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Home>Sydney Lake

Sydney Lake

Recent Articles from Sydney Lake

News February 16, 2021

Manufacturer announces $10.7M expansion in Montgomery County

Motion control product manufacturer Moog Inc. will invest $10.7 million to transfer existing jobs and equipment from its Blacksburg facilities to a larger building in Montgomery County, Gov. Ralph Northam announced Tuesday. The investment will also create 75 jobs. Founded more than 65 years ago, East Aurora, New York-based Moog Inc. designs, manufactures and integrates […]

News February 16, 2021

PenFed expands partnership with The Washington Justice

Tysons-based PenFed Credit Union announced Tuesday it is expanding its partnership with The Washington Justice, the professional esports Overwatch League for the Virginia, Maryland and Washington, D.C., area, into a three-year sponsorship. PenFed, which is one of the nation’s largest federal credit unions, will be featured as an official Jersey Patch Partner for the team […]

Plan graphic courtesy SCHEV
News February 16, 2021

SCHEV releases updated goals for higher ed in Va.

The State Council of Higher Education (SCHEV) on Tuesday released an updated statewide strategic plan, which focuses on making higher education more “equitable, affordable and transformative.”  The Pathways to Opportunity: The Virginia Plan for Higher Education (The Plan) is reviewed every six years.  “The events of 2020 — COVID-19, social justice reforms and concerns about […]

News February 16, 2021

McLean satellite operator eyes Chapter 11 emergence

McLean-based satellite operator Intelsat Corp. announced Friday it has the support of creditors to financially restructure under Chapter 11 bankruptcy, which would decrease the company’s debt from nearly $15 billion to $7 billion. “Today’s filings and the significant consensus already achieved on the plan pave the way for the company’s emergence from the Chapter 11 […]

Erin Stanley. Photo courtesy Smith Mountain Lake Regional Chamber of Commerce
People February 16, 2021

SML Chamber names member relations, events manager

The Smith Mountain Lake Regional Chamber of Commerce announced Tuesday that it has hired Erin Stanley as its member relations and events manager, effective March 1. Stanley has previously worked in advertising, marketing, sales and business development with The Roanoke Times, Laker Media and WSLS-10. In the chamber’s newly created role, she will oversee member […]

Zack Brandau (left) and Will Russell. Photo courtesy Core Assurance
People February 16, 2021

Va. Beach insurance company names president, VP

Virginia Beach-based insurance company Core Assurance Partners Inc. announced Tuesday that Zack Brandau has been named as president and Will Russell has been named as vice president. Brandau, a founding principal of the firm, will oversee the firm’s daily operations and growth initiatives. He succeeds Doug Russell, who had served as president since 2017. Brandau […]

Lance Collins. Photo courtesy Virginia Tech
People February 16, 2021

Virginia Tech Innovation Campus director named to National Academy of Engineering

Virginia Tech announced Monday that Lance R. Collins, vice president and executive director of the university’s Innovation Campus, was elected to the National Academy of Engineering for 2021. The former Joseph Silbert Dean of Engineering at Cornell University was named as head of Tech’s Innovation Campus in February 2020. He had led Cornell’s college of […]

Raffaella De Vita. Photo courtesy Virginia Tech
People February 16, 2021

Virginia Tech professor named as engineering fellow

Virginia Tech announced Monday that biomedical engineering and mechanics professor Raffaella De Vita has been elected to the American Institute for Medical and Biological Engineering (AIMBE) College of Fellows. The institute’s membership includes more than 2,000 fellows who are recognized leaders in the medical and biological fields. De Vita has been with Virginia Tech since […]

News February 16, 2021

Fairfax and Prince William federal contractors launch joint venture

Herndon-based systems integration company Tyto Athene LLC and Veterans First Initiative (VFI) LLC of Prince William County have launched a joint venture: Haymarket-based Optima Government Solutions LLC.  Optima will provide IT services including engineering and systems integration to the U.S. federal government and U.S. Department of Defense. The joint venture is a service-disabled veteran-owned[...]

News February 16, 2021

General Dynamics wins $111.8M Army contract

The U.S. Army awarded the ordnance and tactical systems unit of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $111.8 million contract to provide bomb hardware to the branch, the Department of Defense announced Friday. Under the contract, General Dynamics will provide general-purpose tritonal bomb hardware, also known as Mk-90 series bomb components. General […]

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Top Stories

CoStar Group Inc. plans to add 750,000 more square feet to its holdings in Richmond, adding an estimated 2,000 jobs. Rendering courtesy CoStar Group Inc.

CoStar to purchase Australian property listings platform for $1.9B

Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire[...]

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

New Arlington hub to boost defense, energy startups

Virtus Innovation Center in Arlington will support 30+ startups in defense and energy, connecting th[...]

Law firms advise businesses on Trump 2.0 policies

Virginia law firms see surge in client questions as Trump’s 2025 executive orders spark regulatory[...]

Dominion Energy plans to develop the nation's largest wind farm — an $8 billion, 220-turbine project — off the coast of Virginia Beach by 2026. Photo courtesy Dominion Energy

Tariffs could add $500M to Dominion offshore wind project

Richmond-based Fortune 500 utility Dominion Energy says the cost of its Coastal Virginia Offshore Wi[...]

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

People

Karen Horn Welch. Photo courtesy University of Richmond

University of Richmond office hires CIO for endowment, assets

8/5/2025

Electra.aero announced that Max Ochoa has joined the company as chief financial officer. Photo Courtesy Electra.aero

Electra announces new CFO

6/5/2025

Brad Cornelius, CEO of Farm Credit of the Virginias. Photo courtesy Farm Credit of the Virginias

Farm Credit of Virginias CEO to retire

1/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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