Wednesday, November 20, 2024

Good morning! On this day in 1824, the Marquis de Lafayette stopped in Fredericksburg as part of his grand tour of the United States. Lafayette was the final surviving Major General from the Revolutionary War. During the tour, he visited all 24 states in 13 months.

Did you know that November is the Month of the Military Family? One brewery in Norfolk is helping those families by crafting a special IPA. More on that in Et Cetera.

Later today, we’ll be sending you a special message featuring our sponsor, American Hartford Gold, and their strategies to help safeguard your savings. We hope you’ll find their insights valuable and timely.

Today’s edition is sponsored by Mode Mobile, last year’s fastest-growing software company. Don’t miss their investing opportunity!

Industrial Growth Powering a Megasite

Microporous, a battery engineering company, said it would spend $1.35 billion to develop two projects at the Southern Virginia Megasite at Berry Hill in Southwest Virginia.

Ahead of the Microporous announcement, the state held a ribbon-cutting to open 2.4 miles of Route 311 and provide easier access to the area.

The Megasite, owned by the city of Danville and Pittsylvania County, is the largest industrial development site in the state. The governments have invested $200 million in recent years to develop 13 lots on 3,500 acres.

The Microporous project alone will create 2,000 new jobs with an average annual salary of around $60,000.

The Danville-Pittsylvania Regional Industrial Facility Authority has also signed an agreement with Strata Solar to build a 55-megawatt battery solar storage facility at the Megasite to support industrial development.

Turning Off the Phones

Students in Virginia have another month before they will be forced to turn off and put away their cell phones during school hours.

This fall, the Virginia Department of Education announced guidelines that defined “cellphone-free” education as “bell-to-bell,” meaning that students will not be allowed to use phones on campus, not even during lunch, study periods, or breaks.

The guidance implements Gov. Glenn Youngkin’s Executive Order 33, which he issued in July to help reduce the usage of phones by youths.

The DOE is also providing grants so schools can take steps to help families remove other barriers to education outside of school hours, including cell phone addictions and the mental health challenges that can be tied to social media.

The new restrictions go into effect on Jan. 1.

The State of a County

Henrico County leaders provided their annual “State of the County” presentation, and they painted a picture of a country that is growing in positive ways.

“If we were a country, we would be the 99th largest economy in the world,” Economic Director Anthony Romanello said. Henrico officials also reported an 11% reduction in overall crime and a 22% reduction in violent crime.

In schools, more than half of high schoolers earned advanced diplomas last year, and Henrico is investing $17 million over the next five years in mental health services for students. It is also opening innovation centers in middle schools, and it has installed weapons scanners in all county schools.

Forbes ranks Henrico as a good employer. The county and the school system both made the magazine’s top 100 list.

The county also recently took control of the Cobbs Creek Reservoir, a $280 million project that doubles the available water in Henrico and is designed to supply the county’s water needs for the next five decades.

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Flying together with our sponsor

This tech company grew 32,481%…

No, it’s not Nvidia… It’s Mode Mobile, last year’s fastest-growing software company according to Deloitte.2 And you can invest for just $0.25 a share.

Mode’s disruptive $martphone, has already helped consumers earn and save $325M+ through simple, everyday use. That led to 32,481% revenue growth between 2019 and 2022 and presence in 170+ countries. But with a market worth over $1 trillion and partnerships with Walmart and Best Buy, Mode’s not stopping there. In fact, they’re quickly proving that award-winning growth was anything but a flash in the pan.

Mode’s most recent financials showed further revenue growth of 62% and a 91% increase in gross profits compared to last year. This is a company that’s disrupting an industry led by giants, and they’ve just secured the perfect Nasdaq ticker for their growing brand: $MODE.1

This is your last chance to invest at the current price (and lock in up to 2X bonus stock in the process).

➤ Southwest Virginia: Gov. Glenn Youngkin asked the federal government to provide $4.4 billion to rebuild homes, businesses, and farms damaged by the aftermath of Hurricane Helene. That request includes $300 million to help the state prepare for future emergencies. (Details)

➤ Hampton Roads: The 2024 election isn’t finished yet. At least two city council races, in Norfolk and Portsmouth, are so close they may require a recount. (Details)

➤ Arlington: TSA agents pulled a loaded 9mm handgun from a crew member’s carry-on bag on Monday at Reagan National Airport. Police took possession of the weapon and cited the woman. (More)

➤ Statewide: The Commonwealth’s total general fund revenues increased 4.1 percent in October. So far this fiscal year, the state is running more than $400 million ahead of projected revenues. (Details)

➤ Richmond: Lawmakers on the Virginia State Crime Commission will meet again next month to consider enacting regulations on how police may use Automated License Plate Readers. (More)

➤ Chesapeake: To celebrate his wife Jennifer’s 40th birthday, Andrew Duhe covered the adoption costs of all 40 animals at the rescue shelter where they volunteer. It cost the couple more than $4,000, and she said it was worth it. (Details)

➤ Commanders Coach Dan Quinn reportedly told NBC Sports Washington that he’s “hopeful” Marshon Lattimore’s hamstring will be healthy enough to allow him to practice this week. Lattimore hasn’t played since the team picked him up at the trade deadline. (More)

➤ A bill to grant D.C. a 99-year lease for the site of RFK Stadium passed a Senate committee on Tuesday, clearing a major hurdle for football to return to Washington for the first time since 1996. (More)

➤ JMU will hit the road on Saturday in a game that will be critical for their chances of reaching the Sun Belt Conference championship. (See Postseason Scenarios)

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➤ ZQuiet is a ready-to-use, anti-snoring mouthpiece that provides immediate relief by gently moving your jaw forward. With ZQuiet, you can finally stop snoring at the source — for good! (See It Here)

➤ The Mountain Valley Pipeline will have to pay another $17,500 for violating environmental regulations. It’s the fifth time the natural gas pipeline has been fined by the Virginia Department of Environmental Quality. (More)

➤ General Dynamics Information Technology of Falls Church joined NIST’s Artificial Intelligence Safety Consortium to help the government draft new standards to deal with the risks associated with AI. (More)

➤ Inova, a Merrifield-based nonprofit health system, will pay the federal government $2.4 million to settle allegations that it filed false Medicaid claims. (Details)

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➤ The Socks That Reduce Foot Pain! My Happy Feet Socks deliver quick relief from all types of foot pain by gradually aligning your toes to minimize the harmful effects of daily foot stress. Do your feet hurt? My Happy Feet Socks can help!

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Today’s fastest-growing software company might surprise you

🚨Heads up! It’s not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators. Investors are buzzing about the company’s pre-IPO offering.1

Their flagship product, EarnPhone has already helped consumers earn and save 325M+.

Don’t miss out on this final opportunity to invest at $0.25/share.

Disclaimers
1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
2 The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
3 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.

➤ Raise a glass to support the children of Navy SEALs! Throughout November, COVA Brewing Company of Norfolk is producing a hazy IPA called “Special (H)ops,” with some proceeds going to support the nonprofit SEALKIDS. (Details)

➤ The Virginia State Police want you … to join the force. More than 300 openings need to be filled, and the next recruiting class will begin training in January. (More)

➤ The Friends to Lovers bookstore in Alexandria, which focuses on romance novels, was severely damaged by fire just three days after it opened. The store will be closed indefinitely. (More)

Flying together with our sponsor

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