CENTRAL VIRGINIA REGION
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FOR THE RECORD A new push to revive the shuttered Colonial Downs racetrack is off to a running start with legislation signed into law by Gov. Ralph Northam in April to allow gambling on historical — not live — horse races. The legislation, sponsored by Del. Michael Webert, R-Fauquier, is aimed at reopening Colonial Downs in New Kent County by sweetening the purse for the proposed buyer of the track with the opportunity to offer gambling on machines that rely on a video archive of historical races, with only the odds supplied to bettors. However, Northam also issued an executive directive that would require the Virginia Racing Commission to place “reasonable limitations on the proliferation of gaming in Virginia” as it develops regulations to carry out the law. The governor also directed the commission to include “extensive stakeholder and public engagement” in the regulatory process. (Richmond Times-Dispatch)
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Framatome, a designer and supplier of nuclear power equipment, plans to relocate its North American corporate headquarters from Charlotte, N.C., to Lynchburg. Paris-based AREVA NP was rebranded as Framatome in January. The company is known as Framatome Inc. in North America. The company has 1,300 employees in Lynchburg, 2,300 in North America and 14,000 globally. The company’s employment in Lynchburg is expected to grow with the relocation of its North American headquarters, according to the governor’s office. Framatome is owned by the EDF Group (75.5 percent), Mitsubishi Heavy Industries (19.5 percent) and Assystem (5 percent). (
VirginiaBusiness.com)
Plus over 80 additional investors all working together to address workforce demands and local advocacy in the Richmond Region.
Visit
www.chamberrva.com/futurerva to learn more.
A long-delayed merger between Henrico County-based insurer Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. is being extended for the fourth time, this time to July 1, as the proposed deal remains under review by some government regulatory agencies. Genworth, an insurance company with thousands of employees in Virginia, announced in October 2016 that it had agreed to be acquired by China Oceanwide for $2.7 billion. (Richmond Times-Dispatch)
Hardywood Park Craft Brewery LLC, which has opened its new West Creek brewery and taproom in Goochland County, has completed a $1.3 million capital raise, according to regulatory filings. All of the company’s existing shareholders participated in this round, as well as 10 new investors, who are mostly from
18 MAY 2018
the Richmond area. Hardywood remains an independent, family- owned brewery. (Richmond Times-Dispatch)
High Summit Partners LLC has set its sights on South Richmond, and the group is working with a few others to bring a small-batch brewery and tasting room for The Veil Brewing Co., plus apartments and other retail, to Forest Hill Avenue just south of the Boulevard Bridge. Until now, Birck Turnbull and Charles Bice — the duo behind High Summit Partners — have primarily focused on developments in Scott’s Addition, including The Veil’s acclaimed flagship location. (Richmond Times-Dispatch)
Hunton & Williams, which was founded in Richmond and operates its largest office here, is now called Hunton Andrews Kurth LLP. The name change is part of a merger, effective in early April, between Hunton & Williams and Texas law firm Andrews Kurth Kenyon LLP. The combined firm will be among the top 50 largest in the U.S. by headcount and revenue, with a projected annual revenue exceeding $750 million. It has more than 1,000 lawyers at 20 offices: 15 in the U.S. and five internationally. (Richmond Times-Dispatch)
A former tobacco warehouse in downtown Richmond has officially opened its doors as a business incubator. The 1717 Innovation Center opened in Shockoe Bottom in March. The 42,000-square-foot center at 1717 E. Cary St. is a part- nership between McLean-based Capital One and local incubator Startup Virginia, which moved from a smaller space in downtown Richmond into the new center. (
VirginiaBusiness.com)
Lidl plans to open a grocery store in Richmond in early May on the site of the former Colonial Downs off-track betting parlor on West Broad Street. The store will be the Germany-based discount grocer’s sixth in the Richmond area. (Richmond Times-Dispatch)
Richmond has one of the highest eviction rates in the country, according to new data covering dozens of states and compiled by a team led by the Princeton sociologist Matthew Desmond. His team found records for nearly 900,000 eviction judgments nationwide in 2016, meaning landlords were given the legal right to remove at least one in 50 renter households in the communities covered by this data. That figure was one in 25 in Milwaukee and one in nine in Richmond. And one in five renter households in Richmond were threatened with eviction in 2016. Their landlords began legal proceedings, even
if those cases didn’t end with a lasting mark on a tenant’s record. (The New York Times)
As Charlottesville works on a future streetscape for East High Street, city planners are evaluating a layout for a five-story office build- ing that would replace the Tarleton Oak service station. Tarleton Oak LLC has submitted a site plan for a two-phase project that would first see construction of the office building, followed by a 56-unit apartment complex. There would also be a 334-space parking structure to support both. (The Daily Progress)
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Bon Secours Virginia Health System has named Dr. Roberta C. Bogaev as chief cardiologist and Dr. Robert A. Lancey as chief cardiac surgeon of the Bon Secours Heart and Vascular program across Virginia. Bogaev and Lancey will report to Dr. John McCurley, chief medical officer at Bon Secours Virginia, with Francine Barr, CEO of St. Mary’s Hospital, holding executive responsibility for cardiovascular services. (
VirginiaBusiness.com)
Allison Linney, founder and president of Charlottesville-based communications and management consulting firm Allison Partners, has been selected by the Charlottesville Regional Chamber of Commerce to receive the 2018 Small Business Person of the Year award. (The Daily Progress)
Aashir Nasim has been named vice president for inclusive excel- lence at Virginia Commonwealth University. Nasim was interim se- nior vice provost for faculty affairs and director of the VCU Institute for Inclusion, Inquiry & Innovation, also known as iCubed. (Richmond Free Press)
David K. Paylor has been reappointed by Gov. Ralph Northam as director of the Virginia Department of Environmental Quality, the state agency at the center of the impassioned debate over the state’s handling of a pair of natural gas pipeline projects. Paylor has defended the DEQ’s actions, calling the regulatory process for the projects “the most rigorous for any pipeline in Virginia history.” (Richmond Times-Dispatch)
Ryan White has joined Pinnacle Financial Partners as a financial adviser in Lynchburg as part of the Tennessee-based company’s expansion in Virginia. White previously was a market manager for the South Central Virginia region for BB&T. Pinnacle entered Virginia last year with its acquisition of BNC Bancorp. (News release)
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