For the Record – Central Virginia, July 2013

Published June 28, 2013 by Virginia Business

The Bon Secours Washington Redskins Training Center in Richmond was scheduled to be ready by June 30, several weeks before the beginning of the NFL team’s summer training camp on July 25. The Richmond Economic Development Authority built the $10.8 million facility, and Bon Secours has committed to a 10-year sponsorship package that includes $3.2 million for the naming rights. The camp, which will run through Aug. 16, is expected to attract more than 100,000 fans. (VirginiaBusiness.com)

Richmond-based Dominion Virginia Power is asking state regulators to approve a rate increase that would raise the average customer’s bill by $2.36. The utility says the increase is needed because demand and fuel prices are expected to rise by July 2014. If the State Corporation Commission approves the increase, the average Dominion customer would pay $110.75 per month, up from an average of $108.39 for 1,000-kilowatt hours. The increase would occur July 1. (VirginiaBusiness.com)

Henrico County based Genworth Financial Inc. announced in June it will cut 250 jobs to reduce expenses. A spokesman said fewer than 100 job losses would occur in the Richmond area, while fewer than 50 would occur in Lynchburg. The remaining 100 will be cut from locations throughout the U.S. and Europe. The company is eliminating a total of 400 positions, including 150 open positions that will not be filled. Genworth said it also would reduce related information technology and program spending. (VirginiaBusiness.com)

Richmond-based Media General Inc. and Nashville-based New Young Broadcasting Holding Co. plan to merge in an all-stock deal. The combined company will keep the Media General name and will be based in Richmond. The new company will have 30 television stations operating in 27 markets. Under the merger deal, Media General will create a new class of common stock, which will be entitled to elect all of the company’s directors. (VirginiaBusiness.com)

Richmond-based Union First Market Bankshares plans to acquire Charlottesville-based StellarOne in a $445.1 million stock deal. The move will create the largest community bank in Virginia. Union will keep its name, and its corporate headquarters will remain in Richmond. Under the terms of the agreement, common shareholders of StellarOne will receive 0.9739 shares of Union common stock for each share of StellarOne. (VirginiaBusiness.com)

The National Geographic Channel is returning to Richmond to film a historical television drama based on “Killing Kennedy,” a book by talk show host Bill O’Reilly. In 2011, the cable television channel filmed another historical drama in Richmond based on O’Reilly’s popular book “Killing Lincoln.” For the latest film, National Geographic Channel again has teamed with Ridley Scott and Los Angeles-based Scott Free Productions, which produced “Killing Lincoln.” The film will be eligible for state incentives after production is completed. Casting for the project is under way. (VirginiaBusiness.com)

Nelson Westerberg, a moving and relocation service, has established an 82,000-square-foot operation in Dinwiddie County, creating 75 new jobs. The company is opening its new location in the former Ingram Books facility. The new location adds a Virginia/Washington, D.C., market to its existing national and global presence. Matt Smith will serve as the general manager and vice president of Nelson Westerberg of Virginia. (VirginiaBusiness.com)

Radiology Associates of Richmond has begun providing service at Spotsylvania Regional Medical Center.  Radiology is a medical specialty that employs the use of imaging to both diagnose and treat disease visualized within the human body.  They serve at Spotsylvania Regional throughout the week and on the weekend, providing 24/7 coverage. (News release)

Della G. Conti, a veteran real estate executive with more than 30 years of experience, has opened a new independent commercial real estate firm in the Richmond market. RVA Commercial Real Estate, which will specialize in tenant representation for the leasing and sales of local office, industrial and retail properties. A small portion of the business will be with landlord representation. (VirginiaBusiness.com)