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26 Va. schools make U.S. News and World Report’s 2021 list
Of more than 500 schools recognized on the U.S. News and World Report’s 2021 lists of the best universities and liberal arts colleges in the country released Monday, 26 Virginia schools snagged spots. The University of Virginia was ranked as the fourth-best public school in the country and had the highest graduation rate of any […]
Va. Small Business Financing Authority didn’t loan out $28M
The Virginia Small Business Financing Authority (VSBFA) disbursed only 8% of its available funds in 2018 and just 10% in 2019 for loans, grants and bonds to help small businesses — holding on to $28 million, according to a study released Monday by the Joint Legislative Audit & Review Commission (JLARC). A division of the […]
Hampton Roads sees record drop in available homes for sale
Hampton Roads housing inventory was down by nearly 47% in August, compared to August 2019, Real Estate Information Network Inc. (REIN) reported Tuesday. The region’s supply of inventory stood at just 1.97 months in August, which is the lowest recording since REIN began tracking this metric in September 2008. “Simply stat[...]
Charlottesville Business Innovation Council announces 2020 awards
Charlottesville Business Innovation Council (CBIC) on Thursday announced winners of its 2020 CBIC awards, which honor entrepreneurship, and gifted $8,500 in scholarships and grants to three student entrepreneurs and a teacher to support entrepreneurship and science and technology education. Below is a list of award recipients: 2020 CBIC Educator of the Year: Dominique Morse, a […]
JetBlue to offer daily West Coast flights from Richmond International Airport
JetBlue Airways announced Thursday that it will offer daily flights from Richmond International Airport (RIC) to Los Angeles (LAX), Las Vegas (LAS) and Tampa (TPA) starting in November and December. Once-a-day service to TPA will start Nov. 19 and service to LAX and LAS will start Dec. 18. Daily service to Tampa begins on Nov. [[...]
State General Fund revenue down only 0.2% in August
Despite the pandemic, Gov. Ralph Northam announced Thursday that August General Fund revenue collections decreased only 0.2% compared to the same time last year. “Despite trying economic conditions, collections from payroll withholding and sales taxes remained steady,” Northam said in a statement. “We look forward to September’s receipts, which will provide more insight into Virginia’s […][...]
Richmond Times-Dispatch, Roanoke Times, Daily Progress see newsroom layoffs
Updated Sept. 11 At least five newsroom staffers at the Richmond Times-Dispatch were told Friday that they were being laid off by owner Lee Enterprises. Four people laid off were part of the bargaining unit for the Richmond Newspapers Professional Association, the Times-Dispatch’s newsroom union, a representative confirmed. They include a business reporter, a photojournalist, […]
Tegna raises $550M in debt financing
Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has raised $550 million in debt financing, which will go to pay outstanding debt. “With this successful offering, Tegna has reduced our overall average borrowing costs and locked in a lower fixed interest rate as we did earlier this year, further strengthening our balance […]
Reston contractor buys Md.-based software, systems engineering company
Reston-based government contractor Acclaim Technical Services Inc. announced Sept. 1 it has acquired Rockville, Maryland-based software and systems engineering company Global Consulting Services Inc. Terms of the transaction were not disclosed. Founded in 2015, Global Consulting Services’ 30 employees support multiple contracts working on development, engineering and testing of mission critical systems for Intelligence Community [&h[...]
Arlington cybersecurity firm buys Tysons software company
Arlington-based cybersecurity company ThreatConnect Inc. announced Thursday it has acquired Tysons-based software company Nehemiah Security, which quantifies cybersecurity risks for customers. ThreatConnect did not disclose a transaction price, but through its purchaser entity, NS Holdings LLC, it “acquired substantially all of the assets and assumed selected liabilities of Nehemiah,” according to a company statement. The [&hellip[...]
Va. saw slight increase in jobless claims last week
Virginia saw a slight increase in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday — bringing the total number of initial claims filed since mid-March to 1.136 million, or nearly 28% of the commonwealth’s pre-pandemic payroll employment. For the week ending Sept. 5, 11,[...]
McLean firm wins $7.3M DARPA 5G security contract
McLean-based computer and network security company Kryptowire LLC won a four-year, $7.3 million contract to help the Defense Advanced Research Projects Agency (DARPA) conduct research and development services for 5G mobile network security, according to a Department of Defense statement released Tuesday. Under the contract, Kryptowire will work under DARPA’s Open, Programmable, Secure 5G (OPS-5G) […][...]
