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MicroStrategy to increase bitcoin holdings by $550M
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it will increase its bitcoin holdings by as much as $550 million following a convertible debt offering. In August, the company had announced that it had converted $250 million from its cash holdings into more than 21,000 bitcoins, making it one of the first public companies […]
Leidos wins potential $1.76B FAA contract
Reston-based Fortune 500 government contractor Leidos Holdings Inc. was awarded a 10-year contract potentially worth $1.76 billion to continue implementing National Airspace System modernization programs for the Federal Aviation Administration, the U.S. Department of Transportation announced Tuesday. The NAS Integration Support Contract IV contract has a four-year base period and two three-year options. The $1.4 […][...]
State’s Rebuild VA program allocated $100M to Va. small businesses
The state has awarded $100 million in grants to 2,500 Virginia businesses and nonprofits through its Rebuild VA economic recovery fund, Gov. Ralph Northam announced Wednesday. All available funds have now been fully committed, the governor said in a news release. Approximately $50 million went to women, minority and veteran-owned businesses, and 997 small businesses […]
Va. hotel revenue is still down by more than 50% from 2019
Despite the fast-approaching holiday season, Virginia hotel revenues continue to decline when compared with last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. While COVID-19 cases spiked during the week of Nov. 29 through Dec. 5, hotel revenues in Virginia dropped by […]
Caesars delivers $15 million payment to city of Danville
Danville city officials accepted a $15 million initial payment from Caesars Entertainment Inc. on Wednesday, the first installment of $20 million the company pledged to pay the city after receiving approval from city voters to build a $400 million casino and resort in Danville’s Schoolfield area by 2023. Las Vegas-based Ca[...]
Amherst County disburses $450K to 48 local small businesses
Amherst County announced Tuesday it has disbursed $450,000 in CARES Act funding to 48 area businesses that were affected by the pandemic. The local Economic Development Authority and the Amherst County Finance Department partnered to manage the grant program. “As a small business trying to navigate through the ups and downs of this pandemic, we […]
Williamsburg engineering company acquired by Kansas firm
Williamsburg-based TAM Consultants Inc. has been acquired by Kansas engineering firm Terracon Consultants Inc. Founded in 2002, TAM is a 15-person professional services firm that provides building consulting and facilities engineering services for public- and private-sector clients throughout the mid-Atlantic region. TAM has offices in Richmond, Williamsburg and Newport News. TAM’s employees are now part […][...]
Amazon now a top 10 employer in three NoVa counties
Amazon.com Inc. became one of the top 10 employers in three Northern Virginia counties in 2020, according to fiscal year financial reports in Arlington, Fairfax and Loudoun. In Fairfax, the e-tail giant ranks seventh among top principal employers, making up 1.17% of all county employees, which number between 5,000 and 9,999. In [...]
3Pillar acquires Ariz.-based software company
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced Tuesday it has acquired Tempe, Arizona-based software development company Tiempo Development. Financial terms of the transaction were not disclosed. Tiempo Development, which employs more than 400 people, also has three digital delivery centers in Mexico, which will expand 3Pillar’s footprint and offerings of data science, analytics, […][...]
Unmanned aircraft company creating 249 jobs in Warren County
Silent Falcon UAS, an unmanned aircraft systems service provider and equipment manufacturer, will invest $6 million to locate its new East Coast headquarters for research development and manufacturing at the Front Royal-Warren County Airport, creating 249 jobs, Gov. Ralph Northam announced Tuesday. Founded in Albuquerque, New Mexico, Silent Falcon UAS manufactures patent-pending unmanned aircraft systems […][...]
Amazon creating 200 more jobs in Hampton Roads
Amazon.com Inc. announced Tuesday it will open two additional delivery stations in Hampton Roads in 2021, creating more than 200 full- and part-time jobs. The ecommerce giant announced in March it would build two operations facilities in Hampton Roads (in Suffolk and Chesapeake), creating an expected 1,500 jobs. The additional d[...]
Capital One CFO to leave in March 2021
McLean-based Capital One Financial Corp. Chief Financial Officer R. Scott Blackley will step down in March 2021 to hold the same position with New York City-based health insurance startup Oscar Health Insurance Corp., the company announced last week. Capital One is the largest bank in Virginia, according to 2019 deposits. Senior[...]
