Nine regional projects will receive a combined $5.8 million in Growth and Opportunity for Virginia (GO Virginia) funding, Gov. Ralph Northam announced Wednesday. The grants, which were approved by the Go Virginia Board and the Virginia Department of Housing and Community Development, will support regional economic development and workforce development initiatives and encourage collaboration among local
Supermarket chain plans to invest $175 million in project.
Wegmans Food Markets plans to build a $175 million regional distribution center in Hanover County, creating 700 jobs, Gov. Ralph Northam announced Wednesday. The campus, which will be located along Sliding Hill and Ashcake Roads off Interstate 95 in Ashland, will expand the grocer’s distribution network on the East Coast. Operations will start in 2022
The mega bank created from BB&T-SunTrust merger taps former SunTrust leaders.
Truist Financial Corp., the Charlotte, North Carolina-based mega bank created in December following the merger of BB&T and SunTrust, announced Tuesday it has named 24 regional presidents, three of whom will oversee the Virginia market. “Our ability to leverage our unique community model with its decentralized, regional structure combined with deep industry and banking expertise
Community banks oppose VACU's bid to include Medical Society of Virginia members.
Oral arguments are set for Jan. 6 in a dispute between the Virginia Credit Union and seven small community banks and the Virginia Bankers Association (VBA) over the credit union’s offer to include the Medical Society of Virginia’s 10,000 members. A. Ann Berkebile, a senior hearing examiner at the State Corporation Commission, scheduled oral arguments
The agreement is anticipated to close in January.
West Point-based County Waste of Virginia LLC and its subsidiaries will be acquired by Canadian waste management company GFL Environmental Inc, GFL announced Tuesday. The acquisition is subject to approval under the Hart-Scott-Rodino Act, which requires parties to notify the Federal Trade Commission and Department of Justice of large mergers and acquisitions. The companies will
Michael C. Riordan is a former co-chief executive officer of Prisma Health.
Mechanicsville-based Owens & Minor Inc. has named Michael C. Riordan, a former co-chief executive officer of Prisma Health, to its board of directors. Owens & Minor is a Fortune 500 medical distribution company with 17,000 employees in 90 countries. Riordan, 61, served as chief executive for the Greenville Health System from 2006 to 2016, when
The bank traces its roots to bank founded there in 1902.
Richmond-based Atlantic Union Bank has donated a 480-square-foot building to the Town of Bowling Green, which will use it as the town’s new economic development office, the bank announced Monday. Atlantic Union Bank traces its origins back to the Caroline County Bank, which opened in Bowling Green in 1902 and later became known as Union
The online car retailer's center will create an estimated 400 jobs.
Tempe, Arizona-based Carvana Co., an e-commerce platform for buying and selling used cars, will be investing $25 million to establish a vehicle inspection and reconditioning facility that will create an estimated 400 jobs in Chesterfield County, Gov. Ralph Northam announced Thursday. “Carvana is a fast-growing national company, and we are proud that it has chosen
The shuttered store fixture manufacturer closed three Virginia locations in September, leaving 190 unemployed.
More than 1 million square feet of manufacturing equipment will be auctioned off next week, assets that belonged to New York-based store fixture manufacturer PremierXD, which shut down operations in September. Nearly 200 people in Henrico County were laid off as a result. The auction will be online only, starting at 10 a.m. Tuesday, Dec.
Richmond-based retailer fills e-commerce orders across the U.S. and 72 other countries.
Richmond-based e-commerce retailer Need Supply Co. will launch a pop-up showroom in Charlottesville for the holidays. The 23-year-old fashion and home goods store is based in Richmond’s Carytown district and has a second shop in Tokyo, but most of its business is conducted online, filling e-commerce orders in the United States and 72 other countries.