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Va. community clinics receive $79M in federal funding
U.S. Sens. Mark Warner and Tim Kaine announced Friday that 26 community clinics in Virginia will receive $79 million in funding through the $1.9 trillion American Rescue Plan federal stimulus package. Warner also introduced legislation this week to support other community clinics — most run by health systems in the state’[...]
Va. unemployment dropped slightly in Feb., continuing slow decline
Virginia’s unemployment rate continued to edge lower in February, dropping from 5.3% in January to 5.2% last month, Gov. Ralph Northam announced Friday. However, the state saw a decrease of 3,700 nonfarm payroll jobs and a decline in employed people during February. The nation’s seasonally adjusted unemployment rate was 6.2% in February, and the state’s […]
Peraton wins potential $360M Air Force contract
Herndon-based national security contractor Peraton Inc. has been awarded a potential $360.4 million contract to assess safety risks of the U.S. Air Force’s intercontinental ballistic missile software, an agreement that could extend 18 years. According to the U.S. Department of Defense announcement Thursday, the company will support nuclear safety analysis and evaluation in Utah and […][...]
Arlington software company hires chief people officer
Arlington-based software developer Higher Logic announced on March 16 that it has hired Joanna Luth as its new chief people officer. Luth is a human resources executive with more than 20 years of experience. Prior to joining Higher Logic, Luth served as the chief people officer for Georgia-based software company Intradiem and vice president of […]
Fairfax company wins $484M DOD contract
On Tuesday, Fairfax-based software company Salient CRGT Inc. announced it had been awarded the first of four options on a potential $482 million award supporting the U.S. Department of Defense’s (DOD) specialized information technology systems and warfighter networks. The five-year, single-award contract is named SANDBAR and was initially awarded in September 2019 as a competitive […]
Newport News, Hampton launch Peninsula Cares Act Fund
The cities of Hampton and Newport News opened a new low-interest loan program for COVID-affected businesses on Thursday. Known as the Peninsula Cares Act Fund, it will lend a total of $1.5 million in amounts ranging from $7,500 to $375,000. Eligible businesses can use the funds for purchase and installation of machinery and equipment, building […]
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[...]
