Best Places to Work
Flex time
Best workplace perks include flexibility, time off
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The traditional 9-to-5 workday at the office is a thing of the past at forward-thinking companies looking to recruit and retain top talent. “That’s out the door,” says Melody Donovan-Hopkins, a director and senior human resources consultant with Fahrenheit Advisors in Richmond. In its place is a flexible work model that was gaining popularity even
Best Places To Work 2022
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This is the 12th 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 2022 Best Places to Work in Virginia cohort. A hundred companies were chosen, divided into three categories: small (15-99 U.S. employees);
Primary care
McLean-based B&A spreads kindness to employees, community
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When the pandemic rocked employees’ well-being last year, executives at McLean-based software solutions company B&A went out of their way to make people feel valued and connected. “We realized that a lot of folks were struggling with what was going on in the country and the world,” says Jonathan Evans, president and CEO of B&A,
12th Annual Best Places To Work list
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This is the 12th 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 2022 Best Places to Work in Virginia cohort. A hundred companies were chosen, divided into three categories: small (15-99 U.S. employees);
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
All about the Benjamins
Despite pandemic, Va. CEO pay was up in 2020
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After a tumultuous and unpredictable pandemic year, the executives leading Virginia’s largest publicly traded companies still brought home sizable pay increases in 2020. While median salaries for Virginia’s top CEOs were down 0.7% in 2020, and their median bonuses were down 10.6%, last year Virginia’s top executives saw a huge increase in pay coming from
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
April Va. hotel revenues down slightly from pre-pandemic
Lagging NoVa hotel market drives state numbers down
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Virginia hotel revenues in April were down 3.5% compared with pre-pandemic April 2019 revenues, largely due to the lagging Northern Virginia market, according to data released Wednesday by STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. Hotel rooms sold decreased by 4.7% last month, compared with
Va. CEOs expect increased sales despite shortages
In Q1 survey, 70% expect sales to increase in next six months
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About 70% of CEOs expect sales to increase in the next six months, despite supply chain and labor shortages, according to the first quarter CEO Economic Outlook survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (VACEOs). Ninety percent of CEOs reported a labor shortage impacting their
Va. hotels expect 28% drop in 2022 biz travel revenue
National revenues expected to be 23% below pre-pandemic levels
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Virginia hotel revenue from business travel this year is projected to be down 28.3% from pre-pandemic levels, or about $674 million less than the $2.39 billion the lodging industry took in during 2019, according to a report released Tuesday by the American Hotel & Lodging Association and Kalibri Labs. Nationally, the associations forecasts a 23%
Feb. statewide hotel revenues were 6.1% lower than 2019
Hampton Roads outperforms other markets with 18% increase
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February hotel revenues in Virginia were 6.1% lower than those recorded in February 2019, according to data released Monday by STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. Hotel rooms sold decreased by 5% last month, compared with 2019 levels. The average daily rate (ADR) paid
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
Flood warning
Sea-level rise predictions become more dire for region
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Situated on a bank of the Hague, the Y-shaped inlet off the Elizabeth River that shares a name with the city in the Netherlands, Norfolk’s Chrysler Museum of Art is no stranger to the impacts of high tides, as well as flooded streets and parking lots during heavy rainfalls. Right now, flooding is mainly a
Climbing the ladder
Four regional companies make Inc. 5000’s top 1,000
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Four Hampton Roads companies made it into the elite top 1,000 of this year’s Inc. 5000 list of the nation’s fastest-growing private companies, based on revenue growth during the past three years. Although many industries were affected by the COVID-19 pandemic last year, the region’s top-ranked Inc. 5000 businesses are in government contracting and real
All hands on deck
Military has outsized economic impact on region
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The military’s impact on Hampton Roads is unmistakable. Drive along the Hampton Roads Bridge-Tunnel and it’s nearly impossible to miss the hazy gray of U.S. Navy vessels docked at Naval Station Norfolk, the world’s largest naval station. A few minutes spent in Virginia Beach and one is likely to hear the roar of a Navy
Opportunity floats
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Read the feature on sea level rise in Hampton Roads. Although local, state and federal government officials are leading coordinated efforts to combat flooding, other groups in Virginia see business potential from the crisis. The OpenSeas Technology Innovation Hub, a collaboration between Old Dominion University and William & Mary’s Virginia Institute of Marine Science, is
Legal Elite
The 22nd edition of the Virginia Business Legal Elite
Legal Elite recognizes leading Virginia attorneys across 20 specialties
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Launched in cooperation with the Virginia Bar Association in 2000, Virginia Business’ Legal Elite polls lawyers licensed to practice in Virginia each year, asking them to identify which of their peers are the top attorneys across 20 categories of legal specialties. In compiling this year’s Legal Elite, Virginia Business contacted more than 14,000 attorneys and
Wind of change
Supercentenarian law firm builds on pro-business foundation
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Over its 120 years, Hunton Andrews Kurth LLP has seen — and made — a lot of history. Since a quartet of ambitious and talented Richmond attorneys joined forces in 1901 to start the law firm of Munford, Hunton, Williams & Anderson, the practice has not only produced an array of legal luminaries, including U.S.
2021 APPELLATE LAW Q&A
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Lucas I. Pangle Wharton Aldhizer & Weaver PLC, Harrisonburg Title: Associate Other legal specialties: Administrative law, occupational safety and health, and bankruptcy Birthplace: Maurertown in Shenandoah County Education: Bachelor’s degree in neuroscience, Duke University; law degree, William & Mary School of Law Fan of: Duke Blue Devils basketball Recently read book: “The Code of the Woosters,” by P.G. Wodehouse
2021 Legislative/Regulatory/Administrative
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David B. Albo Williams Mullen Richmond Lars E. Anderson Odin Feldman & Pittleman PC Reston Wade T. Anderson Sands Anderson PC Richmond Erin B. Ashwell Virginia Attorney General’s Office Richmond Nicole L. Brenner Reed Smith LLP Richmond Derek J. Brostek Wharton Aldhizer & Weaver PLC Harrisonburg John K. Byrum Jr. Woods Rogers PLC Richmond John
Maritime Guide
Setting a course
Businesses, port seek paths around supply chain backlogs and logjams
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Each week, MDV SpartanNash LLC, the nation’s leading supplier for overseas U.S. military commissaries and exchanges, loads 100 to 200 containers filled with everything from peanut butter to clothing aboard steamships bound for Europe, Africa, Bahrain, Kuwait and Honduras, as well as Puerto Rico and Guantanamo Bay. “In places like Guantanamo Bay and Bahrain, there’s
Turning on a dime
Driver shortage affecting trucking industry
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Though many American consumers may not think about it much, trucks move just about everything they buy, use, eat, drink and wear. The U.S. trucking industry hauled 72.5% of all freight transported nationwide in 2019, according to the Arlington-based American Trucking Associations. Why should anybody care? Because the ranks of truckers are shrinking: Last year,
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
Forward motion
Front Royal sees port-driven progress
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Shenandoah is known for apple blossoms, but something else is popping up this spring in Front Royal: a new 340,000-square-foot warehouse logistics center. About a half-mile from the Virginia Inland Port, the center is one of roughly a dozen projects in the region built by Equus Capital Partners Ltd., a commercial real estate agency based
Regional Report
A Roanoke reawakening
Regional revitalization strategies gain traction
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The Roanoke area is anything but sleepy when it comes to economic development these days. In fact, “the opportunity for Roanoke is greater now than it has been in quite some time,” says John Hull, executive director of the Roanoke Regional Partnership, a public-private joint venture that works to attract new business to the region.
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.
Site Locator
2021 Virginia Business Site Locator
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Welcome to the 2021 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
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
2021 Virginia CFO Awards: The winners
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Large business CFO: John C. Zeheb, Ukrop’s Homestyle Foods LLC, Richmond Large nonprofit CFO: Clifford Yee, Northern Virginia Family Service, Oakton Small business CFO: J. Robert Mooney, Phlow Corp., Richmond Small nonprofit CFO: Kim L. D’Errico, Special Olympics Virginia, Richmond Plus: The 2021 nominees list Amid pandemic, CFOs positioned businesses for recovery
Preparing for the worst
Amid pandemic, CFOs positioned businesses for recovery
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Read about the 2021 Virginia CFO Award winners. John Brocato’s coveted tickets to the Atlantic Coast Conference men’s basketball tournament suddenly became void in March 2020 after the ACC canceled the tournament as the COVID-19 pandemic began turning the world on its head. And as the chief financial officer of a small building supply company
Going with the Phlow
Veteran CFO aids pharma startup that has big mission
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Small Business | J. Robert Mooney, CFO Phlow Corp., Richmond Without Bob Mooney, Phlow Corp. might never have gotten off the ground. “I do not believe I would’ve had the courage or the willingness … to start up Phlow if it weren’t for Bob,” says Dr. Eric Edwards, co-founder and CEO of the Richmond-based company
In the bag
Ukrop’s CFO worked his way up from bagging groceries
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Large Business | John C. Zeheb, CFO Ukrop’s Homestyle Foods LLC, Richmond When John C. Zeheb landed his first job bagging groceries at a Ukrop’s supermarket at age 16, he certainly didn’t think it would lead to a career. “At the time, I would never have imagined that,” says Zeheb, vice president and chief financial
Virginia Meetings
Rolling with the punches
Meeting planners adjust in pandemic’s second year
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Flexibility is once again the name of the game for meeting planners in 2021. In 2020, most planners’ clients postponed or canceled conferences, while others decided to go virtual instead of meeting in person. This time around, it’s somewhat safer to meet due to COVID-19 vaccines, but outbreaks are still occurring in Virginia because of
Virginia’s largest conference hotels
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Related: Despite pandemic, hotels press forward Meeting planners roll with the punches
Be our guest
Despite pandemic and staff shortage, hotels press forward
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It’s no secret that the hospitality industry is hurting from the ongoing pandemic. Although widespread shutdowns are in the past, hotel executives are now challenged by the sector’s labor shortage and the slow recovery of business travel. In July, hotel revenues were down 3% compared with the same month in 2019, according to data from
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 Society of CPAs’ 2021 Virginia Economic Expectations Survey
Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey interviews
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HAMPTON ROADS Richard E. Groover, CPA Shareholder | Wall, Einhorn & Chernitzer PC Norfolk What local industries/sectors do you think have potential for growth? Continued growth around the Port of Virginia and green energy. … Entrepreneurs and local leaders have made substantial investments to tee up this area as part of a wind turbine corridor
Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey results
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Read more: Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey interviews and post-pandemic work models
Remote possibilities
Companies examine post-pandemic work models
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Before the coronavirus pandemic, LaToya Jordan regularly missed small moments in her children’s lives — like seeing her young son getting off the bus each day. She commuted to downtown Richmond or to a client site and arrived home after her children. The state agency where she works allowed telecommuting one day a week, and
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
