VEC reduces backlog by 89%
Backlog of separation claims down to to 27,728 from 246,273
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The Virginia Employment Commission has decreased its backlog by nearly 89%, Gov. Glenn Youngkin announced Monday. The VEC reduced the backlog of employment separation reports from 246,273 to 27,728 and unpaid pending claims from 24,887 to 15,846 claims. “Virginians deserve an unemployment insurance system that is responsive, efficient and customer focused,” Youngkin said in a
VCU receives $104M gift for liver research
Donation from Dr. R. Todd Stravitz, foundation is largest in university's history
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Dr. Richard Todd Stravitz and his family’s Barbara Brunckhorst Foundation gave an unprecedented $104 million donation to Virginia Commonwealth University to support liver research, VCU President Michael Rao announced Tuesday during his State of the University address. The largest gift in VCU’s history, it’s also believed to be the largest publicly shared gift to support
SeaWorld makes $3.4B offer for Kings Dominion parent company
Busch Gardens Williamsburg owner would also acquire Hanover theme park
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A reported $3.4 billion acquisition bid from Orlando-based SeaWorld Entertainment Inc. could result in Virginia’s two major theme parks being under the same ownership. SeaWorld, parent company of Busch Gardens Williamsburg, has made an unsolicited offer to acquire Ohio-based Cedar Fair Entertainment Co., which owns the Kings Dominion theme park in Hanover County’s Doswell area.
George Mason hires chief diversity officer
Sharnnia Artis is assistant dean for access and inclusion for two UC Irvine schools
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Sharnnia Artis will be George Mason University’s vice president for diversity, equity and inclusion and chief diversity officer, beginning Sept. 1. Artis currently serves as the assistant dean for access and inclusion in the Donald Bren School of Information and Computer Sciences and Samueli School of Engineering at the University of California, Irvine. George Mason
Old Point National Bank appoints VP operations
Christopher Hobbs comes from U.Va. Community Credit Union
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Hampton-based Old Point National Bank has appointed Christopher Hobbs as its vice president of operations, the bank announced Wednesday. “We are so pleased to have Chris Hobbs join the Old Point family,” said Susan R. Ralston, executive vice president and chief operating officer for Old Point, in a statement. “His expertise will be instrumental as
Shield AI acquires Alexandria-based defense contractor
Companies creating AI pilots for military aircraft
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Alexandria-based defense contractor Heron Systems Inc. was acquired by San Diego-based technology company Shield AI, according to announcement Thursday from Shield AI. Financial details of the transaction were not disclosed. The companies will work on the deployment of artificial intelligent pilots for military aircraft. Shield AI is applying self-driving car technologies to military aircraft, according
Danville apartment complex sells for $7.85M
100-unit Turnpike Townhomes is on Franklin Turnpike
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Danville Investors LLC sold the 100-unit Turnpike Townhomes for $7.85 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Turnpike Townhome Apartments LLC purchased the apartments at 1300 Franklin Turnpike, as well as parcels of adjacent vacant land, on June 21. Clay Taylor, a certified commercial investment member, of Cushman & Wakefield |
John Tyler Community College renamed Brightpoint
Slaveholding, Confederacy-supporting namesake didn't reflect institutional values, college said
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John Tyler Community College will become Brightpoint Community College after receiving unanimous approval from the Virginia Community College System state board in its Thursday meeting. On July 8, John Tyler Community College President Edward “Ted” Raspiller announced that he had recommended Brightpoint Community College as the school’s new name to the state board. The Chester
Virginia Lottery reports record $3.26B in annual revenue
Nearly 30% increase in profits attributed to online lottery sales
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The Virginia Lottery posted an all-time record $3.26 billion in annual sales and a record $765 million in profits for the fiscal year that ended June 30, the lottery’s board announced Wednesday. The lottery saw a 52% increase in revenue and a nearly 30% increase in profits over the prior fiscal year. The introduction of
Virginia could receive $530M from $26B opioids settlement
Deal with drug distributors, Johnson & Johnson announced by states attorneys general
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Virginia is expected to receive about $530 million as part of a $26 billion settlement that the nation’s three primary drug distributors and pharmaceutical manufacturer Johnson & Johnson reached Wednesday with the states that would release the companies from legal liability in the opioid crisis. A majority of the roughly $530 million that Virginia is expected