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Reston fintech startup closes $400M financing round
Quantum Lending Solutions has closed a $400 million financing round, the Reston-based financial tech startup announced Tuesday.
Feds approve $545M for Virginia broadband expansion
The federal government has approved money that will be used to connect 133,000 statewide addresses without reliable internet access.
Paratransit provider to lay off 61 workers in Springfield
Diamond Transportation Services will lay off 61 Springfield workers after WMATA reduced the number of bus routes the company managed.
Amazon closing Sterling facility, affecting 247 workers
Amazon.com plans to shut down a fulfillment center in Sterling at the end of January, but workers will have transfer opportunities.
Booz Allen Hamilton to relocate global HQ to Reston
Booz Allen Hamilton announced Monday that it is relocating its global headquarters from McLean to a newly constructed facility in Reston.
Norfolk State receives record $50M gift from MacKenzie Scott
Norfolk State University announced Thursday that philanthropist MacKenzie Scott has donated $50 million to the university.
Youngkin responds to Spanberger on U.Va., blasting ‘hyperbole and factual errors’
Gov. Glenn Youngkin wrote a heavily critical letter this week to Gov.-elect Abigail Spanberger in response to her letter attempting to delay hiring the University of Virginia's next president until she takes office in January 2026.
SAIC shakes up leadership further after CEO’s departure
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) is consolidating its five business groups into three, and three of its executives are leaving.
Henrico appoints new EDA director
The Henrico Economic Development Authority has appointed Cari M. Tretina to be its executive director, effective Jan. 1.
Defense contractor to add 288 workers at Roanoke night-vision goggle factory
Elbit Systems of America will invest $30 million to expand its Roanoke County manufacturing facility and create 288 jobs.
BigBear.ai to acquire Warren County-based AI company for $250M
McLean-based government tech contractor BigBear.ai announced this week that it has entered an agreement to acquire Ask Sage for $250 million.
Mecklenburg Electric Coop wrestles with data center energy demand
Mecklenburg Electric Cooperative petitions state to increase rates for large-load consumers, to cover their increased infrastructure costs
