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Virginia hotels, attractions shut down during pandemic
“April is the cruelest month,” T.S. Eliot wrote, but for the hospitality and tourism industries, the cruelty began in March. With conferences and conventions canceling reservations amid the pandemic, hotels and convention centers across the commonwealth have temporarily shut down operations, furloughing and laying off workers. By late March, Virginia lost more than 23,000 hotel
Opinion
Setting the rules of the game
Published
In mid-March, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, and two weeks later, on April 3, the Steven Mnuchin-led U.S. Department of Treasury finalized its plan to provide emergency loans to small businesses. This extraordinary action signaled a dramatic break from contemporary politics. The presumed correlation between capitalism and democracy was
From This Issue
A new line of work
Workforce training program aims to fill gap for mid-skilled workers
Published
As a single mother, Megan Yeager began working as a pizza delivery driver. Over the years, she rose to regional manager of a small pizza chain in the Richmond area. But the pizza chain couldn’t offer her what she wanted in a career: vision and dental care, retirement benefits, career advancement opportunities and, most importantly,
Veterans helping veterans
Vet-owned tech firm contracts for U.S. Veterans Affairs
Published
September 2019 was a big month for B3 Group Inc. The Herndon-based information technology services company was among the contract winners for a $686 million task order from the U.S. Department of Veterans Affairs (VA) Digital Transformation Center. The same month, it was selected for a 15-year, $59.9 million contract to provide the VA with
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Followups: Altria CEO retires
Published
Altria Group Inc. Chairman and CEO Howard Willard, who took a medical leave of absence in March after testing positive for COVID-19, retired from heading the Henrico County-based Fortune 500 tobacco company on April 14. Altria’s board of directors elected former Philip Morris USA President and CEO William F. “Billy” Gifford Jr. to serve as
2020 Virginia’s Fantastic 50
Published
A list of Virginia’s fastest-growing companies, the 2020 Fantastic 50. Subscribe to Virginia Business. Get our daily e-newsletter.
Va. Beach contractor lands $782M Navy contract
Published
Navy veteran Terry Spitzer has dedicated much of his career to manufacturing equipment to be used by his former U.S. Armed Forces branch. In April, Global Technical Systems (GTS), the Virginia Beach-based company Spitzer and his wife, Yusun, co-founded in 1997, landed a $782 million contract to manufacture equipment for the Navy’s combat system network.
Danville, Pittsylvania land on top ‘micropolitan’ list
Published
A yin-and-yang approach has led to business success in the city of Danville and Pittsylvania County, which were collectively named the No. 6 micropolitan area in the nation by Site Selection Magazine in April. It’s the third time the region has landed in the top 10 list, which is based on economic development deals in
A catalyst for change
Alpha Omega Integration focuses on customers, workers
Published
An unhappy customer was the engine for change at Alpha Omega Integration LLC — and is a major factor the Vienna-based information technology solutions company attributes to its success. Alpha Omega won an IT contract from the U.S. Department of State’s Bureau of Information Resource Management in 2018. But three weeks later, the agency said
Cash crop?
Hemp growers find crowded, uncertain market
Published
Petunias, plants, strawberries, meat, tomatoes and more have been the primary revenue sources for Rolling Meadows Farms during the past 31 years. Tim Belcher took over the 400-acre Martinsville family farm in 1989 after his father retired. Now, the farm has a new product line and Belcher has high hopes that it could run neck
For the Record — May/June 2020
Published
EASTERN VIRGINIA Armada Hoffler Properties Inc. announced in April that a deal to sell seven of its grocery-anchored shopping centers, including two in Hampton Roads, had fallen through. The Virginia Beach developer that built Town Center also said it had indefinitely postponed all asset acquisition activity. The company had planned to get $106.5 million from
High-rise horizon
Arlington readies for birth of National Landing
Published
The numbers are mind-boggling. During the next decade, Amazon.com Inc. plans to develop about 6 million square feet of office space in Arlington County’s Crystal City, Pentagon City and Potomac Yard areas to accommodate the mammoth e-tailer’s new HQ2 East Coast headquarters. That’s almost as large as the biggest office building in the world, the
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