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$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 […]
Perspecta wins $112M Homeland Security contract
The U.S. Department of Homeland Security awarded a contract worth up to $112 million to Perspecta Inc. to provide managed information technology services to the department’s data centers, the Chantilly-based federal contractor announced Thursday. “This award reinforces our standing as a premier provider of end-to-end next generation managed IT services,” Rocky Thurston, senior vice president […][...]
SAIC lands $40M TSA contract
The Transportation Security Administration (TSA) awarded a $40 million contract to Reston-based defense contractor Science Applications International Corp. (SAIC) to provide operational test and evaluation services, according to a System for Award Management (SAM) notice. Under the contract, SAIC will help the TSA plan, implement, analyze and report airport operations. Work on the contract will […][...]
Strategic Education Inc. to raise $191.5M through public stock offering
Herndon-based education company Strategic Education Inc. announced Thursday that it plans to raise $191.5 million through a public stock offering. The company, through Aug. 10, will offer for sale 1.9 million shares of its common stock at a public offering price of $105 per share. Strategic Education intends to use some of the proceeds to […]
Capital One fined $80M for 2019 data breach
Federal bank regulator the Office of the Comptroller of the Currency announced Thursday it has fined McLean-based Capital One Financial Corp $80 million for what it calls unsafe and unsound information technology practices tied to computing operations in its cloud environment. Capital One is the largest bank in Virginia, according to 2019 deposits. In 2019, […]
GSA awards Reston tech company $11.8M contract
The General Services Administration (GSA) has awarded Reston-based government technology company Octo Consulting Group an $11.8 million contract to provide framework and architecture services for the GSA’s System for Award Management (SAM). Under the GSA’s CIO Modernization and Enterprise Transformation contract, Octo will provide Scaled Agile Framework (SAFe) and business and technical architecture for the […][...]
