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Recent Articles from Sydney Lake
Maximus acquires Attain fed biz for $430M
Reston-based government services company Maximus announced Monday it has acquired the federal division of McLean-based Attain LLC for $430 million. With more than 30,000 employees worldwide and $2.8 billion in 2019 revenues, Maximus promotes itself as the nation’s largest Medicaid enrollment administrator. The company was founded in 1975 and provides business process management and technology [&[...]
Richmond office building sells for $29.5M
An office building in downtown Richmond has sold for $29.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 140,573-square-foot Edgeworth Building is located at 2100 East Cary Street and was once a tobacco factory. It is 95% leased to Hirschler, RK&K, Ernst & Young and HKS Architects. Originally built in 1925, […]
Life preservers
With small businesses struggling to tread water during the early, unpredictable days of the pandemic, the U.S. Small Business Administration in early April 2020 launched the initial $349 billion Paycheck Protection Program (PPP) relief fund to provide forgivable loans to help businesses stay afloat. Eligible businesses could use the funds to meet payroll costs and […]
Unfinished business
In March 1986, the first issue of Virginia Business magazine off the press was gently wrapped in a baby blanket, cradled in a basket and delivered to its then-owners at the Media General building in Richmond. “We all felt like we had given birth,” recalls Lisa Antonelli Bacon, one of Virginia Business’ first staff writers. […]
Unbound giving
Fitting with the unprecedented year that was 2020, philanthropic donations in Virginia pivoted during the past year, with an overwhelming focus placed on COVID-19 relief and social justice support. “Like the disease, the economic disease that has hit our Main Street knows no bounds,” Charlottesville-based venture capitalist Pete Snyder told Virginia Business in June 2020. […]
‘As resilient as you get’
After sealing the deal on Amazon.com Inc.’s $2.5 billion East Coast HQ2 headquarters as Arlington’s economic development director in late 2018, Victor Hoskins took his talents to the Fairfax County Economic Development Authority (FCEDA) in August 2019. But instead of competing with his Northern Virginia neighbors when he took the helm in Fairfax, Hoskins has […]
Heavy hitters
Just as Zoom conferences and cloud computing have transformed our pandemic-era work lives, so too is technology changing the nature of influence. That evolution is perhaps best evidenced by the addition of Reston-based MicroStrategy CEO Michael Saylor to Virginia Business’ 2021 list of the 50 most influential Virginians. Saylor may not spend his time huddled […]
A sampling of Virginia’s major road projects
HAMPTON ROADS Hampton Roads Bridge-Tunnel Expansion Project Crews broke ground in October 2020 on the $3.8 billion Hampton Roads Bridge-Tunnel (HRBT) expansion — the largest project in Virginia Department of Transportation history. The project will increase tunnel and interstate capacity along 9.9 miles of Interstate 64 between Hampton and Norfolk to reduce congestion and improve […]
Labor market recovery slowed during early February
Labor market recovery slowed during the week of Feb. 7 through Feb. 13, according to Virginia Commonwealth University and Arizona State University economists. Between early January and early February, employment held constant at 68.6%, which is 5.2% lower than it was in February 2020, according to the Real-Time Population Survey conducted by Virginia Commonwealth University […]
Alexandria firm names chief information officer
Alexandria-based ST Engineering North America Inc. has hired Gunjan Goel as its chief information officer. With more than 20 years of experience, he most recently served as senior vice president of information technology at tech company Cobham. A defense contractor, ST Engineering North America specializes in maintenance, repair and overhaul (MRO) services for the aviation […]
