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The Hilb Group acquires Md.-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it acquired Annapolis, Maryland-based Insurance Solutions (ISI), effective Oct. 1. Transaction details were not disclosed. This marks THG’s 12th acquisition within the past year. Founded in 1989, ISI is a full-service employee benefits agency spe[...]
General Dynamics receives $327.8M submarine contract modification
The U.S. Navy last week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $327.8 million contract modification to continue development studies, design work and lead yard support for the branch’s Virginia-class submarines, the U.S. Department of Defense announced Oct. 9. Electric Boat originally received a $434.4 million contract […][...]
EY names five Virginians as mid-Atlantic entrepreneurs of the year
Virginia businesspeople took home five of the 12 Entrepreneur of the Year Mid-Atlantic Awards announced last week by multinational professional services company Ernst & Young LLP. The Virginia winners for the 2020 Entrepreneur of the Year Mid-Atlantic Award were: 3Pillar Global Inc. | David DeWolf, Fairfax HUNGRY Marketplace | Jeff Grass and Shy Pahlevani, Arlington […]
Herndon defense contractor wins $102M Navy contract
Herndon-based national security contractor Peraton announced Monday it has been awarded a $102 million follow-on contract by the U.S. Navy Strategic Systems Programs (SSP) for work on the branch’s strategic weapons systems. Under the engineering services contract, Peraton’s services will include acquisition, development, deployment and operational support of the reentry body aspects of the Navy’s […][...]
Carilion receives nearly $1M USDA telehealth grant
Roanoke-based Carilion Clinic announced Monday it received a nearly $1 million grant from the U.S. Department of Agriculture (USDA) for its Telemedicine Expansion and Optimization Project. The USDA awarded Carilion Clinic a $947,983 grant through its 2020 distance learning and telemedicine grant program. The grant will fund virtual care centers, teleneurology service access and portable […]
Black Lives Matter renews interest in Richmond’s Black culture and history
RICHMOND, Va. – The Black Lives Matter movement has helped renew interest in Richmond’s African American culture and history, according to community leaders. BLK RVA is an initiative launched in August 2019 between Richmond Region Tourism and 20 community leaders to highlight historic African American tourist attractions and[...]
Reston government contractor to buy Alexandria tech company
Reston-based government IT contractor Xenith Solutions LLC announced Thursday it will acquire Alexandria-based tech company TRI-COR Industries (TCI). Terms of the transaction were not disclosed. Founded in 1983 by Louis Gonzalez, TCI provides large-scale, enterprise agile tech services to federal and local governments. Xenith Solutions is a service-disabled veteran-owned small business that provides both consulting […][...]
Va. Beach PPE manufacturer will create 180 jobs with $5.3M expansion
Premium-PPE, a manufacturer of AmeriShield branded masks and personal protective equipment, will invest $5.3 million to expand its Virginia Beach operations, creating 180 jobs, Virginia Gov. Ralph Northam announced Thursday. Premium-PPE is a subsidiary of Premium Estore LLC (doing business as PremiumEcigarettes), an e-cigarette product manufacturer that in March began operating as Premium-PPE to focus […][...]
Smith Mountain Lake chamber to launch leadership academy
The Smith Mountain Lake Regional Chamber of Commerce on Thursday announced the launch of its inaugural Smith Mountain Lake Leadership Academy, a 12-month program for emerging leaders. The program will allow participants to meet and learn from area business leaders from a variety of sectors. Ten participants will be selected duri[...]
Va. weekly initial jobless claims increase by 15%
The number of weekly initial jobless claims in Virginia increased by 15% last week, but the number of weekly continuing unemployment claims dropped by 7.5%, the Virginia Employment Commission reported Thursday. For the week ending Oct. 3, 10,843 Virginians filed initial claims for unemployment, up from 9,377 the previous week.[...]
Va. hotels continue slow recovery
Virginia hotel revenues remained below pre-pandemic levels last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 27 through Oct. 3, hotel revenues in Virginia decreased by 43% and rooms sold declined by 27%, compared to the same […]
Md.-based tech company opens NoVa lab
Greenbelt, Maryland-based tech company Paradyme Management Inc. announced Wednesday it has established an IT lab, Paradyme Labs, in Tysons. The lab will serve as a hub for team and customer collaboration and as an operations space for recruiting, training, sales and engineering. The expansion allows for more space for Paradyme, which has nearly doubled the […]
