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Recent Articles from Sydney Lake
Drones tested for emergency medical deliveries
The sky’s the limit when it comes to COVID-19-related solutions. After being approached by the state government, the Herndon-based Center for Innovative Technology (CIT) partnered with Virginia Beach-based DroneUp to test how drones can assist medical professionals in delivering test samples and personal protective equipment in no-contact, emergency situations, DroneUp announced this week.[...]
Developers propose $350M tower to replace Richmond Public Safety Building
The development team that created plans for the failed $1.5 billion Navy Hill proposal in downtown Richmond has returned to the scene, this time with a lower-stakes proposal that would not require funding by the city, a sticking point in the earlier plan. Capital City Partners LLC, the partnership between Michael Hallmark of Los Angeles-based […]
ChamberRVA announces small business relief fund
Richmond‘s regional chamber of commerce, ChamberRVA, on Wednesday launched its RVA Small Business Relief Fund to provide grants to eligible small businesses in the Richmond region that have been harmed by the COVID-19 pandemic. The effort is a partnership with Facebook Inc., which seeded the fund with $250,000 to be used in the first round of […]
U.Va. names McIntire School of Commerce dean
The University of Virginia announced Wednesday that Nicole Thorne Jenkins will be the dean of the McIntire School of Commerce, effective July 1. Jenkins is currently vice dean of the Gatton College of Business and Economics at the University of Kentucky, where she is also the Von Allmen chaired professor of accountancy. She has also […]
Liberty University surpasses 100k online students
Liberty University announced Tuesday that it has surpassed 100,000 online students. The Lynchburg-based university’s previous online enrollment record was 98,000 students in 2014, and as of January 2020, it remained the state’s largest university by enrollment. “Liberty has been a leader in providing distance education as an alternative to the traditional classroom since the mid-1980[...]
Greater Richmond Partnership hires VP of business development
Regional economic development organization The Greater Richmond Partnership Inc. (GRP) announced Tuesday it has hired Audrey Polk as its vice president of business development. Polk most recently worked as the existing business representative at the Henrico Economic Development Authority. Before that, she was a research analyst for the Virginia Economic Development Partnership. She earned her [&[...]
Reston-based construction firm to donate $3M to COVID-19 efforts
Reston-based construction company Bechtel Corp. announced Tuesday that its corporate foundation, in partnership with the crowdfunding nonprofit GlobalGiving, will donate $3 million through its new Bechtel COVID-19 Fund to support communities around the world coping with the impact of the coronavirus pandemic. The money will go to nonprofit organizations providing vital services to people affected[...]
Reston-based Leidos acquires L3Harris businesses for $1B
Reston-based defense contractor Leidos Holdings Inc. announced Tuesday it has officially completed the acquisition of Massachusetts- and England-based L3Harris’ Security Detection and Automation businesses for approximately $1 billion in cash. The deal was originally announced on Feb. 4, when the boards of directors of both companies unanimously approved the transaction, according to a Leido[...]
Henrico printing plant closing, laying off 184 workers
Stamford, Connecticut-based Cenveo Worldwide Ltd. is shutting down its Cadmus printing plant in Henrico County by the end of May, laying off 184 employees. The company, whose customers include Virginia Business magazine, filed a Worker Adjustment and Retraining Notification Act (WARN) notice with the Virginia Employment Commission on Monday, May 4, notifying them of the […]
Virginia banks have processed $3.97B+ in SBA PPP loans
UPDATED MAY 7 Since the second round of funding for the Small Business Administration’s Paycheck Protection Program (PPP) launched on April 27, Virginia banks have processed more than 46,000 loan applications for the COVID-19 relief funding for small businesses, totaling more than $3.97 billion as of May 1, according to SBA data. “All Virginia banks […]
