Armed in part with an initial $6 million in government funding, Phlow Corp. is led by Kaleo co-founder Eric Edwards and Frank Gupton, chair of the Department of Chemical and Life Sciences at VCU’s College of Engineering.
A local ice cream shop, an outdoor recreation company and a coffee roaster are among the initial recipients of the city’s Richmond Small Business Disaster Loan Program, which still has about $500,000 of funds remaining to be awarded.
Supervisors in Chesterfield and Goochland counties signed off on fiscal year 2021 budgets this week that were scaled back from previous proposals due to coronavirus disruptions.
At the heart of its multifaceted response to the coronavirus downturn, Henrico County is reducing its proposed fiscal plan for the coming budget year by 7 percent, in anticipation of nearly $100 million in lost revenue.
Social distancing soon may change the development plan approval process in Henrico, at least as long as mandated social distancing is in place.
Following suit with neighboring county governments, the City of Richmond is tweaking its previously proposed budget for next fiscal year in response to the coronavirus, reducing revenue projections and expenditures by about 5 percent based on anticipated economic impacts from the pandemic.
Developers now can submit plans via email, a move that comes as a response to disruptions caused by the coronavirus pandemic.
With the spread of coronavirus forecast to surge in Virginia in the next two months, facilities across the state are being assessed for potential use as temporary hospitals, with several options apparent in the Richmond region.
As the Washington Redskins come to the end of their training camp contract in Richmond, the team and the city are doing away with a controversial provision of the deal. EDA has agreed to let the latter back away from the last of its previously agreed-upon local cash contributions.
The Richmond Economic Development Authority signed off Thursday on creation of a $1 million loan program aimed at small businesses struggling with the effects of the coronavirus pandemic.