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Recent Articles from Sydney Lake
Va. hotel revenues remain 51% lower than last year
Virginia hotel revenues continue to decline by more than 50% when compared with last year, according to data released Wednesday from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. Hotel revenues in Virginia dropped by 51% and rooms sold declined by 33% last week, compared with the […]
$380M mixed-use development coming to North Woodbridge
A new $380 million mixed-use development is coming to North Woodbridge in Prince William County, the IDI Group Cos. and Boosalis Properties announced Wednesday. The North Woodbridge Town Center project will include 160,000 square feet of retail space, restaurants, bars, grocery stores as well as 900 apartment units. It will be built during the next […]
Northam proposes $240M for pandemic response
As COVID-19 cases continue to rise and frontline medical workers receive the first vaccine doses, Gov. Ralph Northam called on the General Assembly to allocate $240 million toward pandemic response in his proposed budget amendments released Wednesday. “The budget I present today preserves our focus on flexibility, targeted investments and help for Virginians. While we […]
Sevatec, Octo Consulting announce merger
Fairfax-based software company Sevatec announced Tuesday it has merged with Reston-based government technology company Octo Consulting Group. The combined organization will have nearly $300 million in annual revenue and 1,100 employees. Founded in 2003, Sevatec provides design, DevSecOps, security, cloud service integration, data engineering and automation services and has won nearly $400 millio[...]
NASA awards Northrop Grumman $70M contract
NASA announced Tuesday it has awarded Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. a $70 million contract to provide engineering, manufacturing and technical services for the agency’s Global Hawk Skyrange program. The contract was awarded to Northrop Grumman’s System Corp. (NGSC) business based in San Diego. Work will be performed at […]
Roanoke, local credit union launch small business relief fund
The city of Roanoke and Roanoke-based credit union Freedom First announced Tuesday a partnership that will disburse small business relief grants of up to $25,000 to those affected by the coronavirus. The $416,250 program will use Community Development Block Grant-Coronavirus (CDBG-CV) federal funding. The program is intended for businesses that are at risk of closing […]
Goodwill of Central and Coastal Va. receives $10M gift
Goodwill of Central and Coastal Virginia announced Tuesday it has received a $10 million grant from novelist MacKenzie Scott, who has donated more than $4.2 billion across 384 organizations during the past four months. Scott is the former wife of Amazon.com Inc. CEO Jeff Bezos. The gift will help Goodwill provide job-readiness training to people […]
Smithfield Foods gifts $300K to Hampton Roads Workforce Council
Smithfield Foods Inc., the world’s largest pork processor and hog producer, announced Tuesday it has donated $300,000 to the Hampton Roads Workforce Council (HRWC), a nonprofit that develops workforce policy and initiatives in Southeastern Virginia. The donation will support the HRWC’s new Veterans Employment Center in Newport News. The center will provide resources and coaching [&hell[...]
Arlington company names VP of people
Arlington-based stock media company Storyblocks announced Tuesday it has hired Allison Jno-Baptiste as its vice president of people. Jno-Baptiste most recently served as the executive director of talent and resource management at Brown University. In her new role, she will oversee employee recruitment and diversity. “I believe that the key to an organization’s success is […]
The Hilb Group acquires New York-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Auburn, New York-based insurance company Moran, Moran, & Dauphin Inc. (MMDI), effective Nov. 1. Financial details of the acquisition were not disclosed. Founded in 2006, MMDI provides property and casualty (P&C) insurance products. As part of the transaction, the MMDI leadership […]
