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Tech Innovation Campus announces advisory board
Amid its inaugural virtual semester, the Virginia Tech Innovation Campus in Alexandria is already kickstarting its future tech talent production through the creation of an advisory board, for which top Virginia executives will provide guidance to the campus on business partnerships and projects. Top executives from Qualcomm, B[...]
U.S. employment rate slowly inches up in September
A survey released Friday by Virginia Commonwealth University and Arizona State University economists indicates that the U.S. employment rate slightly increased during the week ending Sept. 12 to 64.5%, a 2.1% increase from two weeks prior. Although an improvement, the employment rate currently remains well below its February level of 73.8%, according to the Real-Time […]
Hampton Roads to deploy first electric buses in Va.
Gov. Ralph Northam on Friday signed legislation that will bring zero-emission electric buses to Virginia as part of an initiative to change public transportation in Hampton Roads. Legislation sponsored by state Sen. Louise Lucas and Del. Alex Askew creates the first-ever dedicated Hampton Roads Regional Transit Program and Fund, which will be managed by the […]
Leidos lands $89M Air Force task order
The U.S. Air Force awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a five-year, $89 million task order to support energetics research and development for the Office of the Secretary of Defense (OUSD) and the Combat Capability Development Command, Armament Center (CCDC-AC), the company announced Friday. Under the task order awarded by the U.S. […]
Va. recovers 68K jobs in August
In August, Virginia employers recovered a total of 68,000 jobs (a 1.8% increase from July), but the commonwealth is still 212,600 jobs shy of where it was last year, according to employment statistics released Friday by the U.S. Department of Labor Statistics. “Despite the sizable increase in August, total employment remains way below the pre-pandemic […]
Northam casts ballot on first day of early voting
Gov. Ralph Northam on Friday voted early in person at the Richmond general registrar’s office on the first day of Virginia’s 45-day early voting period. Amid the pandemic, Virginians, through a new law, are permitted to vote absentee by mail or in person at their local registrar’s office or satellite location[...]
Metro considering $200M in spending cuts
The Metro Board of Directors is contemplating $200 million in spending cuts to maintain a balanced budget in the event that federal CARES Act funding runs out, which could lead to service cuts, shorter hours and layoffs. On Friday, the board for the Washington Metropolitan Area Transit Authority (WMATA) voted on potential servic[...]
Four Va. localities earn Main Street designation
Gov. Ralph Northam announced Wednesday that the towns of Cape Charles, Onancock, Tappahannock and Tazewell have joined the Virginia Main Street Program, which, through the Department of Housing and Community Development (DHCD), provides services to strengthen downtown communities. Designated towns must participate in an application process to receive services including market analysis, marketplace development, capacity […][...]
Trustar Bank names senior adviser
Great Falls-based Trustar Bank announced Tuesday it has hired Samuel A. Schreiber as senior adviser. Schreiber was most recently president of Chain Bridge Bank, but spent 25 years of his career with Wachovia as well as Wells Fargo after their 2008 merger. He was Washington, D.C., president and mid-Atlantic regional president wit[...]
Booz Allen Foundation doles out $1M to 21 COVID-related projects
McLean-based global management consulting company Booz Allen Hamilton Inc. announced Thursday that its foundation has awarded $1 million through the Innovation Fund it launched in May that was open to nonprofits, small businesses and individuals who had ideas for projects that could help solve COVID-19-related social problems. The 21 winners received between $10,000 and $100,000 […]
Va. hotel revenues drop again
Following a small improvement associated with the Labor Day holiday weekend, Virginia hotels saw a steep decline in revenues last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 6 through Sept. 13, hotel revenues decreased by 48% […]
Va. initial jobless claims slightly drop last week
Virginia saw a slight decrease in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but the number of ongoing claims has dropped to 50% from the May 16 filing week peak, when 403,557 Virginians filed for unemployment. For the week ending Sept. 12, 10,100 Virginians filed initia[...]
