Virginia Business – Page 2

Virginia Loses ‘Top State for Business’ Crown, Federal Jobs Losses a Key Factor

10Jul

By watchfuleyeNo Comments

Business

Virginia Loses ‘Top State for Business’ Crown, Federal Jobs Losses a Key Factor

Governor Glenn Youngkin has lost one of his favorite bragging rights—Virginia ranking as the Top State for Business. CNBC has produced the rankings since 2007. Virginia topped every state in the nation in 2024 and has been in the top 3 for the last three years. Charge All Your Devices at Once: 5-in-1 Fast Charging Station w/ Wireless Charging Not only has Youngkin repeatedly pointed to Virginia's #1 ranking over the past year, but he's had the news tacked to the top of his website since last summer. And it's still there. "Over time, no state has performed better than Virginia," which has claimed the #1 spot six times, CNBC acknowledged. "But in 2025, with economic anxiety rising, Virginia's economic situation is just shaky enough to take it down a few pegs." This year, Virgi...

Gloucester, VA Pitches Tech District for Data Centers

1Jun

By watchfuleyeNo Comments

News, Popular, Trending

Gloucester, VA Pitches Tech District for Data Centers

Presenting what was described as the "the good, the bad, and the ugly, Gloucester held the first of what's supposed to be a series of meetings to pitch the public the idea of a new technology overlay district in Glenns to accommodate data centers. Hear what was presented and how the people responded: Follow the Watchful Eye on X, Facebook, Instagram , Rumble & YouTube to keep up with what's happening in Virginia

Data centers in Glenns? Gloucester to gauge sentiment at upcoming meeting

16May

By watchfuleyeNo Comments

Biz & Life

Data centers in Glenns? Gloucester to gauge sentiment at upcoming meeting

Gloucester County appears to be trying to soften property owners and residents on the idea of having industrial move in. Gloucester is considering a Technology Overlay District (TOD) to accommodate data centers. The plans to host an informational meeting that it says is to learn and to hear from the public, but Gloucester has already inserted the idea of property owners selling land into the conversation. Charge All Your Devices at Once: 5-in-1 Fast Charging Station w/ Wireless Charging “Before the County begins to work on creating a TOD, we want to gather public input regarding data centers to determine if there is general support for a new ordinance and landowners who might be interested in selling their property for development,” said Carol Steele, Gloucester’s County Administr...

Dominion proposing hikes for Virginia’s electricity & ‘fair share’ rules for data centers

14May

By watchfuleyeNo Comments

News

Dominion proposing hikes for Virginia’s electricity & ‘fair share’ rules for data centers

The Virginia State Corporation Commission (SCC) is calling for public to have their say on Dominion Energy's plan to raise base rates, monthly fuel rates, and introduce new rules for high load users, such as data centers. Dominion is seeking a significant revenue boost: $822 million in 2026 and an additional $345 million in 2027. To hit those numbers, the company is proposing hikes that could significantly increase bills by 2027. Meanwhile, Dominion claims it’s trying to also shield smaller customers from costs tied to large energy users, like data centers. Charge 5 Devices from 1 Compact Charging Station | Perfect for Travel & Work Proposed Hikes As part of its 2025 biennial review, Dominion has proposed raising the monthly fuel rate by $10.92 starting July 1, mean...

Northern VA federal contractor Goldschmitt & Associates announces job cuts

3May

By watchfuleyeNo Comments

News

Northern VA federal contractor Goldschmitt & Associates announces job cuts

With federal funds not spewing from the spigot as freely as they once were, Sterling-based Goldschmitt and Associates made a short-notice announcement that the company was cutting 217 jobs. Profit from your expertise: Create and Sell a Course. Get started for free (AD) Goldschmitt is a program management firm that provides IT services, management consulting, and custom training solutions and it’s a federal contractor that boasted about being consistently ranked among the fastest growing businesses in the Mid-Atlantic region. The company issued a WARN notice announcing the 217 job cuts on April 24. The date of impact was May 1, exactly one week later. And the cuts were classified as a permanent reduction. The move was attributed to reductions of a federal contract related to wo...

Youngkin: Federal jobs cuts need to happen, Virginia has plenty of ‘good jobs’ available

17Apr

By watchfuleyeNo Comments

Business, News

Youngkin: Federal jobs cuts need to happen, Virginia has plenty of ‘good jobs’ available

Governor Glenn Youngkin continues to show support for the Trump administration’s federal job cuts while also remaining optimistic about the Virginia’s financial position and outlook. Federal cuts needed Explaining his position on CNBC, the governor said the reality is that running $37.5 trillion in debt and adding $2 trillion a year “is not just unsustainable. But I think it’s to the detriment of the future of the country.” “So, this has to happen. We need to rein in spending and establish fiscal reality back into the federal government,” he stated. Muted impact Virginia is estimated to have 144,000 federal workers. But Youngkin pointed out that first-time unemployment claims have remained steady, and the state hasn’t really seen the impact of the federal job cuts yet. “...

Booz Allen Hamilton throws more cash to settle federal allegations, topping $16 million in 2025

10Apr

By watchfuleyeNo Comments

News

Booz Allen Hamilton throws more cash to settle federal allegations, topping $16 million in 2025

Last week, Booz Allen Hamilton (BAH), a McLean-based government contractor, struck another deal with the U.S. government, boosting its federal settlements for 2025 to over $16 million. In the latest case, BAH Inc., agreed to pay the U.S. government $422,557 to address allegations of overcharging for the labor of one employee. According to the U.S. Attorney’s Office for the Eastern District of Virginia (EDVA) federal investigators compared invoices, timesheets, and badge swipe data for entering and exiting a secure facility and alleged that the government was billed for services a BAH employee didn’t provide. BAH didn’t admit wrongdoing but agreed to pay to have the matter resolved. EDVA said this investigation came from BAH making a contractor disclosure. So, the company was gi...

Check eligibility for settlement money from prescription drug case, Virginia AG urges

27Mar

By watchfuleyeNo Comments

News

Check eligibility for settlement money from prescription drug case, Virginia AG urges

Attorney General Jason Miyares is calling on Virginians who purchased certain generic prescription drugs between May 2009 and December 2019 to check their eligibility for compensation following a $39.1 million settlement with generic drug manufacturer Apotex. The settlement is linked to allegations that Apotex conspired to inflate prices and limit competition, impacting consumers' financial well-being. Who Might Be Owed Money? Virginians who purchased generic prescription drugs between May 2009 and December 2019 may be eligible for compensation. There’s an extensive list of generic prescription drugs at issue. Save time, money & hassle w/ Walmart Business: Low prices, Scan & Go, Free shipping, Free delivery, 2% back in rewards What Steps to Take: T...

Target opening distribution center in New Kent

19Mar

By watchfuleyeNo Comments

Business, News

Target opening distribution center in New Kent

Target is set to start construction on a distribution center in New Kent at the end of the month, according to an announcement from the County. The 1.4 million sq. ft. facility will be located just off I-64’s Exit 211 at Forge Logistics in the southwest quadrant of the New Kent City Center. Target will build on property it purchased earlier this month. Coinciding with that acquisition, earlier in March, Target also rolled out strategic plans to drive more than $154 billion in sales growth by 2030. Part of that strategy includes investing in the supply chain network to reach more consumers and get products to them faster. “Updates and expansions across the company's supply chain network will move inventory with more speed, accuracy and efficiency,” the company stated. The distri...

Claytor Lake State Park resumes normal operations after months of Helene cleanup

5Mar

By watchfuleyeNo Comments

Popular

Claytor Lake State Park resumes normal operations after months of Helene cleanup

The job required modular barges, tugboats, and excavators, not to mention time, but the post-Hurricane Helene debris removal at Claytor Lake State Park in Dublin is complete, Virginia Department of Conservation and Recreation (DCR) announced this week. Claytor Lake was one of nine Virginia State Parks DCR closed in 2024 due to severe damage from Hurricane Helene. Claytor Lake after cleanup (Photo: DCR) “The cleanup of Claytor Lake is a testament to the resilience and dedication of our federal and state agencies, park rangers and community members,” said DCR Director Matt Wells. The department noted that the U.S. Army Corps of Engineers (USACE), FEMA, Virginia Department of Emergency Management, Friends of Claytor Lake, and DCR contributed to completion of the mission to get park c...