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Recent Articles from Sydney Lake
$14.66M in GO Virginia funds redirected to COVID-19 recovery initiative
More than $14.66 million of Growth and Opportunity for Virginia (GO Virginia) funding for economic development has been redirected to a new Economic Resilience and Recovery Program in response to COVID-19-related economic impacts, Gov. Ralph Northam announced Monday. “The COVID-19 pandemic has had an unprecedented impact on our economy, and we must use every asset […]
GMU selects three finalists for $250M Institute for Digital InnovAtion
George Mason University on Monday announced three development and property management firms as finalists to build and operate its proposed $250 million Institute for Digital InnovAtion (IDIA), set to open in September 2025 on its Arlington campus. The university released a request for proposals in February, to which 105 developers responded. The finalists are Columbia, […]
Central Va. CEOs ‘unhappy’ with pace of reopening
Although a majority of Central Virginia CEOs have an improved outlook for sales, capital spending and employment for the next six months, they’re unhappy with the pace of reopening, according to a follow-up 2020 CEO Economic Outlook Survey released Friday by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs […]
State extends utility disconnect ban to Aug. 31
The Virginia State Corporation Commission (SCC) announced Friday it has extended the moratorium on service disconnections for electricity, natural gas, water and sewer utilities customers until Aug. 31. The SCC first ordered a 60-day ban on disconnecting utilities in mid-March for customers who have been unable to pay bills due to the COVID-19 pandemic. It […]
Spaceflight Industries closes deal with Japanese companies
Seattle-based Spaceflight Industries Inc. — which has a Herndon location — announced Friday it has officially sold its satellite rideshare business to Tokyo-based Mitsui & Co. Ltd. and Chiba, Japan-based Yamasa Co. Ltd. Financial terms of the transaction were not disclosed. The sale was first announced in February and passed a review by the U.S. […]
Va. launches platform to connect people to jobs, education
With more than 400,000 Virginians unemployed, the state has launched a platform designed to connect people to educational and work opportunities broken down by region, Gov. Ralph Northam announced Friday. The Virginia Career Works Referral Portal connects people to training, certification, education and employment services to aid in job search and career development. Users can […]
Generator Supercenter signs lease in Ashburn, its first Va. location
Houston-based national generator franchise Generator Supercenter announced Friday it has signed the lease for a 6,000-square-foot space at the Ashburn Crossing business park in Loudoun County, its first location in Virginia. The company plans to eventually have six locations in the commonwealth. The lease amount has not been disclosed. Generator Supercenter provides emergency generators for [&hell[...]
Colleges need to play a role in rebuilding the economy, panelists say
As Virginia moves into its recovery phase from the COVID-19 pandemic, economic leaders say there is work to be done to support college students and Virginians who are changing careers, especially in terms of equal opportunities. Thomas Barkin, president and CEO of the Richmond Federal Reserve Bank, and Virginia Economic Development Partnership President and CEO […]
FerraTex to buy Henry County facility for $1.95M
FerraTex Solutions LLC will purchase the former Compton Woods Products facility in Bowles Industrial Park in Henry County for $1.95 millon, Gov. Ralph Northam announced Thursday. FerraTex, which specializes in services and liners for cured-in-place pipes (a method of repairing existing pipelines), will renovate and expand the facility, adding 15 jobs. “As we work to […]
Coffee roasting company to build Suffolk distribution center
Massimo Zanetti Beverage USA Inc. (MZB-USA) announced Thursday it will build a 355,933-square-foot distribution center in Suffolk to support its headquarters and main coffee roasting operations in Portsmouth. The distribution center will be located in the Virginia Port Logistics Park, which is located approximately 30 miles from the Port of Virginia. Construction on the warehouse […]
