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Feb 13, 2024

Trident Systems to add 50 jobs in Fairfax

Fairfax-based aerospace defense contractor Trident Systems plans to invest $3.7 million in an expansion of its Fairfax County operation, creating about 50 jobs, Gov. Glenn Youngkin announced Tuesday. Trident Systems, which was acquired by Chantilly-based LightRidge Solutions in July 2023, produces space electronic systems for the Department of Defense, NASA and the intelligence community. The […][...]

Feb 13, 2024

BlueHalo nears $1B in annual revenue with acquisition

Arlington-based tech contractor BlueHalo announced Tuesday it plans to acquire Maryland-based Eqlipse Technologies, a purchase that the company expects to bring its annual revenue to nearly $1 billion.  Eqlipse and BlueHalo are both portfolio companies of Arlington Capital Partners, and together, the combined company will have [...]

Feb 13, 2024

CEO Hunt leaving Va. Credit Union League

Carrie Hunt is leaving at the end of the month as president and CEO of the Virginia Credit Union League, and Chief Operating Officer Karima Freeman will serve as interim head of the trade association, VACUL announced Tuesday. Hunt, a seasoned political lobbyist, is leaving to become chief advocacy officer of America’s Cred[...]

Feb 12, 2024

ODEC keeps interim president and CEO permanently

John C. Lee Jr. will stay on as Old Dominion Electric Cooperative’s permanent president and CEO after serving in an interim capacity since Sept. 8, 2023, the Glen Allen-based not-for-profit power cooperative announced Monday. In October 2023, ODEC began its search for a new president and CEO after Marcus Harris resigned in[...]

Feb 12, 2024

Bills to cap rent increases don’t advance this session

RICHMOND, Va. — State lawmakers did not advance legislation this session that aimed to slow rising rent prices, although affordable housing remains a big concern for constituents.   Two proposed bills would have allowed localities to adopt anti-rent gouging provisions, prevent landlords from increasing rent without at least t[...]

Feb 12, 2024

Lucas: Alexandria arena deal is dead as far as she’s concerned

A bill that would establish a state authority for the proposed Alexandria basketball and hockey arena is not on the Virginia State Senate’s Finance and Appropriations Committee’s docket “because [Gov. Glenn Youngkin’s] proposal is not ready for prime time,” wrote Sen. Louise Lucas, the committeeR[...]

Feb 12, 2024

Va. Beach apartment complex sells for $36M

Dove Landing, a 318-unit apartment complex in Virginia Beach, has changed hands, Berkadia announced Jan. 31. Chesapeake-based Community Investment Group bought the property for $36 million from Enterprise Community Development, a nonprofit affordable housing provider in the mid-Atlantic, according to a news release from Berkadi[...]

Drew Jackson. Photo courtesy Capital Square
Feb 12, 2024

Former Concorde Holdings CEO joins Capital Square

Drew Jackson, former president and CEO of Michigan-based Concorde Holdings, has joined Glen Allen-based real estate company Capital Square as senior managing director of private wealth solutions, the firm announced Tuesday. Jackson also joined the executive management team. A Radford University graduate, Jackson has more than 25[...]

Mack Trucks invested $13 million to start production on a new line of medium-duty trucks in Roanoke County last year, hiring 250 workers. Photo courtesy Mack Trucks Inc.
Feb 9, 2024

Mack Trucks will expand Roanoke County facility

North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current fa[...]

Feb 8, 2024

Peraton lands $2.8B IT defense contract

Reston-based technology contractor Peraton received a $2.8 billion Special Operations Forces IT Contract (SITEC) 3 Enterprise Operations and Maintenance task order, the contractor announced Wednesday. The task order is to provide IT platform and network services to the U.S. Special Operations Command (USSOCOM), including its component commands, its theater special operations commands, deployed forces, CIO/J6 […][...]

Feb 8, 2024

House advances bill to ensure state minimum wage for migrant workers

RICHMOND, Va. — Lawmakers were split over a House bill to guarantee a state minimum wage for thousands of Virginia farm and migrant workers, with debate around the housing costs often included in the wage. Del. Adele McClure, D-Arlington, introduced House Bill 157, which passed the House last month on a party line vote. The [...]

Feb 6, 2024

Va. Beach makes economic development head permanent

Charles E. “Chuck” Rigney Sr. has worked in economic development all over Hampton Roads; in Norfolk, Portsmouth and Hampton. Last February, he joined Virginia Beach’s economic development team as a business development administrator and since June 2023, he has been the department’s interim director. Now h[...]

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