Central Virginia
Capital Region Small Business Development Center opens in Richmond area
Will assist business owners around region
Published
Now part of the state’s Small Business Development Center (SBDC) network, the Capital Region SBDC opened this month to assist Richmond-area small business owners, Virginia Community Capital announced Monday. Funded by the U.S. Small Business Administration with $192,000 in CARES Act money, plus matching grant funds from regional sources, the center will provide COVID-19 assistance,
Long-delayed Genworth acquisition postponed again
Acquisition by China-based Oceanwide Holdings Group delayed until Dec. 31
Published
Henrico-based Genworth Financial Inc. and China-based Oceanwide Holdings Group Co. Ltd. announced on Monday that Oceanside’s long-delayed $2.7 billion acquisition of Genworth has been reapproved by China’s National Development and Reform Commission, and the acquisition has been postponed until the end of December. With the Chinese government’s reapproval, Oceanwide will now move forward on the
Richmond office/retail building sells for $2.1M
Will be converted to event center
Published
A 9,492-square-foot building in Richmond has sold for $2,125,000, Cushman & Wakefield | Thalhimer announced Monday. Across West Broad Street from the Scott’s Addition neighborhood, the office/retail property at 3013-3015 Cutshaw Ave., purchased by 3001 Cutshaw LLC from 3015 Cutshaw Ave LLC, will be converted to an event center by Mosaic. Connie Jordan Nielsen of
Midlothian office building sells for $1.1M
Building 90% occupied with 10 tenants
Published
An office building in Chesterfield County’s Midlothian area has sold for $1.1 million, S.L. Nusbaum Realty Co. announced last week. Located at 1700 Huguenot Road, the 11,830-square-foot office building is 90% occupied by 10 tenants, including a home remodeling company, an attorney’s office and an insurance agent, as well as counselors and consultants. Tenants include:
Eastern Virginia
TCC names vice president of institutional advancement
Stan Turbeville most recently worked for James Sprunt Community College in N.C.
Published
Tidewater Community College in Norfolk has named Stan Turbeville as its vice president of institutional advancement. Turbeville brings 25 years of leadership experience to the post, including serving as vice president for college advancement for James Sprunt Community College in Kenansville, North Carolina, and working as director of marketing and public information for Guilford Technical
2020 Legal Elite — Young Lawyer Profile
Michael D. Pierce, Vandeventer Black LLP, Norfolk
Published
Title: Labor and employment associate Other legal specialties: Commercial and civil litigation, professional liability defense Education: Bachelor’s degree, Christopher Newport University; law degree, Regent University Spouse: Teneisha C. Pierce Children: Micah E. Sharp-Pierce; David L. Pierce; Arianna C.A. Pierce; Ian A. Pierce; and Jaxon I.A. Pierce First job as a lawyer: Judicial law clerk for
Governor’s Inn in Williamsburg sells for $3.05M
Built in 1964, hotel closed permanently in 2019
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The Governor’s Inn, a former 200-room hotel in Colonial Williamsburg, sold for $3.05 million, Cushman & Wakefield | Thalhimer announced last week. Charlottesville-based real estate investment company Castle Development Partners LLC purchased the property from The Colonial Williamsburg Foundation and plans to raze the property and redevelop it into a 162-unit apartment community. Built in
Chesapeake industrial office building sells for $1.95M
195K-square-foot property sells
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An industrial office building in Chesapeake sold for $1.95 million, Cushman & Wakefield | Thalhimer announced last week. Located at 1017 Wallboard Drive, the 19,500-square-foot office building was vacant at the time of the sale. The property was purchased by Wallboard LLC, a drywall company, from Seahawk Properties LLC, which it will use it as
Northern Virginia
General Dynamics books $241M CMS cloud implementation support order
Task order will support the implementation of a multicloud computing environment
Published
Reston-based General Dynamics Corp.’s information technology business has secured a potential four-year, $241 million task order to help the Centers for Medicare and Medicaid Services implement a multicloud computing environment. The cloud products and tool award, which has a one-year base period plus three one-year options, covers the procurement of instances from multiple service providers,
Northrop Grumman lands potential $4.8B Air Force drone modernization
Contract to run through 2030
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Northrop Grumman Corp. has received a potential $4.8 billion contract to update, refurbish and sustain the U.S. Air Force’s fleet of RQ-4 Global Hawk unmanned aerial systems. The indefinite-delivery/indefinite-quantity contract for the Falls Church-based company includes task orders for specific UAS modernization services in line with the Air Force’s Global Hawk program, the Department of
McLean-based technical consulting firm names VP of DOJ business sector
Latarshia Crawford-Jones named VP at Steampunk
Published
Latarshia Crawford-Jones has been appointed vice president of Department of Justice business at Steampunk, a McLean-based technical consulting firm. Crawford-Jones’ career spans more than two decades in the public and private sectors, including service in the U.S. Navy, the FBI, Science Applications International Corp., Northrop Grumman Corp. and Information Innovators Inc. Crawford-Jones established and led
War and peace
2020 Virginia Business Person of the Year: Phebe Novakovic leads world’s third-largest defense contractor
Published
Like a lot of bosses in spring and summer 2020, Phebe Novakovic confronted challenges from the COVID-19 pandemic. It threatened lives and economies. Managers weren’t sure when some customers would be able to pay their bills. Employees were anxious; clients were understandably skittish. With travel shutting down, in-person sales demonstrations were curtailed. But unlike most
Roanoke/New River Valley
The Branch Group names new CEO
Don Graul from Parsons Corp. will lead Roanoke-based construction company
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The Branch Group Inc. announced Monday that Donald “Don” Graul will take over as CEO of the Roanoke-based construction company on Dec. 14. With 38 years of industry experience, Graul most recently served as president of construction and connected communities for Centreville-based Parsons Corp. Graul held several roles at Parsons, including executive vice president of
Va. Tech ups connectivity with broadband block buy
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In an effort to literally expand Virginia Tech’s research bandwidth, the Virginia Tech Foundation bought eight blocks of Citizens Broadband Radio Service (CBRS) in the Federal Communications Commission’s auction this summer. As owner of priority access licenses (PALs) for four 10MHz blocks in Montgomery County and four blocks in Craig County, the university will likely
Appalachian Power denied rate increase by SCC
Customers are not due refunds
Published
A rate increase sought by Appalachian Power Co. has been denied by the State Corporation Commission. According to a statement issued by the SCC on Tuesday, Appalachian Power was seeking to increase rates by approximately $10 per month for a typical residential customer using 1,000 kilowatt hours of electricity. Appalachian Power earned profits that were
Northam announces ‘Dopesick’ to film in Virginia
Michael Keaton will star in Hulu series based on book by Roanoke author Beth Macy
Published
On Tuesday, Gov. Ralph Northam announced that “Dopesick,” an eight-episode limited Hulu series, will film in Central Virginia, the Shenandoah Valley and Roanoke region through the spring. Based on the bestselling nonfiction book “Dopesick: Dealers, Doctors, and the Drug Company that Addicted America,” by Roanoke journalist Beth Macy, the series will star Academy Award-nominated actor
Shenandoah Valley
After 30 years, The Free Clinic will shut its doors
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Harrisonburg’s The Free Clinic will go out of business at the end of December after providing medical care to low-income, uninsured adults for more than 30 years. “We’ve taken care of patients. We’ve made our community a healthier place, and we’re happy about that,” says Joshua Hale, president of the clinic’s board of directors. “Even
Shenandoah Valley Organic to create 110 jobs in Harrisonburg
Company to expand production capabilities with 75,000-square-foot facility
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Shenandoah Valley Organic, a family-owned organic chicken company, will establish a second, 75,000-square-foot facility in Harrisonburg, increasing production capacity and retail packaging abilities. The expansion will create 110 jobs, Gov. Ralph Northam announced Tuesday. Founded by sixth-generation farmer Corwin Heatwole, Shenandoah Valley Organic mission is to partner with independent family farmers to raise organic chickens.
Northam announces ‘Dopesick’ to film in Virginia
Michael Keaton will star in Hulu series based on book by Roanoke author Beth Macy
Published
On Tuesday, Gov. Ralph Northam announced that “Dopesick,” an eight-episode limited Hulu series, will film in Central Virginia, the Shenandoah Valley and Roanoke region through the spring. Based on the bestselling nonfiction book “Dopesick: Dealers, Doctors, and the Drug Company that Addicted America,” by Roanoke journalist Beth Macy, the series will star Academy Award-nominated actor
Dynamic Aviation to expand, creating 207 jobs in Rockingham County
Company to invest $47.9 million
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Bridgewater-based Dynamic Aviation Group Inc. plans to invest $47.9 million in expanding its operations in Rockingham County, creating 207 jobs, the governor’s office announced Thursday. The company, which is among Rockingham’s top employers, employs 750 people and operates in 11 countries. Its Bridgewater facility includes a heavy maintenance and modifications center, an engine shop and
Southern Virginia
Pandemic puts Martinsville Speedway on slower track
Published
Over Halloween weekend, Martinsville Speedway welcomed fans back to NASCAR Cup Series races for the first time since the pandemic began. However, occupancy was limited to 1,000 people for a race series that normally attracts more than 40,000 fans. And for some area businesses that depend on race fan dollars, the limited-attendance event was a
Dominion proposes nine new solar projects
Facilities would power up to 125K homes at peak output
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Richmond-based Dominion Energy Inc. proposed a new slate of projects on Monday that would bring nearly 500 megawatts of solar energy to Virginia customers, enough to power around 125,000 homes at peak output. The proposal, which the utility called “its largest slate yet of new solar projects” in a statement, was submitted for approval by
Danville Utilities completes 14MW solar project
Solar development to provide power for 1,500 homes per year
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Danville Utilities, in partnership with Edison, New Jersey-based CS Energy LLC, Hingham, Massachusetts-based Navisun LLC and Denver-based TurningPoint Energy, announced Tuesday it has completed a 14-megawatt utility-scale solar project in Danville — the city’s largest solar development to date. The 100-acre project, which began construction in December 2019, is estimated to generate 23,551 megawatt hours
Hemp industry takes another step forward
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The co-founders of South Boston-based Golden Piedmont Labs want to give the county a boost by processing hemp from local farmers. “We were looking for a way to give back,” says Rick Gregory, who started Golden Piedmont Labs with Sterling Edmunds Jr. Both are Halifax County natives with extensive backgrounds in real estate and finance.
Southwest Virginia
Can Southwest Virginia win the data center game?
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Like many other parts of the commonwealth, Southwest Virginia is making a play to attract data centers, offering cheap land, available workers and a natural cooling system. Data centers aren’t huge employers but do offer high wages and significant tax revenue — which other regions in Virginia have taken full advantage of, particularly Loudoun County in
Appalachian Power denied rate increase by SCC
Customers are not due refunds
Published
A rate increase sought by Appalachian Power Co. has been denied by the State Corporation Commission. According to a statement issued by the SCC on Tuesday, Appalachian Power was seeking to increase rates by approximately $10 per month for a typical residential customer using 1,000 kilowatt hours of electricity. Appalachian Power earned profits that were
Vinton, Warsaw, Wytheville receive industrial revitalization funding
Northam announces $1.4 million in funding for three projects
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The towns of Vinton, Warsaw and Wytheville will receive a total of more than $1.4 million in state industrial revitalization fund (IRF) grants, Gov. Ralph Northam announced Friday. IRF funding provides gap financing for redevelopment projects that can lead to long-term employment opportunities. “This funding will not only help transform deteriorating or unused structures, it
Va. Coalfield Economic Development Authority establishes $1M Renewable Energy Fund
Funding to assist renewable energy projects, component manufacturing
Published
The Virginia Coalfield Economic Development Authority (VCEDA) announced Thursday it has established a $1 million Renewable Energy Fund from coal tax credit funds. “With the establishment of the Renewable Energy Fund, VCEDA is poised to readily assist in the development of renewable energy projects, which will add new jobs and investment to the region and
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