The Virginia Tech Transportation Institute will study the safety of allowing more flexible sleep requirements for long-haul truck drivers.
The institute, along with Washington State University and SmartDrive, received a $2.5 million grant from the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) .
The team will study a proposal to allow drivers to split their required sleeper berth time into shorter time periods. Commercial truck drivers are required to log at least 10 consecutive off-duty hours before returning to on-duty status.
“For some time now, sleeper-berth drivers have called for flexibility with the hours-of-service requirements, and this study will provide the scientific foundation for FMCSA to understand what the safety benefits and impacts may be in allowing such flexibility,” Rich Hanowski, director of the Center for Truck and Bus Safety at the Virginia Tech Transportation Institute and principal investigator for the study, said in a statement.
Researchers will recruit at least 200 long-haul truck drivers who regularly use sleeper berths in their trucks. Onboard video monitoring systems from SmartDrive will monitor driver behavior, including roadside violations, crashes and driver sleepiness.
“This study will examine the safety impact of providing participating drivers the opportunity to use a ‘sleep when you are sleepy’ strategy to manage their individual fatigue,” Kimberly Honn, a post-doctoral researcher from Washington State University, said. “They will still be required to comply with the overall federal hours-of-service safety requirements, but during the study they will be allowed to exercise a degree of flexibility in logging sleeper berth time.”
Gov. Terry McAuliffe announced Thursday that he will propose lowering Virginia’s corporate tax rate to make the state more competitive.
Lowering the corporate tax rate from 6 percent to 5.75 percent would reduce business taxes by $64 million over two years. The rate would become effective Jan. 1, 2017.
“We have to always put ourselves in a very competitive position, right now tax wise we are not in a very competitive position,” McAuliffe told reporters from around Virginia gathered for the annual Associated Press Day at the Capital. “We need to reduce taxes here in the commonwealth in order for us to be competitive.”
North Carolina has a corporate tax rate of 5 percent and is planning to lower it to 4 percent as of Jan. 1.
“The first question we always get is what is your tax rate so when you’re at 6 and our neighbor to the south is 5, I think we need to be in the 5’s.” McAuliffe said. “And that’s why I’m saying let’s go down to 5.75.”
McAuliffe also announced proposals to create a new tax credit and expand existing tax credits. His proposals will include:
Creating a new research and development tax credit that would have an annual statewide cap of $15 million. The credit would be designed to benefit larger companies that spend more than $5 million in annual research spending, which McAuliffe said the state has had trouble attracting.
Expanding Virginia’s existing research and development tax credit by raising the statewide cap from $6 million to $7 million and extending the sunset date from 2019 to 2026.
Increasing the cap on Virginia’s Angel Investor Tax Credit from $5 million to $9 million, with $2 million earmarked for bioscience projects.
Reducing the number of Virginia retailers who are required to pay accelerated tax payments at the end of the state’s fiscal year in June.
Gov. Terry McAuliffe announced Wednesday that his two-year budget will include funding designed to boost Virginia’s cybersecurity industry.
The governor’s proposals include development of a “cyber range” that will provide high school and college students a virtual platform to practice cyber skills.
The range also will allow Virginia to provide training on cyber-attack detection and defense, develop certifications, conduct research and provide training for active duty military and veterans.
McAuliffe also plans to offer scholarships for two years of tuition to students in exchange for two years of public service and create cybersecurity apprenticeships that allow students to earn an education and get real-world experience at the same time.
Additional funding would go toward helping more of Virginia’s higher education institutions become Centers for Academic Excellence. These centers are certified universities and colleges that meet national standards for cybersecurity training.
So far, eight of Virginia’s public and private four-year institutions, and two community colleges have earned the designation (Northern Virginia and Lord Fairfax communities colleges).
McAuliffe said his goal is for all 23 community colleges to achieve the certification.
Costs of the proposals will be annoucned when McAuliffe releases his budget later this month.
Five companies in Hampton Roads became the first gradates of Norfolk’s ExportTech program on Tuesday.
ExporTech is a national export technical assistance program that helps manufacturers develop and implement an international growth strategy.
Norfolk is the first city in Virginia to offer the 10-week program, where executives from companies develop an export plan into a specific marketplace. In June, the companies will measure their progress according to the National Institute of Standards and Technology (NIST) at the U.S. Department of Commerce.
Norfolk’s ExporTech pilot program was lead by the city’s Department of Development and included support from Old Dominion University, Virginia Small Business Development Centers (SBDC), U.S. Department of Commerce, the Port of Virginia and GenEDGE Alliance.
The federal program began in 2007. More than 700 manufacturers have graduated from programs in 30 states.
The graduates of Norfolk’s program include:
Descal-A-Matic: (Norfolk) Descal-A-Matic provides a nonchemical, environmentally friendly technology for protecting water systems from dissolved mineral scale and corrosion.
Grandwatt Electric: (Suffolk) Grandwatt Electric is a global manufacturer of diesel-powered portable light towers and diesel- and natural gas-powered commercial and industrial generators.
MissionMobility: (Chesapeake) MissionMobility was pertinent to the invention of edge tactical networking. Today, the company offers mobile communications systems and mission critical solutions.
Netarus: : (Norfolk) Netarus has been developing the latest wireless, video and sensor technology since 2012; introducing that technology to the marine, industrial, transportation and construction industries in order to improve safety and productivity.
Paramount Sleep: (Norfolk) Paramount Sleep is an 80-year-old, family-owned mattress manufacturer whose mattress brands are sold throughout the U.S. and in select countries overseas.
Norfolk’s Department of Development has expanded its push to help companies expand international sales. The city is offering a Global Initiatives Fund, which provides loans to companies that want to enter or expand into the global marketplace.
In the early 1980s, the hospital director of the 350-bed Penn State Hershey Medical Center was looking for his next challenge. He applied to be the administrator of Fairfax Hospital, then about double the size of Penn State’s hospital, a natural next step for a health-care executive.
After a yearlong interview process, Knox Singleton instead was chosen to lead the entire hospital system, which at that time owned three hospitals. The CEO of Fairfax Hospital Association was planning to retire and wanted to groom the young executive to take his place.
Singleton had been assistant director and director at Hershey and previously worked for the English National Health Service at Guy’s Hospital in London. But he hadn’t led anything comparable to the Fairfax association, which at the time had hundreds of millions of dollars in revenue and thousands of employees. “At the age of 35, that was unexpected and a somewhat daunting development,” he recalls.
“But I never did get that administrator’s job at Fairfax,” he jokes in his office at the headquarters of the Inova Health System, the successor to Fairfax Hospital Association that he has now led for 31 years.
Despite the ambitious role he was given in his 30s, Singleton expected to stay at Inova for only three to five years before looking for the next step in his
career.
Northern Virginia in the 1980s was not the economic powerhouse it is today.
Fairfax County, with a population of around 700,000, was mostly a bedroom community of Washington, D.C. Today, the county has 1.1 million residents and is the home of eight Fortune 500 companies and 125 firms on the Inc. 5000 list.
“I had no real insight that this edge city was going to grow up underneath our feet here, and the whole community was just going to explode and boom as it has over the last 25 years,” says Singleton.
Inova’s transformation has followed the explosive growth of Fairfax and Northern Virginia. Today the nonprofit health system has 16,000 employees and five hospitals with 1,700 licensed beds.
“If you said, ‘I’m going to leave when the growth slows down or the innovation stops’… there was no place to get off the bus. It was rolling at high speed going to lots of interesting places,” says Singleton.
Inova now offers a wide range of health-care specialty centers, outpatient facilities, primary and specialty physician practices and the internationally recognized Inova Heart and Vascular Institute, Inova Translational Medicine Institute, Inova Neuroscience Institute and Inova Children’s Hospital.
“Northern Virginia has been blessed to have had a handful of leaders and visionaries who transformed the region from a government bedroom community to an internationally recognized economic powerhouse — Knox Singleton is one of them,” says Sean Connaughton, the president of the Virginia Hospital and Healthcare Association, who first worked with Singleton after being elected chairman of the Prince William County Board of Supervisors in 1999. “Knox has built Inova into a top-notch health-care, academic and research center while never losing sight of the fact that the health system’s primary role is to serve its patients.”
Instead of easing his way into retirement, Singleton, 67, is continuing to make his mark on Inova and the community. He is the catalyst behind the Inova Center for Personalized Health — an envisioned campus for researchers, clinicians, educators and patients — designed around the growing field of personalized medicine. It is a plan that, according to health-care and economic development officials, already is attracting attention around the world and could help diversify a regional economy still heavily dependent on federal spending.
“He has the willingness to have a bold vision for the Center for Personalized Health and the willingness to get behind it, to drive it and to take risk,” says Todd Stottlemyer, the center’s CEO. “Because when you get out in the area of genomic science, we’re on the cutting edge of medicine and the cutting edge of clinical research and care. That hasn’t deterred him in any way from articulating a big vision for the health system and for the Center for Personalized Health.”
For his leadership during Inova’s transformative growth and his ambitious plans for the Inova Center for Personalized Health, Virginia Business has named Singleton its 2015 Virginia Business Person of the Year.
A growing field Under Singleton’s guidance, Inova expects to build an academic, research and clinical campus focused on the growing field of personalized medicine, which aims to predict, prevent and treat disease based on an individual’s genetic makeup. The medical field already has garnered attention from the White House, which in January unveiled its $215 million Precision Medicine Initiative to fund research.
Singleton’s dream is to make Inova a leader in the field, and he has personal reasons for that goal. His mother died of lymphoma, and 15 years ago he was diagnosed with the same disease. “My bet is that some of my four kids will have lymphoma,” says Singleton. “I found mine at stage four, where the survival rates are 35 percent. If my son gets lymphoma, he should discover it at phase one, where it’s 90 percent curable.”
Inova already has invested in this field in a number of ways, establishing the Inova Translational Medicine Institute and hiring Dr. John Niederhuber, the former director of the National Cancer Institute, to lead it. Inova also hired Dr. Donald “Skip” Trump, the former head of the Roswell Park Cancer Institute in Buffalo, N.Y., to lead its Inova Dwight and Martha Schar Cancer Institute. The institute focuses on pharmacogenomics, which uses therapies based on patients’ genomes and the genetic characteristics of tumors being treated. In addition, Inova had explored the development of a medical school and other education programs related to personalized medicine.
Then Exxon Mobil Corp. announced in 2012 it would vacate its 117-acre campus in Fairfax, moving 2,100 jobs to its Houston headquarters. Singleton saw the property — located across the street from Inova Fairfax Hospital — as the linchpin that could make Inova a leader in personalized medicine. Inova took ownership of the property Oct. 1 for a reported $180 million. The health system will spend the next six to nine months working on a master plan for the entire campus.
In early October, a large framed aerial photograph of the future site of the Inova Center for Personalized Health was propped up against the wall on the floor of Singleton’s office. The photo shows, in the center of a densely wooded area, the existing 1.3 million square feet of office space that Inova has begun to retrofit.
So far, Inova leaders are envisioning a village that includes clinical care, research, hotel and even residential facilities. Singleton says Virginia universities from around the state likely will have a presence. A big component of the plan is attracting new businesses to the campus, which sits in a region that already has a high concentration of technology workers and companies.
“What the Center for Personalized Health provided was really an opportunity to bring all of [these initiatives into personalized health] into physical proximity and create the opportunity to synergize across these different boundaries,” says Singleton. “And then create a companion site for businesses. Really the opportunity that was not in the works before we [acquired the property] was the vision of bringing businesses, who were going to be active in the analytics or the genomics or the personalized medicine field, into direct proximity with the research and delivery components.”
That could mean university and Inova researchers working with an IT company to develop a tool to identify mothers at risk for complicated pregnancies or with a drug company to develop a test determining optimal doses of blood thinners for patients based on their genetics. “What our focus is on is translational research, which takes established basic science results and translates them into patient care,” says Singleton.
Jerry Gordon, president and CEO of the Fairfax County Economic Development Authority, says the former Exxon Mobil campus is the key to establishing Inova as a leader in personalized medicine. “A lot of communities around the world have designated this as one of their future growth industries,” says Gordon. “But you have to have something that makes you attractive and something that makes you special. This whole campus is that special thing that makes Fairfax County distinctive.”
He says the future of translational medicine is dependent on the ability to store and analyze big volumes of data. “We have that capacity here in Northern Virginia,” says Gordon, who started in his position the same year Singleton began leading Inova. “We have the workforce to help accelerate this research.”
Already, the campus has received interest from research organizations and a wide variety of life-science, pharmaceutical and technology companies from around the world, says Stottlemyer, who was CEO of IT company Acentia LLC before returning to Inova to lead the project. Stottlemyer previously had been an executive vice president at the health system.
“I think this is the most exciting opportunity for Northern Virginia since I’ve been in the area [for more than 30 years],” he says, “because it has the opportunity to combine the significant advancements that are being made in scientific discovery around medicine with some of the core strengths being made in Northern Virginia around information technology and data analytics, as well as connecting to some of the outstanding universities from around the state.”
Inova’s push into personalized medicine is promising because the center is near Washington and it is hiring top researchers, says Edward Abrahams, president of the Personalized Medicine Coalition, an education and advocacy group. “[With personalized medicine], we hope we can know in advance what is likely to work and what doesn’t, and in cancer that is obviously very, very important. There are statistics that say that 75 percent of cancer drugs don’t work well. That’s not very good, and they’re toxic.”
Abrahams hopes that Inova is able to demonstrate the benefits of personalized medicine by “conducting the research and bringing that research to clinical care on the ground where it can, and we hope will, demonstrate the effectiveness of personalized medicine and its ability to produce better outcomes for patients and lower overall costs for systems like Inova.”
Other health organizations around the country, such as the Mayo Clinic, also are investing in personalized medicine. Yet, Inova is unique because it’s a community hospital system rather than an academic research center, says Abrahams. “[Inova’s] efforts to expand its influence punch above its weight in being on the frontier of modern medicine,” he says.
Singleton says fundraising for the center has gone well. The cancer center alone received a $50 million donation from homebuilder Dwight Schar and his wife, Martha, earlier this year. Singleton says the overall project has received other multimillion donations.
Inova is buoyed by strong financials. The health system ended 2014 with $2.7 billion in operating revenue, up from $2.5 billion in 2013. Its operating income was up 65 percent last year to $217.7 million. The health system had $4 billion in unrestricted cash and investments, putting it in a prime position to invest in capital expansion.
Stottlemyer credits Singleton’s vision as being the catalyst behind the center. “Knox is a big visionary and audacious leader,” he says. “And he’s challenged all of us in such a positive way to build something that is truly game changing for the health of our community and also broadly for the economic development related benefits to our community, too.”
Responding to change During his more than three decades at Inova, Singleton has been able to stay ahead of health trends and identify impending changes, says John Toups, the former chairman of the Inova Health System board of trustees, who served on the board for more than 20 years. Singleton also has been able to respond to change by hiring good people who can run Inova’s day-to-day operations, the former board member says. “He’s got good, good people in those major slots, so that does allow him time to think of the future and what changes are coming and how Inova can react to them.”
The biggest change that Singleton has encountered is the Affordable Care Act. “The ACA has been the most transformational piece of legislation during my 35, 40 years in health care,” says Singleton. “The ACA is incentivizing payers to actually manage care, take risks and manage utilization and the costs of care. It also fundamentally is moving the locus of decision-making and funding of health care out of employers and onto individuals.”
One innovative response to the ACA was a partnership Inova formed with health insurer Aetna. The joint venture was one of the first of its kind in the country. It offers a health plan, Innovation Health, to employers and to individuals through health exchanges created by the ACA. Membership has grown quickly to more than 172,000. Thirty-eight thousand people have purchased the plan on federal exchanges.
Singleton also has strived to keep a personal connection with employees, patients and other stakeholders despite Inova’s rapid growth. For years, he wrote folksy letters to them, mixing personal anecdotes with company news.
“People could really resonate with the illustrations of a lot of these organizational issues in a personal context,” says Singleton. “Everybody can relate to when you talk about your kids or other parts of your family or your pets.”
Today, on the advice of some of Inova’s millennial employees, the letters have morphed into a blog, “Opportunity Knox,” on which Singleton posts short videos.
For all the change he’s overseen at Inova, Singleton still refers to his decision to open a program for AIDS patients in the early 1990s as his proudest achievement.
Back then, AIDS was sparking public fear. While a growing number of patients were diagnosed with the incurable disease, little was known about its transmission.
“At the time, it was not a cool thing to do because there was so much fear,” says Singleton. “We organizationally stood up and did what there was a pressing need for. It was neither an economically nor socially advantageous step, but it was the right thing to do.”
To this day, Inova treats the largest numbers of HIV-positive patients in the Washington, D.C., area.
That desire to help people drives Singleton at work and outside the office, say those who work with him. Singleton helped found the Community Coalition for Haiti (CCH), a Vienna-based organization that provides health care, education and community development services in Haiti. The organization was founded by two churches, including Vienna Presbyterian Church where Singleton is a member, 25 years ago.
Singleton still travels to Haiti on missions. He was the president of the organization for several years and still is a member of its board.
“He really wants to help those poor people in Haiti who are less fortunate than we are and who have very, very challenging lives,” says Wood Parker, who serves on the CCH board. “He’s got a heart for helping people, and it is that heart and that desire to help people that [are shown in] his work in CCH for years.”
Singleton also is on the board of the Global Good Fund, which identifies and invests in young social business entrepreneurs around the world.
His associates believe Singleton’s desire to help people is the motivation for his push into personalized health.
“This is about much more than economic development, much more than science and medicine,” says Stottlemyer. “I think a fundamental value and belief of his is he has an opportunity to drive an effort that can really change the human condition and lives of our friends and family members because of its ability to better predict, prevent and treat disease.”
Jerad Nielsen has been named senior portfolio manager in Cushman & Wakefield | Thalhimer’s Richmond office.
Nielsen was previously a portfolio manager in Thalhimer’s Roanoke office and later was transferred to Thalhimer’s Charlotte office as senior portfolio manager.
Nielsen will manage a variety of properties in the Richmond region, including medical, office, industrial and retail properties. He has a bachelor’s degree from Virginia Commonwealth University.
CSRA Inc. has completed its separation from Falls Church-based CSC Corp. and acquired SRA International, the companies announced Monday.
CSRA, which has 19,000 employees and pro-forma annual revenues of $5.5 billion, is now independently traded on the New York Stock Exchange.
CSC announced earlier this year that it would spin off its public-sector business from its commercial and international business. Later, it announced it would acquire Fairfax-based SRA International for $390 million and $1 billion in assumed debt.
CSRA will provide IT services to the U.S. government, including helping modernize legacy systems, protecting their networks and improving efficiencies.
“A little more than six months ago, CSC’s board of directors determined that two leading pure-play companies, focused exclusively on their respective customer segments, would best serve the interests of our clients, employees and other stakeholders,” said Mike Lawrie, who will remain CSC president and CEO and is now chairman of CSRA. “The debut of CSRA and the completion of the merger with SRA accelerate our transformational goals and enable both CSC and CSRA to drive innovation and better address the demands of the markets they serve.”
Larry Prior, who has been executive vice president and general manager of CSC’s North American Public Sector group, has become CEO of CSRA.
Under the separation agreement, stockholders who held CSC common stock at the close of business Nov. 18 received one CSRA share for every one share of CSC common stock they owned.
SRA officially merged with CSRA on Monday, becoming a wholly-owned subsidiary of the company. Former SRA shareholders received $390 million about 25 million CSRA shares. These shareholders will own 15 percent of the outstanding common shares.
SRA was privately owned by a shareholder group led by Providence Equity Partners and SRA’s founder, Ernst Volgenau, and other members of the management team.
SRA was taken private four years ago and registered in July with the Securities and Exchange Commission for an initial public offering. CSC announced at the end of August that its spin off would merge with SRA.
Oman has lifted its ban of poultry products from Virginia and other U.S. states, Gov. Terry McAuliffe announced from his marketing trip to the Middle East and India.
The country had banned all imports of U.S. poultry in May in response to an outbreak of avian influenza in several Western and Midwestern states.
In 2014, Virginia poultry producers exported $1 million in products to Oman, but, by September, exports were down 90 percent year-to-date due to the import ban, according to the governor’s office. At the same time, total Virginia agriculture and forestry exports to Oman have increased 117 percent, led by soybean exports of more than $5 million.
McAuliffe said the ban was lifted after months of discussions between the governor’s office and the Embassy of Oman, including with Hunaina Sultan Al-Mughairy, Oman’s ambassador to the U.S. McAuliffe met with Oman’s ministers of commerce and industry and agricultural affairs and fish resources on Sunday.
McAuliffe said he and Secretary of Agriculture and Forestry Todd Haymore led discussions with several Oman poultry producers.
“We understand every country's desire to protect its food supply,” Haymore said in a statement. “However, given that Virginia has not been affected by avian influenza and its poultry is among the safest and highest quality in the country, we greatly appreciate that Oman recognized our position and lifted its ban on our products.”
Advance Auto Parts Inc. announced Friday that the president and CEO of the restaurant group that owns Olive Garden and Longhorn Steakhouse has joined its board of directors.
Advance Auto, an automotive parts retailer headquartered in Roanoke, said Eugene “Gene” I. Lee Jr. has joined its board of directors as of Friday. Lee also is on the board of directors of Darden, whose other restaurants include Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House.
Lee joined Darden when it acquired RARE Hospitality International Inc., where he had been president and a member of its board of directors since 2001. Following Darden’s acquisition of RARE in 2007, Lee held a variety of executive roles until he was appointed to his president and CEO in February of this year.
The Virginian, a historic building under redevelopment in Lynchburg, will join Hilton Worldwide’s boutique Curio brand.
The hotel, which will be named The Virginian Lynchburg, Curio Collection by Hilton, is expected to reopen in 2017.
Hilton launched its Curio brand last year, which now includes a collection of more than 70 independent upscale and luxury hotels. The Virginian Lynchburg will be Hilton’s first Curio-branded hotel in Virginia.
The Virginian opened as a hotel in 1913 but ultimately served as a low-income housing complex for almost 30 years until it closed in 2014.
Once restored, the hotel will offer 115 guestrooms, a ballroom and conference center, roof-top lounge, artisan coffee shop and a restaurant and bar.
“Our team continues to work tirelessly to bring The Virginian back to life in the best way possible,” Blair Godsey, development partner of Altus Group, said in a statement. “We promise to stay close to the design roots of this early 20th century architectural treasure, while ensuring that it surpasses expectations as a modern and luxurious new hotel.”
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