Loudoun County to fund 400 additional small businesses
On Tuesday, June 23, the Loudoun County Board of Supervisors will hold a random drawing for the third round of grants from its COVID-19 Business Interruption Fund, which supports small businesses affected by the pandemic. The funding was allocated from the $36.1 million in federal funding to Loudoun County from the Coronavirus Aid, Relief and […]
State directs nearly $250M to long-term care facilities for COVID-19
Because a majority of COVID-19 outbreaks in Virginia have occurred in long-term care facilities, Gov. Ralph Northam announced Friday that the state will direct nearly $250 million to these facilities for coronavirus response, with most of the funding coming from federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding. Northam has also directed the […]
12K+ Virginians refuse to return to work amid pandemic
More than 12,000 Virginians who have filed jobless claims during the pandemic have refused to return to work, the Virginia Employment Commission announced Friday, while there are approximately 400,000 job vacancies posted on the Virginia Workforce Connection website. “While certain circumstances, such as health, child care or other caregiver responsibilities, may warrant continued payments of […][...]
SOSi invests in AppTek for AI, machine learning capabilities
Reston-based defense and government contractor SOS International LLC (SOSi) announced Thursday it has made a non-controlling investment in McLean-based software company Applications Technology (AppTek) to develop artificial intelligence and machine learning for its speech recognition and translation service offerings. A transaction amount was not disclosed. SOSi will be the exclusive reseller of AppTek products to […][...]
Calif.-based VeriToll names CEO for upcoming Reston HQ
Walnut, California-based tolling-as-a-service company VeriToll LLC announced Thursday that its new CEO is Devaki Baker, who will lead the company’s sales, product investment and partnerships from Reston. VeriToll has offices in Virginia, Indiana and California. The company’s plans to lease a new headquarters location in [...]
State offering relief grants to destination marketing organizations
A new state relief program, the WanderLOVE Recovery Grant Program, will provide up to 50 grants of up to $10,000 apiece to destination marketing organizations (DMOs) across the commonwealth that have been heavily impacted by the coronavirus pandemic, Gov. Ralph Northam announced Thursday. The program, which is being administered by the Virginia Tourism Corp., began […]
Richmonders launching large hemp processing facility in South Boston
Blue Ribbon Extraction, a company started by two Richmonders, is investing $3.26 million to establish Virginia’s first large-scale industrial hemp processing and cannabidiol (CBD) oil extraction facility in South Boston, Gov. Ralph Northam announced Thursday. The project will create 22 jobs and the company plans to source about $70 million in hemp — more than […]
Va. hotel revenues still down by more than 60%
Even as Phase Three of Virginia’s reopening plan looms on the horizon, Virginia hotels are continuing to see revenues dropping. in the second week in June by 64% compared to the same time a year ago, according to findings released Thursday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were […]
Tech names VP of campus planning, infrastructure, facilities
Virginia Tech announced Thursday that Christopher H. Kiwus has been named vice president for campus planning, infrastructure and facilities, a position in which he oversees the university’s six-year plan for approximately 30 projects totaling nearly $3 billion. Kiwus had been Tech’s associate vice president and chief facilit[...]
Tech names president, CEO for Corporate Research Center
Virginia Tech announced Thursday that Brett Malone will become the next president and CEO of the university’s Corporate Research Center (CRC), effective July 1. Malone succeeds longtime CRC President and CEO Joe Meredith, who retired in February after 27 years in the position. A “triple Hokie” (earning his bachelor[...]
Northam releases Phase Three reopening plan details
Virginia isn’t ready to enter Phase Three of the state’s Forward Virginia reopening plan yet, Gov. Ralph Northam said Thursday, but when it happens, it will bring some big changes back to public life — like allowing social gatherings of up to 250 people. “We are not entering Phase Three this week. While statewide[...]
386K+ remain unemployed in Va. during pandemic
UPDATED 4 P.M. FRIDAY | More than 386,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims across the commonwealth continues to decrease. The Virginia Employment Commission (VEC) announced Thursday that 849,486 initial unemployment claims have [...]