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Recent Articles from Sydney Lake
Bank of America donates $1M to Northern Virginia Community College
Bank of America donated $1 million to Northern Virginia Community College to help students of color complete education and training necessary for the workforce as part of its $25 million commitment to community colleges, historically Black colleges and universities, and Latino-serving institutions. Using the donation, NOVA intends to develop and expand programs to meet skill […]
Tysons consultancy names VP, management advisory services
Tysons-based government and defense consultancy LMI announced Wednesday that Christine “Chrissy” Cocrane has been promoted as vice president of management advisory services. Cocrane most recently served as LMI’s director of policy analysis and operations. In her new role, she will oversee more than 600 policy analysts, project and program managers, communications, financial, science and [...]
15 Va. tech companies ranked fastest-growing in North America
Fifteen Virginia tech companies earned spots on Deloitte’s 26th annual North America Technology Fast 500 Rankings list released Wednesday. “For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — […]
Norfolk startup initiative launches
The Norfolk Innovation Corridor (NIC), an initiative to attract and retain startups in the region, launched on Thursday, Old Dominion University announced. Qualifying startups and company expansions can receive tax incentives (abatement of Business, Professional and Occupational License taxes at 100% for two years and 50% for three years) through the NIC, in collaboration with […]
Downtown Suffolk unveils new branding
The Suffolk Economic Development Department on Wednesday unveiled new Downtown Suffolk branding. Downtown District businesses will have access to the logo and other marketing tools developed by advertising agency BrandFirst. There are also logos available with a “We’re Open” tagline. The new branding and tagline are part of Suffolk’s Downtown Master Plan, which also includes [&hell[...]
Va. ABC recognized as top alcohol enforcement agency
The Virginia Alcoholic Beverage Control Authority (ABC) won the Alcohol Law Enforcement Agency of the Year award from the National Liquor Law Enforcement Association (NLLEA), the agency announced Wednesday. This marks the third time that Virginia ABC has earned this recognition — also marking wins in 2002 and 2017. The NLLEA is a nonprofit association […]
More than 70% of U.S. hotels may not survive pandemic
As COVID-19 cases continue to rise in the U.S. and travel restrictions are reinstated, the American Hotel & Lodging Association (AHLA) projects that 71% of hotels won’t survive another six months without federal assistance, according to recent survey results. In Virginia alone, Virginia hotel revenues continued last week to stay well below pre-pandemic levels compared […]
Audi of America names SVP, chief marketing officer
Herndon-based premium auto manufacturer Audi of America announced Wednesday it has promoted Tara Rush as senior vice president and chief marketing officer, effective Dec. 1. Rush currently serves as Audi of America’s chief communications officer. In her new role, she will oversee brand strategy and U.S. marketing efforts including advertising, retail marketing, consumer experience, brand [&h[...]
Online education provider K12 Inc. rolls out new brand name
Herndon-based online education provider K12 Inc. announced Wednesday plans to change its brand name to Stride Inc., effective Dec. 16. “A great education doesn’t stop at high school graduation,” Stride CEO and Chairman Nate Davis said in a statement. “The Stride brand recognizes that, as a company, we are no longer limited by the boundaries […]
Hilton to sell $1.9B in debt in private offering
As hotel industry revenues continue plummeting, McLean-based Hilton Worldwide Holdings Inc. announced this week it will sell $1.9 billion in debt in a private offering to institutional buyers. The hotelier will sell $800 million of senior notes (due in 2029) at a 3.75% interest rate and an additional $1.1 billion at a 4% rate. Those […]
