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Industries

Feb 5, 2025

MicroStrategy unveils new name and logo, emphasizing Bitcoin

The Tysons tech company formerly known as MicroStrategy has a new moniker: Strategy. In addition to announcing a new name, the Bitcoin behemoth chaired by Michael Saylor unveiled Wednesday a new logo and a new brand color. “The new logo includes a stylized “B,” signifying the company’s Bitcoin strategy, and its uniqu[...]

A man wearing a navy blue blazer
Feb 4, 2025

Virginia Beach hires economic development director

Virginia Beach has hired a new director of economic development. City Manager Patrick Duhaney appointed Christian Green to the post, and he will join the city Feb. 24, according to a Tuesday announcement. Green follows Charles E. “Chuck” Rigney, who resigned from the job in July 2024. In an August 2024 article in The Virgini[...]

Closeup of a young man in a furniture factory who puts together one part of the sofa with a stapler. AdobeStock photo
Jan 31, 2025

Bassett returns to profitability in Q4, beats expectations

Bassett Furniture reported revenue of $84.3 million in the fourth quarter, an 11% decrease from last year, on Wednesday. However, a positive operating income of $900,000 means the company has returned to profitability after five consecutive quarters in the red. The Henry County home furniture manufacturer and retailer beat expec[...]

A woman wearing a blazer smiles at the camera
Jan 28, 2025

Va. Chamber of Commerce reveals next president and CEO

Cathie J. Vick will be the new leader of the Virginia Chamber of Commerce, starting April 1. The business advocacy organization with more than 30,000 members announced on Tuesday her appointment as president and CEO. Vick is currently vice president of corporate and government affairs at Transurban, one of the world’s larg[...]

Jan 21, 2025

Va. Tech Innovation Campus opens first academic building

The first academic building of Virginia Tech’s Innovation Campus in Alexandria opened to students Tuesday as classes commenced. Virginia Tech started construction on the first academic building of the $1 billion campus in September 2021 and had planned to open the $302 million building in August 2024, but supply chain is[...]

A U.S. Air Force C-5M Super Galaxy flies within the U.S. Central Command area of responsibility on Dec. 1, 2024. Photo courtesy, U.S. Air Forces Central, by Airman 1st Class Robert Nichols
Jan 13, 2025

Amentum lands Air Force contract worth almost $448M

Amentum Services has won a $447.9 million Air Forces Central Command contract, the Chantilly-based federal contractor announced Thursday. Under the Air Forces Central Command Global Prepositioned Materiel Services contract, Amentum will provide and update prepositioned storage and maintenance solutions for the Ninth Air Force. �[...]

A man waits in line to enter a Leidos Pro Vision 2 body scanner.
Jan 8, 2025

Leidos wins TSA contract worth up to $2.6B

Reston-based Fortune 500 federal contractor Leidos has won Transportation Security Administration contract worth up to $2.6 billion, according to a Tuesday notice on SAM.gov. TSA awarded the TSA Checkpoint Integrated Logistics Support Services contract for checkpoint maintenance services on Dec. 31, 2024. According to the reque[...]

Jan 2, 2025

BridgeTower Media acquires Furniture Lighting & Décor publication

BridgeTower Media — the parent company of Home Accents Today, a sister publication of Virginia Business — last month acquired industry trade publication Furniture Lighting & Décor from Scranton Gillette Communications, a deal that unites two powerhouse home furnishings brands. Terms of the deal were not disclosed. “W[...]

Dec 31, 2024

What to expect from the 2025 Va. General Assembly

The General Assembly enters the fourth year in the gubernatorial cycle with even more gridlock than usual. Democrats hold narrow majorities in both the House of Delegates and Senate, but are vulnerable to vetoes by Republican Gov. Glenn Youngkin, who begins the final year of his constitutionally mandated single term. Hopes for b[...]

Data Centers
Dec 10, 2024

Developer plans $3B data center in Appomattox County

A Connecticut developer plans to build a $3 billion data center on a 452-acre site in Appomattox County. AVAIO Digital Partners announced Tuesday it had signed an agreement with the Appomattox County Economic Development Authority to purchase the industrial site. “This project in Appomattox County exemplifies our strategy of e[...]

Xuesu Xiao, George Mason University RobotiXX Lab director, conducts a demonstration with his team’s robots at the Lab's new home in Mason's Fuse building. Photo by Courtney Mabeus-Brown
Dec 6, 2024

George Mason’s Fuse tech hub opens to public

On the third floor of George Mason University’s new state-of-the-art Fuse tech hub, robots jumped, begged, rolled over and offered a mechanical paw to shake Friday while a small drone hovered above. The endearing welcome by George Mason’s RobotiXX Lab robots offered a brief glimpse into the future for the group of ac[...]

A worker pins blue upholstery to a chair
Dec 5, 2024

Customer bankruptcy, severance charges push Hooker’s loss in Q3

Martinsville-based Hooker Furnishings reported consolidated net sales of $104.4 million in the third quarter ended Oct. 27, a decrease of $12.5 million, or 10.7%, from last year. It also reported an operating loss of $7.3 million, marking its third quarterly loss in a row. The company attributed ongoing low demand as a reason fo[...]

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