Williamsburg Business News
Finance
Newport News Introduces $50 Million Loan Fund for Businesses
News Summary Newport News is launching the Peninsula Cooperative Fund, a $50 million initiative to support small and mid-sized businesses. The fund addresses capital access gaps in underserved communities, offering...
Surry County Approves $5 Million Loan for YMCA Design
News Summary Surry County supervisors have authorized a $5 million loan for the design of a new YMCA facility adjacent to the Parks and Recreation Center. Despite opposition from Supervisor...
Williamsburg Transitions to Monthly Water and Sewer Billing
News Summary Williamsburg is shifting its water and sewer billing from a quarterly to a monthly system as part of its Fiscal Year 2026 budget. This change, effective immediately, aims...
Newport News Launches $50 Million Initiative for Small Businesses
News Summary Newport News announced the Peninsula Cooperative Fund, a $50 million initiative aimed at supporting small to mid-sized businesses facing financial barriers. Unveiled at a press event, the program...
Williamsburg Launches New Emergency Notification System
News Summary Williamsburg has introduced a new emergency notification system, RAVE Mobile Safety, replacing Everbridge and expected to save the city $30,000 annually. This system enhances communication with residents during...
Sotherly Hotels Reports Strong Q1 Earnings
News Summary Sotherly Hotels Inc. has announced a steady performance for the first quarter, reporting $3.8 million in funds from operations and net income of $2.7 million. With total revenue...
Sotherly Hotels Reports Strong Q1 Performance in 2023
News Summary Sotherly Hotels Inc. has announced a significant increase in profitability and revenue for Q1 2023, reporting funds from operations of $3.8 million and a net income of $2.7...
Williamsburg City Council Approves $103.33 Million Budget
News Summary The Williamsburg City Council has approved a $103.33 million budget for the upcoming fiscal year, reflecting a $9 million cut from the original proposal. The new budget maintains...
Williamsburg City Council Considers Tax Increases
News Summary The Williamsburg City Council is debating tax increases on meals, admissions, and water to balance a $121.5 million budget for FY 2026. Local business owners express concerns that...
Construction
Federal Funding Boosts Virginia’s Airport Infrastructure
News Summary Senators Mark Warner and Tim Kaine have announced over $48 million in federal funding for airport improvements across Virginia. The allocation will benefit 18 airports, focusing on upgrading...
Newport News Trades Center Launched to Boost Workforce Training
News Summary Virginia Peninsula Community College has broken ground on the Newport News Trades Center, a $9 million investment aimed at training over 400 students annually in critical workforce skills....
Best ERP for Commercial Construction in Williamsburg, VA | Colonial Case Study
Williamsburg, VA, August 5, 2025 Best ERP for Commercial Construction Firms in Williamsburg, VA: Enhance Project Management with CMiC ERP For commercial construction firms in Williamsburg, VA, managing projects efficiently while...
N&R Design Launches Sustainable Interior Design Company in Williamsburg
News Summary N&R Design, a new eco-friendly interior design firm, has opened in Williamsburg. Founded by Roxanne McKinley and Nicole Tomaszewski, the company emphasizes sustainable practices and personalized design. Drawing...
Surry County Approves $5 Million Loan for YMCA Design
News Summary Surry County supervisors have authorized a $5 million loan for the design of a new YMCA facility adjacent to the Parks and Recreation Center. Despite opposition from Supervisor...
Newport News Celebrates Legacy Landing Housing Development
News Summary Newport News, Virginia, held a ribbon-cutting ceremony for the first phase of the Legacy Landing housing development. This initiative aims to transform the former Ridley Place neighborhood into...
Newport News Leaders Pursue Innovation District for Economic Growth
News Summary Business and government leaders on the Virginia Peninsula are collaborating to create an innovation district aimed at harnessing local research assets, such as NASA Langley and Jefferson Lab....
Williamsburg Approves Budget for Greater Sports Center
News Summary Williamsburg’s Historic Triangle Recreational Facilities Authority has unanimously approved a $36.1 million budget allocated for the construction of the Greater Williamsburg Sports and Event Center. The budget includes...
Riverside Patriots Colony Breaks Ground on New Senior Care Facility
News Summary Riverside Patriots Colony in Williamsburg has initiated the construction of a new 52-bed skilled nursing and long-term care facility. The project, showcasing a commitment to enhanced senior care,...
Real Estate & Properties
The Arc of Greater Williamsburg Raises $1 Million for New Facility
News Summary Supporters of The Arc of Greater Williamsburg have raised $1 million to purchase a new building dedicated to serving individuals with intellectual and developmental disabilities. The $1.8 million...
N&R Design Launches Sustainable Interior Design Company in Williamsburg
News Summary N&R Design, a new eco-friendly interior design firm, has opened in Williamsburg. Founded by Roxanne McKinley and Nicole Tomaszewski, the company emphasizes sustainable practices and personalized design. Drawing...
Newport News to Enforce Short-Term Rental Regulations
News Summary Newport News is set to implement new regulations for short-term rentals, including Airbnb, starting August 1, 2025. The city aims to maintain neighborhood livability while promoting responsible rental...
Virginia Housing Market Shows Mixed Signals
News Summary The Virginia housing market has displayed mixed signs as home sales increased by about 8% in June compared to the same time last year, despite a slight year-to-date...
Nordstrom Rack to Open New Location in Williamsburg
News Summary Seattle-based Nordstrom Inc. has revealed plans to launch a new Nordstrom Rack in Williamsburg, set to open in fall 2026. The store will occupy 25,000 square feet at...
Spark by Hilton Opens in Williamsburg
News Summary HMP Properties has launched the Spark by Hilton in Williamsburg, offering 118 budget-friendly guest rooms and complimentary breakfast. Ideally situated near local attractions, the hotel signifies Hilton’s first...
Newport News Celebrates Legacy Landing Housing Development
News Summary Newport News, Virginia, held a ribbon-cutting ceremony for the first phase of the Legacy Landing housing development. This initiative aims to transform the former Ridley Place neighborhood into...
The Arc of Greater Williamsburg Seeks $1 Million for New Facility
News Summary The Arc of Greater Williamsburg is urgently seeking to raise $1 million within four weeks to purchase a property in James City County. This facility will better support...
New Costco Location Approved by Newport News City Council
News Summary The Newport News City Council has approved a Conditional Use Permit for a new Costco location, set to enhance services and facilities for the local community. Located on...
Marketing
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