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14K+ Virginians filed initial jobless claims last week
The number of initial jobless claims filed last week reached close to its Aug. 8 peak, with more than 14,000 Virginians filing initial unemployment claims, according to Virginia Employment Commission data released Thursday. The week prior, initial claims reached more than 16,000. While there was a 12.9% decrease in claims from the previous week, the […]
The Hilb Group makes second December acquisition
In its second acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Montclair, New Jersey-based insurance and risk management brokerage William H. Connolly & Co. LLC (WHC), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1950 by William H. Connolly Sr., WHC was owned […]
Franconia-Springfield, Van Dorn St. stations to close during holidays
The Washington Metropolitan Area Transit Authority announced Thursday that the Blue Line Franconia-Springfield and Van Dorn Street stations will be closed for safety improvements from Dec. 19 through Jan. 3. “Doing this work during the holidays will help minimize the number of riders affected by the closures,” according to a WMATA statement. “Ridership at the […]
U.Va. announces $30M+ allocations from Strategic Investment Fund
University of Virginia President Jim Ryan on Wednesday announced that the university will allocate more than $30 million in investments among science, technology, engineering and mathematics (STEM) research projects and the Carter G. Woodson Institute for African American and African Studies. Of the $30 million in funding allocated from U.Va.’s Strategic Investment Fund, $15 million […]
Va. hotel revenues remain 51% lower than last year
Virginia hotel revenues continue to decline by more than 50% when compared with last year, according to data released Wednesday from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. Hotel revenues in Virginia dropped by 51% and rooms sold declined by 33% last week, compared with the […]
$380M mixed-use development coming to North Woodbridge
A new $380 million mixed-use development is coming to North Woodbridge in Prince William County, the IDI Group Cos. and Boosalis Properties announced Wednesday. The North Woodbridge Town Center project will include 160,000 square feet of retail space, restaurants, bars, grocery stores as well as 900 apartment units. It will be b[...]
Northam proposes $240M for pandemic response
As COVID-19 cases continue to rise and frontline medical workers receive the first vaccine doses, Gov. Ralph Northam called on the General Assembly to allocate $240 million toward pandemic response in his proposed budget amendments released Wednesday. “The budget I present today preserves our focus on flexibility, targeted investments and help for Virginians. While we […]
Sevatec, Octo Consulting announce merger
Fairfax-based software company Sevatec announced Tuesday it has merged with Reston-based government technology company Octo Consulting Group. The combined organization will have nearly $300 million in annual revenue and 1,100 employees. Founded in 2003, Sevatec provides design, DevSecOps, security, cloud service integration, data engineering and automation services and has won nearly $400 million in recent […][...]
NASA awards Northrop Grumman $70M contract
NASA announced Tuesday it has awarded Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. a $70 million contract to provide engineering, manufacturing and technical services for the agency’s Global Hawk Skyrange program. The contract was awarded to Northrop Grumman’s System Corp. (NGSC) business based in San Diego. Work will be performed at […]
DHL Supply Chain to create 577 jobs in Stafford County
DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with […][...]
Roanoke, local credit union launch small business relief fund
The city of Roanoke and Roanoke-based credit union Freedom First announced Tuesday a partnership that will disburse small business relief grants of up to $25,000 to those affected by the coronavirus. The $416,250 program will use Community Development Block Grant-Coronavirus (CDBG-CV) federal funding. The program is intended for businesses that are at risk of closing […]
Goodwill of Central and Coastal Va. receives $10M gift
Goodwill of Central and Coastal Virginia announced Tuesday it has received a $10 million grant from novelist MacKenzie Scott, who has donated more than $4.2 billion across 384 organizations during the past four months. Scott is the former wife of Amazon.com Inc. CEO Jeff Bezos. The gift will help Goodwill provide job-readiness training to people […]
