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Eight Virginians test positive for coronavirus
CORRECTION: Virginia Business previously reported that there were nine cases of COVID-19 in the commonwealth. However, a U.S. Navy announcement Tuesday about a civilian worker in Falls Church who reported positive for the coronavirus concerned one of the cases already reported by the Virginia Department of Health. Virginia has e[...]
Democratic lawmakers reflect on historic General Assembly session
RICHMOND, Va. — Virginia lawmakers passed over 1,200 new laws in two months, a variety of them in the final days of the 2020 session, which expanded into Sunday evening to accommodate the backlog of legislation. This session has been the first time since 1994 that the Democrats have controlled both chambers of the General [...]
Lawmakers OK bill to bring solar to low-income communities
RICHMOND, Va. — The General Assembly passed a bill that aims to increase access to renewable energy for lower-income communities. House Bill 573, introduced by Del. Mark Keam, D-Fairfax, amends an existing solar development pilot program that requires utility companies to invest in renewable energy. Keam’s bill adds [...]
OBXtek Inc. wins $44.2M State Dept. contract
McLean-based information technology government contractor OBXtek Inc. was awarded a five-year, $44.2 million contract from the Department of State to support the Bureau of Diplomatic Security’s Technical Security Engineering (TSE) Division, OBXtek announced Wednesday. OBXtek will provide program management, operational support and administrative support, as well as developing training analysis and manage training programs. The [[...]
SAIC to raise $400M to finance Unisys Federal acquisition
Reston-based federal contractor Science Applications International Corp. (SAIC) will raise $400 million to finance its $1.2 billion acquisition of Reston-based Unisys Federal, the company announced Wednesday. SAIC will launch an offering of senior notes due in 2028 and will use the proceeds, cash on its balance sheet, borrowings under its credit facility and proceeds from […]
Owens & Minor names new board member
Mechanicsville-based Fortune 500 medical supply distribution company Owens & Minor Inc. has appointed retired U.S. Army Lt. Gen. Gwendolyn “Gwen” Bingham to its board of directors, effective March 5. Bingham is a retired three-star U.S. Army lieutenant general and most recently was the Department of the Army’s assi[...]
MBA Consulting Services names COO
Chantilly-based management consulting firm MBA Consulting Services Inc. on Monday named Mark Colturi as chief operating officer. Colturi was most recently the executive vice president of Sevatec Inc., but served as principal of Booz Allen Hamilton for 25 years until 2012. He has approximately 35 years of experience total having [...]
Former Colortree factory to be taken over by new company
Tulsa, Oklahoma-based marketing conglomerate Moore DM Group will invest $31 million in reopening the Henrico County printing plant formerly operated by Colortree Group Inc., which abruptly went out of business in June, leaving 240 employees out of work. The new plant will be run as Richmond Print Group, a subsidiary of Moore DM [...]
HHHunt names new COO
Blacksburg-based real estate company HHHunt Corp. promoted Stephen Fritz to chief operating officer, the company announced Tuesday. Fritz was most recently senior vice president of HHHunt and president of HHHunt Homes. As COO, he will serve on the company’s executive committee. He will be based in the Richmond and Raleigh [...]
VCU College of Humanities and Sciences appoints dean
Jennifer Malat will be dean of the Virginia Commonwealth University College of Humanities and Sciences effective July 1, the university announced Tuesday. Malat is currently the divisional dean for social sciences at the University of Cincinnati (UC) College of Arts and Sciences and oversees academic affairs, faculty affairs and[...]
Park West office building in Va. Beach sells for $6.75M
A three-story office building in Virginia Beach sold for $6.75 million, real estate company Colliers International announced Tuesday. The 66,062-square-foot building developed in 1989 is located at 2877 Guardian Lane was sold by Park West Owner LLC to Guardian Lane West LLC. The property is located less than a mile from Intersta[...]
Roanoke office park sells for $3.2M
The Northpark Business Center in Roanoke County sold for $3.2 million on Feb. 17, Roanoke-based Waldvogel Commercial Properties Inc. announced this week. The 34,318-square-foot office park is located at 6701-6711 Peters Creek Road and was sold by Mechanical Development Co. Inc. The property consists of two single-story buildings that were more than 50% occupied at […]
