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Danville casino price tag now set at $500M
Danville’s forthcoming Caesars Virginia casino and resort is going to be bigger than expected, with the project expected to cost $500 million, $100 million more than previously estimated. Caesars Entertainment released new renderings and more details Thursday for the casino. Part of the additional cost will go toward a lar[...]
Ellucian acquisition deal closes
The acquisition of Reston-based higher education software company Ellucian by investment firms Blackstone and Vista Equity Partners has been completed, the companies announced Wednesday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity acquired Ellucian from Texas-based TPG C[...]
Finnish software company establishes North American HQ in Reston
Helsinki-based e-permit software company Cloudpermit has chosen Reston for its North American headquarters, it said Wednesday. Last spring, during Gov. Ralph Northam’s trade visit to Germany, the company decided to locate the office in Fairfax County, with the precise location announced this week. The company currently has[...]
Vienna-based Spire Global to buy Canadian company for $161.2M
Vienna-based space-focused data and analytics company Spire Global Inc. has entered into a $161.2 million deal to purchase exactEarth Ltd., a Canadian maritime data provider, the two companies announced Tuesday. Spire, which is set to close on the cash and stock purchase late this year or in early 2022, will operate Ontario-based exactEarth as a […]
ValleyStar Credit Union names new CEO
Martinsville-based ValleyStar Credit Union hired Mike Warrell as CEO, it announced Wednesday. “As ValleyStar strengthens relationships and builds upon its digital integration, Mike Warrell was the clear choice to move the credit union forward,” ValleyStar Chairman James Rorrer said in a statement. “He has the exper[...]
Va. hotels expect $1.5B loss in 2021 biz travel
The Virginia hotel industry expects to take a $1.5 billion loss this year stemming from sharply reduced business travel — 63.5% below pre-pandemic revenue levels, according to projections released Wednesday by the American Hotel & Lodging Association. Business travel is expected to generate about $864.5 million for hotels [...]
Service Center Metals to expand, add 94 jobs
Prince George County-based aluminum extrusions manufacturer Service Center Metals will spend $101.7 million to build two more facilities in the county, projects expected to create 94 jobs, Gov. Ralph Northam announced Tuesday. Service Center Metals will build an aluminum extrusion plant and a compact remelt plant in Crosspoint C[...]
Booz Allen acquires Fredericksburg-based Tracepoint
Fortune 500 global management consultant Booz Allen Hamilton Inc. has acquired Tracepoint, a Fredericksburg-based digital forensics and incident response (DFIR) company, Booz Allen announced Monday. Financial terms of the agreement were not disclosed. Baton-Rouge based Plexos Group LLC, Tracepoint CEO Chris Salsberry, Brett Anderson and Rob Driscoll co-founded Tracepoint in December 2019. Tracepoint provides DFIR, […][...]
EarthLink to create 285 jobs in Norton
Atlanta-based internet service provider EarthLink is spending $5.4 million to build a customer support center in Norton, a project expected to create 285 jobs, InvestSWVA and Gov. Ralph Northam announced Tuesday. As part of moving its customer service operations from overseas to the U.S., EarthLink will build a 30,000-square-foo[...]
Aery Aviation to add 211 jobs, expand Newport News HQ
Newport News-based defense contractor Aery Aviation LLC will add 211 jobs with the $15.3 million expansion of its headquarters in Newport News, Gov. Ralph Northam announced Tuesday. The aviation company will build a 60,000 square-foot hangar with access to the Newport News/Williamsburg International Airport runway and an engineering technology center to provide maintenance and modification […][...]
U.Va. Cancer Center earns highest level in National Cancer Institute designations
The National Cancer Institute (NCI) at the National Institutes of Health awarded the University of Virginia Cancer Center a Comprehensive Cancer Center designation that will be effective Feb. 1, 2022, making it the 52nd program in the nation to currently hold the designation and the only one in Virginia. “This achievement is exemplary of the […]
43 Va. schools make U.S. News and World Report’s 2022 list
Forty-three Virginia schools ranked on the U.S. News and World Report’s 2022 best lists of more than 600 universities and liberal arts colleges in the country, released Monday. The University of Virginia ranked No. 25 in national universities, tying with Carnegie Mellon University and moving one spot up from its rank in 20[...]
