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Calif.-based contractor buys Herndon spacecraft developer
San Diego-based energy and defense contractor General Atomics announced last week it has acquired Herndon-based spacecraft and space system developer Tiger Innovations Inc. Financial terms of the transaction were not disclosed, but Tiger Innovations will become part of General Atomics’ electromagnetic systems (GA-EMS) group. Founded in 1997, Tiger Innovations develops specialty software, hardware and computer […][...]
Altria donates $3M to Better Housing Coalition
The Richmond-based nonprofit Better Housing Coalition (BHC) announced Monday it has received the largest corporate gift in its 33-year history — a $3 million gift from Henrico County-based Fortune 500 tobacco product manufacturer Altria Group Inc. BHC plans to use the donation to develop more affordable housing in the greater Richmond region. It will also […]
Carilion Clinic to form diversity, equity, inclusion office
Roanoke-based Carilion Clinic announced Monday it will establish an Office of Diversity, Equity and Inclusion and has named Nathaniel L. Bishop, the former Jefferson College of Health Sciences president, to lead it. The office will work with community leaders to address equity and social justice as it relates to health care in t[...]
ODU professors receive nearly $1M for cybersecurity research projects
Five Old Dominion University professors have been awarded nearly $1 million in Coastal Virginia Center for Cyber Innovation (COVA CCI) funding for several cybersecurity research projects, the university announced Monday. Hongyi Wu, Chunsheng Xin, Sachin Shetty, Rafael Diaz and Kevin Moberly are the principal investigators working on the six projects. COVA CCI is led by […]
Christiansburg industrial building sells for $6.5M
The former Dish Network call center in Christiansburg sold for $6.5 million, Poe & Cronk Real Estate Group announced last week. The 101,500-square-foot industrial building sits on more than 19 acres in Falling Branch Corporate Park at 400 Technology Drive. Motion control manufacturer Moog Inc. purchased the property in order[...]
Wells Fargo makes $1.5M donation for small business loans
Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, announced Thursday it has donated $1.5 million to Richmond-based nonprofit Virginia Community Capital (VCC) to help local minority and/or woman-owned small businesses stay open and save jobs amid the pandemic. During the next two years, the VCC will disburse $1 million of the funding in […]
Dominion Energy makes $1M donation to Virginia 4-H
Dominion Energy Inc. has donated $1 million to Virginia 4-H, a nonprofit educational program for youth hosted by Virginia Tech, the university announced Thursday. The donation marks the largest cash gift in the history of the state’s largest youth organization. Virginia 4-H educational centers serve more than 13,000 campers ea[...]
10 Va. companies make world’s most admired list
Of 332 companies ranked by Fortune magazine as the “World’s Most Admired Companies,” 10 Virginia companies made the list, according to rankings released Friday. The list is compiled from the Fortune 500 and Fortune Global 500 lists, which rank companies based on revenue. The World’s Most Admired Companies list ranks companies based on corporate reputation. […]
Rush Street Gaming announces general contractor for Portsmouth casino
Rush Street Gaming, the developer and gaming operator for the upcoming $300 million Rivers Casino Portsmouth, announced Friday it has chosen a joint venture between Virginia Beach-based S.B. Ballard Construction Co. and Philadelphia, Mississippi-based Yates Construction as the resort casino’s general contractor. Ballard an[...]
Virginia House advances paid leave bill for essential workers
RICHMOND, Va. — The Virginia House of Delegates passed a bill on Thursday which would provide paid leave to essential workers. House Bill 2137, introduced by Del. Elizabeth Guzman, D-Woodbridge, would require essential businesses to offer paid leave to their workers, according to the bill. Employees must be offered a minim[...]
Why the Richmond Fed has zero Black Ph.D. economists
The Federal Reserve Bank of Richmond is one of only five Fed banks that employs zero Black Ph.D. economists, according to a New York Times report this week. Of the 12 Federal Reserve banks, seven employ only one or two Black Ph.D. economists, which Fed officials blame on lack of Black talent in the economics […]
Norfolk shipping, logistics company to create 400 jobs through $36M expansion
Shipping and logistics company CMA CGM Group will keep its North American headquarters in Norfolk and invest $36 million to expand its Hampton Roads and Northern Virginia operations, creating more than 400 jobs, Gov. Ralph Northam announced Thursday. The French company opened its first Virginia office in 2002 in Virginia Beach and in 2005 moved […]
