Latest Story
Fed Fifth District economy shrinks slightly
Customers push back on price growth in several industries
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has contracted slightly since March, according to the latest
More Stories
NY foundation invests $10M in Appalachian Community Capital
Gift expected to help finance 400 small businesses
Published
Appalachian Community Capital, a Christiansburg-based community development financial institution that provides capital for small businesses across the Appalachian region, will receive an additional $10 million investment in the form of
Keeping watch
Banks, credit unions cautiously eye inflation, interest rates
Published
The question of the quarter: Are we entering a recession? One key indicator of a future recession can be inflation, which hit a 40-year high this year. Between June 2021
Advertisement
Fifth District economy growth is moderate, Fed says
Rising fuel prices, labor and supply shortages limit growth
Published
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) continued to grow moderately despite supply chain issues, labor shortages and rising prices, according to
McLean medical office building refinanced with $20M loan
Avison Young arranged loan for 47k-square-foot property
Published
Toronto-based commercial real estate firm Avison Young announced Wednesday that its debt and equity finance team had arranged a $20 million loan to refinance a medical office building in McLean.
Va. Beach launches small biz loan program
Initiative is city partnership with LISC of Hampton Roads
Published
The Virginia Beach Small Business Capital Access Program is offering loans of $15,000 to $25,000 to small businesses, with no payments required for the first six months. The program, which
Fed says Fifth District economy growing moderately
Companies see increased demand but continuing labor shortages
Published
, the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent weeks, according to the latest edition
Four community banks launch $1M minority business fund
Eligible minority-owned small businesses and startups can receive up to $50K in funding
Published
The Bank of Clarke County announced Tuesday the launch of the Banking on Diversity initiative, a minority business funding program backed by Bank of Clarke County, BCT-Bank of Charles Town,
Wells Fargo makes $1.5M donation for small business loans
Richmond-area minority- and woman-owned businesses can apply for up to $250K each in loans
Published
Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, announced Thursday it has donated $1.5 million to Richmond-based nonprofit Virginia Community Capital (VCC) to help local minority and/or woman-owned
These 16 Va. companies received $10M PPP loans
SBA releases comprehensive list of PPP loan recipents, amounts
Published
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact