Truist grants $500k to aid Richmond Community Wealth Building office
Case managers to be trained in financial, education, employment coaching
Truist Foundation announced it has made a $500,000 grant that will ultimately help Richmond’s Office of Community Wealth Building provide further financial, education and employment coaching to city families, the philanthropic
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Virginia Business announces 2023 Va. CFO Awards winners
Winners, finalists honored at June 8 banquet in Richmond
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Virginia Business presented its 2023 Virginia CFO Awards Thursday during the magazine’s annual awards banquet honoring chief financial officers from nonprofits and businesses from across the commonwealth. This year’s Virginia
Regent University founder Pat Robertson dies at 93
GOP presidential hopeful, ‘700 Club’ host also started Christian Broadcasting Network
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Christian Broadcasting Network founder M.G. “Pat” Robertson, a one-time GOP presidential hopeful and also chancellor, founder and CEO of Regent University in Virginia Beach, died Thursday at age 93, Regent
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Arko closes Uncle’s convenience stores deal
Acquisition is 24th since 2013
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Arko Corp., a Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC, has closed on its acquisition of Texas-based WTG Fuels Holdings LLC, the owner of
Norfolk City Council votes to purchase MacArthur Center
City to pay up to $18M for 23-acre downtown mall
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On Wednesday evening during a special meeting, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center mall downtown for up to $18 million. The
AWS reports it invested $51.9B in Va. from 2011-21
Amazon subsidiary opened its first data center in Va.
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Amazon Web Services Inc. invested more than $51.9 billion in Virginia between 2011 and 2021, according to an economic impact statement released by the company Wednesday. That investment total includes
Hampton Roads warehouses sell for $8.4M
Tidewater Fleet Supply leases properties
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A portfolio of three warehouses in Hampton Roads sold for $8.4 million in mid-May. Tidewater Fleet Supply, an independent distributor of fleet, truck, trailer, and heavy equipment parts, leases the
CNSI-Kepro rebrands as Acentra Health
Follows merger with Tennessee-based Kepro in late 2022
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The health services tech company that formed from last year’s merger of McLean-based health care IT provider CNSI and Nashville, Tennessee-based health care management tech company Kepro is now branding
Norfolk eyes $18M purchase of MacArthur Center mall
Downtown mall was put up for sale in January
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Read update: Norfolk City Council votes to buy mall Norfolk City Council will discuss acquiring the struggling downtown MacArthur Center mall for $18 million during a special meeting Wednesday. MacArthur
Virginians bet nearly $426M on sports in April
Handle up 6.6% from April 2022
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Virginians wagered $425.98 million in April, up 6.6% from the year prior, according to data released June 1 by the Virginia Lottery. About $422 million in sports betting revenue came
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Va. Board of Accountancy elects next chair
Wendy Lewis is partner in KPMG's audit practice
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Wendy P. Lewis, a partner in KPMG LLP’s audit practice, will become chair of the Virginia Board of Accountancy on July 1. Lewis is currently the board’s vice chair; her
Richmond airport CEO to chair national board
Miller to lead American Association of Airport Executives
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Perry J. Miller, president and CEO of the Capital Region Airport Commission, which includes Richmond International Airport, has been elected 2023-24 chair of the American Association of Airport Executives, the
HII Mission Technology promotes two execs
Schwartz is new COO; Gentry heads C5ISR biz division
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Newport News-based Huntington Ingalls Industries Inc.’s McLean-based Mission Technologies division has promoted Garry Schwartz, formerly a group president, to chief operating officer on June 1. At the same time, the
NoVa chamber inducts Deb Gandy as next chair
Gandy is senior managing director at Chevy Chase Trust
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Deborah G. “Deb” Gandy, senior managing director at Chevy Chase Trust Investment Advisors, was inducted as 2023-2024 chair of the Northern Virginia Chamber of Commerce on Tuesday. Gandy, the first
Opinion
The stuff of dreams
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Whether it’s aiming to solve a problem, build a better mousetrap or simply make a better life for themselves and their families, entrepreneurs start their businesses with a dream. And
Choppy waters for ocean shipping
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What a difference a year makes. In March 2022, ocean freight rates were at record highs, with capacity straining under the weight of historic U.S. import demand. High inventories and
Our new AI overlords
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A worker who never tires — who never needs to take a coffee break, who doesn’t get sick, who doesn’t disagree and who doesn’t have a messy home life or
Crown jewels
Letter from the publisher
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The Port of Virginia and its surrounding maritime community are the crown jewels of economic development in Virginia. Fewer than half of U.S. states have any coastline at all, not