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Mar 1, 2021

Maximus acquires Attain fed biz for $430M

Reston-based government services company Maximus announced Monday it has acquired the federal division of McLean-based Attain LLC for $430 million. With more than 30,000 employees worldwide and $2.8 billion in 2019 revenues, Maximus promotes itself as the nation’s largest Medicaid enrollment administrator. The company was founded in 1975 and provides business process management and technology […][...]

The Edgeworth Building. Photo courtesy Cushman & Wakefield | Thalhimer
Mar 1, 2021

Richmond office building sells for $29.5M

An office building in downtown Richmond has sold for $29.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 140,573-square-foot Edgeworth Building is located at 2100 East Cary Street and was once a tobacco factory. It is 95% leased to Hirschler, RK&K, Ernst & Young and HKS Arch[...]

Feb 26, 2021

Labor market recovery slowed during early February

Labor market recovery slowed during the week of Feb. 7 through Feb. 13, according to Virginia Commonwealth University and Arizona State University economists. Between early January and early February, employment held constant at 68.6%, which is 5.2% lower than it was in February 2020, according to the Real-Time Population Survey conducted by Virginia Commonwealth University […]

Christine Chmura
Feb 26, 2021

V-shaped? K-shaped? Va. experts predict economic recovery

What will the economic recovery from the pandemic look like and when will it take place? Ask Virginia’s economic experts and they’ll tell you it depends on a number of factors, including the continued rollout of vaccines, the next round of stimulus and which sector of the economy we’re talking about. Often, economists bran[...]

Feb 25, 2021

Legislation hopes to expand broadband access for low-income students

RICHMOND, Va. — The Virginia General Assembly passed legislation in an effort to expand broadband internet access to low-income students across the commonwealth. Senate Bill 1225, proposed by Sen. Jennifer Boysko, D-Fairfax, authorizes school boards to appropriate funds to partner with private companies for the purpose of implementing and subsidizing broadband internet access for low-income […][...]

Feb 25, 2021

Arlington firm buys two global training companies

Arlington-based security government services firm IDS International announced Wednesday it has acquired Arlington-based global training companies DECO and GovSource.  Financial terms of the transactions were not disclosed.  DECO provides global training and technical services while GovSource provides military and law enforcement training to the U.S. government. IDS provides training and technical services as well as […][...]

Feb 25, 2021

Calif. company buys Progeny Systems division for $30M

Simi Valley, California-based unmanned aircraft systems (UAS) company AeroVironment announced Wednesday it has acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in an all-cash transaction. ISG develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies for the Department of Defense and intelligence community. The company reported more tha[...]

Rendering courtesy Cushman & Wakefield | Thalhimer
Feb 25, 2021

$8.5M parcel in Spotsylvania to be used for Veterans Affairs clinic

Nearly 50 acres of land along Route 1 and Interstate 95 in Spotsylvania County has sold for $8.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 48.75-acre parcel will be used to develop one of the nation’s largest Veterans Affairs facilities, according to Cushman & Wakefield | Thalhimer.  Carneg[...]

Feb 25, 2021

Charlottesville construction software company acquired by Neb. firm

Omaha, Nebraska-based construction management software company Buildertrend announced Wednesday it has acquired Charlottesville-based CoConstruct, a similar software company. Financial terms of the transaction were not disclosed, but the two businesses in 2020 served a combined 23,000 clients and more than 1.1 million users, representing more than $200 billion in annual construction projects. The transaction creates […][...]

Initial unemployment insurance claimants by county and city weeks ending Feb. 6 over Jan. 30 change. Green shows a decrease, yellow shows an increase of 1 to 10 claimants and red shows an increase of 11 to 24 claimants. Graphic courtesy Virginia Employment Commission
Feb 25, 2021

Va. saw nearly 20% drop in initial jobless claims last week

Initial jobless claims filed last week fell 19.8% from the previous week, according to figures released Thursday by the Virginia Employment Commission but continued claims slightly increased. During the week ending Feb. 20, 11,944 Virginians filed initial unemployment claims, compared to 14,901 from the week prior.  Last week, [...]

Feb 24, 2021

Booz Allen wins $190M contract from Navy

McLean-based Booz Allen Hamilton has been awarded a five-year $190 million task order supporting communications, networking and computing systems for the U.S. Navy, the Department of Defense announced Tuesday. The Fortune 500 global management consulting company will receive $33.1 million up front for the first year of the contract at the Naval Information Warfare Center, […]

Feb 24, 2021

Hotel revenues down 27% for January

Virginia hotel revenues for January 2021 were down 27% compared with January 2020, continuing the industry’s slow climb back to recovering from the economic impact of the coronavirus pandemic, according to data released Thursday from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. For the same period, rooms […]

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