Central Virginia
U.Va. program guarantees job interviews for certificate students
Three companies have signed on for program with others in the works
Published
The University of Virginia is partnering with companies to guarantee job interviews for some certificate students. The program comes from an agreement between U.Va’s School of Continuing and Professional Studies,
Liberty launches search for new president
Consultancy to run national search to replace Prevo
Published
Liberty University announced Wednesday that it has hired an Atlanta-based executive search firm to find its next president, who will succeed Jerry Prevo, the longtime board chair who became the
Va. Credit Union loses bid to expand membership
SCC rules VACU can't add 10K Medical Society of Va. members
Published
The Virginia State Corporation Commission ruled Wednesday that the Chesterfield County-based Virginia Credit Union cannot expand its membership to the Medical Society of Virginia, possibly resolving a three-year battle between
U.Va. creates new center for real estate
Center to be part of McIntire School of Commerce
Published
The University of Virginia has established a new Center for Real Estate and the Built Environment at the McIntire School of Commerce with a $10 million alumni gift, the university
Eastern Virginia
TowneBank to acquire Farmers Bank
Deal valued at about $56M
Published
Suffolk-based TowneBank has agreed to acquire Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, the two companies announced Thursday. The deal is expected to close early next year.
Old Point National Bank appoints VP operations
Christopher Hobbs comes from U.Va. Community Credit Union
Published
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
Va. hotel revenues still lagging pre-pandemic levels
June revenues decreased 22% compared with June 2019
Published
Virginia hotel revenues for June 2021 were down 22% compared with pre-pandemic levels in June 2019, according to newly released data from STR Inc., a CoStar Group division that provides
TowneBank acquires Tennessee cabin rental company
Venture Resorts manages 400 vacation rental properties in Smoky Mountains
Published
Suffolk-based TowneBank acquired Tennessee-based vacation property rental company Venture Resorts Inc. on July 1, the bank announced Monday. Financial details of the transaction were not disclosed. “This is an exciting
Northern Virginia
Artemis I to launch with help from Va. contractors
Northrop Grumman, SAIC, Boeing play roles in mission
Published
EDITOR’S NOTE: Monday’s launch was scrubbed by NASA shortly after 8:33 a.m. because of an engine issue. Weather permitting, if the Artemis 1 moon mission launches from NASA’s Kennedy Space
U.Va. program guarantees job interviews for certificate students
Three companies have signed on for program with others in the works
Published
The University of Virginia is partnering with companies to guarantee job interviews for some certificate students. The program comes from an agreement between U.Va’s School of Continuing and Professional Studies,
George Mason hires chief diversity officer
Sharnnia Artis is assistant dean for access and inclusion for two UC Irvine schools
Published
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
Shield AI acquires Alexandria-based defense contractor
Companies creating AI pilots for military aircraft
Published
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.
Roanoke/New River Valley
Va. Tech extends president’s contract through 2027
Tim Sands has served since 2014
Published
Metallica won’t be playing “Exit Sandman” anytime soon — Virginia Tech President Tim Sands will stay on as the university’s president though the 2027 academic year. The university’s board of
Northam appoints members to newly created cannabis boards
Boards will regulate cannabis market and manage equity fund
Published
Virginia Gov. Ralph Northam has appointed members to three newly created oversight boards for the legalization of recreational marijuana, his office announced today. On July 1, Virginia’s adult-use cannabis legislation
Plastics equipment manufacturer to reopen Pulaski facility
Xaloy Holdings to produce 35 jobs, investing $1.75 million
Published
Plastics industry equipment manufacturer Xaloy Holdings LLC will move its barrel manufacturing operation from Ohio back to Virginia, reopening its former facility in Pulaski County, Gov. Ralph Northam announced Thursday.
Draper Aden Associates names new CIO
Lud Eng was firm's director of IT
Published
Richmond-based engineering, surveying and environmental firm Draper Aden Associates promoted Lud Eng to chief information officer on July 1. Eng, who is based in Blacksburg, previously served as the firm’s
Shenandoah Valley
JMU entrepreneurship center hires new director
Suzanne Bergmeister comes from the University of Louisville
Published
James Madison University announced Thursday that Suzanne Bergmeister has been named the next executive director of its Gilliam Center for Entrepreneurship. She comes from the University of Louisville’s Forcht Center
Shenandoah Growers taps ex-Starbucks exec as new CEO
Indoor agriculture company also hires new CFO
Published
Rockingham County-based indoor agriculture company Shenandoah Growers Inc. has appointed former Starbucks Inc. Chief Marketing Officer Matthew Ryan as the company’s new CEO. And Mike Buckley, former senior vice president
Clouds gathering over big solar farms in Va.?
Published
In recent years, many solar farms have been approved by local governments across the state, but the outlook in some areas isn’t so sunny anymore. In Frederick County, the Board
Shenandoah Growers taps new chief science officer
Tessa Pocock joins Rockingham-based greens grower
Published
Tessa Pocock has been named Shenandoah Growers Inc.’s new chief science officer effective immediately, coming to the Rockingham County-based indoor agriculture company from San Francisco-based Plenty Unlimited Inc., where she
Southern Virginia
Danville apartment complex sells for $7.85M
100-unit Turnpike Townhomes is on Franklin Turnpike
Published
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
Commercial truck, van floor manufacturer to build $12.8M plant in Patrick County
Prolam LLC will create 58 jobs at new facility
Published
Prolam LLC, a Canadian manufacturer of hardwood floors for commercial trucks and dry van trailers, will invest $12.8 million to establish its first U.S. manufacturing plant at the former Ten
Pittsylvania officials hope to spur brownfields development
Published
Pittsylvania County’s growth trajectory received an added boost in May when the U.S. Environmental Protection Agency awarded the county a $600,000 grant to conduct environmental due diligence on 18 brownfield
UK manufacturer to build $6.4M facility in Danville
MEP Ltd. will locate new U.S. operation at Danville-Pittsylvania Cyber Park
Published
MEP Ltd., a manufacturer of complex plastic and metal components for the aerospace and defense sectors, will invest $6.4 million to establish its first U.S. operation in Danville, creating 45
Southwest Virginia
Hard Rock names president of new Bristol hotel and casino
Temporary casino to open in second quarter
Published
Hard Rock International Inc. has announced a president to lead its and casino operations in Bristol. Allie Evangelista most recently served three years as a vice president and general manager
United Way of SW Va. names marketing, communications director
Scott Robertson was managing editor of The Business Journal of Tri-Cities
Published
The United Way of Southwest Virginia named Scott Robertson as its director of marketing and communications. He will assume the role on Aug. 9, according to the Abingdon-based nonprofit. Robertson
Virginia to spend $700M on universal broadband by 2024
Federal stimulus funding will help cut 10-year goal to three years
Published
Ahead of the General Assembly’s August special session, Gov. Ralph Northam announced Friday he wants to spend $700 million of Virginia’s federal relief funding on expanding broadband access to all
Region hopes for jolt from batteries, electrification
Published
Adam Wells is charged up about a plan to create a “battery and electrification economy” in Southwest Virginia. “This is the most exciting thing that I’m working on,” says Wells,
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