Atlantic Union Bank branches will be closed on Monday, October 10th in observance of Columbus Day and Indigenous People's Day. Learn More

Back
Your Wealth
07.09.20

July 2020 Virginia Business & Economic Update

Virginia Business Headlines

Hershey announces $135M Augusta County expansion
https://www.virginiabusiness.com/article/hershey-announces-135m-augusta-county-expansion/
 
Dominion debuts first offshore wind farm in U.S. federal waters
https://www.virginiabusiness.com/article/dominion-debuts-first-offshore-wind-farm-in-u-s-federal-waters/
 
Reston security firm acquired by French company
https://www.virginiabusiness.com/article/reston-security-firm-acquired-by-french-company/
 
Va. hotel revenues remain down
https://www.virginiabusiness.com/article/va-hotel-revenues-remain-down/
 
Navy raises General Dynamics submarine contract to $9.47B
https://www.virginiabusiness.com/article/defense-department-raises-general-dynamics-submarine-contract-to-9-47b/
 
Virginia Bankers Association elects new board officers
https://www.virginiabusiness.com/article/virginia-bankers-association-elects-new-board-officers/
 
Richmonders launching large hemp processing facility in South Boston
https://www.virginiabusiness.com/article/richmonders-launching-large-hemp-processing-facility-in-south-boston/
 
Hilton lays off 2.1K employees, extends furloughs
https://www.virginiabusiness.com/article/hilton-laying-off-2-1k-employees-extend-furloughs/
 
Ship repair company building $64.4M Newport News campus
https://www.virginiabusiness.com/article/east-coast-repair-and-fabrication-bringing-campus-to-newport-news/
 
Accenture Federal Services wins $341M federal contract
https://www.virginiabusiness.com/article/accenture-federal-services-wins-341m-federal-contract/
 
McLean analytics company acquires Md. software firm
https://www.virginiabusiness.com/article/mclean-analytics-company-acquires-md-software-firm/
 
Calif. tech firm’s $12.4M Va. relocation will create 700 jobs
https://www.virginiabusiness.com/article/calif-tech-firms-1-2m-va-relocation-will-create-700-jobs/
 
Arlington defense contractor wins Air Force contract worth up $950M
https://www.virginiabusiness.com/article/arlington-defense-contractor-wins-air-force-contract-worth-up-950m/
 
Central Va. CEOs unhappy with pace of reopening
https://www.virginiabusiness.com/article/central-va-ceos-unhappy-with-pace-of-reopening/
 
UK software company buys Chesterfield’s Mapcom Systems
https://www.virginiabusiness.com/article/uk-software-company-buys-chesterfields-mapcom-systems/
 
McLean defense contractor buys Reston software company
https://www.virginiabusiness.com/article/mclean-defense-contractor-buys-reston-software-company/
 
Orbital Sciences Corp. wins $187M NASA contract
https://www.virginiabusiness.com/article/orbital-sciences-corp-wins-187b-nasa-contract/
 
Charlottesville energy companies move toward merger
https://www.virginiabusiness.com/article/charlottesville-energy-companies-move-toward-merger/
 
Arlington tech company wins $1.5B contract
https://www.virginiabusiness.com/article/arlington-tech-company-wins-1-5b-contract/
 
Leidos lands contract worth $401M
https://www.virginiabusiness.com/article/leidos-lands-contract-worth-401m/
 
PeakLogix to be acquired by Michigan company
https://www.virginiabusiness.com/article/peaklogix-to-be-acquired-by-michigan-company/
 
Hotels saw 66% revenue drop in late May compared to 2019
https://www.virginiabusiness.com/article/hotels-saw-66-revenue-drop-in-late-may-compared-to-2019/
 
Private equity firm to acquire Herndon tech company
https://www.virginiabusiness.com/article/private-equity-firm-to-acquire-herndon-tech-company/
 
Richmond businesses suffer looting, vandalism during protests
https://www.virginiabusiness.com/article/picking-up-the-pieces/
 

Virginia Economy, Government & Education Headlines

U.S. Supreme Court overturns 4th Circuit ruling that would have blocked pipeline crossing
https://roanoke.com/news/virginia/u-s-supreme-court-overturns-4th-circuit-ruling-that-would-have-blocked-pipeline-crossing/article_ec644106-776e-59da-963e-c1f683b63b52.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=f239cbf025-EMAIL_CAMPAIGN_2020_06_16_01_05&utm_medium=email&utm_term=0_00e3179567-f239cbf025-148454077
 
Northam recommends $4.2M in funding for SWVA projects
https://www.virginiabusiness.com/article/northam-recommends-4-2m-in-funding-for-swva-projects/
 
Loudoun County funds 400 additional small businesses
https://www.virginiabusiness.com/article/loudoun-county-funds-400-additional-small-businesses/
 
375K+ remain unemployed in Va. during pandemic
https://www.virginiabusiness.com/article/47-5m-americans-remain-jobless/
 
Phase Three reopening starts July 1
https://www.virginiabusiness.com/article/phase-three-reopening-to-start-july-1/
 
More small business relief funding on the way in Chesterfield
https://www.virginiabusiness.com/article/more-small-business-relief-funding-on-the-way-in-chesterfield/
 
State directs nearly $250M to long-term care facilities for COVID-19
https://www.virginiabusiness.com/article/state-directs-nearly-250m-to-long-term-care-facilities-for-covid-19/
 
12K+ Virginians refuse to return to work amid pandemic
https://www.virginiabusiness.com/article/12k-virginians-refuse-to-return-to-work-amid-pandemic/
 
Roanoke College plans $6 million in budget cuts due to pandemic's effects, including eliminating 14 jobs
https://roanoke.com/news/education/roanoke-college-plans-6-million-in-budget-cuts-due-to-pandemics-effects-including-job-cuts/article_29ab31b3-dc27-5908-a228-93bcb87b7881.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=5cda149052-EMAIL_CAMPAIGN_2020_06_24_01_21&utm_medium=email&utm_term=0_00e3179567-5cda149052-148454077
 
State extends utility disconnect ban to Aug. 31
https://www.virginiabusiness.com/article/state-extends-utility-disconnect-ban-to-aug-31/
 
State General Fund revenues fell 20.6% in May
https://www.virginiabusiness.com/article/states-general-fund-revenues-fall-20-6-in-may/
 
Regulators open up applications for electricity aggregation experiment
https://www.virginiamercury.com/blog-va/regulators-open-up-applications-for-electricity-aggregation-experiment/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=fd8ddd10b3-EMAIL_CAMPAIGN_2020_06_12_10_34&utm_medium=email&utm_term=0_00e3179567-fd8ddd10b3-148454077
 
Here is how colleges in Virginia will be allowed to reopen
https://www.richmond.com/news/virginia/here-is-how-colleges-in-virginia-will-be-allowed-to-reopen/article_1c46f70c-2850-5d83-8df9-f8273deabd06.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=fd8ddd10b3-EMAIL_CAMPAIGN_2020_06_12_10_34&utm_medium=email&utm_term=0_00e3179567-fd8ddd10b3-148454077
 
 
New Headline Sources: Virginia Business, Roanoke.com, Richmond.com
 

This website uses cookies. By accepting the use of cookies, this message will close and you will receive the optimal website experience. For more information on our cookie policy, please visit our Privacy Policy.