News

“It’s not like it’s been only two weeks of discussions”

Leaders of the Chesterfield County government who want a proposed mega sports complex to proceed quickly are about to plunk down $4.3 million for a lease on artificial turf fields, community center and a basketball court. And that’s led to a growing chorus of questions about why the municipality is helping to fund a private sports complex, and why there seems to be such a rush to fork over funds when the project previously said it has a deep bench of investors.

Guest Opinion: The company that sweats together

Corporate wellness doesn’t mean implementing expensive health programs, but it does mean creating an environment where the individuals that do stay physically active and healthy are celebrated and rewarded for their positive behavior. This week Jon Lugbill, the director of the Sports Backers, explains how his organization has found a niche and what that may mean for business owners.

Down but not out

A longtime local real estate developer is dealing with the boom-bust hangover, battling with former investors and banks and stepping down temporarily as chairman of a real estate development that bears his name.

Virginia Business Bank tries to break out of holding pattern

After almost eight months of operating under a strict regulatory turnaround/survival plan and having moved on to its third president since the fall, a Richmond-based bank has rethought its plan and might reinvent itself if it can secure a fresh round of capital.

The meter’s running

Mike Scelzi hopes property owners are as obsessed with watching the meter as he is. His young company, Net Metering Inc., offers a system that allows commercial property owners to constantly monitor the electrical consumption of their buildings with the hopes of catching spikes in activity and ultimately saving money.

Making bank, plus a bonus

Fresh off a year of big losses, Community Bankers Trust Corp., a local bank holding company and parent of Essex Bank, increased the base salaries and total compensation of many of its top executives in 2009, according to its latest SEC filing.