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Va. CEOs worry about inflation
Most executives surveyed negatively impacted by rising prices
Inflation is bad for Virginia businesses. That was the biggest takeaway from a survey of Virginia CEOs in July. The University of Richmond’s Robins School of Business and the Virginia Council of CEOs administered the survey from July 7 to July 14, with 63 executives responding. “It is no surprise that inflation is hurting small
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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%
Va. CEOs expect sales to increase despite omicron effects
59% of Va. CEOs surveyed expect sales to increase in the next six months
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About 84% of CEOs reported an impact on their businesses from the omicron variant of COVID-19, but almost 60% expect sales to increase over the next six months, according to the fourth quarter CEO Economic Outlook survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (VACEOs). Of
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Va. Chamber of Commerce elects next chair
Fred D. Thompson Jr. has served on the Chamber's board since 2015
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The Virginia Chamber of Commerce elected Fred D. Thompson Jr. its 2022 chair on Tuesday. Thompson is chief administrative officer and a business partner at Reston-based Thompson Hospitality Corp. “Fred has been a vital member of the Chamber’s board of directors and executive committee for several years and is a valued leader in the business
Virginia snags “Best Business Climate” state ranking
Business Facilities mag also ranks Va. tops for Tech Talent Pipeline category
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Virginia is the state with the “Best Business Climate” in the nation, according to Business Facilities magazine’s 17th annual State Ranking Report, released Wednesday. Last year, Texas held the No. 1 spot, with Virginia taking second. After falling off Business Facilities’ top 10 list in 2014 and 2015, Virginia placed ninth in 2016, fourth in
U.Va. launches Sands Institute for Lifelong Learning
Institute funded via record $68 million gift to Darden School
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Using its largest-ever gift — a $68 million donation last year from Frank M. Sands Sr., founder of Sands Investment Group Inc. — the University of Virginia’s Darden School of Business announced Friday it has launched the Marjorie R. and Frank M. Sands Sr. Institute for Lifelong Learning. The Sands Institute for Lifelong Learning will