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George Mason University launches Race, Politics, and Policy Center
George Mason University’s Race, Politics, and Policy Center launched Monday. American philosopher, author and political activist Cornel West will be its inaugural spring lecturer on April 14. GMU’s Schar School of Policy and Government professor Michael Fauntroy founded the center after returning to GMU from Howard Unive[...]
Joint venture with BWXT subsidiary wins potential $21B DOE contract
A team including a subsidiary of Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) won a U.S. Department of Energy contract with an estimated ceiling of $21 billion, the supplier announced Thursday. The DOE’s Office of Environmental Management awarded the 10-year Savannah River Site Integrated Mission Completion Contract to Savannah River Mission Completion […][...]
BAE Systems makes splash with potential $478M Navy contract
Arlington-based defense contractor BAE Systems Inc. has won a U.S. Navy contract worth up to $478 million if all options are exercised, the company announced Oct. 27. Under the five-year Systems Engineering and Integration Support Services contract, BAE Systems will continue supporting the U.S. Navy Strategic Systems Programs (SSP) office. The SSP oversees the Strategic […]
Richmond apartment building sells for $27M
A 157-unit apartment building in Richmond sold for $27.25 million, Minneapolis, Minnesota-based real estate broker NorthMarq announced Wednesday. Located at 308 N. Nansemond St., the three-story property known as The Gallery Midtown was built in 1938. The previous seller, Richmond-based Spy Rock Real Estate Group, renovated the [...]
Shenandoah Community Capital Fund to get $1M as part of federal program
The Shenandoah Community Capital Fund (SCCF) will receive $1 million in American Rescue Plan funding as part of the Community Navigator Pilot Program, the U.S. Small Business Administration announced Thursday. The program is an initiative meant to reduce barriers that small businesses, especially those owned by veterans, women, people from rural communities and communities of […]
Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey interviews
HAMPTON ROADS Richard E. Groover, CPA Shareholder | Wall, Einhorn & Chernitzer PC Norfolk What local industries/sectors do you think have potential for growth? Continued growth around the Port of Virginia and green energy. … Entrepreneurs and local leaders have made substantial investments to tee up this area as part o[...]
SPAC-ulative finance
One of the hottest investment tools in the past year and a half has imploded. But don’t give up on special purpose acquisition companies, or SPACs as these peculiar financial structures are called, industry experts say. Also called blank-check companies, SPACs are here to stay, but not necessarily at the high-flying levels of [...]
Fluence launches IPO that could raise $868M
Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., launched its initial public offering (IPO) of 31 million shares of Class A common stock Thursday at $28 per share. The company is trading on the Nasdaq Global Select Market under the ticker symbol “FLNC.” As[...]
UVA Community Health names interim CEO
Erik Shannon will become the interim CEO of University of Virginia Community Health on Nov. 5, the network announced Thursday. UVA Community Health is a network of outpatient services across Culpeper and Northern Virginia, with UVA Culpeper Medical Center, UVA Haymarket Medical Center and UVA Prince William Medical Center. Shannon was most recently a partner […]
VF Corp. to create 82 jobs in Henry County
Denver-based apparel and footwear company VF Corp. will create 82 jobs with a $10.2 million expansion within Henry County, Gov. Ralph Northam announced Thursday. The company will make upgrades within its 500,000-square-foot facility in Martinsville to increase distribution capacity and speed. “VF Corp. has thrived in Henry Cou[...]
Fluctuating fortunes
The Steward School campus in Henrico County looks a bit different this year. With five mobile classrooms, a tent on the patio and masked faces, the school has noticeably adapted to the demands of teaching students amid a pandemic. “In a lot of ways, we’ve gotten somewhat back to normal,” Head of School Dan Frank […]
Va. governor’s race coming down to the wire
One week out from Election Day, the Virginia governor’s race remains very close, according to two polls released this week. Former Gov. Terry McAuliffe, the Democratic nominee, has small leads over Republican challenger Glenn Youngkin that are within the surveys’ margins of error. Released Wednesday morning, Christop[...]
