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July 2020 Virginia Business & Economic Update

Virginia Business Headlines

Hershey announces $135M Augusta County expansion
Dominion debuts first offshore wind farm in U.S. federal waters
Reston security firm acquired by French company
Va. hotel revenues remain down
Navy raises General Dynamics submarine contract to $9.47B
Virginia Bankers Association elects new board officers
Richmonders launching large hemp processing facility in South Boston
Hilton lays off 2.1K employees, extends furloughs
Ship repair company building $64.4M Newport News campus
Accenture Federal Services wins $341M federal contract
McLean analytics company acquires Md. software firm
Calif. tech firm’s $12.4M Va. relocation will create 700 jobs
Arlington defense contractor wins Air Force contract worth up $950M
Central Va. CEOs unhappy with pace of reopening
UK software company buys Chesterfield’s Mapcom Systems
McLean defense contractor buys Reston software company
Orbital Sciences Corp. wins $187M NASA contract
Charlottesville energy companies move toward merger
Arlington tech company wins $1.5B contract
Leidos lands contract worth $401M
PeakLogix to be acquired by Michigan company
Hotels saw 66% revenue drop in late May compared to 2019
Private equity firm to acquire Herndon tech company
Richmond businesses suffer looting, vandalism during protests

Virginia Economy, Government & Education Headlines

U.S. Supreme Court overturns 4th Circuit ruling that would have blocked pipeline crossing
Northam recommends $4.2M in funding for SWVA projects
Loudoun County funds 400 additional small businesses
375K+ remain unemployed in Va. during pandemic
Phase Three reopening starts July 1
More small business relief funding on the way in Chesterfield
State directs nearly $250M to long-term care facilities for COVID-19
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
State extends utility disconnect ban to Aug. 31
State General Fund revenues fell 20.6% in May
Regulators open up applications for electricity aggregation experiment
Here is how colleges in Virginia will be allowed to reopen
New Headline Sources: Virginia Business,,

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