For more information on PPP Forgiveness.

Click here
Back
Your Wealth
06.01.20

June 2020 Virginia Business & Economic Update

Virginia Business Headlines for June

Richmond businesses suffer looting, vandalism during protests
https://www.virginiabusiness.com/article/picking-up-the-pieces/
 
Microsoft to invest $64M in Fairfax County expansion, create 1,500 jobs
https://www.virginiabusiness.com/article/microsoft-to-invest-64m-in-fairfax-county-expansion-create-1500-jobs/
 
Dinwiddie company wins $107M I-95 contract
https://www.virginiabusiness.com/article/dinwiddie-ccompany-wins-107m-i-95-contract/
 
New Richmond-based pharma startup with $350M in funding eyes facility in Petersburg
https://richmondbizsense.com/2020/05/20/new-richmond-based-pharma-startup-with-350m-in-funding-eyes-facility-in-petersburg/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=bdeb326aec-EMAIL_CAMPAIGN_2020_05_20_01_04&utm_medium=email&utm_term=0_00e3179567-bdeb326aec-148454077
 
Google wins seven-figure DoD contract
https://www.virginiabusiness.com/article/google-wins-dod-contract/
 
Booz Allen wins $800M AI defense contract
https://www.virginiabusiness.com/article/booz-allen-wins-800m-federal-contract/
 
Trump administration chooses RVA pharma startup for $354M COVID-19 contract
https://www.virginiabusiness.com/article/trump-administration-chooses-rva-pharma-startup-for-354m-covid-19-contract/
 
One-third of small businesses not operating during pandemic
https://www.virginiabusiness.com/article/one-third-of-small-businesses-not-operating-during-pandemic/
 
It may take years for economy to recover, construction economist says
https://www.virginiabusiness.com/article/it-may-take-years-for-economy-to-recover-construction-economist-says/
 
Nearly $12.7 billion in coronavirus relief loans have been approved for Virginia small businesses
https://www.richmond.com/business/nearly-12-7-billion-in-coronavirus-relief-loans-have-been-approved-for-virginia-small-businesses/article_2640aff3-f445-550f-b7c5-840a446a6aae.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=9e8854c793-EMAIL_CAMPAIGN_2020_05_07_02_15&utm_medium=email&utm_term=0_00e3179567-9e8854c793-148454077
 
What does ‘reopening’ actually mean?
https://www.virginiabusiness.com/article/what-does-reopening-actually-mean/
 
McLean satellite operator Intelsat files for bankruptcy
https://www.virginiabusiness.com/article/mclean-satellite-operator-intelsat-files-for-bankruptcy/
 
Excella wins $20B federal contract for IT services
https://www.virginiabusiness.com/article/excella-wins-20b-federal-contract/
 
Richmond pharmaceutical company expands into Canada
https://www.virginiabusiness.com/article/richmond-pharmaceutical-company-expands-into-canada/
 
Plastics company plans 200 jobs, $34M investment in Pittsylvania
https://www.virginiabusiness.com/article/plastics-company-plans-200-jobs-34m-investment-in-pittsylvania/
 
Richmond-based Sauer Brands buys the maker of Kernel Season's popcorn seasonings
https://www.richmond.com/business/richmond-based-sauer-brands-buys-the-maker-of-kernel-seasons-popcorn-seasonings/article_a5c2d14f-7909-5655-bb70-fa8a220efe54.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=bc459fe138-EMAIL_CAMPAIGN_2020_05_06_01_06&utm_medium=email&utm_term=0_00e3179567-bc459fe138-148454077
 
J. Crew takes cover in Richmond bankruptcy court
https://richmondbizsense.com/2020/05/05/j-crew-takes-cover-in-richmond-bankruptcy-court/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=52da0e03dc-EMAIL_CAMPAIGN_2020_05_05_01_08&utm_medium=email&utm_term=0_00e3179567-52da0e03dc-148454077
 
Reston-based Leidos acquires L3Harris businesses for $1B
https://www.virginiabusiness.com/article/reston-based-leidos-acquires-l3harris-businesses-for-1b/
 
Three Norwegian cruise ships are docked in Portsmouth through June, but they have no passengers
https://www.pilotonline.com/news/vp-nw-norwegian-cruise-ships-20200504-uluoakfomjczziyteuks2nu64y-story.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=52da0e03dc-EMAIL_CAMPAIGN_2020_05_05_01_08&utm_medium=email&utm_term=0_00e3179567-52da0e03dc-148454077
 
Medical cannabis operator readies Manchester facility, eyes five dispensary sites in region
https://richmondbizsense.com/2020/05/01/medical-cannabis-operator-readies-manchester-facility-eyes-five-more-sites-in-region/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=060ca7462b-EMAIL_CAMPAIGN_2020_05_01_01_53&utm_medium=email&utm_term=0_00e3179567-060ca7462b-148454077
 
New Richmond pharma startup aims to shore up U.S. generic drug supply
https://richmondbizsense.com/2020/05/01/new-richmond-pharma-startup-aims-to-shore-up-u-s-generic-drug-supply/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=060ca7462b-EMAIL_CAMPAIGN_2020_05_01_01_53&utm_medium=email&utm_term=0_00e3179567-060ca7462b-148454077
 
Henrico printing plant closing, laying off 184 workers
https://www.virginiabusiness.com/article/henrico-printing-plant-closing-laying-off-184-workers/
 

Virginia Economy, Government & Education Headlines for May

402K+ Virginians still unemployed, although initial claims fall
https://www.virginiabusiness.com/article/2-1m-americans-filed-jobless-claims-last-week/
 
Regulators warn utility disconnection moratorium ‘is not sustainable’
https://www.virginiamercury.com/2020/05/28/regulators-warn-utility-disconnection-moratorium-is-not-sustainable/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=273e222067-EMAIL_CAMPAIGN_2020_05_28_01_43_COPY_01&utm_medium=email&utm_term=0_00e3179567-273e222067-148454077
 
University of Virginia plans to bring students back in late August
https://www.richmond.com/news/virginia/university-of-virginia-plans-to-bring-students-back-in-late-august/article_c3b6b96d-cbad-5cf7-b3c6-c60dc231da1d.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=273e222067-EMAIL_CAMPAIGN_2020_05_28_01_43_COPY_01&utm_medium=email&utm_term=0_00e3179567-273e222067-148454077
 
Governor denies Richmond mayor’s request for “modified” reopening
https://www.virginiabusiness.com/article/governor-denies-richmond-mayors-request-for-modified-reopening/
 
Northam signs $135B two-year state budget
https://www.virginiabusiness.com/article/northam-signs-135b-two-year-state-budget/
 
$2.2 billion in federal funding headed to state agencies
https://www.virginiabusiness.com/article/federal-funding-headed-to-state-agencies-governor-says/
 
Ahead of reopening, some businesses ask: Who shaped the Phase One guidelines?
https://www.richmond.com/special-report/coronavirus/some-virginia-businesses-ask-who-shaped-the-phase-one-guidelines/article_39a147c9-f343-5ef3-9dd3-1276ae9f33c8.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=87593e3d8e-EMAIL_CAMPAIGN_2020_05_14_01_12&utm_medium=email&utm_term=0_00e3179567-87593e3d8e-148454077
 
Virginia to send $650 million in U.S. aid to local governments, makes testing priority for state's share
https://www.richmond.com/news/virginia/watch-now-virginia-to-send-650-million-in-u-s-aid-to-local-governments-makes/article_f6387502-7a94-5b58-bbfd-f4a92daf6f35.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=010d5aca50-EMAIL_CAMPAIGN_2020_05_12_01_21&utm_medium=email&utm_term=0_00e3179567-010d5aca50-148454077
 
State tax collection revenue fell 26.2% in April
https://www.virginiabusiness.com/article/state-tax-collection-revenue-fell-26-2-in-april/
 
D.C./Va./Md. COVID-19 task force forms for economic strategy
https://www.virginiabusiness.com/article/d-c-va-md-covid-19-task-force-forms-for-economic-strategy/
 
Reopening: Too early, or not soon enough?
https://www.virginiabusiness.com/article/too-early-or-not-soon-enough/
 
Localities can tighten restrictions after businesses reopen, Northam says
https://www.virginiabusiness.com/article/localities-can-place-further-restrictions-when-businesses-reopen-statewide-northam-says/
 
Fall forward: College reopening decisions
https://www.roanoke.com/news/education/fall-forward-college-reopening-decisions/article_091c5794-4656-567a-8ed2-06c9187f805d.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=e566d3aefa-EMAIL_CAMPAIGN_2020_05_11_01_21&utm_medium=email&utm_term=0_00e3179567-e566d3aefa-148454077
 
Chamber, county seek to ‘relaunch’ economy
https://www.chesterfieldobserver.com/articles/chamber-county-seek-to-relaunch-economy/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=bc459fe138-EMAIL_CAMPAIGN_2020_05_06_01_06&utm_medium=email&utm_term=0_00e3179567-bc459fe138-148454077
 
ODU plans to reopen the university for 2020 fall semester
https://www.wavy.com/news/local-news/norfolk/colleges-universities-reopen/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=060ca7462b-EMAIL_CAMPAIGN_2020_05_01_01_53&utm_medium=email&utm_term=0_00e3179567-060ca7462b-148454077

 

News Headline Sources: Virginia Business, Virginia Mercury, Chesterfield Observer, Richmond BizSense, Richmond.com, PilotonLine.com, Ronoak.com, Wavy.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.