Raytheon moving global HQ to Arlington
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Raytheon Technologies Corp. announced June 7 that it will relocate its global headquarters from Massachusetts to Arlington in the third quarter of this year, a move that will make four of the top five U.S.-based aerospace and defense contractors headquartered in Virginia. Raytheon is the second-largest defense company in the world, just below Bethesda, Maryland-based
FOR THE RECORD
July 2022
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Central Virginia The state’s fiscal 2023-24 budget, approved June 1, contains funding that will benefit future redevelopment of the Central Virginia Training Center site in Madison Heights. Republican Sen. Steve Newman requested $25 million in state money to annul outstanding bonds associated with CVTC, a former state facility for people with intellectual disabilities that closed
Virginiabusiness.com Top Five July 2022
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The top trending major business stories on VirginiaBusiness.com from May 13 to June 14 were led by the news that one of the three Frank Lloyd Wright-designed homes in Virginia was put on the market. 1 | Virginia Beach’s Frank Lloyd Wright house listed for sale Completed in 1959, the 3,020-square-foot, semicircular home on Crystal
Top Five stories, June 2022
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The top trending major business stories on VirginiaBusiness.com from April 15 to May 14 were led by news of the merger of Roanoke-based Woods Rogers PLC and Norfolk-based Vandeventer Black LLP. 1 | Woods Rogers, Vandeventer Black law firms to merge July 1 Woods Rogers Vandeventer Black will be the state’s fifth-largest firm, with a
FOR THE RECORD JUNE 2022
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CENTRAL Richmond-based Dominion Energy Inc. asked the State Corporation Commission for permission in early May to increase Virginia residential customer bills by about $9 a month to account for rising fuel prices. According to federal data, Virginia already has high electric bills. Dominion cited dramatic increases in fuel prices stemming from the pandemic, inflation and
The 50 largest Virginia charities
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See the largest donations given to Virginia nonprofits by statewide individual donors, foundations and corporations.
Generous Virginians: Donations by individuals and foundations
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See Virginia’s 50 largest charities.
Port of Virginia
Details about the economic engine
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In fiscal 2021, the Port of Virginia set cargo records, generating more than $100.1 billion in ancillary economic impact, according to a report from William & Mary’s Raymond A. Mason School of Business in conjunction with Glen Allen-based Mangum Economics. The six-terminal system generated 436,667 jobs, $47.4 billion in Virginia gross state product, $27.2 billion
Out & About May 2022
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Executive insights
Maritime, logistics leaders offer views on business
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Leaders from Virginia’s maritime and logistics industries share their thoughts about where their sectors stand amid labor shortages, growing cargo volumes and the pandemic’s lingering impacts. Devon C. Anders President, InterChange Group Inc.; Chair, Virginia Maritime Association Valley Logistics Chapter Harrisonburg VB: How is your company hiring and retaining staff? Anders: We have intensified through