SCC Bureau of Insurance: Businesses Should Plan Ahead for Natural Disasters
RICHMOND — Natural disasters like hurricanes and flooding can inflict serious damage on businesses, leading to closures or disruptions in operations that may last for days, weeks or longer. Sometimes the damages to a business caused by a natural disaster are irreparable and force the company to close. No business is immune to the effects of a natural disaster. Even disasters that take place far away can impact a business by disrupting supply chains and communications. The State Corporation Commission’s
Governor Glenn Youngkin Announces Record-Setting Tourism Spending, $35.1B in Virginia in 2024
RICHMOND, VA — Governor Glenn Youngkin and Virginia Tourism Corporation (VTC) announced today that Virginia’s tourism industry generated a record high $35.1 billion in visitor spending in 2024, marking a 5.4% increase from $33.3 billion in 2023. Overnight visitation to Virginia increased by over one million people to 44.7 million visitors in 2024, up from 43.6 million in 2023, surpassing pre-pandemic levels for the first time and setting a new record. “In 2024, a record-breaking one million additional
SBA Relief Still Available to Virginia Small Businesses and Private Nonprofits Affected by Drought
ATLANTA – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Virginia who sustained economic losses caused by drought occurring on March 25, 2025. The disaster declaration covers the Virginia counties of Clarke, Culpeper, Fairfax, Fauquier, Loudoun, Manassas, independent city of Manassas Park, Prince William, Rappahannock, Stafford, Warren as well as the Maryland County of
How to Use Positive Momentum in Business for Further Growth
The biggest hurdle in running a business is often the first few months or even your entire first year of operating. Launching a business and hustling to acquire a steady stream of customers is not easy, and it might take quite some time before you know for sure if your enterprise can survive in the long term. When you do reach a comfortable level of success, though, you should capitalize on that upward momentum rather than allowing yourself to rest on your laurels. There are a number of things you can do
