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Va. bankers say they’re not worried by SVB collapse
Last weekend was pretty tense for bankers, even for those leading institutions quite distant and different from Silicon Valley Bank, which Friday became the second largest bank to fail in U.S. history. Federal regulators shut down SVB after a run on the bank. By Sunday, regulators also shut down New York’s Signature Bank, which became […]
Va. to receive $6.22M to expand broadband
Virginia is receiving $6.22 million in “Internet for All” federal grants funded by the Bipartisan Infrastructure Law, the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) announced Thursday. “As we continue to compete in the 21st century, it is crucial that we close the digital divide in Virginia,” U.S. Sen. Mark Warner said […]
Technomics to add 150 jobs in Arlington
Government contracting firm Technomics Inc. is investing $1.7 million to expand its Arlington headquarters and add 150 jobs, Gov. Glenn Youngkin announced Tuesday. Technomics is an employee-owned consulting firm that specializes offers a variety of analytics services for federal and international government clients. The company will lease an additional 10,000 square feet at 1225 South […]
SWVA projects recommended for $10.6M in federal funds
Eight Southwest Virginia economic development projects totaling $10.6 million have been recommended for federal funding under Virginia’s Abandoned Mine Land Economic Revitalization grant program, Gov. Glenn Youngkin and U.S. Rep. Morgan Griffith announced Friday. Referred to the federal Office of Surface Mining and Reclamation Enforcement for approval, the projects include $2.347 million to [...]
On the cusp
Once again, Virginia is a significant factor in this year’s national electoral playing field, in which Democrats are jockeying to stay in power and Republicans are anticipated to make midterm gains. Three congressional districts in the commonwealth — all held by Democratic female incumbents — are considered vulnerable to the GOP by differing degrees. The competitive races […]
White House taps Va. HBCU presidents for advisory board
The presidents of Virginia State University and Norfolk State University are on the list of intended appointees to the President’s Board of Advisors on Historically Black Colleges and Universities, the Biden administration announced on March 31. Virginia State University President Makola M. Abdullah, Norfolk State University President Javaune Adams-Gaston and Janeen Uzzell, CEO of the [&hell[...]
Peraton receives $254M State Department award
Herndon-based Peraton Inc. has been awarded a five-year, $254 million contract to support the State Department’s Diplomatic Security Service’s cybersecurity operations. The federal contractor announced the award Thursday. Under the contract, Peraton will provide cyber support, including incident management, threat analysis and penetration testing. Peraton will also help the department [...]
ID.me to drop facial recognition requirement for government agencies
Amid concerns over privacy and data security, McLean-based tech company ID.me announced Tuesday it would drop the facial recognition requirement in its identity verification software, offering a new option to all government clients. Founded in 2010 as TroopSwap, ID.me works with 10 federal agencies, including Social Security and Veterans Affairs, and 30 states, in addition […]
Political Kool-Aid
Depending on who’s in charge in Dee Cee, plans alternate on what is best for the U.S. economy. The choices are seemingly reduced to tax cuts versus government spending, but things are rarely as they seem. More accurately, these choices are two different sides of the same dollar — or trillions of dollars to be […]
Biden will nominate SAIC senior VP as Army under secretary
President Joe Biden announced Tuesday his intent to nominate Gabe Camarillo, a senior vice president at Reston-based Fortune 500 federal contractor Science Applications International Corp., for under secretary of the U.S. Army. Camarillo is SAIC’s senior vice president of its army business unit and previously held other leadership positions within SAIC. He also has worked […]
VEDP, Martinsville receive $3.9M in federal grants
The city of Martinsville and the Virginia Economic Development Partnership have been awarded $3.9 million in federal CARES Act grants to boost economic development during the downturn related to the COVID-19 pandemic, the U.S. Department of Commerce announced Thursday. Martinsville will receive a $3 million grant from the Commerce Department’s Economic Development Administration to expand [&[...]
J&J vaccine put on pause in Va. due to safety concerns
Updated 6:30 p.m. April 13: Virginia health officials say the CDC has confirmed the Virginia woman’s death is connected to their call earlier Tuesday for a pause on use of the Johnson & Johnson vaccine. Earlier: On Tuesday, the Virginia Department of Health immediately put a pause on its use of the Johnson & Johnson single-dose […]
