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Va. Beach Economic Development, 1701 Coworking select entrepreneurship program participants
Virginia Beach Economic Development and Virginia Beach-based 1701 Coworking announced Friday it has selected two participants for its three-month Entrepreneur-in Residence (EIR) program. Kate Johnson with Heritage Business Services and freelance educator Meghan Raftery were selected for the program, which provides training in hiring, strategic planning and other business practices. “The entrepreneurial spirit is alive […][...]
Northam expands $70M Rebuild VA program
Gov. Ralph Northam announced Monday that the $70 million economic recovery program Rebuild VA is expanding its eligibility criteria to allow more small businesses to apply for economic relief grants. Under the Rebuild VA program, which launched in August, businesses that received federal CARES Act funding are now eligible to receive up to $10,000 in […]
BAE Systems lands $111.6M Navy contract
The U.S. Department of Defense awarded Arlington-based defense contractor BAE Systems Inc. (the U.S. subsidiary of United Kingdom-based BAE Systems plc) a $111.6 million contract to manufacture and deliver Archerfish mine neutralizers to the U.S. Navy during the next seven years, the company announced Monday. This is the fourth [...]
Remembering RBG
RICHMOND, Va. — Justice Ruth Bader Ginsburg’s death is being mourned by the country, and in Virginia, female lawyers and legislators are reflecting on her legacy. Some called her a role model, others called her a trailblazer, but they all admired the impact she left. Ginsburg died Friday at age 87 from complications from[...]
Christiansburg shopping center sells for $3.25M
A shopping center in Christiansburg has sold for $3.25 million, Cushman & Wakefield | Thalhimer announced last week. Located at 290 Peppers Ferry Road, the 9,525-square-foot retail center sold to Collegiate Investment 290 LLC as an investment. Pepper’s Ferry Plaza was owned by Family Peppers Ferry LLC and its tenants inclu[...]
Tech Innovation Campus announces advisory board
Amid its inaugural virtual semester, the Virginia Tech Innovation Campus in Alexandria is already kickstarting its future tech talent production through the creation of an advisory board, for which top Virginia executives will provide guidance to the campus on business partnerships and projects. Top executives from Qualcomm, B[...]
U.S. employment rate slowly inches up in September
A survey released Friday by Virginia Commonwealth University and Arizona State University economists indicates that the U.S. employment rate slightly increased during the week ending Sept. 12 to 64.5%, a 2.1% increase from two weeks prior. Although an improvement, the employment rate currently remains well below its February level of 73.8%, according to the Real-Time […]
Hampton Roads to deploy first electric buses in Va.
Gov. Ralph Northam on Friday signed legislation that will bring zero-emission electric buses to Virginia as part of an initiative to change public transportation in Hampton Roads. Legislation sponsored by state Sen. Louise Lucas and Del. Alex Askew creates the first-ever dedicated Hampton Roads Regional Transit Program and Fund, which will be managed by the […]
Leidos lands $89M Air Force task order
The U.S. Air Force awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a five-year, $89 million task order to support energetics research and development for the Office of the Secretary of Defense (OUSD) and the Combat Capability Development Command, Armament Center (CCDC-AC), the company announced Friday. Under the task order awarded by the U.S. […]
Va. recovers 68K jobs in August
In August, Virginia employers recovered a total of 68,000 jobs (a 1.8% increase from July), but the commonwealth is still 212,600 jobs shy of where it was last year, according to employment statistics released Friday by the U.S. Department of Labor Statistics. “Despite the sizable increase in August, total employment remains way below the pre-pandemic […]
Northam casts ballot on first day of early voting
Gov. Ralph Northam on Friday voted early in person at the Richmond general registrar’s office on the first day of Virginia’s 45-day early voting period. Amid the pandemic, Virginians, through a new law, are permitted to vote absentee by mail or in person at their local registrar’s office or satellite locations. Under leg[...]
Metro considering $200M in spending cuts
The Metro Board of Directors is contemplating $200 million in spending cuts to maintain a balanced budget in the event that federal CARES Act funding runs out, which could lead to service cuts, shorter hours and layoffs. On Friday, the board for the Washington Metropolitan Area Transit Authority (WMATA) voted on potential servic[...]
