Capital One Financial Corp. has bought the building in Shockoe Bottom that local businessmen Will Loving and Brad Cummings are planning to turn into an incubator for startup businesses. Loving and Cummings hosted a recent encorepreneur breakfast in the historic building.
“Since we bought the building ... we have been out talking to local businesses and community leaders,” Cummings said. “There is a ton of interest in what we are trying to do for the community by creating this high-growth business incubator.”
Capital One stepped forward to help support the venture by acquiring the building and plans to occupy two floors of the building and lease space back to Startup Virginia. The incubator will be on three floors.