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Pitch Preview lets Central Va. startup founders practice pitches
The Virginia Small Business Development Center, along with the Charlottesville Angel Network (CAN), is offering a new program geared toward Central Virginia startup founders who need practice pitching potential investors. Pitch Preview’s first event is scheduled April 29 from 1-3 p.m. via Zoom. Participants commit to 30-minute time slots with a 15-minute pitch, and for […]
Data center air systems manufacturer announces $36M plant in Botetourt
Munters Group AB, a Sweden-based manufacturer of air treatment and cooling systems for data centers and other industrial applications, will invest $36 million to relocate its Buena Vista operations to Botetourt County, company and county officials announced Thursday. Munters will begin construction in April on a 365,000-square-f[...]
Torc Robotics names chief transformation officer
Blacksburg-based Torc Robotics has hired Eddie Amos, a former Microsoft and GE Digital executive and software developer, as its chief transformation officer, the company announced Thursday. In a statement, Amos said his new job is to “translate the lessons learned in 35 years of software disruption into best practices for [...]
Va. new unemployment claims 60% lower than 1 year ago
The number of initial unemployment claims filed during the week ending March 20 were 60% lower than they were this week a year ago when the COVID-19 pandemic’s impact first began to be reflected in Virginia’s unemployment statistics. The Virginia Employment Commission reported Thursday that 17,560 people filed init[...]
Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […][...]
Richmond cuts three of six casino proposals
Updated, March 25 The city of Richmond has rejected three of its six casino proposals. The Pamunkey Indian Tribe, Golden Nugget Hotels & Casinos and Wind Creek Hospitality are no longer in the running, the city confirmed Wednesday night. In late February, the city announced that six casino projects had been submitted for con[...]
AT&T inks $231M U.S. Treasury contract
AT&T Inc. announced Tuesday it has been awarded a $231 million contract from the U.S. Department of Treasury to modernize its voice and data networks and provide cybersecurity protections. The contract was landed by AT&T’s Public Sector organization, which is based in Fairfax County’s Oakton area. The 12-year contract was awarded through the General Service […]
SpaceLink establishes HQ in Tysons
Satellite telecommunications company SpaceLink, a subsidiary of Australian aerospace and defense contractor Electro Optic Systems, has established its headquarters in Tysons. SpaceLink is building a space relay network of satellites in medium Earth orbit that will provide secure, continuous, high-bandwidth communications between its clients’ low Earth orbit spacecraft and the ground. Clients could include commercial […][...]
Virginia Tech replaces economic development office
On Wednesday, Virginia Tech announced that it was replacing its Office of Economic Development with a new Center for Economic and Community Engagement, as part of its commitment to improving the lives of others. The new university-level center will engage with internal and external partners to drive economic growth, address workforce needs and interact with […]
Liberty University hires Alaska GOP chair
Liberty University has hired the Alaska Republican Party’s chairman, the Rev. Glenn Clary, for the newly created position of vice president of strategic partnerships and alliances, the Lynchburg-based Christian university announced Tuesday. Clary became chairman of Alaska’s state GOP in 2018. He also has worked as a [...]
U.Va.-Va. Tech researchers develop promising coronavirus vaccines
Athletic rivals Virginia Tech and the University of Virginia are working together on two new coronavirus vaccines, and their research has shown early promise in protecting people from existing and future variants of COVID-19, according to the universities. Created by U.Va. Health Professor Steven L. Zeichner and Virginia Tech Di[...]
New Arlington-based tech contractor names chief financial officer
Two Six Technologies Inc., a new national security technology provider based in Arlington, announced Wednesday it has hired Bob Kwaja as chief financial officer. The company was formed in February after an affiliate of global investment firm The Carlyle Group acquired IST Research and Two Six Labs. Among Two Six TechnologiesR[...]
