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PAE awarded $152M task orders for military aircraft maintenance support
Falls Church-based PAE has been awarded two new business task orders to support aircraft maintenance with a combined value of up to $151.8 million. The task orders were awarded under the U.S. Air Force Contract Field Team Services indefinite delivery, indefinite quantity services contract, which has a ceiling value of $11.4 billion. Through these awards, […]
Northam commits additional $20M to economic recovery fund
Gov. Ralph Northam has allocated an additional $20 million in federal CARES Act funding to assist more than 300 small businesses and nonprofits through the Rebuild VA economic recovery fund. The new funding will meet demand for the Rebuild VA program and fulfill pending grant applications for small businesses and nonprofits that[...]
Richmond city government solicits proposals for resort casino
Richmond has issued a request for qualifications/proposals, the first step in launching a competitive process for bringing a resort casino to the state capital, subject to voter approval. Earlier this year, Gov. Ralph Northam signed legislation allowing five economically challenged cities — including Richmond — to open casin[...]
Industrial hemp company to locate in Rockingham
Using the trade name Pure Shenandoah, Elkton-based Shenandoah Valley Hemp LLC will invest nearly $3.3 million to establish an industrial hemp fiber processing and cannabidiol (CBD) oil extraction facility in Rockingham County, creating 24 jobs. The company has committed to purchasing 100% of its industrial hemp from Virginia gro[...]
Va. COVID-19 rate passes 12% this week
Virginia recorded 25,285 new COVID-19 cases and 207 more deaths last week, according to the Virginia Department of Health’s Dec. 28 update. The current seven-day positivity rate is 12.3%, up .9% from a week ago. The state has reported 336,175 cases and 4,861 deaths since March, and the current seven-day average number of daily new […]
Arlington-based Magellan Federal gets $111M for DOD personnel assistance services
Arlington-based Magellan Federal, a subsidiary of Phoenix-based Magellan Health Inc., has secured a potential five-year, $111 million contract from Washington Headquarters Services to help Department of Defense employees maintain work-life balance. According to the DOD, Magellan will help the Defense Civilian Personnel Advisory Service manage an employee assistance program under the indefinite-delivery/indefinitely-quantity contract. Th[...]
Short Pump Hilton faces receivership, foreclosure
The Hilton Richmond Hotel and Spa in Short Pump, the flagship of Chester-based Shamin Hotels’ empire, may change hands as a result of the COVID-19 pandemic. According to a complaint filed in Henrico County Circuit Court on Dec. 2, 12042 West Broad Street Holdings LLC, the Bethesda, Maryland-based noteholder on the property, al[...]
Number of initial jobless claims remained at 14K last week
The number of initial jobless claims filed last week stayed close to its Aug. 8 peak, with more than 14,000 Virginians filing new unemployment claims, according to Virginia Employment Commission data released Wednesday. For the week ending Dec. 19, 14,640 Virginians filed initial claims for unemployment, an increase of 131 claimants from the previous week. […]
GO Virginia allocates $6M in two sets of grants
Eleven projects will receive $6 million in GO Virginia grants, Gov. Ralph Northam announced Wednesday. The funds are broken into two allocations: statewide and regional business growth programs, and the Economic Resilience and Recovery Program created to help mitigate the economic impact of COVID-19. The first group of recipients include two statewide and six regional […]
BWXT to work with Department of Energy on microreactor development
The U.S. Department of Energy (DOE) selected Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) to lead a $106.6 million microreactor development project, the company announced Wednesday. BWXT will work with two DOE-funded national laboratories to design and develop a small nuclear reactor. The DOE will contribute $85.3 million to the project, and BWXT will […]
$90K in business grants go to Buena Vista, Blackstone
Gov. Ralph Northam announced Wednesday that $90,000 in Community Business Launch (CBL) grants, which provide business plan competition funding, will go to the town of Blackstone in Nottoway County and the city of Buena Vista. CBL funding also offers training for entrepreneurs focused on regional economic development. “This pub[...]
First batch of Moderna COVID-19 vaccine distributed in Va.
Virginia health districts and health care facilities statewide began receiving the newly approved Moderna COVID-19 vaccine this week, Virginia Department of Health announced Tuesday. About 140,000 doses of the Moderna vaccine were expected to arrive by Wednesday, as well as 50,000 more doses of the Pfizer Inc. vaccine, which wil[...]
