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More than 10% of Va. students don’t have broadband access at home
While Virginia school districts and higher education institutions are finalizing fall plans in light of the pandemic, an analysis released Wednesday by the State Council on Higher Education for Virginia (SCHEV) shows that more than 200,000 K-12 students and more than 60,000 college students in Virginia lack broadband access at h[...]
280 Va. companies ranked on Inc. 5000 list
This year, 280 Virginia companies are ranked on the most recent list of the nation’s fastest-growing, privately held companies — the Inc. 5000, released Wednesday morning. Leading the pack in Virginia at spot No. 75 is Sassy Jones, an online jewelry and accessory retailer based in Richmond. Founder and owner Charis Jone[...]
MicroStrategy converts $250M cash holdings to bitcoin
Tysons-based business software company MicroStrategy Inc. announced Tuesday it has converted $250 million from its cash holdings into more than 21,000 bitcoins. The company will keep its bitcoin holdings on its corporate treasury reserve — which MicroStrategy CEO Michael J. Saylor said in a statement will be the the principal holding in its treasury reserve […]
General Dynamics wins $428.2M Army contract
The U.S. Army awarded Reston-based government contractor General Dynamics Corp.’s land systems division a five-year contract worth up to $428.2 million to perform maintenance work on the Army’s Stryker combat vehicles, the U.S. Department of Defense announced Monday. Under the contract, General Dynamics will provide equipment training, maintenance and fielding services, according to the DoD. […][...]
Leidos lands $649M Army contract
The U.S. Army awarded Reston-based federal contractor Leidos a $649 million contract to provide operations and support services to the Special Operations Command’s (SOCOM) Tactical Airborne Multi-Sensor Platforms mission, the company announced Monday. The one-year contract (with four one-year option periods) was awarded through the U.S. Army’s Responsive Strategic Sourcing for Services. Under the contract, […][...]
$8.79M in CARES Act funding going to affordable housing
Following Gov. Ralph Northam’s announcement on Aug. 7 that the eviction moratorium would be extended through Sept. 7, U.S. Sens. Mark R. Warner and Tim Kaine on Monday announced that $8.79 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding will go to affordable housing in Virginia. “As housing insecurity continues to […]
Richmond mayor proposes $500K for businesses affected by protests
Richmond Mayor Levar M. Stoney is proposing that City Council adopt a $500,000 Business Recovery Grant Program to compensate for damages to businesses from recent protests. Through the program, eligible businesses can be awarded a one-time grant of up to $10,000 to cover costs from damage that happened as the result of recent demonstrations within […]
BAE Systems Inc. lands $350M+ in defense contracts
Arlington-based defense company BAE Systems Inc. (a subsidiary of United Kingdom-based BAE Systems plc) announced Monday it has won a $211.6 million U.S. Navy contract and a $144 million U.S. Air Force contract. BAE Systems’ ship repair business in Jacksonville, Florida, will work on the U.S. Navy contract and update, repair and maintain two Arleigh […]
Construction continues to struggle during pandemic
The nonresidential construction industry lost 4,000 jobs in July, as compared to June, the Associated Builders and Contractors (ABC) announced Friday. The construction industry as a whole, however, has added 639,000 jobs during the past three months — recovering approximately 59% of the jobs lost during the pandemic. “For several weeks, contractors have noted an […]
Danville voters: yes or no to a casino?
Danville Circuit Court Judge Joseph Milam on Friday issued an order that will officially place a local referendum on casino gaming on the Nov. 3 General Election ballot in Danville. Caesars Virginia, a subsidiary of Caesars Entertainment Corp., plans to construct and operate a $400 million casino at the former Dan River Mills industrial complex […]
Falwell agrees to immediate indefinite leave of absence from Liberty
UPDATE: Board of Trustees Chairman Jerry Prevo has been appointed acting president during Falwell’s absence. Liberty University President and Chancellor Jerry Falwell Jr. has agreed to immediately take an indefinite leave of absence from both leadership roles at the private Christian institution in Lynchburg, at the reque[...]
Va. Supreme Court grants eviction moratorium through Sept. 7
The Supreme Court of Virginia granted a temporary statewide eviction moratorium to begin Aug. 10 and remain in effect through Sept. 7, Gov. Ralph Northam announced Friday. The moratorium halts all eviction proceedings related to rent payment failures due to the pandemic. Northam requested the moratorium in a letter to the state’s highest court on […]
