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Virginia ranks 3rd in CNBC’s Top States for Business
After two consecutive years at the top, Virginia slipped to third place in CNBC’s 2022 America’s Top States for Business rankings, the business news channel announced Wednesday morning. North Carolina achieved the coveted No. 1 ranking this year. “A great education system is building a smart workforce,” CNB[...]
Serco appoints defense VP as new CEO
Herndon-based federal contractor Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) on Tuesday announced that defense executive Tom Watson will be promoted to CEO, effective Sept. 1. Watson will replace David Dacquino, who is retiring as chief executive but will remain as chairman of the company’s board of directors in North America. Dacquino joined […]
CTSI purchases NYC’s largest fire alarm company
Chantilly-based technology company Corbett Technology Solutions Inc. (CTSI) has acquired New York-based fire alarm company Firecom, CTSI announced Tuesday. Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners. The Firecom deal is CTSI’s 10th[...]
First Va. casino opens in Bristol
Virginia’s first casino, the Hard Rock Hotel & Casino Bristol, held the grand opening for its temporary casino space Friday. “We are excited to open the temporary casino in Bristol,” Hard Rock International Inc. Chief Operating Officer Jon Lucas said in a statement. “Hard Rock’s rich and storied music legacy is a [...]
Northrop Grumman lands $338M helicopter avionics contract
Northrop Grumman has received a $338 million contract from the Navy for continued integration and development of the Marine Corps’ H-1 helicopter fleet’s avionics systems and weapons. Under the contract, the Falls Church-based Fortune 500 aerospace, defense and technology contractor will research alternatives to and [...]
Va. Tech business school dean retires, interim named
Virginia Tech’s Pamplin College of Business has named Roberta “Robin” S. Russell as its interim dean, effective July 1. Russell, who heads Pamplin’s Department of Business Information Technology, succeeds Robert Sumichrast, who has retired. Russell will serve while the college conducts an international se[...]
Va. receives $22.7M to reclaim abandoned mine lands
The Virginia Department of Energy will receive $22.7 million in federal funding toward redeveloping abandoned mine lands across the commonwealth, Gov. Glenn Youngkin announced Wednesday. The funding is aimed at redeveloping the sites so that they can be used to attract new development and job opportunities to the region. Handled[...]
William & Mary names new business school dean
William & Mary has named Todd Mooradian, who spent much of his career at the university, to lead its Raymond A. Mason School of Business beginning next month. The university announced the hire July 1. Mooradian has been dean of the University of Louisville’s College of Business since 2017 but previously spent 27 years [...]
Carsales.com to fully acquire Trader Interactive
Australian online auto sales forum Carsales.com Ltd. plans to acquire the remaining 51% of Norfolk-based Trader Interactive from Eurozeo and Goldman Sachs Asset Management for $839.14 million, the companies announced this week. Carsales.com bought 49% of Trader Interactive in August 2021 for $624 million and will now own the com[...]
UNOS CEO announces departure
Richmond-based UNOS, the United Network for Organ Sharing, will begin seeking a new chief executive at the end of September, the nonprofit announced Tuesday. CEO Brian Shepard will leave after nearly a decade with the UNOS, which administers the nation’s organ procurement and transplantation network. UNOS’s chief operating officer, Maureen McBride, will serve as interim […]
Silver lining
As the long-delayed phase two opening of Metro’s Silver Line extension is set for later this year in western Fairfax and Loudoun counties, a development boom is following on the train’s wheels. Reston and Herndon, as well as eastern Loudoun, have already attracted big corporate tenants to millions of square feet of office sp[...]
Need a job? Fairfax wants you
In the past two years, despite the pandemic, the Fairfax County Economic Development Authority attracted more than 5,000 people to eight career fairs. The website for the workforce initiative — workinnorthernvirginia.com — lists jobs, internships and training opportunities from more than 500 companies and is getting 45,000-p[...]
