Sign In
Free Newsletter
Fairfax’s econ dev leader honored by White House
Fairfax County Economic Development President and CEO Victor Hoskins has a new accolade to add to his list of achievements. Hoskins, who has served in his role in Fairfax County since 2019, received a lifetime achievement award from the White House, the county EDA said Thursday. The award honors Hoskins for his “lifelong c[...]
TowneBank announces three promotions
TowneBank has promoted two presidents to new roles and appointed a president for its new region, the Suffolk-based bank announced Monday. Robin Cooke now serves as the president of retail banking. She was formerly president of the bank’s Portsmouth/Suffolk region, a role that C. Ross Morgan will fill in addition to maintai[...]
Liberty to pay off $189M in bonds early
Liberty University plans to pay off more than $189 million in taxable bonds next month, according to paperwork filed Wednesday by the Bank of New York Mellon Trust Co. NA. The prices will be set March 31, which will include accrued interest. Liberty issued a $100 million bond in 2012 with a 5.1% interest rate, […]
Noblis promotes VP, chief people officer to senior VP
Reston-based Noblis Inc. is expanding the role of Vice President and Chief People Officer Deborah Drake by promoting her to senior vice president, the not-for-profit federal contractor announced Tuesday. Drake leads Noblis’ human resources and organizational development, including talent recruitment, total rewards system a[...]
Virginians bet $513M on sports in January
Virginians bet more than $513 million on sports in January, according to data released Wednesday by the Virginia Lottery. Almost $511 million of that revenue came from mobile operators, with the remaining roughly $2 million resulting from casino retail activity in Bristol and Portsmouth, where the state’s first permanent c[...]
Boeing receives $1.2B aircraft development contract
Arlington-based Boeing Co. will develop two E-7 Airborne Early Warning and Control aircraft for the Air Force under a $1.2 billion award announced by the Pentagon Tuesday. The contract initiates prototype development activities of U.S. variations of the aircraft, which replaces the service’s E-3 aircraft. Work will be perf[...]
Torc to acquire Canadian computer vision firm
Blacksburg-based Torc Robotics on Tuesday announced it will acquire Montreal-based computer vision company Algolux Inc. A purchase price was not disclosed. Torc, a self-driving truck company, is an independent subsidiary of Daimler Truck AG. Torc said in a news release that it is acquiring Algolux for its expertise in computer vision and machine learning. Algolux […]
Norfolk tech startup plans $1M expansion
Norfolk-based digital magazine startup Magazine Jukebox Inc. (MJB) will invest $1 million to expand, moving from a coworking space into an office, and will create an estimated 20 jobs. Gov. Glenn Youngkin announced the expansion Tuesday. “We are proud that Magazine Jukebox, an emerging leader in the technology services sector,[...]
Chambers of commerce
STATEWIDE Asian American Chamber of Commerce | Tysons | (571) 633-9754 asian-americanchamber.org Virginia Asian Chamber of Commerce | Ashland | (804) 344-1540 aabac.org Virginia Chamber of Commerce | Richmond | (804) 644-1607 vachamber.com Virginia Hispanic Chamber | North Chesterfield | (804) 378-4099 vahcc.com CENTRAL VIRGINIA Altavista Area Chamber of Commerce | Altavista | (434) 369-6665 […][...]
Civilian life
Paul Valentine is on a winding career path. After leaving the Army more than a decade ago, he got his commercial driver’s license at Blue Ridge Community College in Weyers Cave. He was taking classes to try to get an engineering degree as well but quit to take full-time work at trucking companies after his […]
Crying wolf?
It‘s “the most predicted potential recession in memory,” Federal Reserve Bank of Richmond President and CEO Tom Barkin quipped in January, but it hasn’t happened yet. Maybe. During the first half of 2022, surveys of consumers and CEOs showed they were worried about a recession coming on the heels of a 40-year pea[...]
Virginia hold ’em
The slot machines are already ringing out in Bristol and Portsmouth, where Virginia’s first commercial casinos opened during the past year. The state’s first permanent casino, Rivers Casino Portsmouth, opened its doors on Jan. 23. Operated by Chicago-based Rush Street Gaming, the resort has 1,148 slot machines, 57 ta[...]
