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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[...]
History in the making
Cliff Fleet took the helm of the Colonial Williamsburg Foundation in January 2020 with a mandate to curb declining attendance and revenue at the nation’s largest outdoor living museum while maintaining its relevance to diverse 21st-century audiences. It was a tall order and one that became even more challenging two months late[...]
Northam partly rolls back Va. mask mandate
Virginians will still need to wear masks indoors and at large, crowded events outside, but Gov. Ralph Northam amended his executive order Thursday to allow fully vaccinated people — meaning those who received their final COVID-19 vaccine dose at least two weeks earlier — to remove their masks outdoors in small gatherings, fo[...]
VW named to Time magazine’s 100 Most Influential Companies list
Volkswagen Group, with its North American operations based in Herndon, was named this week to Time magazine’s inaugural 100 Most Influential Companies list, receiving accolades for its move into electric automobiles. The German automotive corporation has set aside $54 billion for electrified vehicles over the next five years, with plans for six new battery factories and […]
Modine expands Va. footprint, will invest $7M in Rockbridge County
Modine Manufacturing Co. will invest $7 million to convert its Rockbridge County warehouse into a manufacturing plant that will produce data center cooling solutions, creating 60 jobs, Gov. Ralph Northam announced Thursday. Headquartered in Wisconsin, Modine specializes in building thermal management systems and components and saw $2 billion in revenue last year. Modine has had […]
Commonwealth Cyber Initiative funds $1M for student cybersecurity projects
The Commonwealth Cyber Initiative has allocated $1 million toward experiential cybersecurity projects for students at universities across the state, the organization announced Thursday. The seven projects involve student researchers from George Mason University, Longwood University, Marymount University, Old Dominion University, Radford University, the University of Virginia, Virginia Tech and William & Mary. “By building experien[...]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
