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Montgomery County, Blacksburg, Christiansburg launch small business relief grants
Montgomery County and the towns of Blacksburg and Christiansburg on Wednesday launched a grant fund to support small business recovery in response to COVID-19. Eligible businesses can receive one-time grants of up to $27,500. The Small Business Recovery grant program is funded by the federal Coronavirus Aid, Relief, and Economic[...]
Chantilly company wins $76M Space Force contract modification
The U.S. Space Force has awarded Chantilly-based space systems technology company LinQuest Corp. a $76 million contract modification to support the special capabilities division at the branch’s Space and Missile Systems Center (SMC), the company announced Wednesday. “LinQuest traces its heritage of sophisticated satellite communications back to 1977,” Chris Beres, general manager of LinQuest’s space […][...]
LA-based tech company moves headquarters to Reston
Infrascale Inc., a cloud-based data protection company, announced Wednesday it has moved its headquarters from Los Angeles to Reston — where its leadership team is based. Infrascale’s C-suite leadership, including CEO Russell P. Reeder, Chief Financial Officer Rob Peterson, Chief Operating Officer Brian Kuhn and Chief People Officer Carolyn Kress, is based in Reston and have […]
Facebook opens Black business grant program
Starting Wednesday, any majority Black-owned business in the U.S. with up to 50 employees can apply for a grant through Facebook Inc.’s Black Business Grant. In June, Facebook announced it had committed $100 million in grants this year to support U.S. Black-owned businesses, creators and nonprofits. The social media giant anno[...]
Leidos lands potential $292.3M FAA contract
The Federal Aviation Administration has awarded Reston-based federal contractor Leidos a potential 15-year, $292.3 million contract to provide an enterprise-wide display system to replace multiple information display platforms installed at more than 300 U.S. airport facilities, according to an Aug. 13 System for Award Management (SAM) notice. Leidos will create the Enterprise Information Display System […][...]
Parsons Corp. to raise $350M through debt offering
Centreville-based technology contractor Parsons Corp. announced Monday plans to raise $350 million through a debt offering. Proceeds from the debt offering would be used toward general corporate purposes, including acquisitions and working capital, according to Parsons. The initial conversion rate for the notes is 22.2913 shares of the company’s common stock per $1,000 principal amount […][...]
Martin Agency chief creative officer leaves; replacement named
Danny Robinson has been promoted to be The Martin Agency’s first Black chief creative officer, replacing Karen Costello, the first woman to hold the job, the Richmond-based advertising agency announced Wednesday. Costello is returning to Deutsch LA as its CCO, and Robinson previously served as Martin’s chief client o[...]
Northam proposes voter protection reform
Amid the COVID-19 pandemic and a national wave of mail delays, Gov. Ralph Northam on Tuesday proposed a $2 million allocation for prepaid return postage on absentee ballots, drop-off boxes and drop-off locations for mail-in ballots, as well as a process through which voters can correct their ballots to expand access to voting for the […]
SCC: Dominion overcharged customers by $502M in 2017-19
Richmond-based Dominion Energy Inc. recorded more than $500 million above authorized earnings levels from 2017 to 2019, according to a State Corporation Commission report released Tuesday. The report, which was sent to Gov. Ralph Northam and the House and Senate labor and commerce committee chairs, says that the publicly traded Fortune 500 utility earned $300.8 […]
U.S. hotel industry faces foreclosure wave
The U.S. hotel industry is facing an historic wave of foreclosures due to the pandemic, according to findings released Tuesday from the American Hotel & Lodging Association (AHLA), but Virginia might be an exception — for now. “We are not seeing much in the way of foreclosures or defaults as of yet,” says Virginia Restaurant, […]
Northern Virginia Technology Council names president, CEO
The Northern Virginia Technology Council (NVTC) announced Tuesday that Jennifer Taylor has been named as president and CEO, effective Sept. 10. In late June, Brad Schwartz was named as acting president and CEO, filling the vacancy left by the June 30 retirement of Bobbie Kilberg, who led the membership and trade association for [...]
Liberty University names interim chairman
Liberty University announced Tuesday it has appointed the vice chair of its board of trustees, Allen McFarland, as the board’s interim chairman. He will serve in this role while Chairman Jerry Prevo serves as acting president and Jerry Falwell Jr. is on an indefinite leave of absence from his positions as the Christian uni[...]
