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Recent Articles from Sydney Lake
Herndon company wins $27.8M Army contract
The U.S. Army awarded Herndon-based technology and management company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) a $27.8 million contract to provide civilian talent management, the company announced Tuesday. Through the contract, Serco will provide analytic, management and advisory services for the Army’s civilian workforce and provide talent management architecture for th[...]
Sentara Healthcare to merge with N.C. health system
Norfolk-based Sentara Healthcare announced Wednesday it has signed a letter of intent to combine organizations with Greensboro, North Carolina-based Cone Health. Transaction details were not disclosed. Sentara President and CEO Howard P. Kern will oversee the combined organization, which will have about $11.5 billion in combined revenue. The corporate headquarters of each organization will remain [...]
Va. hotel revenues improved only 1% last week
Hotel revenues in Virginia improved by only 1% last week and still remain at a 45% decrease compared to the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. The week before last, STR reported a 46% decrease in Virginia […]
Wythe County lumber company announces $2.4M expansion
Gov. Ralph Northam announced Wednesday that Wythe County-based Musser Lumber Co. Inc. will invest $2.4 million to expand its operations and increase 12 jobs — which, during the next three years, will lead to more than $8.5 million in forest product purchases. “Musser Lumber’s continued growth and success in Wythe County is a testament to […]
Two Va. companies included in $165.1M Army, Navy contract
Two Virginia-based companies were awarded parts of a $165.1 million contract to provide program management and technical services for the U.S. Army and Navy’s assault craft, submarines and surface ships. A total of five companies will work on the contract. Virginia Beach-based QED Systems Inc. was awarded $30.4 million and Arlington-based Gibbs & Cox was […]
More than 10% of Va. students don’t have broadband access at home
While Virginia school districts and higher education institutions are finalizing fall plans in light of the pandemic, an analysis released Wednesday by the State Council on Higher Education for Virginia (SCHEV) shows that more than 200,000 K-12 students and more than 60,000 college students in Virginia lack broadband access at home. These numbers reflect 14% […]
280 Va. companies ranked on Inc. 5000 list
This year, 280 Virginia companies are ranked on the most recent list of the nation’s fastest-growing, privately held companies — the Inc. 5000, released Wednesday morning. Leading the pack in Virginia at spot No. 75 is Sassy Jones, an online jewelry and accessory retailer based in Richmond. Founder and owner Charis Jones founded the retailer of […]
$17M greenhouse coming to Goochland County
Gov. Ralph Northam announced Tuesday that Greenswell Growers Inc. will invest more than $17 million to build a commercial hydroponic greenhouse in Goochland County, creating 27 jobs. “Greenswell Growers’ decision to establish a new greenhouse operation in Goochland County is a great win for the region and the commonwealth,” Secretary of Commerce and Trade Brian […]
MicroStrategy converts $250M cash holdings to bitcoin
Tysons-based business software company MicroStrategy Inc. announced Tuesday it has converted $250 million from its cash holdings into more than 21,000 bitcoins. The company will keep its bitcoin holdings on its corporate treasury reserve — which MicroStrategy CEO Michael J. Saylor said in a statement will be the the principal holding in its treasury reserve […]
Virginia Tech Foundation CEO to retire next spring
The Virginia Tech Foundation announced Monday that John Dooley, who has served as chief executive officer for the foundation since 2012, will retire during spring 2021. He will have been with the university for nearly 40 years. Dooley joined Tech in 1982 at age 27 and directed the then-brand new Northern Virginia 4-H Center in […]
