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Lending a hand
There were days during the past six months that some employees at F&M Bank in Timberville worked through the night. At 3 a.m., they were uploading loan applications for clients onto the U.S. Small Business Administration’s online portal. During the day, the site was overloaded with others applying for loans through the Pay[...]
Virginia Tech’s proof-of-concept grants
It’s about gaps. Gaps between the uncertainties that exist and the uncertainties investors are willing to accept. Gaps between a working prototype and a mass-produced model. Gaps between what researchers produce and what the market wants to buy. Virginia tech’s proof-of-concept (POC) grants aim to help university researchers[...]
Mt. Jackson firm buys German lab company
Mt. Jackson-based preclinical and clinical archiving company StageBio announced Tuesday it has acquired Freiburg, Germany-based TPL Path Labs. Terms of the acquisition were not disclosed. StageBio provides GLP-compliant (good laboratory practice) necropsy, histology, pathology and specimen archiving services for both preclinical and clinical research. The combined company will offer other services including histopathology, molecular p[...]
CACI wins $86.5M Homeland Security task order
The U.S. Department of Homeland Security awarded Arlington-based federal technology contractor CACI International Inc. a five-year, $86.5 million task order to analyze open-source data to prevent criminal, fraud, risk and terrorism activity. Under the task order, CACI will work to identify event patterns through data analysis approaches aimed at detecting criminal groups, conspiracies and activities […][...]
Leidos secures $149.2M Navy contract
The U.S. Navy awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a $149.2 million contract to provide services and supplies for the Naval Array Technical Support Center facility’s operations, the Department of Defense announced Thursday. The majority of the work on the contract will be performed in Newport, Rhode Island; Reston and Virginia Beach. […]
Accenture Security managing director leaving
Anup Ghosh is leaving his position as managing director and global platforms lead for Arlington-based Accenture Security to become the CEO of Bethesda, Maryland-based Fidelis Cybersecurity. Hired in 2018, Ghosh directed the U.S. security division of Ireland-based Accenture plc, a global professional services provider that posted[...]
Loudoun County allocates additional small business funding
The Loudoun County Board of Supervisors has allocated an additional $145,000 to fund 29 more businesses with $5,000 COVID-19 Business Interruption Fund grants, Loudoun Economic Development announced Wednesday. The additional allocation will allow the fund to cover all 660 certified eligible businesses that applied for the county’s fifth round of COVID-19 small business relief funding. […]
Hotel industry recovery ‘a long way off’
Virginia hotel revenues continue at a steady decline compared to last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Oct. 11 through Oct. 17, hotel revenues in Virginia decreased by 50% and rooms sold declined by 31%, compared […]
VCU received record $335M in research funding for 2020
Virginia Commonwealth University received a record $335 million in sponsored funding for research during fiscal year 2020 — an 8% increase from 2019, the university announced Wednesday. “VCU’s ongoing commitment to its faculty, interdisciplinary research and investment in research infrastructure have translated into these record levels — which have grown by a third — over […]
Reston contractor wins $135M DHS task order
Reston-based AceInfo Solutions LLC announced Tuesday it had been awarded a potential five-year, $135 million task order from the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP). Under the task order, AceInfo (a subsidiary of McLean-based Dovel Technologies) will provide services to support the development, maintenance and modernization of NFIP’s web-based PIVOT system, […][...]
Virginia extended individual tax filing deadline is Nov. 2
The six-month filing extension deadline for individual income taxes in Virginia is Monday, Nov. 2, Virginia Tax reminded taxpayers Wednesday. “Last year, more than 488,000 taxpayers took advantage of the automatic, six-month filing extension in Virginia, and the majority of those returns came in electronically,” Virginia Tax Commissioner Craig M. Burns said in a statement. […]
VCU College of Engineering receives $1M anonymous gift
An anonymous donor has made a $1 million gift to the Virginia Commonwealth University College of Engineering to provide funds for programming and support for international students, VCU announced Tuesday. Part of the gift will establish a global education and international student support fund (to be administered through VCU’s Global Education Office) and additional funding […]
