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Recent Articles from Sydney Lake
Excella wins $20B federal contract for IT services
Arlington-based software and information technology management company Excella announced Wednesday it was awarded a contract worth up to $20 billion from the National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC). “We pride ourselves on our industry-leading expertise in modernizing IT across the federal government,” Excella co-founder and CEO Bu[...]
Richmond pharmaceutical company expands into Canada
Richmond-based pharmaceutical company Kaléo announced Wednesday it is expanding its market to Canada, offering its epinephrine auto-injector Allerject. The product used to treat severe allergic reactions will be available in pharmacies across Canada starting May 19. In response to a shortage of EpiPen in Canada in 2018, Kaléo’s original epinephrine auto-injector Auvi-Q was available in [[...]
Fairfax County approves $25M small business relief fund
The Fairfax County Board of Supervisors during its Tuesday meeting approved the establishment of a $25 million small business and nonprofit relief grant program for local businesses impacted by the COVID-19 pandemic. “I am very excited about this program — the first of its kind in Fairfax County,” Board Chairman Jeffrey McKay said. “Our hope […]
Reston IT company emerges from bankruptcy with new CEO
Reston-based IT infrastructure company Internap Corp. (INAP) announced Tuesday it has emerged from Chapter 11 bankruptcy protection with a new CEO and $300 million in liquidity. The company originally filed for bankruptcy protection March 16. “When we began the restructuring process, we did so with a clear objective of strengthening our capital structure and best […]
VCU-Ariz. State survey finds 1 in 4 unemployed
Roughly one in four U.S. workers employed in February were unemployed by the end of April, according to a biweekly survey conducted by Virginia Commonwealth University and Arizona State University economists. Employment is declining, but it’s doing so at a slower pace, the survey found. The survey, which covers the week of April 26 through […]
McLean tech company names president, CEO
McLean-based mobile technology company CIBT Global Inc. announced Tuesday that Lee Spirer will be the company’s new president and CEO. Spirer will split time between the company’s McLean and New York City offices. Succeeding John Donoghue, Spirer was most recently the executive vice president and chief growth and transformation officer at Navigant. He has also […]
Construction backlog, confidence remains low
The Associated Builders and Contractors (ABC) national trade association announced Tuesday that its Construction Backlog Indicator (CBI) fell to 7.8 months in April, the lowest it’s been in nearly eight years. The CBI is a forward-looking national economic indicator that shows work construction companies are contracted to do in the future, measured in dollars. “Backlog […]
Adding some color to crisis
Richmond artist Noah Scalin was commissioned by Richmond-based advertising company The Martin Agency to create an art installation, released Tuesday, announcing Old Navy’s donation of $30 million worth of clothing to families in need during the pandemic. Known for creating large-scale pieces made from ordinary items, as well as his Skull-A-Day project, Scalin created a […]
Hotel Roanoke reveals $3.9M renovation plans
The Hotel Roanoke & Conference Center, Curio Collection by Hilton, announced Monday its $3.9 million plans to renovate The Pine Room Pub and the Palm Court Lobby. “The renovation will build upon the hotel’s premier four diamond status as a destination, dining and meeting facility in Virginia’s Blue Ridge and will create a new and […]
Metro releases multiphase recovery plan
The Washington Metropolitan Area Transit Authority (WMATA) has released initial details of its COVID-19 recovery plan, which will be discussed during the authority’s Board of Directors meeting on Thursday. The multiphase recovery plan is dependent on the trajectory of infections in its service areas. For now, Metro passengers should continue to only use the system […]
