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Va. hotels continue slow recovery
Virginia hotel revenues remained below pre-pandemic levels last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 27 through Oct. 3, hotel revenues in Virginia decreased by 43% and rooms sold declined by 27%, compared to the same […]
Md.-based tech company opens NoVa lab
Greenbelt, Maryland-based tech company Paradyme Management Inc. announced Wednesday it has established an IT lab, Paradyme Labs, in Tysons. The lab will serve as a hub for team and customer collaboration and as an operations space for recruiting, training, sales and engineering. The expansion allows for more space for Paradyme, which has nearly doubled the […]
Charlottesville solar company acquires Calif. firm
Charlottesville-based Sigora Solar announced Wednesday it has acquired Rancho Cordova, California-based Aztec Solar. Terms of the transaction were not disclosed. “Through the strategic acquisition of Aztec Solar, Sigora is realizing our goal to be a national leader in energy,” Sigora Solar CEO Logan Landry said in a statement. “We at Sigora are driven by a […]
Amazon to donate $1M to NoVa schoolchildren amid pandemic
Arlington Public Schools announced Wednesday that e-commerce giant Amazon.com Inc., which is establishing its $2.5 billion East Coast HQ2 headquarters in Arlington, will donate $1 million to support the needs of thousands of students from underserved Northern Virginia communities amid the COVID-19 pandemic. Communities In Schools NOVA will distribute Amazon’s donation through its Right Now […][...]
General Dynamics wins $100M DIA task order
The Defense Intelligence Agency has awarded Falls Church-based General Dynamics Information Technology Inc. (GDIT) a potential $100 million task order to provide engineering services in support of the agency’s information technology modernization efforts, the company announced Tuesday. Under the task order, GDIT will provide engineering support to the DIA’s IT infrastructure, including system design, architecture, […][...]
Spanberger, Freitas race outspends presidential campaign in Virginia
RICHMOND, Va. — A closely contested congressional race has spent almost $1.7 million more on political advertisements in Virginia than the presidential campaign. More than $11 million has been spent on ads for the 7th District congressional race. Rep. Abigail Spanberger, the incumbent Democrat, faces challenger Nick Freita[...]
Perspecta Labs lands $24.65M Navy contract
The U.S. Navy awarded the research arm of Chantilly-based federal contractor Perspecta Inc. a potential seven-year, $24.65 million contract to provide telecommunications and engineering standards support to help the branch in its emergency preparedness and national security initiatives, the Department of Defense announced Tuesday. Under the contract, Perspecta Labs will help the Navy deploy Next […][...]
Va. makes $12M extra CARES funding available for rent, mortgage relief
An additional $12 million in federal CARES Act funding will be directed to Virginia’s Rent and Mortgage Relief Program (RMRP) due to high demand for financial assistance with mortgages and rent payments. First launched in June with $50 million in federal CARES Act funding, the program provides financial assistance through a one-time payment with the […]
Va. allocates $30M to improve broadband access
Virginia is making $30 million in federal CARES Act funding to improve broadband access in underserved localities. Eligible projects must be completed by the end of the year, which is within the time constraints for spending the federal funding. This would mean more Virginians could get access to high-speed, broadband service before 2020 ends, according […]
Plasser American Corp. announces $52.6M Chesapeake expansion
Railway equipment manufacturer Plasser American Corp. will invest $52.6 million to expand its operations in the city of Chesapeake, creating 98 jobs, Gov. Ralph Northam announced Wednesday. Plasser American Corp., which manufactures railway construction and maintenance equipment, will add a 45,000-square-foot, three-story office building and an 82,000-square-foot manufacturing facility. The company will also renovate its […][...]
Danish company to establish $1.35M manufacturing facility in Henrico
Gov. Ralph Northam announced Wednesday that Danish manufacturer Rose Holm will invest $1.35 million to establish its first U.S. facility in Henrico County, creating 10 jobs. Rose Holm produces threaded bolts for the food and beverage, wind power and heat exchange industries in Northern Europe. The new operation will allow the company to further its […]
Va. to expand networking program to new regions
During the next two years Virginia will invest $1.7 million to expand the Network2Work workforce development initiative, Gov. Ralph Northam announced Tuesday. The commonwealth will partner with the Virginia Community College System to pilot the Network2Work model in the Shenandoah Valley, Hampton Roads and greater Richmond regions. Network2Work was established by Piedmont Virginia Community College […][...]
