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Accenture Federal Services hires infrastructure cyber lead
Arlington-based Accenture Federal Services announced Wednesday that it has hired Rick Driggers as its critical infrastructure cyber lead, a role in which he will help develop cybersecurity solutions to protect critical infrastructure. Driggers, who has already started in his new role, was the assistant director for the Integrate[...]
Henrico County retail center sells for $8.3M
Ice Zone Shops near downtown Short Pump in western Henrico County has sold for $8.32 million, Cushman & Wakefield | Thalhimer announced Thursday. Florida-based Advanced Properties Ltd. purchased the 62,657-square-foot building from Colony Lake LLC. Catharine Spangler, Connie Jordan Nielsen and Nicki Jassy handled the sale. T[...]
Intrepid Solutions acquires defense contractor Darkblade Systems
Herndon-based intelligence contractor Intrepid Solutions and Services LLC has acquired Darkblade Systems Corp., a Winchester-based federal defense contractor, it announced Wednesday. Financial details of the transaction were not disclosed. Intrepid CEO Ryan Hebert said in a statement: “Welcoming Darkblade Systems into the Intr[...]
Centra names new president and CEO
Lynchburg-based health system Centra announced Friday that Amy F. Carrier will be its next president and CEO, effective Sept. 7. The Hampton Roads market president for the Bon Secours Mercy Health system, Carrier will replace interim CEO Richard Tugman, who will resume his post as president of the Piedmont Community Health Plan.[...]
Virginia to spend $700M on universal broadband by 2024
Ahead of the General Assembly’s August special session, Gov. Ralph Northam announced Friday he wants to spend $700 million of Virginia’s federal relief funding on expanding broadband access to all of Virginia. Virginia received $4.3 billion in federal funds through the $1.9 trillion American Rescue Plan passed in March. Joi[...]
Virginia unemployment rate improves to 4.3% in June
Virginia’s unemployment rate dropped again in June, landing at 4.3%, 0.2 points below May’s jobless rate, Gov. Ralph Northam announced Friday. In June 2020, the unemployment rate was at 8.8%, 4.5% higher than June 2021. Virginia also continued to trend lower than the nation, which was at 5.9% unemployment last month, and the state had […]
SimpliSafe bringing second facility to Henrico
Home security system manufacturer SimpliSafe will invest more than $3 million to expand its operations in Henrico County, increasing its jobs creation total for the county to more than 800, Gov. Ralph Northam announced Thursday. The company will establish a new customer security monitoring service center at 4840 Cox Road in Glen[...]
Arlington defense contractor wins $105M Army contract
Arlington-based defense contractor Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, has won a $105 million U.S. Army mission command computing systems delivery order contract, it announced Wednesday. The military defense company will complete the delivery order for the Mounted Family of Computer System[...]
Plastics equipment manufacturer to reopen Pulaski facility
Plastics industry equipment manufacturer Xaloy Holdings LLC will move its barrel manufacturing operation from Ohio back to Virginia, reopening its former facility in Pulaski County, Gov. Ralph Northam announced Thursday. Xaloy will invest $1.75 million in its 100,000-square-foot, 30-acre site in Pulaski to produce bimetallic bar[...]
Va. jobless claims continued decline last week
The state’s initial unemployment claims continued to decrease last week, dipping below 6,000 in the filing week ending July 10, the Virginia Employment Commission reported Thursday. Continued claims also decreased last week. For last week, initial claims totaled 5,952, a decrease of 873 claims from the previous week, while[...]
Fed says Fifth District economy growing moderately
[wpdiscuz-feedback id=”z7qx6rb9ba” question=”Why?” opened=”0″]Amid the post-pandemic recovery[/wpdiscuz-feedback], the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent week[...]
Virginia finishes FY21 with record $2.6B surplus
Virginia reached the end of fiscal year 2021 with a $2.6 billion surplus, the largest in the commonwealth’s history, according to a statement released by Virginia Gov. Ralph Northam on Wednesday. Total revenue collections grew 14.5% over fiscal year 2020, ahead of 2.7% growth projections. State collections reached $8.6 billion[...]
