Best Places to Work
A healthy balance
Ashburn-based Sriven Technologies puts employees first
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For Ashburn-based IT company Sriven Technologies LLC, an emphasis on work-life balance and leading a healthy lifestyle, as well as a strong benefits packages creates a stress-free place for employees to focus on their careers, CEO Raj Kilaru says. And that makes it a place where people want to stay. Founded in 2009, Sriven Technologies
A shot in the arm
Best practices help winning companies fight pandemic
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Virginia’s Best Places to Work were hit by the consequences of COVID-19 just like every other business this year. But characteristics that won them the “best places” title — including flexibility, great benefits and distinctive cultures — are sustaining them through the lengthy pandemic. Since 2011, Virginia Business and Pennsylvania-based Best Companies Group have collaborated
11th Annual Best Places to Work list
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This is the 11th year that Virginia Business has compiled the Best Places to Work in Virginia list in collaboration with Pennsylvania-based Best Companies Group. More than 200 companies applied for inclusion in the 2021 Best Places to Work in Virginia cohort. A hundred companies were chosen, divided into three categories: small (15-99 U.S. employees);
On even ground
Female leaders are mission critical at Patriot Group International
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Marlana Fraser joined Warrenton-based Patriot Group International Inc. (PGI) with a special insight into the people on the ground carrying out PGI’s special operations. Her husband had served in the Marine Corps in Afghanistan performing the “exact same work” that PGI does now, says Fraser, the company’s vice president of business operations. As a contractor
Business Person of the Year
By the book
The 7 habits of the highly effective Stephen Moret
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On a sunny, crisp fall morning in late October, Virginia Gov. Ralph Northam stood at a lectern in the atrium of Danville’s Institute for Advanced Learning and Research, announcing to the assembled reporters and dignitaries that van manufacturer Morgan Olson LLC would be taking over a local factory about to be abandoned by Swedish furniture
Health-care visionary
The innovative leader of Inova Health System has embarked on his most ambitious project
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Knox Singleton, CEO, Inova Health System, Fairfax is the 2015 Virginia Business Person of the Year
Turnaround CEO
Nassetta transforms ‘sleeping giant’ into the world’s largest hotel company
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2014 Virginia Business Person of the Year
Christopher J. Nassetta
President and CEO Hilton Worldwide, McLean
2013 Virginia Business Person of the Year
Tonya Mallory wants to revolutionize the practice of medicine in the U.S.
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Tonya Mallory, Chief executive officer of Health Diagnostic Laboratory in Richmond is the 2013 Virginia Business Person of the Year.
CEO Pay
Virginia CEO pay report
Compensation of CEOs at Virginia’s major public companies
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Nothing to complain about
Average Va. CEO pay fell in 2019, but the top earner still made $21.37 million
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Virginia’s top-paid CEOs brought home an average total compensation of $6.68 million each in 2019. That’s not too shabby, considering their average annual base salary was $900,218. Conducted by Redwood City, California-based executive compensation firm Equilar, Virginia Business’ most recent top executive pay report examined the earnings of 50 CEOs from 49 public companies with
Bringing in the big bucks
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Virginia’s CEOs received an average pay increase of 12.5% last year, with the top earner reaping $39 million
Coronavirus 2020
Va. new jobless claims dropped below 7,000 last week
Continued claims filed declined from previous week
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Virginia’s new unemployment claims fell last week, as did continued claims, the Virginia Employment Commission reported Thursday. For the filing week ending June 19, 6,905 people filed initial jobless claims, a decrease of 944 from the previous week. Continued unemployment claims totaled 42,878 last week, down 1,915 claims from the previous week. This time a
Va. hotel revenues increased by 178% in May
Lodging industry says "long road ahead" for recovery, however
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Virginia hotel revenues for May 2021 increased by 178% compared with May 2020, according to data released Tuesday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold went up by 96%. The average daily rate (ADR) paid for hotel rooms rose 42%
Va. initial jobless claims rise slightly
Continued claims decrease in filing week of June 12
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Virginia’s new unemployment claims rose slightly last week, while continued jobless claims declined, the Virginia Employment Commission reported Thursday. For the filing week ending June 12, 7,849 people filed initial claims, an increase of 639 from the previous week. Continued claims totaled 44,793 last week, down 5,468 claims from the previous week. This time a
State program would incentivize new workers with up to $1,000
To ease labor shortage, state will match up to $500 in payments to workers at eligible small businesses
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To combat Virginia’s tight labor market, the state plans to invest $3 million in a program to provide new employees of qualifying small businesses with up to $1,000 to support their transition back into the workforce, Gov. Ralph Northam announced Friday. The Virginia Return to Earn grant program will match up to $500 from eligible
Fantastic 50
Veterans helping veterans
Vet-owned tech firm contracts for U.S. Veterans Affairs
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September 2019 was a big month for B3 Group Inc. The Herndon-based information technology services company was among the contract winners for a $686 million task order from the U.S. Department of Veterans Affairs (VA) Digital Transformation Center. The same month, it was selected for a 15-year, $59.9 million contract to provide the VA with
2020 Virginia’s Fantastic 50
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A list of Virginia’s fastest-growing companies, the 2020 Fantastic 50. Subscribe to Virginia Business. Get our daily e-newsletter.
A catalyst for change
Alpha Omega Integration focuses on customers, workers
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An unhappy customer was the engine for change at Alpha Omega Integration LLC — and is a major factor the Vienna-based information technology solutions company attributes to its success. Alpha Omega won an IT contract from the U.S. Department of State’s Bureau of Information Resource Management in 2018. But three weeks later, the agency said
Charting growth
Fairfax County is home to state’s fastest-growing companies
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As the Virginia Chamber of Commerce marks its 25th year of celebrating the commonwealth’s 50 fastest-growing companies, this unfortunately will be the first year that Virginia’s Fantastic 50 award winners haven’t been recognized with an in-person event. Due to the coronavirus pandemic, this year’s Fantastic 50 awards banquet, which had been scheduled for April 30,
Generous Virginians Project
The best of times?
Year of pandemic and civil strife also saw transformative giving
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The past year or so in America has often seemed a dark time, with headlines dominated by COVID-19, the tumult surrounding social justice issues and our deeply politically divided nation. Yet, it also has been a time of breathtaking generosity, as uber-wealthy philanthropists and well-heeled corporations have opened their wallets to fund groundbreaking initiatives, especially
Gifts of healing
Virginians counter COVID-19, racial injustice via philanthropy
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When tech entrepreneur Pete Snyder and his wife, Burson, returned home to Charlottesville from taking their 5-year-old daughter to Walt Disney World this spring, they came home to a business community struggling after COVID-19 pandemic shutdowns. “Our view is we’re at war right now,” Snyder says. “It has two fronts: One is a health and
Donations by companies and corporate foundations
A sample of donations of at least $100,000 made to Virginia nonprofits in 2019.
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The 50 largest Virginia charities
A list of the commonwealth’s major charities as ranked by GuideStar USA Inc.
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Hampton Roads Business Guide
Change in the air
Dominion debuts offshore wind farm
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After almost a decade of planning, Dominion Energy Inc. will begin harnessing offshore wind power this fall as two massive test turbines go into operation off the coast of Virginia Beach. Standing about 600 feet tall, the 12-megawatt turbines are the cornerstone of Dominion’s Coastal Virginia Offshore Wind (CVOW) pilot project. The company, the first
Good deeds
Commercial real estate moves forward in pandemic
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The pandemic hasn’t seemingly slowed down commercial real estate development and transactions in Hampton Roads. Despite significant financial hits to the hospitality industry, the $125 million, 305-room Marriott Virginia Beach Oceanfront opened in June, the second phase of Gold Key | PHR’s three-phase, $350 million renovation and expansion of The Cavalier Resort. Also in June,
A healthy outlook
Region’s hospital systems growing through partnerships
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Even as the COVID-19 pandemic stresses Virginia hospitals, Hampton Roads’ health care sector continues to grow. Richmond-based VCU Health System is making inroads in the region through partnerships with Riverside Health System and Sentara Healthcare. In March, VCU Health System announced a formal affiliation with Newport News-based Riverside. The two organizations have identified areas “of
On the fast track
Local Fantastic 50 companies have seen big growth
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Six Hampton Roads-based companies, including two newcomers, landed on the Virginia Chamber’s 2020 Fantastic 50 list of the state’s fastest-growing privately owned businesses. Due to the coronavirus pandemic, the winners were recognized during a virtual event held in May. To qualify for the Fantastic 50, nominees’ fiscal revenues had to exceed $200,000 and be less
Legal Elite
The 21st edition of the Virginia Business Legal Elite
Legal Elite recognizes top Virginia attorneys across 20 specialties
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Launched in cooperation with the Virginia Bar Association, the Legal Elite polls lawyers licensed to practice in Virginia each year, asking them to identify which of their peers are the top attorneys in a variety of legal specialties. Virginia Business’ Legal Elite has 20 categories of legal specialties, double the number featured on the first
2020 Legal Elite — Taxes/Estates/Trusts Profile
Christine Nguyen Piersall, Williams Mullen, Norfolk
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Title: Partner/chair of Estate Planning: Private Client & Fiduciary Services Practice Other legal specialties: Business succession, commercial real estate Education: Bachelor’s degree, University of Virginia; law degree, University of Richmond Spouse: Von L. “Trey” Piersall III Children: Liliane, 14; Benjamin, 12 First job as a lawyer: Associate at Cooper, Spong & Davis PC Fan of:
2020 Legal Elite — Real Estate/Land Use Profile
Clark H. Worthy, Gentry Locke Attorneys, Roanoke
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Title: Partner Other legal specialties: General business practitioner Education: Bachelor’s degree, University of Virginia; law degree, Washington & Lee School of Law Spouse: Mary “Kate” Robey Worthy Children: C. Hatcher Worthy Jr.; Alexandra A. Worthy; Reagan R. Brown First job as a lawyer: Clerk for the Hon. H. Emory Widner Jr., U.S. Court of Appeals
2020 Legal Elite — Legislative/Regulatory/Administrative Profile
Daniel C. Summerlin III, Woods Rogers PLC, Richmond, Roanoke
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Title: President, principal Other legal specialties: Employment law Birthplace: Chapel Hill, North Carolina Education: Bachelor’s degree, University of North Carolina at Chapel Hill; law degree, William & Mary Spouse: Laura Summerlin Children: Taylor, 20; Cabell, 20; Callie, 19; Tye, 18; Caroline, 17; and Lane, 15 First job as a lawyer: Woods Rogers PLC — I
Maritime Guide
A fair trade?
U.S.-China tensions still impact Va. economy
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While President Joe Biden will likely strike a more diplomatic tone with China than his predecessor, economists and other observers believe the United States’ rocky trade relationship with its biggest economic rival will remain contentious — which will impact Virginia’s economy. Under former President Donald Trump, the U.S. and China were immersed in a grueling
Making it rain
Increased e-commerce fuels wave of distribution centers
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For Hanover County Economic Development Director Linwood Thomas, things couldn’t get much better. “It’s really been a perfect storm,” Thomas says. That storm — the good type — is a deluge of distribution centers and warehouses that have opened recently or are currently in the pipeline for the county of about 108,000 residents, located about
The largest yard
Newport News Shipyard steams ‘full speed ahead’
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In a year when the world stood still, forcing businesses to adjust, the shipbuilding industry in Hampton Roads was told from the start to keep working. In early spring 2020, as the COVID-19 pandemic raised the question of who qualified as “essential personnel,” the U.S. Navy made one thing clear — that designation definitely included
The Port of Virginia
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By 2024, the Port of Virginia expects to be the deepest port on the East Coast at 55 feet, with room for two-way traffic for some of the world’s largest vessels. The port has six terminals and has invested more than $1 billion in infrastructure since 2015, producing 390,000 port-related jobs across the state, $23
Regional Report
Scott Ukrop joins New Richmond Ventures
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He has been named director of business development.
New normal in downtown D.C.
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Consistent rental rate growth appears unlikely, says Studley report.
James Madison teams rise to Google challenge
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James Madison University students helped businesses and nonprofits promote themselves as part of Google’s Online Marketing Challenge.
Site Locator
2020 Virginia Business Site Locator
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Welcome to the 2020 Virginia Business Site Locator Guide! Inside you’ll learn how Virginia stacks up, how Virginia companies rank and learn about big deals in all regions of the commonwealth. The guide includes: A list of Virginia companies on the Fortune 500 list Lists of public universities and colleges A list of big deals
Super CPAs
Commonwealth formally transfers Fort Monroe land to National Park Service
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Historic site will become national monument.
Top CPAs offer insights on their accounting fields
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Introduction to a special report of
the 2013 Super CPAs as well as
twelve Super CPAs profiles and lists by category
The Big Book
What’s next?
Pandemic reveals strengths, vulnerabilities of state’s economy
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This time last year, Virginia’s fortunes seemed as high as Clemente Development Co. Inc.’s proposed 600-foot Iconic Tower. Part of Clemente’s long-planned, 3-million-square-foot The View at Tysons mixed development, the Iconic Tower was to be the tallest commercial structure between Philadelphia and Charlotte, North Carolina. But then the coronavirus pandemic hit and now Clemente has
Double play
Two casinos, just miles apart, will debut in Hampton Roads
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Hampton Roads will be home to two Las Vegas-style casino complexes after Norfolk and Portsmouth voters overwhelmingly approved November 2020 referendums greenlighting the projects in their cities. The referendums passed with 64.4% of the vote in Norfolk and 66.7% in Portsmouth. The Pamunkey Indian Tribe is working with Tennessee billionaire Jon Yarbrough to build the
A bright spot
Despite pandemic, tech ventures flourish
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The coronavirus pandemic divided Loudoun County into two worlds in 2020 — tech and touch, says Buddy Rizer, the county’s executive director for economic development. While the pandemic devastated in-person “touch” businesses such as restaurants, shops and service providers, Northern Virginia’s tech-related companies continued to forge new deals. The number of major announcements in Northern
Legal challenges
Virginia’s law firms go virtual amid pandemic
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In any other year, the merger that formed Troutman Pepper Hamilton Sanders LLP would have gotten top billing in the year’s legal news. But 2020 wasn’t like any other year for the legal profession. The pandemic’s economic fallout caused some law firms to enact cutbacks and temporary salary reductions; some senior staffers took voluntary furloughs.
Virginia CFO Awards
Congratulations to the 2021 Virginia CFO Awards winners!
Watch our video presentation for this year's nominees, finalists and winners
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Congratulations to the winners of the 2021 Virginia CFO Awards, honoring the commonwealth’s top nonprofit and companies’ chief financial executives, announced Friday by Virginia Business Editor and Chief Content Officer Richard Foster. Watch the video below for this year’s nominees, finalists and winners in four categories: Small companies (fewer than 100 employees) Large companies (more
2020 Virginia CFO Awards winners
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In an annual special report, here are the four outstanding chief financial officers nominated by their peers and chosen by a group including the editorial staff of Virginia Business magazine and previous CFO award recipients. Also: Read more about how CFOs in Virginia are keeping their ships steady in unprecedented financial turmoil. Large Nonprofit: Julie
Smooth sailing
CFO overhauls law firm’s IT infrastructure
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Small business | Mark Baumgartner, CFO Pender & Coward PC, Norfolk It’s safe to say Mark Baumgartner knows the ins and outs of Virginia Beach-based law firm Pender & Coward PC, where he has served as chief financial officer since 2017. Prior to becoming the firm’s CFO, Baumgartner had 20 years of experience working as
Growth mode
Harbor Group International CFO instrumental in $1.8B acquisition
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Large Business | Carla Stoner, CFO Harbor Group International LLC, Norfolk Carla Stoner doesn’t come from a typical CFO background of working strictly as an accountant or CPA, but she had the chops to grow Norfolk-based real estate investment and management firm Harbor Group International LLC (HGI) from $3.8 billion in assets under management to
Virginia Meetings
2020 Virginia Meetings
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Welcome to the second issue of Virginia Meetings. Below you’ll find content about how hotels have reopened with caution during the pandemic and how virtual conferences have become the new norm for meeting planners. Also included is a list of Virginia’s largest conference hotels. Checking in: Hotels reopen with caution following economic downfall Rising to
Virginia’s largest conference hotels
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Virginia Society of CPAs’ 2021 Virginia Economic Expectations Survey
CPAs discuss the economic health of their regions in 2020
A Q&A with five members of the Virginia Society of CPAs
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We asked five certified public accountants for their take on the state of their regions. This is what they had to say. Answers have been edited for length and clarity. HAMPTON ROADS Maruja Evangelista Pabalan, CPA CEO | EDMARS and Associates CPA LLC | Chesapeake What are your favorite parts about living and working in
A taxing time
Amid pandemic, CPAs are concerned about health, safety
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In early March, Ryan Losi just arrived home after traveling around the world for 10 of the past 13 weeks. He probably won’t be doing that again for a while. The executive vice president of Piascik, a Henrico County CPA firm with global clients, Losi had been paying attention to reports of a new virus
The Results of the Virginia Society of CPAs’ 2021 Virginia Economic Expectations Survey
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To download the results as a PDF click here Related Articles We asked five certified public accountants for their take on the state of their regions. This is what they had to say. Answers have been edited for length and clarity. The Results of the Virginia Society of CPAs’ 2021 Virginia Economic Expectations
