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Return to uncertainty
In the wake of the Federal Reserve lowering interest rates by half a percentage point in September, the stock market has been setting records, hiring numbers are trending strong, and the inflation rate has been slowly edging downward. Nevertheless, many businesses — and workers — seem to be in a state of anxious uncertainty, awaiting […]
Electra’s hybrid prototype aircraft takes first flight
This story was updated Dec. 1. A Manassas aircraft manufacturer that’s developing an electric short takeoff and landing (eSTOL) aircraft logged a significant milestone Nov. 19 when it completed its first hybrid-electric flight. Electra’s EL-2 Goldfinch took off from Manassas Regional Airport and flew 23 minutes, reaching an altitude of 3,200 feet and covered about […]
Deltek names new CFO
Deltek has named Dean Tilsley its chief financial officer, the Herndon-based software company announced Thursday. Tilsley most recently served as CFO for Renaissance Learning, a Wisconsin-based educational software-as-a-service and learning analytics company. In his new role, Tilsley will support growth across Deltek’s portfolio of solutions and help drive financial strategy and operational[...]
Here to stay
Rachel Miller spent half of her undergraduate studies and then a portion of graduate school learning remotely behind a computer screen. Even the first job she took that aligned with her career goals — completing contact tracing during the COVID-19 pandemic while she worked toward her master’s degree in public health — was a remote […]
Change management
Hands down, the most unintentionally funny of the alarmist stories about remote work must be the June “news” articles warning that by 2100, teleworking would result in a generation of obese, hunchbacked, prematurely aged people with swollen eyes, their hands permanently stuck in clawing gestures from using a mouse. Lest you worry that your great-great-grandchildren […]
Serving a repurpose
In Alexandria’s Old Town North, a collection of three brick office buildings built in the 1980s is being transformed into Tide Lock, a community of 234 luxury apartments and condominiums featuring Potomac River views and space for retail and a nonprofit music school. And last summer in the city’s Alexandria West neighborhood, tenants began moving […]
Virginia companies weigh office returns
Many companies in Virginia are taking a flexible approach on whether employees must return to work in offices or continue working remotely or via hybrid models. For instance, Capital One Financial Corp., the McLean-based credit card company, is planning to reopen its U.S. offices in a hybrid model on Sept. 6. Capital One delayed its […]
Future shock
As companies across Virginia continue to adjust to workplace changes created by the COVID-19 pandemic, many human resources managers say one thing is clear: The way people work has changed for good. “This is a new work environment — the workplace has changed now,” says Kirstin Shelton, vice president of human resources for Octo Consulting […]
Capital One to reopen offices in September
McLean-based Capital One Financial Corp. will return to U.S. offices in a hybrid model on Sept. 6, CEO Richard Fairbank announced Wednesday. Capital One has delayed planned hybrid reopenings twice, from September 2021 to November 2021, and then indefinitely when the company announced its decision to postpone again in October 2021. “As we get closer […]
Va. CEOs expect increased sales despite shortages
About 70% of CEOs expect sales to increase in the next six months, despite supply chain and labor shortages, according to the first quarter CEO Economic Outlook survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (VACEOs). Ninety percent of CEOs reported a labor shortage impacting their […]
Hilton Richmond Downtown completes multimillion-dollar renovation
Hilton Richmond Downtown’s multimillion-dollar renovation is complete, New Orleans-based management company HRI Lodging LLC announced March 24. The renovation includes a new lobby bar and lounge and hybrid meeting space, as well as updating the fitness center, indoor pool and guest room bathrooms. The 250-room Hilton Richmond Downtown occupies the former Miller & Rhoads department [&hell[...]
SWVA initiative seeks to attract remote workers
Project Fuse, a regional cooperative initiative to make Southwest Virginia the location of choice for remote employment, launched Friday with the release of a playbook to attract businesses. “The global business community seeks options for both attracting the employees they want and managing their operating costs,” Will Payne, managing partner of Coalfield Strategies LLC and […]
