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Amazon to open Augusta County distribution facility
Amazon.com Inc. will open a 1 million-square-foot, nonsortable fulfillment center in Augusta County, creating 500 jobs, Gov. Glenn Youngkin announced Wednesday. The facility at 32 Trader Road in Fishersville will open in spring 2023 and will pick, pack and ship bulky or larger-sized items, such as patio furniture, outdoor equipm[...]
Hard Rock names president of new Bristol hotel and casino
Hard Rock International Inc. has announced a president to lead its hotel and casino operations in Bristol. Allie Evangelista most recently served three years as a vice president and general manager for Penn National Gaming operations, including the past seven months at Hollywood Casino Perryville, in Maryland. Evangelista has &#[...]
Churchill Downs to buy Colonial Downs, Rosie’s parent company
Churchill Downs Inc., known for the Kentucky Derby, has entered an agreement to acquire Peninsula Pacific Entertainment LLC (P2E), the parent company of Colonial Downs Group and Rosie’s Gaming Emporiums, for $2.485 billion, the company announced Tuesday morning. CDI’s acquisition includes properties not only in Virgi[...]
Tegna to sell for $5.4B to hedge fund
Tysons-based broadcast and digital media giant Tegna Inc. will be acquired in a $5.4 billion cash deal by an affiliate of Standard General, the company announced Tuesday morning. New York hedge fund Standard General, one of Tegna’s largest shareholders, and New York-based private equity firm Apollo Global Management will b[...]
Va. hotel revenues down 6.5% from Jan. 2019
Virginia hotel revenues in January were 6.5% below January 2019 levels, according to data released Monday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 4% compared with 2019 levels. The average daily rate (ADR) paid for hotel[...]
VEC reduces backlog by 89%
The Virginia Employment Commission has decreased its backlog by nearly 89%, Gov. Glenn Youngkin announced Monday. The VEC reduced the backlog of employment separation reports from 246,273 to 27,728 and unpaid pending claims from 24,887 to 15,846 claims. “Virginians deserve an unemployment insurance system that is responsive, e[...]
SWVA initiative seeks to attract remote workers
Project Fuse, a regional cooperative initiative to make Southwest Virginia the location of choice for remote employment, launched Friday with the release of a playbook to attract businesses. “The global business community seeks options for both attracting the employees they want and managing their operating costs,” Will Payn[...]
Northrop Grumman secures $252M Marine Corps contract
Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. landed a $252 million contract to produce and test a handheld precision ground targeting system for the U.S. Marine Corps, the Department of Defense announced Thursday. Under the hybrid, follow-on contract, Northrop Grumman will work on the Next Generation Targeting Handheld System, a lightweight, man-portable system […][...]
AutoZone to build $185M distribution center in New Kent
Auto parts retailer AutoZone Inc. plans to build a $185.2 million warehouse and distribution center in New Kent County, creating 352 jobs, Gov. Glenn Youngkin announced Friday. The 800,000-square-foot facility will serve as the company’s East Coast distribution operation, according to the governor’s office. Based in [...]
Fairfax telecom software provider acquires N.J. firm
Fairfax-based telecommunications tech provider Teoco announced Tuesday it had acquired New Jersey-based software company Software Synergy Inc. Financial terms of the transaction were not disclosed. “As we look to strengthen Teoco’s presence in the North American market, we are proud of our strategic acquisition of SSI to enh[...]
Manassas bio research supplier wins $5.5M in federal grants
Manassas-based biological materials management nonprofit American Type Culture Collection (ATCC) announced Tuesday that it won three Defense Threat Reduction Agency grants valued at more than $5.5 million to identify new therapeutic approaches to viruses. “ATCC is committed to supporting this global health initiative by pr[...]
GDIT secures $162M DISA Agency contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) announced Wednesday it had secured a potential $162 million contract with the Defense Information Systems Agency (DISA) to secure identity, access and account management for U.S Department of Defense applications. The Identity, Credential and Access Management (ICAM) Other Transaction Authority (OTA) Phase III production agreement has a […][...]
