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Virginia lawmakers delay human trafficking training for short-term rentals
Lawmakers did not advance measures to implement human trafficking awareness training for short-term rental properties, with one patron saying they need to get the language right first. Del. Dan Helmer, D-Fairfax, sponsored House Bill 1654, and Sen. Angelia Williams, D-Norfolk, introduced Senate Bill 985. The bills would requ[...]
Langley Federal Credit Union CEO to retire
Langley Federal Credit Union President and CEO Tom Ryan will retire at the end of the year, following 13 years of leading the Newport News financial institution. The credit union, which is the fourth largest credit union based in Virginia, announced Ryan’s retirement Wednesday and credited him with overseeing significant growt[...]
Derivatives exchange to add 33 jobs in Fairfax
Nodal Exchange, a derivatives exchange, will invest $300,000 to expand its Fairfax County operations, adding 33 jobs, Gov. Glenn Youngkin announced Wednesday. “Nodal Exchange’s expansion in Fairfax County demonstrates Virginia’s ability to attract and retain global financial technology leaders,” Youngk[...]
Northrop Grumman receives two contracts totaling $1.4B
Northrop Grumman has received two air and missile defense contracts worth a combined $1.4 billion, the Falls Church-based Fortune 500 government contractor announced last week. The contractor received two contracts from the U.S. Army and Poland. Under the $481 million, five-year contract from the Army’s Aviation Missile Techno[...]
Loudoun County advances changes to data center regulations
Loudoun County has 117 data centers in the pipeline, but its Board of Supervisors is considering substantial changes to how the county regulates the booming industry due to growing concerns from residents. A board vote this week moved the issue forward, with a second vote expected in March to deal with expectations for pending d[...]
Tysons’ Alarm.com buys stake in remote video monitoring company
Alarm.com has acquired a majority stake in CHeKT, a Louisiana-based cloud platform for remote video monitoring services, according to a Tuesday announcement by the Tysons home security tech company. Financial terms of the deal were not disclosed. According to Alarm.com, the acquisition strengthens its “market opportunity in th[...]
Va. economic outlook is positive, says Weldon Cooper Center forecast
Virginia’s long-term economic outlook is positive, according to the University of Virginia’s Weldon Cooper Center for Public Service’s inaugural economic forecast released Monday. Weldon Cooper economists predict Virginia’s gross domestic product in 2025 will increase 2.4%, outpacing national GDP growth. The U.S. GDP’s[...]
Va. Democratic Party chair to depart in March
Democratic Party of Virginia Chairwoman Susan Swecker announced Monday she’s stepping down after a decade in the position. Swecker has served as chairwoman since March 2015 and said that her 10 years in the role has been “both an honor and a privilege.” “After our strong victories in Virginia this past November, I believ[...]
Italian plastic packaging maker coming to Shenandoah
Serioplast, an Italian plastic packaging manufacturer, will open an industrial plant in Shenandoah County, investing $25.7 million and creating an expected 45 jobs, Gov. Glenn Youngkin announced Friday. The company, which was founded in 1974 and has 33 production facilities in 16 countries with more than 2,000 employees, provide[...]
List reveals which Big Lots stores to remain
WILMINGTON, Del. — A list filed with the U.S. Bankruptcy Court for the District of Delaware revealed 200 Big Lots stores that Gordon Brothers expects to transfer to Variety Wholesalers. The document has a provision that objections to the proposed assumption and assignment must be filed with the court to be received no later [...]
U.Va. Law dean: ‘I see myself as a steward of this place’
Editor’s note: This story by Jason Boleman originally appeared in Virginia Lawyers Weekly. Few in the legal profession can say they attended depositions and kindergarten at the same time. But that was Leslie Kendrick’s reality growing up. The daughter of a “small town mineral and property lawyer” in Floyd County, Ken[...]
RTX board chair to step down in April
Gregory J. Hayes will step down as executive chairman of Arlington County-based RTX in April, when he will be replaced by Christopher T. Calio, president and CEO of the Fortune Global 500 aerospace and defense contractor. Hayes notified RTX of his plans to step down as executive chairman and from the board “prior to the [&[...]
