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Lego delays Chesterfield production start to 2027
Lego Group will begin production at its $1 billion Chesterfield manufacturing facility in 2027, at least a year later than originally planned, the Danish toymaker announced Thursday. The company also named Preben Elnef as project lead and Gray | Hourigan, a joint venture between Lexington, Kentucky-based Gray and Richmond-base[...]
Bills advance to protect state employees who access medical cannabis
RICHMOND, Va. — State lawmakers have advanced bills that would allow public sector employees to use medical cannabis without losing their job. House Bill 149, introduced by Del. Dan Helmer, D-Fairfax, extends to state public employees rights that already exist in the private sector. The bill passed with bipartisan support on a[...]
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 […][...]
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 [...]
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[...]
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[...]
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[...]
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[...]
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[...]
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 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[...]
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 […][...]
