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Wizards, Capitals plan move to Alexandria in $2B deal
The Washington Capitals and Washington Wizards are planning a move across the Potomac River to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced early Wednesday. The nonbinding agreement to build a new arena for t[...]
3 Va. universities make top 100 in national R&D rankings
The University of Virginia, Virginia Tech and Virginia Commonwealth University landed in the top 100 in the National Science Foundation’s fiscal 2022 rankings by expenditures on research and development. NSF determines the rankings with data from its annual Higher Education Research and Development Survey, which surveys U.S. c[...]
JLARC: GO Virginia’s economic impact positive but undefined
The state’s GO Virginia economic development initiative is likely improving regional collaboration and having positive economic impacts, but those can’t be reliably determined, according to a Joint Legislative Audit and Review Commission report presented Monday. In 2022, JLARC directed staff to review GO Virginia, which [...]
SAIC reorganizes C-suite, with changes effective in Feb.
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) announced Monday that it is reorganizing its business, leading to four executives’ promotions and the departure of two others, effective Feb. 2, 2024. SAIC’s defense and civilian sector and national security and space sector will be replaced by five new business groups: Army, Navy, Air […][...]
New Transurban North Am. prez comes from public sector
Beau Memory, Transurban’s new North America president, joined the Australian transportation company that operates express toll lanes in Northern Virginia in November with more than 20 years of public-sector transportation experience. In an interview last week with Virginia Business, the Tysons-based Memory says he’s [...]
Torc hires chief information security officer
Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Summer Craze Fowler as chief information security officer, the company announced Tuesday. Fowler joins Torc after serving as senior vice president of cybersecurity and IT at Boston-based driverless vehicle company Motional and leading[...]
Va.’s maritime industry has $8B economic impact, report says
Virginia’s non-military maritime industry was responsible for one in five jobs in Virginia and more than $8 billion in state and local taxes during fiscal 2022, according to a recent study conducted by William & Mary. The Virginia Maritime Association and the Virginia Port Authority commissioned the study to demonstrat[...]
Gov. proposes $90M to launch ‘Va. Research Triangle’
In a preview of his 2024-26 proposed budget, Gov. Glenn Youngkin announced Monday that he is including $90 million in one-time funds to create “Virginia’s Research Triangle,” a network between the University of Virginia, Virginia Commonwealth University and Virginia Tech to build collaboration in biotechnology,[...]
NoVa Black Chamber of Commerce hires exec director
LeAnn White became the new executive director of the Northern Virginia Black Chamber of Commerce in November, the Tysons-based chamber announced Thursday. White has more than 20 years of banking sector experience. She was previously assistant vice president and business development officer at Fairfax-based FVCbank, according to [...]
Noblis CIO set to retire in April 2024
Gail Hogan, Noblis’ chief information officer and vice president, will retire after 44 years, the not-for-profit federal contractor announced Thursday. Her last day is April 5, 2024. In addition to overseeing the company’s IT workforce, Hogan assumed leadership for Noblis’ facilities, real estate and corporate asset management. Noblis has started an executive search for the […]
$729M federal transportation package will finish Long Bridge expansion
The most significant rail choke point on the East Coast will be fixed as part of a $729 million federal funding package for transportation projects in Northern Virginia and Washington, D.C., U.S. Sens. Mark Warner and Tim Kaine and Virginia Gov. Glenn Youngkin announced Thursday at an event in Arlington County also attended by a[...]
CFBP fines Atlantic Union Bank for overdraft program
The Consumer Financial Protection Bureau fined Richmond-based Atlantic Union Bank on Thursday for illegally enrolling thousands of customers in checking account overdraft programs, according to a news release. The enrollments took place between 2017 and 2020, according to the bank. The bureau found that Atlantic Union, a subsidi[...]
