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June 2020 Virginia Business & Economic Update

Virginia Business Headlines for June

Richmond businesses suffer looting, vandalism during protests
Microsoft to invest $64M in Fairfax County expansion, create 1,500 jobs
Dinwiddie company wins $107M I-95 contract
New Richmond-based pharma startup with $350M in funding eyes facility in Petersburg
Google wins seven-figure DoD contract
Booz Allen wins $800M AI defense contract
Trump administration chooses RVA pharma startup for $354M COVID-19 contract
One-third of small businesses not operating during pandemic
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
What does ‘reopening’ actually mean?
McLean satellite operator Intelsat files for bankruptcy
Excella wins $20B federal contract for IT services
Richmond pharmaceutical company expands into Canada
Plastics company plans 200 jobs, $34M investment in Pittsylvania
Richmond-based Sauer Brands buys the maker of Kernel Season's popcorn seasonings
J. Crew takes cover in Richmond bankruptcy court
Reston-based Leidos acquires L3Harris businesses for $1B
Three Norwegian cruise ships are docked in Portsmouth through June, but they have no passengers
Medical cannabis operator readies Manchester facility, eyes five dispensary sites in region
New Richmond pharma startup aims to shore up U.S. generic drug supply
Henrico printing plant closing, laying off 184 workers

Virginia Economy, Government & Education Headlines for May

402K+ Virginians still unemployed, although initial claims fall
Regulators warn utility disconnection moratorium ‘is not sustainable’
University of Virginia plans to bring students back in late August
Governor denies Richmond mayor’s request for “modified” reopening
Northam signs $135B two-year state budget
$2.2 billion in federal funding headed to state agencies
Ahead of reopening, some businesses ask: Who shaped the Phase One guidelines?
Virginia to send $650 million in U.S. aid to local governments, makes testing priority for state's share
State tax collection revenue fell 26.2% in April
D.C./Va./Md. COVID-19 task force forms for economic strategy
Reopening: Too early, or not soon enough?
Localities can tighten restrictions after businesses reopen, Northam says
Fall forward: College reopening decisions
Chamber, county seek to ‘relaunch’ economy
ODU plans to reopen the university for 2020 fall semester


News Headline Sources: Virginia Business, Virginia Mercury, Chesterfield Observer, Richmond BizSense,,,,

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