 Source: State Council of Higher Education for Virginia, individual schools 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/colleges-universities-public-2019 Colleges & universities (public) http://www.virginiabusiness.com/news/article/colleges-universities-public-2019 http://www.virginiabusiness.com/news/article/colleges-universities-public-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Institution Location Phone Website President Part-time students1 Full-time students1 1 Virginia Tech Blacksburg (540) 231-6000 vt.edu Timothy Sands 2,710 32,140 3 George Mason University Fairfax (703) 993-2400 gmu.edu Ángel Cabrera 11,632 26,045 2 Virginia Commonwealth University Richmond (804) 828-0100 vcu.edu Michael Rao 5,461 25,615 4 University of Virginia Charlottesville (434) 924-0311 virginia.edu James E. Ryan 2,220 22,419 5 James Madison University Harrisonburg (540) 568-6211 jmu.edu Jonathan R. Alger 1,835 19,916 6 Old Dominion University Norfolk (757) 683-3000 odu.edu John R. Broderick 7,497 16,679 7 Radford University Radford (540) 831-5000 radford.edu Brian O. Hemphill 1,245 8,090 8 College of William and Mary Williamsburg (757) 221-4000 wm.edu Katherine A. Rowe 828 7,989 9 Christopher Newport University Newport News (757) 594-7000 cnu.edu Paul S. Trible Jr. 88 4,869 10 Norfolk State University Norfolk (757) 823-8600 nsu.edu Melvin T. Stith2 697 4,507 13 University of Mary Washington Fredericksburg (540) 654-1000 umw.edu Troy D. Paino 733 3,994 11 Virginia State University Petersburg (804) 524-5000 vsu.edu Makola M. Abdullah 441 3,944 12 Longwood University Farmville (434) 395-2000 longwood.edu W. Taylor Reveley IV 982 3,929 14 Virginia Military Institute Lexington (540) 464-7211 vmi.edu J.H. Binford Peay III3 0 1,685 15 U.Va.'s College at Wise Wise (276) 328-0100 uvawise.edu Donna Price Henry4 912 1,153 16 Richard Bland College5 Petersburg (804) 862-6100 rbc.edu Debbie L. Sydow 1,517 841 1 Based on fall 2018 enrollment numbers                   2 Interim president                     3 Superintendent                     4 Chancellor                 5 Junior college of the College of William & Mary Source: State Council of Higher Education for Virginia 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/colleges-universities-private-nonprofit-2019 Colleges & universities (private, nonprofit) http://www.virginiabusiness.com/news/article/colleges-universities-private-nonprofit-2019 http://www.virginiabusiness.com/news/article/colleges-universities-private-nonprofit-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } College or university Location Phone Website President Part-time students 1 Full-time students 1 Liberty University Lynchburg (434) 582-2000 liberty.edu Jerry Falwell Jr. 37,649 41,503 Hampton University Hampton (757) 727-5000 hamptonu.edu William R. Harvey 270 4,051 Regent University Virginia Beach (800) 373-5504 regent.edu M.G. "Pat" Robertson2 7,025 3,834 University of Richmond Richmond (804) 289-8000 richmond.edu Ronald A. Crutcher 563 3,439 Shenandoah University Winchester (800) 432-2266 su.edu Tracy Fitzsimmons 908 2,909 Marymount University Arlington (703) 522-5600 marymount.edu Irma Becerra 732 2,686 University of Lynchburg Lynchburg (434) 544-8100 lynchburg.edu Kenneth R. Garren 636 2,445 Washington and Lee University Lexington (540) 458-8400 wlu.edu William C. Dudley 5 2,215 Roanoke College Salem (540) 375-2500 roanoke.edu Michael C. Maxey 58 1,975 Bridgewater College Bridgewater (540) 828-8000 bridgewater.edu David W. Bushman 7 1,850 Randolph-Macon College Ashland (804) 752-7200 rmc.edu Robert R. Lindgren 24 1,464 Eastern Virginia Medical School Norfolk (757) 446-5600 evms.edu Dr. Richard V. Homan 0 1,383 Mary Baldwin University Staunton (540) 887-7019 marybaldwin.edu Pamela Fox 524 1,376 Virginia Wesleyan University Virginia Beach (757) 455-3200 vwu.edu Scott D. Miller 159 1,279 Emory & Henry College Emory (276) 944-4121 ehc.edu Jake B. Schrum 55 1,185 Virginia Union University Richmond (804) 257-5600 vuu.edu Hakim J. Lucas 395 1,165 Ferrum College Ferrum (540) 365-2121 ferrum.edu David Johns 15 1,104 Hampden-Sydney College Hampden-Sydney (434) 223-6000 hsc.edu Larry Stimpert 2 1,070 Averett University Danville (434) 791-5600 averett.edu Tiffany M. Franks 487 1,053 Bluefield College Bluefield (800) 872-0175 bluefield.edu David W. Olive 181 1,009 George Washington University (Virginia Science & Technology Campus) Ashburn (571) 553-8200 virginia.gwu.edu Christopher J. Deering3 724 1,001 Eastern Mennonite University Harrisonburg (540) 432-4000 emu.edu Susan Schultz Huxman 458 986 Southern Virginia University Buena Vista (540) 261-8400 svu.edu Reed N. Wilcox 37 942 Jefferson College of Health Sciences4 Roanoke (888) 985-8483 jchs.edu Nathaniel L. Bishop 271 857 Edward Via College of Osteopathic Medicine Blacksburg (540) 231-4000 vcom.edu Jan M. Willcox5 0 732 Hollins University Roanoke (800) 456-9595 hollins.edu Pareena G. Lawrence 96 709 Randolph College Lynchburg (434) 947-8000 randolphcollege.edu Bradley W. Bateman 15 608 Christendom College Front Royal (540) 636-2900 christendom.edu Timothy T. O'Donnell 78 508 Sweet Briar College Sweet Briar (434) 381-6100 sbc.edu Meredith Woo 5 325 Appalachian College of Pharmacy Oakwood (866) 935-7350 acp.edu Michael G. McGlothlin 1 220 1 Based on 2018 fall enrollment numbers 2 Founder, chancellor and CEO 3 Interim dean, Virginia Science and Technology campus 4 The Jefferson College of Health Sciences will become part of Radford University in August 5 Dean, Virginia Campus Source: State Council of Higher Education for Virginia   2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/uploads2/ODU-1306VaBus.png The university recently signed a transfer agreement. Photo by Mark Rhodes http://www.virginiabusiness.com/news/article/creating-a-supportive-atmosphere Creating a supportive atmosphere http://www.virginiabusiness.com/news/article/creating-a-supportive-atmosphere http://www.virginiabusiness.com/news/article/creating-a-supportive-atmosphere#When:09:00:00Z Old Dominion University welcomed the largest freshman class in its history last fall, and its online and transfer enrollment numbers are surging, but officials at the Norfolk-based school say it remains determined to treat its more than 24,300 students as individuals. With 26 percent of its undergraduates over age 24 and 26 percent attending school part time, ODU realizes a cookie-cutter approach does not lead to academic achievement. Offering 91 bachelor’s, 41 master’s and 22 doctoral degrees, the school prides itself on meeting the needs of a diverse student body. “We’re becoming more of a destination campus for those in Hampton Roads and beyond, but we individualize how we serve our students,” says Ellen Neufeldt, the university’s vice president for student engagement and enrollment services. For example, students affiliated with the armed services are plugged into ODU’s Military Connection Center, while online students have campus coaches who regularly touch base with them. Male minority students are encouraged to participate in the campus chapter of Brother 2 Brother, a national mentor organization.  Students enrolled in similar degree programs can join one of the university’s living learning communities. Also, about 1,000 of the university’s more than 3,100 freshmen participate in a student success coaching program in which they explore careers, receive assistance with coursework and are encouraged to make the most of their first year at ODU. The aim is to create a supportive atmos­phere inside and outside the classroom, a key factor in Old Dominion’s growth. In addition to its largest freshman class on record — 3,100 —  the university has seen enrollment in STEM programs escalate to the second-highest percentage among Virginia’s doctoral institutions, expanded residential housing and student extracurricular programs and conferred a record number of degrees — more than 4,000 — during last spring’s commencement. “Along with a wide offering of academic programs, we have a variety of support for students of all ages and backgrounds,” says Jane Dane, ODU’s associate vice president for enrollment management. “Our students recognize that care and support.” Transfer students Nontraditional students have long found a niche at ODU, which currently has more than 8,100 transfer students. Many come from two-year schools such as Tidewater Community College and Thomas Nelson Community College, which send more students to ODU than to any other Virginia school. Old Dominion has more than 200 program pathway agreements with Virginia community colleges — the most in the state — ensuring students can seamlessly transfer credits. “Historically, Old Dominion University has been a place for degree completion,” Dane notes. “It’s just been part of our history to support nontraditional students.” The university recently signed a new transfer agreement with TCC allowing non-traditional students to parlay their work and military experience, knowledge, training and technical skills into college credit and advance their careers. After earning an associate degree in technical studies at TCC, students can transfer into ODU’s industrial technology program in the Darden College of Education to complete their bachelor’s degrees. Long involved in distance education, ODU, along with George Mason University and the Virginia Community College System, formed the Online Virginia Network. It allows students who left college before completing degrees to finish without setting foot on campus. More than 6,000 ODU students are engaged in online learning. “The concept is to encourage them to return to college and complete their bachelor’s degree and increase the college-educated workforce in Virginia,” Dane says. Nursing school move Aside from online learners, most students attend classes at Old Dominion’s Hampton Boulevard campus. The School of Nursing, however, moved to the university’s Virginia Beach Higher Education Center last fall where it plans to increase enrollment and expand clinical labs and simulation spaces. The move brings 850 additional students and 62 faculty members to the center while creating additional synergies with the health-care institutions in the VABeachBio Corridor, such as Sentara Healthcare, Children’s Hospital of The King’s Daughters, LifeNet Health and Operation Smile. “It’s important for academic institutions like Old Dominion University to be part of the future of health-related programs in Virginia Beach to interact with those organizations,” says Karen Karlowicz, chair of the nursing school. In its new space, the school emphasizes its growing telehealth initiative, using technology to connect health-care providers with patients in remote and underserved areas. “It takes the technology that we all have and uses that to collect and assess data about patients’ conditions and transmit that information to the health-care provider giving guidance for patient care,” Karlowicz explains.  “Our graduate students had been receiving training in telehealth, but now, with the new space, telehealth training is being incorporated into the undergraduate curriculum.” With its plans to open a telehealth education and research center at the Virginia Beach Center, ODU has jumped to the forefront of training in that field. “Very few schools in the U.S. educate students across the board in telehealth,” Karlowicz says. “Our school is very forward thinking. We’re not afraid to try new things. We looked at the future of health care and realized that telehealth is the wave of the future.” In addition, nursing students and fac­­ulty, as well as those in other health-sciences disciplines, may soon be able to treat patients at a university-run health clinic in Virginia Beach. ODU is working with the city to determine the best location for a clinic focusing on underserved populations. “We’re looking at all the options out there,” says Bonnie Van Lunen, dean of the College of Health Sciences. “We want to use it as an education and research center as well as a clinic.” School of public health? On its main campus, Old Dominion is awaiting state appropriations to build an $80 million health-sciences facility that would house programs in dental hygiene, medical diagnostic and translational sciences, physical therapy and athletic training, and community and environmental health. The college also plans to implement an occupational-therapy program in the next three to four years to meet the demands of a growing career field. A school of public health — the first in Virginia — is also on the drawing board. “It’s definitely one of our goals in the next five years,” Van Lunen says. “It would be a community resource and would allow the College of Health Sciences to consolidate program offerings, pursue additional funding opportunities and attract more students and faculty.” Because of the reputation of its graduates, ODU is a prime location to house public-health programs, Van Lunen adds. “Our students perform their clinicals in Hampton Roads medical facilities, so providers have an opportunity to test drive the students and see the quality of education our students are getting.” Along with improving health in Hampton Roads, the college’s Center for Global Health has an international focus. It aims to implement innovative educational programs that enhance awareness of global health issues. “The world is changing, and everything is more strongly connected,” says Muge Akpinar-Elci, the center’s director. “If something happens to one country, it impacts other countries.” The center offers a graduate online certification program in global health, teaching basic health concepts to students in all disciplines, including education, engineering and communications. “For example, we work with engineers to help them understand the health piece so they can find solutions to a country’s drinking water problems,” Akpinar-Elci adds. “It gives them a broader perspective.” STEM fields While the College of Health Sciences waits for the green light to begin construction on its new facility, ground was broken this winter for the College of Sciences’ $75.6 million chemistry building. The 110,500-square-foot facility, featuring a 120-seat digital theater, research labs and a planetarium, is projected to be completed in late 2020. “For students who want to do chemistry, they are not going to find better facilities anywhere,” says Gail Dodge, dean of the college. Last summer, the National Institutes of Health awarded the college a $1.5 million Maximizing Access to Research Careers (MARC) grant to help underrepresented minority undergraduates in STEM fields pursue biomedical and behavioral sciences research careers. About 33 percent of ODU’s undergraduates are classified as underrepresented, including those in STEM programs. “This is not the kind of grant any university can get,” Dodge says. “It requires a lot of institutional support, but the college has a robust commitment from the university as well as a diverse campus with a strong minority population.” In addition to increasing opportunities for undergraduate research, Dodge says, ODU also wants to boost the number of minority faculty members in STEM fields.  Providing that encouragement sets Old Dominion apart, Dodge adds. “We have departments at ODU where undergraduate students don’t get lost. They can come here and feel like they’re in a small institutional department where people know them.” Football stadium renovation Although most of ODU’s recent construction has focused on academic buildings, the university recently broke ground for the Hugo A. Owens House, a residence hall slated for completion in spring 2020. Named for a local civil rights leader who was the first African-American rector of ODU’s board of visitors, the $62 million project will add 470 beds to the university’s housing inventory. The hall also will include a learning commons area and classrooms, with the majority of residents enrolled in STEM, health, cybersecurity and entrepreneurial programs. “Faculty can come in and conduct courses and interact with students,” says Gregory DuBois, ODU’s vice president for administration and finance. Meanwhile, contractors are working on an accelerated schedule to renovate the S.B. Ballard Stadium in time for the ODU football team’s home opener on Aug. 31 against Norfolk State University. Funded by private monies, the $67.5 million project will give the 82-year-old facility 21,500 seats, modern amen­ities and improved traffic flow.  “The stadium was past the end of its useful life and didn’t meet the standards when it came to fan comfort,” DuBois notes. “By renovating it in one season, we’re saving about $5 million and avoiding unknown inflation costs and lengthened disruption from construction.” That scores a win for the university and its growing student population. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/mergers-acquisitions-2019 Mergers & acquisitions http://www.virginiabusiness.com/news/article/mergers-acquisitions-2019 http://www.virginiabusiness.com/news/article/mergers-acquisitions-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Target Target industry Acquirer Announcement date Transaction value (in millions) 1 SCANA Corp. Electric utilities Dominion Energy Inc. Jan. 3 $14,179.70 2 CSRA Inc. Information technology services General Dynamics Corp. Feb. 12 9,714.47 3 Engility Holdings Inc. Aerospace and defense Science Applications International Corp. Sep. 10 2,380.31 4 Interoute Communications Ltd. Specialty telecommunications GTT Communications Inc. Feb. 26 2,288.59 5 K2M Group Holdings Inc. Medical specialties Stryker Corp. Aug. 30 1,262.70 6 Nephila Holdings Ltd. Investment managers Markel Corp. Aug. 31 975.00 7 ECS Federal LLC Miscellaneous commercial services On Assignment Inc. Jan. 31 775.00 8 Dunbar Armored Inc. Miscellaneous commercial services The Brink's Co. May 31 519.75 9 Velocity Holdings LLC Financial conglomerates Enable Midstream Partners LP Oct. 23 442.00 10 Cofense Inc. Packaged software Pamplona Capital Management LLP; BlackRock Private Equity Partners; Phishme Inc. Feb. 26 400.00 11 General Dynamics Information Technology Inc.'s Citizen Engagement Centers Business Miscellaneous commercial services MAXIMUS Federal Services Inc. Oct. 9 400.00 12 Zoe's Kitchen Inc. Restaurants The Invus Group LLC; Revolution Capital; Swan & Legend Venture Partners; Cava Group Inc. Aug. 17 295.28 13 NCH Management Systems Inc. Medical/nursing services Evolent Health Inc. Sept. 12 226.10 14 Molina Information Systems LLC Managed health care DXC Technology Co. Jun. 27 220.00 15 MHM Services Inc. Hospital/nursing management Centene Corp. Feb. 26 178.50 16 WordStream Inc. Packaged software Gannett Co. Inc. May 10 152.50 17 Avizia Inc. Packaged software American Well Corp.; InVenture Partners Apr. 30 150.00 18 Rodoban Segurança e Transporte de Valores Ltda. Miscellaneous commercial services The Brink's Co. Jan. 10 145.00 19 Cubic Global Defense Inc and Omega Training Group Inc Aerospace and defense Valiant Integrated Services LLC Apr. 18 138.00 20 REAN Cloud LLC Miscellaneous commercial services Hitachi Vantara Corp. Jul. 24 130.00 21 Hilton Alexandria Old Town Hotel Hotel Ashford Hospitality Trust Inc. Jun. 26 111.00 22 Gray Television Inc.'s WTOL and KWES Broadcasting TEGNA Inc. Aug. 20 105.00 23 Abilene Motor Express Inc. Trucking Knight-Swift Transportation Holdings Inc. Mar. 16 103.20 24 Intersections Inc. Miscellaneous commercial services General Catalyst LLC; Wndrco Holdings LLC; WC SACD One Inc. Oct. 31 102.55 25 Social Tables Inc. Information technology services Vista Equity Partners Management LLC; Cvent Inc. Oct.16 100.00 Bold indicates Virginia company.                Source: Harris Williams & Co. from data sourced through FactSet for deals in 2018 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/defense-contracts-2019 Defense contracts http://www.virginiabusiness.com/news/article/defense-contracts-2019 http://www.virginiabusiness.com/news/article/defense-contracts-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Rank Firm Office location1 Purpose Contracting activity Contract amount2 1 Fluor Marine Propulsion LLC Arlington Naval nuclear propulsion work at Naval Nuclear Laboratory. Naval Sea Systems Command (Washington, D.C.) $13,072,285,773 2 Huntington Ingalls Industries Inc. Pascagoula, Miss. Construction of six DDG 51 class ships. Naval Sea Systems Command (Washington, D.C.) 5,253,076,779 3 Bath Iron Works3 Bath, Maine Construction of four DDG 51 class ships. Naval Sea Systems Command (Washington, D.C.) 3,904,735,559 4 General Dynamics Mission Systems3 Taunton, Mass. Common Hardware Systems 5th Generation. Army Contracting Command (Aberdeen Proving Ground, Md.) 3,900,000,000 5 Northrop Grumman Systems Corp.4 Rolling Meadows, Ill. Large Aircraft Infrared Counter Measures (LAIRCM) equipment and support. Air Force Life Cycle Management Center (Wright-Patterson Air Force Base, Ohio) 3,600,000,000 6 Northrop Grumman Systems Corp.4 Rolling Meadows, Ill. Sustainment, modernization production and development of LITENING targeting pod. Air Force Life Cycle Management Center (Robins Air Force Base, Ga.) 1,310,000,000 7 General Dynamics Electric Boat3 Groton, Conn. Management and technical services for installation, repair and maintenance of weapons for submarines. Naval Surface Warfare Center (Philadelphia) 1,110,350,671 8 Knight Point Systems Reston Communications Capacity Services II Defense Information Technology Contracting Organization (Scott Air Force Base, Ill.) 902,000,000 9 Science Applications International Corp. Fairfield, N.J. Global Time Program integrator contract. Defense Logistics Agency Land and Maritime (Columbus, Ohio) 900,310,334 10 Huntington Ingalls Industries Inc. Newport News Management and technical services for installation, repair and maintenance of weapons for submarines. Naval Surface Warfare Center (Philadelphia) 874,341,811 11 Northrop Grumman Systems Corp.4 Chantilly Sustainment and modification of radar sensors, providing depot-level sustainment services for the Ballistic Missile Early Warning systems and PAVE Phased Array Warning systems radars. Air Force Life Cycle Management Center (Peterson Air Force Base, Colo.) 866,000,000 12 Science Applications International Corp. Reston Production and delivery of integrated command, control, communications, computers, intelligence, surveillance and reconnaissance systems. Space and Naval Warfare Systems Center Atlantic (Charleston, S.C.) 861,100,000 13 Oceaneering International Inc. Chesapeake Management and technical services for installation, repair and maintenance of weapons for submarines. Naval Surface Warfare Center (Philadelphia) 827,674,072 14 Deloitte & Touche LLP Arlington Financial improvement and audit readiness. Air Force District of Washington (Joint Base Andrews, Md.) 800,000,000 15 Orbital Sciences Corp.5 Chandler, Ariz. Development of Launch System Prototype for the Evolved Expendable Launch Vehicle program. Launch Systems Enterprise Directorate, Space and Missile Systems Center (Los Angeles Air Force Base, California) 791,601,015 16 Virginia Electric and Power Co. Richmond General Services Administration public utility contract for electric and energy management services for Hampton Roads and surrounding areas in Virginia. Naval Facilities Engineering Command Mid-Atlantic (Norfolk) 770,000,000 17 Northrop Grumman Systems Corp.4 Bethpage, N.Y. System upgrades for the EA-18G system configuration sets, Airborne Electronic Attack and Electronic Warfare systems for Australia. Naval Air Warfare Center Weapons Division (Point Mugu, Calif.) 697,029,788 18 Insight Public Sector Inc. Chantilly Provide Microsoft software licenses, software assurance and cloud offerings to the Department of Navy. Space and Naval Warfare Systems Center Pacific (San Diego) 653,210,000 19 Leidos Inc. Reston Single-point solutions for the F-16 advanced avionics intermediate shop. Air Force Sustainment Center (Hill AFB, Utah) 620,000,000 20 Range Generation Next LLC Dulles Engineering and technical services. U.S. Army Contracting Command (Redstone Arsenal, Ala.) 502,224,668 1 Location of office that was awarded contract. Does not indicate headquarters.                                     Source: U.S. Department of Defense 2 Value at time of announcement. 3 Subsidiary of Falls Church-based General Dynamics. 4 Subsidiary of Falls Church-based Northrop Grumman Corp. 5 Orbital ATK was purchased last year by Northrop Grumman. It is now known as Northrop Grumman Innovation Systems Note: Includes U.S. Department of Defense contracts from 2018 worth at least $500 million awarded to Virginia-based companies, divisions and subsidiaries of Virginia companies; and Virginia-based divisions of companies outisde Virginia. Excludes mutli-award contracts and contract modifications. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/largest-private-companies-2019 Largest private companies http://www.virginiabusiness.com/news/article/largest-private-companies-2019 http://www.virginiabusiness.com/news/article/largest-private-companies-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Company Headquarters Phone Website Top executive Employees Revenues1 1 Mars Inc.2 McLean (703) 821-4900 mars.com Grant F. Reid 100,000 $35,000,000,000 2 Bechtel Corp.2 Reston (571) 392-6300 bechtel.com Brendan Bechtel 55,000 25,900,000,000 3 Carahsoft Technology Corp. Reston (703) 871-8500 carahsoft.com Craig P. Abod 945 5,300,000,000 4 K-VA-T Food Stores Inc. Abingdon (276) 623-5100 foodcity.com Steven C. Smith 16,000 2,550,000,000 5 Estes Express Lines Richmond (804) 353-1900 estes-express.com Robey W. Estes Jr. 17,400 2,500,000,000 1 Revenues are for 2018 unless otherwise noted                 2  2017 revenues Source: Individual firms and outside publications Note: Numbers in bold came from outside publications such as Forbes and the Washington Business Journal. Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/inc.-500-companies-located-in-virginia-2019 Inc. 500 companies located in Virginia http://www.virginiabusiness.com/news/article/inc.-500-companies-located-in-virginia-2019 http://www.virginiabusiness.com/news/article/inc.-500-companies-located-in-virginia-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Rank Company City 3-yr. growth rate % Revenue 1 Industry 11 DGC Internatonal Vienna 14,476% $179.7 Government services 22 TechAnax Woodbridge 9,508 24.5 Government services 42 Ecology Mir Group Manassas 6,395 7.4 Government services 116 FedBiz IT Solutions LLC Leesburg 3,384 20.1 Government services 132 Terra Cotta Technology Chantilly 2,990 9.2 Government services 136 stackArmor Tysons 2,949 3.1 IT management 167 Stealth-ISS Group Arlington 2,573 2.7 IT management 169 Dignari Alexandria 2,551 8.4 Government services 178 Indev Arlington 2,418 8.2 Government services 183 ByteCubed Arlington 2,353 33.2 IT system development  184 Federal Strategies Fredericksburg 2,351 3.8 Government services 186 B3 Group Leesburg 2,344 24.5 Government services 191 ODL Services Virginia Beach 2,306 2.6 Government services 203 ARM Consulting Leesburg 2,230 3 Government services 217 FedWriters Fairfax 2,145 3.4 Government services 234 Interactive Government Holdings Springfield 2,032 8.7 Government services 239 Capitol Bridge Arlington 2,004 3.1 Government services 244 VividCortex Charlottesville 1,980 3.5 Software 254 Abrams Realty Virginia Beach 1,932 2.3 Real estate 275 The Author Incubator McLean 1,784 4.9 Media 283 Allied Mission Group Leesburg 1,725 4.4 IT system development  303 UrbanCore Construction Richmond 1,626 11.1 Construction 323 K2 Dental Arts Charlottesville 1,519 2.4 Health 330 All Points Broadband Leesburg 1,501 4.8 Telecommunications 355 Alpha Omega Integration McLean 1,415 16.5 Government services 376 Strategic Alliance Business Group Arlington 1,317 14.8 Government services 379 Nivid Infotech Sterling 1,302 2.8 Telecommunications 396 AgileTrailblazers Reston 1,254 4.6 IT management 407 FEDSYNC Alexandria 1,230 5.1 Government services 435 Sehlke Consulting Arlington 1,157 13.1 Government services 460 CarLotz Richmond 1,107 24.7 Retail 464 Fletcher Construction Stafford 1,095 3.5 Construction 474 SHR Consulting Group Springfield 1,065 9.3 IT system development  486 Spatial Front Springfield 1,044 16.7 Government services 489 Expedition Technology Dulles 1,040 4.4 Engineering 500 The Language Group Virginia Beach 1,014 4.6 Business products and services 1 In millions in 2017                                                                  Source: Inc. magazine 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/virginia-companies-on-the-black-enterprise-100-2019 Virginia companies on the Black Enterprise 100 http://www.virginiabusiness.com/news/article/virginia-companies-on-the-black-enterprise-100-2019 http://www.virginiabusiness.com/news/article/virginia-companies-on-the-black-enterprise-100-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Rank Company City Chief executive Industry Employees Revenue1 9 Thompson Hospitality Reston Warren M. Thompson Food and facilities management 3,000 $650 21 Salamander Hotels & Resorts Middleburg Sheila C. Johnson Hospitality 2,500 210 56 SoBran Inc. Fairfax Amos L. Otis Biomedical and environmental research support 701 56.9 61 Advanced Systems Development Inc. Alexandria Richard L. Bennett IT products and services 250 47.5 73 InScope International Inc. Reston Mike Bruce Staffing, engineering and information services solutions 111 35.4 92 Networking Technologies + Support Midlothian Bernard E. Robinson IT solutions 200 20.9 1 In millions as of Dec. 31, 2017                    Source: Black Enterprise magazine, industrial/services list 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/largest-public-companies-2019 Largest public companies http://www.virginiabusiness.com/news/article/largest-public-companies-2019 http://www.virginiabusiness.com/news/article/largest-public-companies-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Company Headquarters Phone Website CEO Net income ($000)1 Revenues ($000)1 1 Freddie Mac McLean (703) 903-2000 freddiemac.com Donald Layton $3,612,000 $73,598,000 2 General Dynamics Falls Church (703) 876-3000 gd.com Phebe Novakovic 3,345,000 36,193,000 3 Northrop Grumman Corp. Falls Church (703) 280-2900 northropgrumman.com Kathy Warden 3,229,000 30,095,000 4 Capital One McLean (703) 720-1000 capitalone.com Richard Fairbank 5,710,000 28,076,000 5 Altria Group Inc. Richmond (804) 274-2200 altria.com Howard Willard 6,963,000 25,364,000 1 Rounded totals for most recent fiscal year or trailing 12 months. Data collected Feb. 14.                          Source: Virginia Business research Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/uploads2/ALTRIA_Juul.png Altria is spending $12.8 billion to buy a 35 percent stake in Juul Labs, an e-vapor products company. AP Photo/Seth Wenig http://www.virginiabusiness.com/news/article/altria-makes-big-bets-on-vaping-cannabis Altria makes big bets on vaping, cannabis http://www.virginiabusiness.com/news/article/altria-makes-big-bets-on-vaping-cannabis http://www.virginiabusiness.com/news/article/altria-makes-big-bets-on-vaping-cannabis#When:09:00:00Z After a multibillion-dollar spending spree at the end of 2018, Howard Willard, the chairman and CEO of Henrico County-based Altria Group Inc., spent most of a January conference call telling analysts that investor worries about the tobacco giant’s headline-grabbing deals are unfounded. In fact, he said, prospects for the next five years are bright. “In summary, 2018 was a transformative year for Altria,” Willard told analysts. But if the concerns of Altria shareholders were satisfied, those of Dr. Scott Gottlieb, the commissioner of the Food and Drug Administration, apparently were not. Altria is best known as the parent company of Philip Morris USA, the maker of Marlboro, the best-selling cigarette brand in a profitable but declining industry. In early December, Altria  announced the $1.8 billion purchase of a 45 percent stake in Toronto-based Cronos Group Inc., which produces and sells medicinal marijuana products. Two weeks later, the company spent an eye-popping $12.8 billion for a 35 percent stake in Juul Labs, a Silicon Valley startup that dominates the $6.5 billion North American vaping products market. “We believe that Juul and Cronos present unique opportunities to meaningfully participate in fast-growing adjacent categories,” apart from tobacco, Willard said during the conference call. In early February, however, Gottlieb called for a meeting with Altria and Juul officials to discuss “inconsistent” statements about efforts to combat a surge in underage use of e-cigarettes, according to The Associated Press. In a letter to Willard, the FDA commissioner said he wants the companies to explain how plans to expand Juul sales to 230,000 retail locations are consistent with Altria’s pledge to address “the mounting epidemic of youth addiction to tobacco products.” Altria responded, telling the AP that it and Juul “have taken significant steps that exceed what others in the industry have done.” Altria has taken its own e-cigarettes off the market while Juul dropped many of its flavored vaping products and ended its social media promotions. Altria supports raising the legal age for buying tobacco products from 18 to 21. In February, Gov. Ralph Northam signed a bill passed by the General Assembly raising Virginia's legal age to 21. The commonwealth joins six other states that have made the change.  “[Under-age tobacco use] is an issue that we and others in the industry must continue to address aggressively and promptly,” Willard said in the January conference call. “We understand that the long-term opportunity of tobacco harm reduction is threatened by continued under-age use.” Gottlieb told the AP that his agency could take steps to further restrict e-cigarettes if underage vaping continues to soar. Nonetheless, he is reluctant to overregulate an industry that could provide safer alternatives for adult smokers. A British study published in January by the New England Journal of Medicine found that switching to e-cigarettes was more effective than nicotine patches, gums and lozenges in helping smokers quit. A majority stake? Altria’s stock declined 30 percent last year, largely because of the overall selloff on Wall Street but also because many investors were surprised by the $14.6 billion in e-vapor and cannabis investments. Some Altria shareholders were concerned about any impact the deals might have on its long record of paying attractive dividends. In the conference call, however, Willard said the investments will help the company deliver long-term shareholder value through earnings growth and dividends. “Altria enters 2019 with an evolved business platform that includes our strong, core tobacco businesses with new strategic investments with tremendous potential for growth,” he said. To help pay for the deals, Altria is eliminating 900 salaried positions nationwide as it reduces costs by $575 million. The job reduction represents just over 10 percent of its workforce of 8,300 employees. Altria retains the option to buy an additional 10 percent share of Cronos within the next four years for another $1 billion. That raises the possibility that a Virginia-based tobacco company whose roots go back to the early 19th century soon could own a majority stake in a cutting-edge cannabis products company. Last May, Martin J. Barrington, Altria’s former chairman and CEO, indicated that cannabis and its derivatives were not something the company wanted to sell. In his final appearance before shareholders at the company’s annual meeting in Richmond, Barrington said,  “As long as it is illegal, it is not a category we are interested in.” Recreational use of marijuana became legal in Canada in October.  However, the personal, recreational use of marijuana — because of the presence of tetrahydrocannabinol (THC), a powerful psychoactive substance of the cannabis plant — remains illegal in the U.S. under Schedule 1 of the 1970 Controlled Substances Act. Yet, full enforcement of that provision of the law by the Drug Enforcement Agency, the U.S. Department of Justice and local police departments has been inconsistent since the law was passed. Meanwhile, the FDA has ap­­proved for widespread sale a single cannabis-oil product derived from the marijuana plant, Epidiolex. It contains much more of cannabidiol, or CBD, the non-psychoactive substance of the marijuana plant, and relative trace amounts of THC. Still, while CBD oil made from non-marijuana hemp plants are widely available for a variety of remedies for pain, insomnia and other problems, the FDA has warned that it may crack down on companies that make unproven health claims. At last count almost three dozen U.S. states, the District of Columbia, Guam and Puerto Rico permit medical sales of cannabis derivatives with a doctor’s recommendation. Virginia recently approved the limited sale of CBD oil with a low level of THC, but only with a doctor’s recommendation. Full recreational use of marijuana and related products, containing various levels of THC, is permitted in 10 U.S. states, the District of Columbia and the Northern Mariana Islands. Simple possession of small amounts for personal use has been decriminalized in 13 other states and the U.S. Virgin Islands. The online Marijuana Business Daily has estimated that annual U.S. marijuana sales — both medical and recreational — will almost quadruple to more than $20 billion by 2022 from roughly $6 billion in 2017. Looking even further ahead, Altria told analysts in January that by 2028 the annual worldwide market for marijuana and its many derivative products could total from $40 billion to $250 billion, depending on the number of countries where it eventually becomes fully legal to use, like alcohol or tobacco is today. Another reboot Even as worldwide sales for cigarettes remain sky-high compared with many other consumer products, Altria and Willard predict global demand for cigarettes will continue its steady decline. The company now forecasts that global cigarette consumption will fall an average of 4 to 5 percent annually through 2023, after dropping by 4 percent in 2017 and 4.5 percent last year. As a result, Altria is taking yet another stab at diversifying its product portfolio to lessen its dependence on tobacco. In the late 1980s, the company’s corporate predecessor, Philip Morris Inc., bought Kraft Foods to broaden its product offerings. After failing to meet the parent company’s profit expectations, Kraft was spun off in 2007. That same year, Altria bought pipe tobacco and cigar producer John Middleton.  In 2009, the company bought United States Tobacco Co. — the maker of popular smokeless tobacco brands Skoal and Copenhagen — and the owner of Pacific Northwest-based wine maker Chateau Ste. Michelle Estates. Along with Philip Morris USA, the company’s combustible tobacco cigarette division and by far its most important business unit, all three companies remain part of Altria. Last year, the company said shipments of products in all three categories — smokable, smokeless and wine — dropped from 2017. Net revenue from operations rose only in the smokeless category, by 5 percent. It dropped by 1.5 percent for its smokable products and by 1 percent for wine. In his conference call, Willard focused on the company’s investment in Juul, touting not only its growth but also the prospects of the global e-vapor marketplace. Citing company data, Willard expects the steady decline in demand for traditional cigarettes to be offset by a steady 15 to 20 percent annual increase in global consumption of e-vapor products through at least 2023. Altria says the U.S. domestic e-vapor industry grew by 35 percent last year, and worldwide sales totaled $23 billion last year. About $17 billion is spent on vaping products outside the United States. Several weeks before announcing its minority stake in Juul, Altria scrapped its own early experiments in e-vapor products — MarkTen and Green Smoke — along with its line of Verve nicotine lozenges and chewables. “We remain committed to being the leader in providing adult smokers innovative alternative products that reduce risk, including e-vapor,” Willard said at the time. “We do not see a path to leadership with these particular products and believe that now is the time to refocus our resources.” Altria introduced MarkTen in 2013 in U.S. test markets and purchased Green Smoke in 2014 for $110 million. Verve’s low-nicotine chewables were first tested in 2012 and were considered an important component of the company’s small portfolio of smokeless, modified-risk products as recently as last spring. Paired with Juul’s e-vapor technology, product innovation and marketing buzz, Altria’s expertise in retailing and distribution will enable the startup to sustain its dramatic growth, especially in international markets, Willard said in January. The Altria CEO said that Juul, a pri­vately owned company, had net revenues of more than $1 billion last year, up from about $200 million in 2017. Altria officials predict that by 2023, with its expertise in merchandising and global operations, Juul’s income from international sales will match that of its domestic operations. Cronos and cannabis Willard said the company’s pending 45 percent stake in Cronos “will create a new growth opportunity in an adjacent category poised for rapid growth. It complements our strong core tobacco businesses and expands our income opportunity beyond the U.S.” Similar to its plans for Juul, Willard says Altria will be able to contribute its many years of accumulated expertise in manufacturing, sales, merchandising and marketing of tobacco products to help Cronos become a market leader in the development of cannabis products. “We believe the growth opportunities [in the cannabis marketplace] are significant and will extend across the globe as cannabis markets open. Selecting the right partner in this category was critical, and we’ve done just that. Cronos’ strong management team has built unique capabilities to compete globally across the medicinal, recreational and nutraceutical categories,” Willard said. (Nutraceutical products are defined as food products that may deliver health and medical benefits in addition to their basic nutritional value. They are not regulated by the FDA as rigorously as prescription medications.) The U.S. companies that have preceded Altria into the market already have indicated how they may want to use cannabis derivatives to enhance their existing product lines. Constellation Brands, the owner of the Modelo and Corona beers in addition to wine and distilled spirits brands, paid $4 billion last year for a minority stake in Canada’s largest cannabis company, Canopy Growth Corp. The first goal, according to Constellation, is to sell more medicinal marijuana products in the 30 nations that currently permit it and then expand “to supply new recreational adult-use markets as cannabis becomes legal in markets around the world.” Last August, the Canadian subsidiary of U.S. brewing giant Molson Coors entered into an agreement with Canada’s HEXO Corp. to create a line of nonalcoholic, cannabis infused beer. Altria is a minority shareholder in Belgium-based Anheuser-Busch Inbev, one of the largest beer makers in the world. In December the beer company announced that its Labatt’s subsidiary will partner with Tilray, a leading Canadian cannabis products company, to develop nonalcoholic beers infused with THC and CBD. Financial writer Keith Speights, in a February story published by The Motley Fool website, said that new cannabis products could impact a number of industries and consumer categories. “There are multiple huge industries that cannabis could disrupt, from beverages to consumer wellness products to veterinary products. With Altria at its side, Cronos should have the resources needed to compete in any or all of these markets over time,” he wrote. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/general-contractors-2019 General contractors http://www.virginiabusiness.com/news/article/general-contractors-2019 http://www.virginiabusiness.com/news/article/general-contractors-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Rank Firm Main Va. location Phone Website Top Virginia executive Total revenues1 2018 Billings in Va.1 1 The Whiting-Turner Contracting Co. Herndon (703) 817-0300 whiting-turner.com K.C. Haile $8,700,000,000 $925,000,000 2 HITT Contracting Inc. Falls Church (703) 846-9000 hitt.com Kim Roy 1,971,124,182 891,681,106 3 Gilbane Building Co. Arlington (703) 312-7240 gilbaneco.com Emre Ozcan; Matthew Sarver 5,800,000,000 516,477,000 4 W.M. Jordan Co. Newport News (757) 596-6341 wmjordan.com Ronald J. Lauster Jr. 454,107,399 394,979,225 5 The Branch Group Inc.2 Roanoke (540) 982-1678 branchgroup.com; branchcivil.com; branch-associates.com; gjhopkins.com; lalacy.com J. William Karbach 391,716,900 293,603,244 1 For 2018 Source: Individual firms 2 Includes revenues for Branch subsidiaries E.V. Williams Inc., Branch and Associates, Branch Highways and GJ Hopkins. Note: Includes general contractors with a major presence in Va. Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/architectural-and-engineering-firms-2019 Architectural and engineering firms http://www.virginiabusiness.com/news/article/architectural-and-engineering-firms-2019 http://www.virginiabusiness.com/news/article/architectural-and-engineering-firms-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Firm Main Va. location Phone Website Top Va. executive No. Va. employees Total revenues1 Billings in Va.1 1 AECOM Arlington (703) 682-4900 aecom.com Daniel Faust 4,065 $20,156,000,000 $237,360,000 2 EMCOR Group Inc. Arlington (866) 890-7794 emcorgroup.com Michael Rodgers 1,280 7,686,999,000 207,171,000 3 Dewberry Fairfax (703) 849-0100 dewberry.com Donald E. Stone Jr. 849 444,556,529 70,349,107 4 Timmons Group Richmond (804) 200-6500 timmons.com Brian Bortell 397 86,354,699 68,497,164 5 ECS Mid-Atlantic LLC Chantilly (703) 471-8400 ecslimited.com Henry L. Lucas; Leo J. Titus 515 223,549,878 67,333,057 1 For 2018                                     Note:  Includes architectural and engineering firms with a major presence in Virginia.                                     Source: Individual firms. Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/commercial-real-estate-firms-2019 Commercial real estate firms http://www.virginiabusiness.com/news/article/commercial-real-estate-firms-2019 http://www.virginiabusiness.com/news/article/commercial-real-estate-firms-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Company Main Va. Location Website Top Va. executive 2018 Value of transactions1 No. Agents Managed square feet2 Leasable square feet2 1 Cushman & Wakefield | Thalhimer3 Glen Allen thalhimer.com Lee Warfield $3,722,513,348 135 46,887,625 75,622,969 2 JLL Tysons https://www.us.jll.com/en/locations/mid-atlantic Multiple 3,133,976,101 72 10,140,855 46,810,704 3 Colliers International4 Richmond colliers.com J. Scott Adams; David Parker 1,806,668,051 100 25,235,859 34,458,494 4 CBRE5 McLean cbre.us Bradley C. Flickinger; Kyle Schoppmann 5,027,988,415 54 9,740,000 26,800,000 5 S.L. Nusbaum Realty Norfolk slnusbaum.com Miles B. Leon 162,805,666 55 19,197,041 23,091,114 1  2018 value of lease and sales transactions                                                                   WND: Would not disclose Source: Individual firms 2  In Virginia 3  Includes 54,681,270 leasable square feet, 27,190,829 managed square feet, 89 agents and $1.16 billion in sales and lease transations from Cushman & Wakefield|Thalhimer affiliate. 4  Colliers purchased a majority interest in the brokerage formerly operating as CB Richard Ellis under the CBRE brand. Numbers reflect current operating arrangements, including 2018 transactions conducted under the CBRE brand. Full list available for purchase here. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/a-sampling-of-some-of-virginias-major-road-projects-2019 A sampling of some of Virginia’s major road projects http://www.virginiabusiness.com/news/article/a-sampling-of-some-of-virginias-major-road-projects-2019 http://www.virginiabusiness.com/news/article/a-sampling-of-some-of-virginias-major-road-projects-2019#When:09:00:00Z HAMPTON ROADS I-64 High-Rise Bridge and road widening The I-64 Southside Widening and High-Rise Bridge project is valued at $409.8 million, making it the largest design-build contract in the Virginia Department of Transportation’s history. The contractor on the project is a joint venture involving three companies called Granite-Parsons-Corman. The project will widen nearly nine miles of Interstate 64 in Chesapeake and construct a new high-rise bridge over the Elizabeth River. The first phase of the project is slated to be completed in July 2021. Once the project is finished, the existing bridge will carry only I-64 East traffic. The new bridge will carry I-64 West traffic toward Virginia Beach. The project is being paid for with a combination of funds from the Hampton Roads Transportation Accountability Commission and the state’s SMART SCALE program. NORTHERN VIRGINIA I-66 outside the Beltway Work continues on this public/private project for a 22.5-mile stretch of I-66 from I-495 to near Route 29 in Gainesville. Under a 50-year agreement with Virginia, I-66 Express Mobility Partners is required to pay $800 million for transit service in the corridor and $350 million for other projects to improve the I-66 corridor. I-66 Express Mobility Partners is a consortium of Cintra, Meridiam Infrastructure, John Laing Group Plc and APG. The design-build contractor for the project is FAM Construction, a joint venture of Ferrovial Agroman US and Allan Meyers. I-66 Express Mobility Partners awarded Virginia with a $579 million concession payment, which includes $500 million to fund additional corridor improvements. The groundbreaking for the project was in November 2017. New express lanes are scheduled to open in late 2022. RICHMOND REGION I-64 widening in Henrico and New Kent counties The purpose of this $54 million project is to improve safety and traffic flow as well as increase vehicle capacity. Corman-Branch, a joint venture, is the contractor. Construction began in 2017 and is scheduled to be completed in 2019.  Plans call for the widening of a four-mile section of I-64 in Henrico and New Kent counties. The project will extend between the Interstate 295 interchange located at mile marker 200 and the Bottoms Bridge/Quinton interchange at mile marker 205. The existing bridge over the Chickahominy River will also be widened. 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/uploads2/FergusonBldg-1523VaBus.png Ferguson Enterprises is building a headquarters building in Newport News. Photo by Mark Rhodes http://www.virginiabusiness.com/news/article/in-the-works In the works http://www.virginiabusiness.com/news/article/in-the-works http://www.virginiabusiness.com/news/article/in-the-works#When:09:00:00Z Construction companies have been busy transforming Virginia’s skylines.  Late last year, Capital One opened a 31-story tower at its Tysons headquarters. The structure is the tallest office building in the Washington, D.C., area. Partners on that project included general contractor Davis/Gilford Construction and architects Bonstra Haresign Architects and HKS Inc. The building is part of a bigger expansion taking place at Capital One’s headquarters. The project includes a hotel, a Wegmans grocery store and another office building, which will house roughly 3,200 employees.   A five-story office building in Charlottesville won’t house as many employees, but it still is a welcome addition to the city’s downtown where more office space is needed. Charlotte, N.C.-based Insite Properties is developing the 120,000-square-foot structure, estimated to be finished next year. Additional partners include Atlanta-based Batson-Cook Construction and BB+M Architecture in Charlotte. The project is expected to cost up to $50 million.  In Hampton Roads, work continues on Ferguson Enterprises Inc.’s third headquarters building in Newport News. The eight-story building is located at City Center at Oyster Point, a district that includes residential, retail and business space. Ferguson, the largest plumbing wholesaler in the U.S., is spending $86 million on the project. Construction also is underway at Summit Pointe, a $300 million development in Chesapeake. Summit Pointe houses Dollar Tree’s new headquarters tower, completed last October. The project also will include a six-story building with office space and a restaurant. Another structure will house 133 apartments, a restaurant and retail space. Those buildings should be finished early next year. The following pages outline major players in Virginia’s construction and development industry. The information includes a list of architecture and engineering firms, commercial real estate companies and general contractors. The Whiting-Turner Contracting Co., for example, logged $925 million worth of work in Virginia last year. The company’s based in Baltimore but has offices in Herndon, Norfolk and Richmond. Whiting-Turner’s current projects include the expansion of Capital One’s headquarters in Tysons and the construction of the new American Civil War Museum building in Richmond. Construction & development charts General contractors Architectural and engineering firms Commercial real estate firms A sampling of some of Virginia’s major road projects 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/top-15-projects-by-projected-employment-2019 Top 15 projects by projected employment http://www.virginiabusiness.com/news/article/top-15-projects-by-projected-employment-2019 http://www.virginiabusiness.com/news/article/top-15-projects-by-projected-employment-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Company Location Business Type Investment (millions) Employment Amazon Inc. Arlington County Headquarters N $2,500.00 25,000 Newport News Shipbuilding (HII) Newport News Shipbuilding and repair E 8.75 2,000 Micron Technology Inc. Manassas Semiconductor manufacturer E 3,000.00 1,100 Appian Corp. Fairfax County Business process management software suites provider E 28.40 600 1901 Group Montgomery County Managed IT services provider E 3.00 580 KPMG LLC Fairfax County Audit, tax and advisory services E 31.43 521 PRA Group Inc. Danville Call center for debt recovery E 15.10 500 Accenture1,2 Arlington County Management consulting, IT and systems integration, business process outsourcing E 1.64 500 OneWeb LLC Fairfax County Satellite design company E 20.00 350 Monogram Snacks LLC Henry County Meat snacks E 30.00 300 Rosendin Electric1 Loudoun County Electrical contractors E 6.50 300 MicroStrategy Inc. Fairfax County Software provider E 6.00 300 Tegra Global1 Norfolk Apparel manufacturer and supply chain provider E 4.00 300 Discovery Inc. Loudoun County American media company E 16.00 240 Target Corp. Suffolk Distribution center E 2.80 225 1 Indicates non Virginia Economic Development Partnership-assisted project.              2 Indicates foreign affiliation       N: new projects; E: expansion Note: Projected employment at time of announcement. Includes only publicly announced projects in 2018. Source: Virginia Economic Development Partnership 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/top-15-projects-by-investment-2019 Top 15 projects by investment http://www.virginiabusiness.com/news/article/top-15-projects-by-investment-2019 http://www.virginiabusiness.com/news/article/top-15-projects-by-investment-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Company Location Business Type Employment Investment (millions) Micron Technology Inc. Manassas Semiconductor manufacturer E 1,100 $3,000.00 Amazon Inc. Arlington County Headquarters N 25,000 2,500.00 Facebook1 Henrico County Data center for social media company E 200 750.00 Cascades Inc.2 Hanover County Produces, converts and markets packaging and tissue products composed mainly of recycled fibers N 140 275.01 WestRock Covington Corrugated container manufacturing E 0 248.40 U.S. Customs and Border Protection1 Loudoun County IT office expansion E 0 179.00 Bcause LLC Virginia Beach Data mining and digital currency E 100 100.00 PointOne1,2 Virginia Beach Real estate data center N 60 80.00 Enviva LP Southampton County Manufactures wood pellets E 0 75.00 Assured Communications Advisors International1 Virginia Beach Headquarters: Tier III data center N 30 52.00 Service Center Metals Prince George County Aluminum extruded product for sale to the wholesale market through metal distributors E 58 45.24 Liebherr USA1,2 Newport News Manufactures construction machinery E 0 45.00 Press Glass2 Henry County Industrial flat glass manufacturing N 212 43.55 InterChange Cold Storage LLC Rockingham County Third party logistics and warehousing E 88 41.60 Packaging Corporation of America Harrisonburg Corrugated packaging manufacturer E 0 35.30 1 Indicates non Virginia Economic Development Partnership-assisted project               2 Indicates foreign affiliation                  E: expansion; N: new project Note: Projected employment at time of announcement. Includes only publicly announced projects in 2018. Source: Virginia Economic Development Partnership   2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/port-stats-2019 Port stats http://www.virginiabusiness.com/news/article/port-stats-2019 http://www.virginiabusiness.com/news/article/port-stats-2019#When:09:00:00Z Top 10 commodities by value table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Exports1   Imports1   1 Nuclear, reactors, boilers machinery $3,572 Nuclear, reactors, boilers machinery $9,830 2 Pharmaceutical products 2,066 Electrical machinery 3,937 3 Plastics 1,845 Vehicles, not railway 2,976 4 Vehicles, not railway 1,819 Furniture and bedding 2,718 5 Organic chemicals 1,187 Pharmaceutical products 2,548 6 Wood 1,105 Plastics 2,057 7 Miscellaneous grain, seed, fruit 1,011 Toys, games, sports equipment 1,402 8 Electrical machinery 961 Organic chemicals 1,289 9 Miscellaneous chemical products 928 Beverages, spirits and vinegar 1,270 10 Tobacco 829 Iron or steel 1,160 1 In millions of U.S. dollars for 2017 at the Port of Virginia. Sources:  U.S. Department of Commerce; Census Bureau; Virginia Maritime Association; Port of Virginia   Top 10 commodities by short tons table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Exports1   Imports1   1 Mineral fuel, oil, etc. 35,518 Nuclear reactors, boilers, machinery 964 2 Miscellaneous grain, seed, fruit 3,174 Salt; sulfur; earth; stone 869 3 Wood 2,744 Furniture and bedding 775 4 Woodpulp, etc. 1,734 Beverages, spirits and vinegar 680 5 Food waste; animal feed 1,622 Vehicles, not railway 633 6 Plastics 590 Plastics 488 7 Cereals 454 Stone, plaster, cement 478 8 Paper and paperboard 415 Mineral fuel, oil, etc. 463 9 Fertilizers 382 Electrical machinery 432 10 Organic chemicals 310 Iron and steel 431 1 In thousands of short tons for 2017 at the Port of Virginia. A short ton equals 2,000 pounds. Source: U.S. Department of Commerce, U.S. Census Bureau, Virginia Maritime Association, Virginia Port Authority   Top 10 trading partners by value table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Exports1   Imports1   1 China $3,065 China $11,193 2 Brazil 2,212 Germany 6,189 3 Belgium 1,947 India 2,845 4 United Kingdom 1,542 Italy 2,432 5 Germany 1,510 Japan 2,124 6 Netherlands 1,330 Malaysia 1,556 7 Japan 1,020 France 1,555 8 India 816 Vietnam 1,491 9 Spain 781 Brazil 1,434 10 Austria 685 United Kingdom 1,262 1 In millions of U.S. dollars for 2017 at the Port of Virginia. Source: U.S. Department of Commerce; Census Bureau; Virginia Maritime Association; Port of Virginia   Top 10 trading partners by total cargo table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Exports1   Imports1   1 China 5,505 China 2,774 2 Brazil 4,816 Germany 1,138 3 India 3,978 India 815 4 Italy 2,996 Brazil 730 5 United Kingdom 2,764 Italy 529 6 Ukraine 2,644 Vietnam 386 7 Netherlands 2,568 France 372 8 Morocco 2,278 Turkey 358 9 Japan 2,223 Spain 316 10 Turkey 1,976 Netherlands 236 1 In thousands of short tons for 2017 at the Port of Virginia. A short ton is equal to 2,000 pounds. Sources: U.S. Department of Commerce, U.S. Census Bureau, Virginia Maritime Association, Virginia Port Authority   Top 10 U.S. East Coast container ports table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B0F0F; color: #FFF; font-weight: bold; }   Port TEUs1 Market share 1 New York/New Jersey 6,710,817 32.3% 2 Savannah, Ga. 4,046,216 19.5 3 Virginia 2,841,020 13.7 4 Charleston, S.C. 2,177,557 10.5 5 Jacksonville, Fla. 1,107,551 5.3 6 Port Everglades, Fla. 1,068,335 5.1 7 Miami 1,047,304 5.0 8 Baltimore 962,484 4.6 9 Philadelphia 545,408 2.6 10 Wilmington, N.C. 259,819 1.3 1 TEU: 20-foot equivalent unit Source: U.S. Department of Commerce; Census Bureau; Virginia Maritime Association; American Association of Port Authorities   Total cargo by trade lane table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; }   Exports1 Imports1 Africa $1,854 $509 Asia, Northeast 5,300 14,542 Asia, Southeast 1,932 5,158 Caribbean 233 70 Central America 258 176 Europe, North 9,534 14,966 India & others 1,314 3,265 Mediterranean 1,808 4,663 Middle East 1,629 524 North America 18 27 Oceania 268 63 South America 2,850 2,061 1 Total cargo in millions of dollars at the Port of Virginia in 2017. Source: U.S. Department of Commerce; Census Bureau; Virginia Maritime Association; Port of Virginia 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/virginias-rankings-2019 Virginia’s rankings http://www.virginiabusiness.com/news/article/virginias-rankings-2019 http://www.virginiabusiness.com/news/article/virginias-rankings-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Rank   #1 Regulatory environment, Forbes (2018) #1 Quality of life, Forbes (2018) #2 Cybersecurity job leader, Business Facilities (2018) #3 Workforce, CNBC (2018) #4 Best State for Business, Forbes (2018) #4 Top State for Business, CNBC (2018) #5 Best Business Climate, Business Facilities (2018) #6 Most Educated States, WalletHub (2019) #7 Top State Business Climate, Site Selection (2018) #13 Economy, CNBC (2018) Based on most recent rankings available 2019-03-01T09:00:00+00:00 http://www.virginiabusiness.com/news/article/top-10-sectors-by-employment-2019 Top 10 sectors by employment http://www.virginiabusiness.com/news/article/top-10-sectors-by-employment-2019 http://www.virginiabusiness.com/news/article/top-10-sectors-by-employment-2019#When:09:00:00Z table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #8B1010; color: #FFF; font-weight: bold; } Sector New jobs Management of companies and enterprises 25,428 Management, scientific and technical consulting services 2,588 Ship and boat building 2,080 Software publishers 1,182 Computer systems design and related services 1,180 Semiconductor and other electronic component manufacturing 1,112 Other information services 960 Business support services 905 Plastics product manufacturing 533 Veneer, plywood and engineered wood product manufacturing 376 Source: Virginia Economic Development Partnership, 2018 2019-03-01T09:00:00+00:00