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Noblis acquires McKean Defense
Reston-based not-for-profit federal contractor Noblis announced Monday that it has acquired Philadelphia-based McKean Defense and its affiliates, Mikros Systems and Cabrillo Technologies. The amount of the acquisition was not disclosed. Formerly an employee-owned defense contractor specializing in surface ship readiness for the U.S. Navy, McKean Defense is now a wholly owned subsidiary of Noblis. Glenn […][...]
COVID roundup: Northern Va. could reach herd immunity by June/July
According to the University of Virginia Biocomplexity Institute, estimated rates of “vaccine acceptance” — residents’ willingness to be vaccinated — differ regionally and could delay herd immunity in some parts of the state. The U.Va. report, released April 30, shows that an estimated 88% of Northern Virgin[...]
Aditxt to produce 300 jobs in Richmond
A biotech company is setting up shop in Richmond and is expected to produce 300 jobs, Gov. Ralph Northam announced Monday. California-based Aditx Therapeutics Inc. (Aditxt) has pledged to invest $31.5 million over the next three years in its first AditxtScore Center, a facility that will monitor patients’ immune systems. The company plans to open […]
Virginia public colleges can mandate COVID vaccines, Va. AG says
RICHMOND, Va. — Virginia colleges are beginning to announce mandatory fall COVID-19 vaccine policies following the state attorney general’s opinion that higher education institutes can require the vaccine. Virginia public colleges and universities can mandate the COVID-19 vaccine for faculty and students returning to[...]
Bettors waged $304M+ in March, Virginia Lottery reports
Betting on the NCAA Division I men’s basketball tournament accounted for more than $83.5 million of the $304 million in sports wagering that took place in Virginia during March 2021, according to a report released Friday by the Virginia Lottery. In all, Virginians bet $304.06 million and won $277.49 million in the second full month […]
Valve manufacturer announces $1.9M expansion in Norfolk
Norfolk-based Dante Valve Co. will expand its operations with a $1.9 million investment, Virginia Gov. Ralph Northam announced today. The family-owned business, which marked its 60th anniversary last year, is an international manufacturer and distributor of pressure-relief valves and related products — primarily for submarines, aircraft carriers and other naval vessels. The U.S. Navy is […][...]
Two Virginia companies make 2021 LinkedIn Top Companies list
Virginia-based Fortune 500 companies Northrop Grumman Corp. and Capital One Financial Corp. are among the 50 best workplaces to grow your career, according to LinkedIn’s Top Companies List, released this week. Falls Church-based Northrop Grumman, which ranks No. 32 on the LinkedIn Top Companies list, was cited for a variety of mentorship programs for women. […]
Fairfax County tech company adding 162 jobs
A fast-growing technology solutions company will invest $1.75 million to expand in Fairfax County, creating 162 jobs, Virginia Gov. Ralph Northam announced today. The company, Ridgeline International Inc., offers technology solutions for the federal government, commercial and nonprofit sectors. It said the expansion aims to increase its ability to provide security solutions. Founded in 2015, […][...]
Q1 sees stronger industrial, mixed office space demand
Cushman & Wakefield | Thalhimer has released Q1 highlights in commercial real estate for several Virginia regions, including Roanoke, Fredericksburg, Hampton Roads, Richmond and Charlottesville. Here are some of the regions’ “fast facts” for the first quarter of 2021: Roanoke’s unemployment rate reached 5.1%, an increase from the fourth quarter but still below the national […][...]
Banking on bitcoin
While MicroStrategy may be hogging the bitcoin limelight lately, two other Virginia companies recently made their entrances onto the cryptocurrency stage. On Feb. 3, Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced that its customers are now able to purchase and redeem bi[...]
Raising the bar
On May 1, Virginia’s minimum hourly wage will rise to $9.50 for most non-farm jobs, and for many business owners, that won’t be too disruptive. But the state’s upcoming Jan. 1, 2022, mandated raise to $11 “is of greater concern” to businesses, says Eric Terry, president of the Virginia Restaurant, Lodging and Travel As[...]
The Prophet
When Michael Saylor was a younger man, his good looks and cocky attitude drew comparisons to Tom Cruise. And like Capt. Pete “Maverick” Mitchell, Cruise’s flying ace of “Top Gun” fame, Saylor is returning to screens everywhere after a decades long hiatus. Just over 20 years ago, Saylor was Northern Virginia’s premi[...]
