Hotel revenue still up, but shows signs of softening
Boost expected when per diem rates increase Oct. 1
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Virginia’s hotel industry revenues remain above pre-pandemic levels but are beginning to show a softening. That’s according to a report from Old Dominion University’s Dragas Center for Economic Analysis and
Lyon Shipyard to expand, adding 134 jobs
Ship repair facility in Norfolk spending $8.5M
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Lyon Shipyard, a 95-year-old family-owned ship repair facility in Norfolk, will spend $8.5 million to expand its operations and add an estimated 134 jobs, Gov. Glenn Youngkin announced Wednesday. The
Dominion pitches state on $70M battery storage pilot
Cites need for alternatives to in-demand lithium-ion options
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Dominion Energy Virginia is asking the state to allow it to test two technologies that it says could lengthen the time its batteries can electrify the grid from an average
Va. trade office opens in Taiwan
Virginia-Taiwan Trade Office announced in April
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Virginia has opened its trade office in Taiwan. Announced in April, the office is Virginia’s fourth international trade office and follows Youngkin’s meeting with Taiwan’s president, Tsai Ing-wen, during the
44 Va. schools make U.S. News and World Report’s 2024 list
University of Virginia tops Virginia schools
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Forty-four Virginia schools ranked on the U.S. News and World Report’s 2024 best lists of more than 600 universities and liberal arts colleges in the country, released Monday. The University
U.Va. receives $50M gift from Breeden Co. founder
Alum Ramon W. Breeden Jr.'s gift to be split between biz ed, athletics
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Ramon W. Breeden Jr., founder and chair of Virginia Beach-based developer The Breeden Co., has given $50 million to his alma mater, the University of Virginia, to support business education
GDIT names new chief growth officer
Paul Tartaglione joins from Booz Allen Hamilton
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Falls Church-based General Dynamics Information Technology has named Paul Tartaglione as its new chief growth officer, the company, a subsidiary of Fortune 500 contractor General Dynamics, announced Monday. Tartaglione started
German yeast upcycler building plant in Rockingham
First U.S. plant for German-based Leiber to add 35 jobs
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Leiber, a German manufacturer that processes brewers’ yeast into animal food, biotechnology and supplements, will invest as much as $20 million to establish its first U.S. operation in Rockingham County’s
Estes trucking subsidiary to buy Minn. supply chain co.
EFW expects revenues of $850M this year
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Estes Forwarding Worldwide, a wholly owned subsidiary of Richmond-based Estes Express Lines, plans to acquire Superior Brokerage Services, a Minneapolis-based, single-sourced supply chain company specializing in domestic and international transportation,
NoVa home prices increase, Hampton Roads sees inventory boost
Prices remained high in August
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Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia