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Recent Articles from Beth JoJack
JLARC: Data centers received $2.7B in state tax cuts
A JLARC report shows Virginia data centers received $2.7B in tax exemptions from FY 2015–24, accounting for more than half of state incentive spending.
Penzance breaks ground on new AWS data center in Chantilly
Penzance has begun building a 45MW data center in Chantilly that will be fully leased and operated by AWS, with completion expected in 2027.
Richmond seeks developers for bus station, mixed-use project
Richmond has issued a request seeking developers for a downtown mixed-use project to include a bus transfer hub, housing and retail.
Virginia National Bank CFO to retire
After nine years as CFO, Tara Harrison retires from Virginia National Bank; Cathy Liles will lead the bank’s finances.
SAIC wins $1.4B task order to speed warfighting tech development
SAIC secured a $1.4 billion COBRA task order from the U.S. Department of Defense to help fast-track warfighting technologies
California business acquires Falls Church wealth management firm
Beacon Pointe Advisors has acquired Falls Church-based Hemington Wealth Management, adding $1.2B in assets.
Paratransit provider to lay off 61 workers in Springfield
Diamond Transportation Services will lay off 61 Springfield workers after WMATA reduced the number of bus routes the company managed.
Nexus Services exec sentenced to 6.5 years for employment tax fraud
Nexus Services exec Richard Moore sentenced to 80 months for tax fraud, misusing $3.1M in company funds for personal spending.
NSF to remain in Alexandria, but in a smaller building
The National Science Foundation new headquarters will be located in Alexandria on the same campus as the U.S. Patent and Trademark Office
Housing inventory rises in major Virginia markets
Home inventory rose across Northern, Central Virginia and Hampton Roads in October, giving buyers more choices.
