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Amazon plans Spotsylvania data centers
A game changer. That’s how Spotsylvania Board of Supervisors Chair David Ross describes the annual tax revenue the county could see from data centers, including a slate of proposed Amazon.com facilities that could generate $120 million per year. “You could get rid of personal property tax on cars,” Ross says. “You could put more money […]
Economic Development 2023: BUDDY RIZER
Head of Loudoun’s economic development since 2007, Rizer is best-known for helping build the county’s Ashburn area into the data center capital of the world. More than 70% of the world’s internet traffic comes through Data Center Alley in Ashburn, with data centers projected to pay $570 million in county taxes just in 2024. But […]
Finance | Insurance 2023: SHANE McLAUGHLIN
McLaughlin has been at Wells Fargo for more than 12 years, including six as the bank’s region bank president for Northern Virginia. A Virginia Tech graduate, McLaughlin joined Wachovia as a licensed financial specialist in 2004 and became a Wells Fargo employee when that bank acquired Wachovia in 2008. In 2011, McLaughlin was given leadership […]
Law 2023: BENJAMIN J. LEIGH
A native of Northern Virginia, Leigh works with business and real estate clients on transactions, planning and litigation. He graduated from the University of Richmond and earned his law degree cum laude from the same school. After clerking for then-Chief Justice of the Supreme Court of Virginia Harry L. Carrico, he practiced with Blankingship & […]
Finance | Insurance 2023: FREDRICK D. SCHAUFELD
After graduating from Lehigh University in 1981, Schaufeld took a job selling extended warranties to auto dealers. When he learned his employer hadn’t actually taken out policies on all his clients, Schaufeld went into business for himself, working directly with the insurance company and dealers. That adventure led to Schaufeld launching N.E.W. Customer Services Companies […]
AREP, partners acquire Ashburn townhome community
CityHouse Ashburn Station, a 200-unit luxury townhome community in Loudoun County, has sold for $120 million. New York-based Rithm Capital, McLean-based American Real Estate Partners and New Jersey-based GreenBarn Investment Group closed the purchase from Dream Finders Homes on Monday. AREP and GreenBarn are co-general partners for the project. Rithm is providing equity capital, in […]
Dominion, Dulles solar project to power 37,000 Va. homes
A massive solar project that will soon begin to take shape at Washington Dulles International Airport will not only have the ability to power 37,000 Virginia homes, but will also send a message to travelers about the power of clean energy, officials said Tuesday during a ceremonial groundbreaking for the 835-acre Dulles Solar and Storage project. […]
Magic Johnson won’t rule out renaming Commanders
Could the Washington Commanders get a new name? NBA legend Magic Johnson, one of the Ashburn-based NFL team’s new co-owners, wouldn’t rule out the possibility during an interview Friday morning with Craig Melvin on NBC’s “Today” show. “Everything is on the table, right? Especially after the last year,” the former Los Angeles Lakers star point […]
NFL owners approve $6.05B sale of Washington Commanders
Dan Snyder’s controversial 24-year tenure as the embattled owner of the Ashburn-based Washington Commanders has come to an end with the record $6.05 billion sale of the team — and a $60 million fine from the NFL. In a special meeting Thursday, all 32 NFL team owners unanimously approved the team’s sale to a partnership […]
Cloud, cyber company to establish HQ in Loudoun
Fortreum LLC, a cloud-computing and cybersecurity firm, is establishing its headquarters in Loudoun County and creating 53 jobs, Gov. Glenn Youngkin announced Thursday. The company, launched in 2021, provides cybersecurity and cloud support with an emphasis on regulatory compliance and technical validations, for businesses operating in the public and private sectors. Fortreum expects to invest [&h[...]
AWS reports it invested $51.9B in Va. from 2011-21
Amazon Web Services Inc. invested more than $51.9 billion in Virginia between 2011 and 2021, according to an economic impact statement released by the company Wednesday. That investment total includes capital and operational expenditures in Virginia, including Loudoun, Fairfax and Prince William counties, AWS said. During that same period, the company has contributed an estimated […]
Construction begins on $135M Loudoun biz park’s first phase
Construction has started on the first four buildings in an approximately $135 million, 10-building business community in Dulles, project owner-developer St. John Properties Inc. of Baltimore announced Wednesday. The project, Arcola Center, will be a 34-acre business park at the intersection of Loudoun County Parkway and Dulles West Boulevard with eight flex/research and development buildings [&hel[...]
