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Recent Articles from Sydney Lake
Fairfax County establishes $2.5M small business loan fund
Fairfax County announced Thursday that it has established the Fairfax County Small Business COVID-19 Recovery Fund — a $2.5 million fund to support small businesses that have suffered economic hardship during the pandemic. The recovery fund will make no-interest loans of up to $20,000 to eligible businesses. In order to apply, the small business must […]
McLean IT company names new CFO
McLean-based Altamira Technologies Corp. announced Thursday that A. Adam Omar will serve as its new chief financial officer. A certified public accountant, Omar previously worked as CFO for Maryland-based CyberCore Technologies and he has worked as a vice president and finance executive for companies including Reston-based Science Applications International Corp., Software AG and LexisNexis. He [...]
Danville Community College names associate VP of human resources
Danville Community College announced Tuesday it has hired Bruce Cottrill as its associate vice president of human resources, a new position for the college. Cottrill relocated from Charleston, West Virginia, where he was most recently the interim vice chancellor for human resources with the West Virginia Higher Education Policy Commission and the West Virginia Council […]
Commonwealth Catholic Charities names CFO
Richmond-based nonprofit Commonwealth Catholic Charities announced Thursday it has named John Montoro as its chief financial officer. Montoro has more than 30 years of experience in public accounting and working with nonprofit organizations and local governments as an auditor and consultant. He started an accounting practice, RealTime Accounting Solutions, seven years ago. His Richmond-area cli[...]
Fairfax software company names new COO
Fairfax County-based computer software company 3Pillar Global announced Thursday it had promoted former chief revenue officer Heather Combs to chief operating officer. In her new role, Combs will work on company growth strategies and will continue to oversee development and operations of 3Pillar’s services including marketing, strategic partnerships and commercial operations. She earned [...]
More than 100k Virginians filed for unemployment last week
More than 100,000 Virginians filed initial claims for unemployment last week, according to a news release Thursday afternoon from the Virginia Unemployment Commission. During the week that ended on April 11, Virginia saw 104,619 workers file for unemployment, bringing the most recent four-week total to 410,762. If 67,000 more Virginians file initial claims for unemployment, […]
Amazon.com Inc. hires 3.3k+ Virginians, more to come
Amazon.com Inc. has hired more than 3,300 employees in Virginia to meet the increased demand for home deliveries during the coronavirus crisis, the e-commerce giant announced Thursday. The hirings are part of Amazon’s initiative to create more than 100,000 full- and part-time jobs in the U.S. in response to the COVID-19 pandemic. It’s also more […]
SBA Paycheck Protection Program runs dry, as expected
The Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund officially ran dry Thursday morning, as expected. “The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding,” according to the SBA’s PPP page. Small businesses that receive the forgivable loans are allowed[...]
Dairy farms worry about staying afloat during pandemic
With milk prices dropping to the lowest point in years during the COVID-19 pandemic, Virginia dairy industry representatives fear that as many as 30 to 40 of the commonwealth’s 450 dairy farms could be forced out of business by the end of the year. The dairy industry in Virginia has been in decline for several […]
SBA Paycheck Protection Program funds could run out by Thursday
The Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund is expected to be exhausted by early Thursday. Since the application process for the fully forgivable loans opened on April 3, Virginia banks have been flooded with nearly 30,000 applications totaling $6.6 billion worth of requests from small businesses hurt by the […]
