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JPMorgan Chase gives $5.3M to DMV career pathways program
JPMorgan Chase has donated $5.3 million to TalentReady, a student career pathways program in Virginia, Maryland and Washington, D.C., the bank announced Thursday. The program, which is organized by the Greater Washington Partnership and Education Strategy Group, has a focus on ensuring students get work-based learning experiences, such as capstone projects and internships. TalentReady has […][...]
GSA inspector general to probe FBI HQ site selection
Three weeks after U.S. Sen. Mark Warner lambasted a decision to place the FBI headquarters in Maryland instead of Springfield as “corrupt,” the Office of the Inspector General at the U.S. General Services Administration said Thursday it would launch an investigation immediately, according to a letter made public by W[...]
Boeing receives $2.3B Air Force contract for tanker aircraft
Arlington County-based Boeing has received a $2.3 billion contract to build 15 more KC-46A Pegasus tankers for the Air Force. The Pentagon announced the award for production lot 10 of the tankers Tuesday. Boeing has 153 of the aerial refuelers under contract globally and has delivered 76 to the Air Force and two to Japan, [&hell[...]
Fed’s Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Boo[...]
‘A world of opportunities’
From its founding as a two-year junior college designed to expand higher education opportunities in the Appalachian coal-mining country of Southwest Virginia, the University of Virginia’s College at Wise has expanded into a four-year liberal arts college with an influential impact on regional economic and workforce develop[...]
Democrats sweep Va. General Assembly
Democrats regained control of the General Assembly in the Nov. 7 elections, likely putting a damper on Republican Gov. Glenn Youngkin’s legislative agenda and potential 2024 presidential aspirations. Democrats won 21 out of 40 seats in the Virginia State Senate and 51 seats out of 100 in the House of Delegates, which has b[...]
The times they are a-changin’
Talk of a looming recession has seemed endless for the past few years. However, with their eyes on long-term retirement investments, many wealth management advisers’ clients have avoided dramatic, emotion-driven decisions. Educated and guided by advisers, they understand the cyclical nature of investing and therefore are c[...]
Norfolk makes economic development head permanent
The City of Norfolk will keep Sean Washington as its director of economic development permanently after serving as interim director since August 2022, the city announced Tuesday. His appointment was effective Nov. 6. Before serving as interim director, Washington was assistant director from November 2020 through August 2022, but[...]
Pittsylvania site is top contender for $100M battery project
Updated 4:15 p.m. Nov. 28 The Southern Virginia Megasite at Berry Hill in Pittsylvania County is the top contender for a lithium-ion battery manufacturing project that could top $1 billion in investments and about 1,500 jobs, according to its CEO. Tennessee-based Microporous, whose legal entity is MP Assets, confirmed early Tues[...]
Va. could get $100M+ lithium-ion battery project
A $100 million-plus lithium-ion battery project could be coming to Virginia, the U.S. Department of Energy announced Monday, but a spokesperson for U.S. Sen. Mark Warner said North Carolina could also be in contention. MP Assets will build a facility to manufacture separators for lithium-ion batteries, bringing 282 permanent jobs and at least a $100 […]
HII division to boost intel sharing for Five Eyes alliance
Huntington Ingalls Industries’ McLean-based Mission Technologies division has received a three-year contract to provide information sharing capabilities between the Five Eyes intelligence alliance. Newport News-based HII announced the award Nov. 21; information about the award was not disclosed. The Pegasus contract is administrated by the Secretary of the Air Force’s Concept, Development and Management Mission […][...]
Va. joins collaborative to launch air taxi industry
Virginia has joined seven other states in forming a collaborative to support the growth of the advanced air mobility industry. The Advanced Air Mobility Multistate Collaborative represents all aviation modes, including small uncrewed aircraft systems (sUAS) and electric vertical takeoff and landing vehicles (eVTOL), which are both often referred to as air taxis, as well […]
