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Trump administration chooses RVA pharma startup for $354M COVID-19 contract
Richmond-based drug manufacturing company Phlow Corp., which incorporated this year, announced Tuesday that the Trump administration has awarded it a $354 million, four-year contract to manufacture in the U.S. generic medicines and pharmaceutical ingredients needed to treat COVID-19, creating an American supply chain for medical[...]
Va. sees 1,005 new COVID-19 cases in last 24 hours
While much of Virginia continues Phase One of Gov. Ralph Northam’s Forward Virginia reopening plan, Virginia reported a spike of 1,005 new COVID-19 cases Tuesday — the second time since Saturday that the commonwealth saw the daily number of confirmed and probable new coronavirus cases rise above 1,000. The state now has [...]
McAuliffe joins advisory board of Herndon’s HawkEye 360
Herndon-based satellite company HawkEye 360 Inc. announced Monday that former Virginia Gov. Terry McAuliffe and former National Security Agency Deputy Director Chris Inglis have joined its advisory board. The company also announced earlier this month that David Farnsworth was named its chief financial officer. “HawkEye 360 i[...]
SAIC names executive VP, strategic growth officer
Reston-based defense contractor Science Applications International Corp. (SAIC) announced Monday it has named Dorothy “Dee Dee” Helfenstein as its executive vice president and chief strategic growth officer — a newly created position at the company. Helfenstein most recently was the executive vice president at McLean-bas[...]
Norfolk nonprofit awards $2M to small businesses to battle sea level rise
Norfolk-based nonprofit organization RISE announced Monday that up to $2 million will be allocated among five small businesses to advance the design of products to help coastal communities adapt to sea level rise and flooding. “Once again, RISE demonstrates the value of their unique model in providing economic development opportunities as solutions for Virginia to […]
Chincoteague pony swim canceled for first time since WWII
For the first time since World War II, the annual Chincoteague Pony Penning celebration, scheduled to begin July 2, has been canceled, Alex Tucker, president of the Chincoteague Volunteer Fire Company Inc. announced Monday. “Please understand that this was not an easy decision to make, with the last pony penning being cancel[...]
35 Virginia companies make 2020 Fortune 1000 list
Thirty-five Virginia-based companies made Fortune magazine’s 66th annual Fortune 1000 list, which was released Monday. The list ranks the 1,000 largest United States corporations by total revenue. Of the 35 Virginia companies, 22 made the elite Fortune 500 list. Science Applications International Corp. (SAIC) is the only Virginia newcomer to the Fortune 500 list. Last year […]
ODU president retiring in 2021
Old Dominion University President John R. Broderick announced Monday that he will be retiring in summer 2021. ” I am proud of the many breakthroughs Old Dominion has achieved in the past 12 years, including more than $940 million in new or committed resources. I look forward to watching Old Dominion climb many more mountai[...]
Va. Beach to reopen beaches Friday, with restrictions
The oceanfront at Virginia Beach will reopen this Friday for recreational activity, Gov. Ralph Northam announced during his coronavirus news conference Monday. Approved activities include sunbathing, swimming, fishing and surfing, he said, but will not include group sports, alcohol consumption, grouping umbrellas or the use of[...]
One-third of small businesses not operating during pandemic
Nearly one-third of small and medium-sized businesses aren’t operating because of the COVID-19 pandemic, according to results released Monday from a national survey conducted by Facebook Inc. and the Small Business Roundtable (SBR). Approximately 86,000 people who own, manage or work for a small or medium-sized business were s[...]
Va. Beach defense contractor to create 100 jobs
Virginia Beach-based defense contractor Valkyrie Enterprises Inc. announced Friday it has received a $125,000 grant from the Virginia Beach Development Authority (VBDA) to aid in its planned expansion by 100 full-time jobs during the next three years. “Valkyrie Enterprises epitomizes the real value of these grants,” Economic Development Director Taylor Adams said in a statement. […]
Va. COVID-19 cases rise by 752
Coronavirus cases in Virginia rose by 752 cases in the last day, bringing the total number of confirmed and probable COVID-19 cases statewide to 31,140 as of Monday, May 18, according to the Virginia Department of Health. Across the commonwealth, 1,014 Virginians have died from COVID-19. The state saw 705 new confirmed and pro[...]
