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T-Mobile invests $30M to relocate customer center to Henrico
T-Mobile US Inc. will invest $30 million to relocate one of its customer experience centers to the former Sam’s Club on Laburnum Avenue in Henrico County, creating up to 500 jobs, Gov. Ralph Northam announced Friday. “T-Mobile has been a valued employer and partner to the commonwealth for many years and we are proud that […]
Construction backlog declines in July
The Associated Builders and Contractors (ABC) national trade association announced Tuesday its Construction Backlog Indicator (CBI) declined to 7.8 months in July, a decrease of 0.3 months from June — which, in turn, has decreased contractor optimism. The CBI is a forward-looking national economic indicator that shows work construction companies are contracted to do in […]
Arlington tech company names chief development officer
Arlington-based technology services provider Halfaker and Associates LLC announced Tuesday that Amanda Axsom has been promoted to chief development officer. Axsom was most recently the executive vice president of business development at the company. In her new role, she will oversee intellectual property development, corporate[...]
CACI International acquires Mont.-based aerospace company
Arlington-based federal technology contractor CACI International Inc. announced Wednesday it has acquired Belgrade, Montana-based aerospace company Ascent Vision Technologies LLC (AVT). A transaction amount was not disclosed. Founded in 1962, CACI specializes in enterprise and mission technology. The company has approximately 23,000 employees and is on the Fortune 1000 list. AVT provides technology services that […][...]
SEC charges Herndon-based tech company, CEO with fraud
The Securities and Exchange Commission announced charges Thursday against Herndon-based Kelvin Boon LLC/Boon.Tech and its CEO, Rajesh Pavithran, for fraud and registration violations in connection with a $5 million initial coin offering of digital asset securities. Without admitting or denying the SEC’s findings, Pavithran and his company agreed to settle the charges by consenting to […]
UPDATE: House and Senate Democrats, governor roll out special session priorities
Updated, Aug. 14 House of Delegates Speaker Eileen Filler-Corn rolled out the House Democratic Caucus’ legislative priorities for the Aug. 18 special session, a slate of coronavirus-related measures and law enforcement reforms. Filler-Corn, D-Fairfax, announced in a news release Thursday that the following COVID-19 legisla[...]
10 Va. companies graduate from VEDP’s export trade program
Gov. Ralph Northam announced Thursday that 10 Virginia companies have graduated from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program, which now has more than 300 graduated companies. The VALET program helps Virginia companies to establish domestic operations for exports and encourages using international exporting as a growth strategy. During […][...]
Feds award $13.9M in grants to capitalize Va. small business loans
The U.S. Department of Commerce’s Economic Development Administration has awarded $13.9 million in CARES Act grants that will let city, state and regional governments in Virginia administer revolving loan funds (RLF) to assist small businesses, the department announced Thursday. According to a news release, the Virginia Small Business Financing Authority will receive a $10.2 million […][...]
3Pillar buys Costa Rica-based software company
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced Thursday it has acquired Costa Rica-based software development company Isthmus Software. A transaction amount was not disclosed. “The acquisition of Isthmus brings expanded engineering excellence and development expertise to the 3Pillar team, but more, their leadership and team members share our strong core set of values […][...]
Va. initial jobless claims dropped 46% last week
Initial unemployment claims in Virginia fell by 46% last week, according to a Thursday release from the Virginia Employment Commission. More than 13,000 Virginians filed initial jobless claims last week — a decrease of more than 10,000 claims from the previous week, according to a VEC statement released Thursday. For the first time since the […]
Blue Ridge, Bay Banks announce merger
Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday it will merge with Richmond-based Bay Banks of Virginia Inc., parent holding company of Virginia Commonwealth Bank, in an all-stock transaction to create a bank with pro forma total market capitalization of nearly $200 million. Under the terms of the […]
Va. Foundation for Independent Colleges receives national award
The National Council for Community and Education Partnerships (NCCEP) announced Wednesday it has awarded the Virginia Foundation for Independent Colleges (VFIC) the 2020 Community Partner of the Year award. Each year, the NCCEP recognizes achievements by individuals and partners through its Gaining Early Awareness and Readiness for Undergraduate Programs (GEAR UP) Leadership Awards. GEAR UP […][...]
