Please ensure Javascript is enabled for purposes of website accessibility

latest news

Lauren Campbell. Photo courtesy ITA International
Sep 3, 2020

Newport News federal contractor names director, innovative solutions

Newport News-based federal contractor and professional services company ITA International has promoted Lauren Campbell to director of innovative solutions, effective Aug. 20. Joining the company in 2017, Campbell previously served as program manager of small business innovation research (SBIR) where she oversaw SBIR technology. [...]

Sep 3, 2020

Loudoun County allocates additional $4.3M to small business grants

The Loudoun County Board of Supervisors has approved an additional $4.3 million in federal CARES Act funding to go to its COVID-19 Business Interruption Fund, which supports eligible small businesses impacted by the coronavirus with $5,000 grants. During the first three rounds of funding, Loudoun County disbursed $7.1 million to more than 1,000 businesses.  “Even […]

Sep 3, 2020

Puritan Cleaners acquires HandCraft Cleaners

Richmond-based dry-cleaning business Puritan Cleaners has acquired HandCraft Cleaners, another Richmond-based, family-owned dry-cleaning company, the businesses announced Thursday. Terms of the transaction were not disclosed. “We are extremely pleased to welcome HandCraft Cleaners’ customers to the Puritan Cleaners family and are honored to have the opportunity to continue to provide them with convenient, superior service […][...]

Continued claims map courtesy Virginia Employment Commission. Green areas have 1,000 or fewer claims, yellow areas have between 1,001 and 8,000 claims and red areas have between 8,001 and 28,773 claims.
Sep 3, 2020

Va. jobless claims during pandemic exceed Great Recession

While Virginia saw a slight decrease in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday that the total number of initial claims filed since the beginning of the pandemic is greater than the combined totals filed during the 2007-09 Great Recession and the economic recession in [...]

Sep 3, 2020

Md.-based HVAC company to acquire two Richmond firms

Columbia, Maryland-based HVAC equipment manufacturer’s representative Havtech announced Thursday it will acquire Richmond-based companies Air Conditioning Equipment Sales Inc. (ACES) and Mechanical Systems Testing & Balancing Inc. (MSTB). Terms of the transactions were not disclosed. Founded in 1971, ACES is an HVAC manufacturer’s representative for the Central Virginia, Tidewater and Roanoke markets, while MSTB performs[...]

Milken. Photo courtesy Focused Ultrasound Foundation
Sep 3, 2020

Michael Milken joins Focused Ultrasound Foundation board

Michael Milken, who was pardoned by President Donald Trump in February over felony charges for securities fraud, has joined the Charlottesville-based Focused Ultrasound Foundation’s board, the organization announced Thursday. Milken (often referred to as the “junk bond king”) is credited with being part of the development [...]

Sep 2, 2020

Va. hotel revenues continued to improve last week

Virginia hotel revenues continued to improve last week, according to data released Wednesday by STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Aug. 23 through Aug. 29, hotel revenues decreased by 38% and rooms sold declined by 27% compared to the same week […]

Sep 2, 2020

Fed says Fifth District economy continues to improve, but activity remains low

The economy of the Fifth District of the Federal Reserve (which includes Virginia, North Carolina, South Carolina, West Virginia and Maryland) has continued to improve in recent weeks, but activity has remained below pre-pandemic levels in most industries, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. The Beige Book is published […]

Sep 2, 2020

ABC reports record $1.2B in FY 2020 revenue

The Virginia Alcoholic Beverage Control Authority (ABC) broke its gross revenue record again during fiscal year 2020, reporting $1.2 billion in gross revenue, the ABC announced Wednesday.  Last year, the state agency surpassed $1 billion in revenue for the first time. ABC’s profits of $545.3 million (an increase of $45.8 million over last year) will […]

Sep 2, 2020

Arlington, Chesterfield named top digital counties in U.S.

Chesterfield and Arlington counties (along with three California localities) tied for the top spot on the Center for Digital Government (CDG) and the National Association of Counties (NACo)’s 18th annual Digital Counties Survey, which was released Tuesday. The survey identifies the best technology practices among U.S. county governments by evaluating initiatives that streamline delivery of […][...]

Sep 2, 2020

Va. reports 8% unemployment rate for July

Despite the ongoing pandemic, Virginia’s unemployment rate was 2.5% lower than the national average for the month of July, according to statistics released by the Virginia Employment Commission on Wednesday. For the month of July, the U.S. reported a 10.5% unemployment rate while Virginia reported an 8% unemployment rate, a 0.2% improvement from the month […]

Sep 2, 2020

ASGN Inc. to buy Boston consultancy for up to $72M cash

ASGN Inc., parent company of Glen Allen-based recruiting firm Apex Systems LLC, announced Tuesday it will acquire Boston-based consultancy LeapFrog Systems LLC for up to $72 million in cash.  The goal of the transaction is to grow the companies’ commercial consulting business, adding services for financial services, insurance and health care clients. LeapFrog anticipates approximately […][...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.