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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
 

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