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Jul 16, 2020

Ex-CommuniClique CEO sentenced for money laundering, fraud

The founder and former CEO of Reston-based CommuniClique on Wednesday was sentenced to more than 12 years in prison in an Alexandria federal court for money laundering and fraud that caused losses of $25 million to investors, according to the U.S. Attorney’s Office for the Eastern District of Virginia. “Andrew B. Powers stole $25 million […]

Jul 16, 2020

Montreal investment firm buys Herndon software company

Montreal-based software company investor Valsoft Corp. announced Thursday it will acquire Herndon-based AllTrust Networks, which provides check cashing software.  A transaction amount was not disclosed. “We are proud of what we’ve accomplished and want to continue in that direction within Valsoft,” AllTrust CEO Karl Lewis said in a statement. “We have invested significantly in the […][...]

Jul 16, 2020

15 women accuse former Redskins employees of sexual harassment, abuse

On Thursday evening, The Washington Post detailed the experiences of 15 former female Washington Redskins employees who said they were sexually harassed and verbally abused during their time with the Ashburn-based team. And on Thursday afternoon, the Associated Press first reported that Redskins owner Dan Snyder had hired a Wash[...]

McGuire Park. Photo courtesy Greysteel
Jul 16, 2020

Richmond affordable housing complex sells for $4.8M

An affordable housing apartment complex in Richmond has sold for $4.8 million, commercial real estate investment firm Greysteel announced Monday.  The McGuire Park Apartments were built in 1945 and redeveloped in the early 2000s through the Low Income Housing Tax Credit program. Richmond Area Housing purchased the 80-unit compl[...]

Jul 16, 2020

Roanoke airport commission buys 17 acres for $2M+

The Roanoke Regional Airport Commission, which owns the Roanoke-Blacksburg Regional Airport, has purchased 17 acres of undeveloped land surrounding the airport for $2.25 million, Roanoke-based Poe & Cronk Real Estate Group announced Tuesday.  The sale includes 3.7 acres at the intersection of Municipal and Aviation Drive, 4.6 acres at the intersection of Thirlane and Tom […]

Jul 15, 2020

K12 Inc. to hire 1,300 online educators during pandemic

Herndon-based online education provider K12 Inc. announced Wednesday it plans to hire more than 1,300 educators for the 2020 through 2021 school year, in light of a massive push to move education online during the pandemic.  Across Virginia, schools have been making decisions regarding reopening in the fall, with some already opting for full online […]

Jul 15, 2020

Fairfax adds $20M to small business relief fund

The Fairfax County Board of Supervisors announced Wednesday it has directed an additional $20 million in funding to its Fairfax Relief Initiative to Support Employers (RISE) relief program — bringing its total funding to $46 million aimed at helping small businesses and nonprofits during the pandemic. The funding comes from the federal Coronavirus Aid, Relief […]

Jul 15, 2020

Va. first state to adopt statewide emergency workplace safety measures

Virginia is the first state to adopt statewide emergency workplace safety measures, Gov. Ralph Northam announced Wednesday.  “Workers should not have to sacrifice their health and safety to earn a living, especially during an ongoing global pandemic,” Northam said in a statement. “In the face of federal inaction, Virginia has stepped up to protect workers […]

Jul 15, 2020

Va. hotel revenue declines worsen

Hotel revenue declines have worsened during the past week, despite the state operating under Phase Three of Gov. Ralph Northam’s “Forward Virginia” plan, which has loosened some gathering and hospitality restrictions. Hotel revenues and rooms sold declined in every major market in Virginia, compared with the same time frame last year, according to new data […]

Jul 15, 2020

Virginia Space launches rocket for first U.S. Space Force mission

The Minotaur IV rocket, carrying a classified payload for the National Reconnaissance Office (NRO), launched its first U.S. Space Force (USSF) mission from the Virginia Commercial Space Flight Authority’s (Virginia Space) Mid-Atlantic Regional Spaceport at NASA’s Wallops Flight Facility in Eastern Virginia, Gov. Ralph Northam announced Wednesday. “The Mid-Atlantic Regional Spaceport continues to serve the […][...]

Jul 15, 2020

Va. Lottery Board advances Portsmouth casino

The city of Portsmouth announced Wednesday that its preferred casino gaming partner, Chicago-based Rush Street Gaming, has been pre-certified by the Virginia Lottery Board to operate a Virginia casino. The pre-certification is necessary to move forward with a local gaming referendum in November.  “We are grateful for the Lottery Board’s diligence on this matter and […]

Jul 14, 2020

Perspecta Labs lands $37M defense contract

Chantilly-based federal contractor Perspecta Inc. announced Tuesday that its research arm, Perspecta Labs, has landed a $37 million contract to develop network hardware to speed up complex computing applications for the Defense Advanced Research Projects Agency (DARPA) Perspecta will work on DARPA’s Fast Network Interface Cards program with a goal to accelerate — by 100 […]

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