Sign In
Free Newsletter
Private equity firm acquires Herndon tech company
Herndon-based tech company Exostar LLC announced Tuesday it has been acquired by Chicago-based private equity firm Thoma Bravo LLC. The acquisition was first announced in early June. The transaction amount was not disclosed. Exostar is a cloud-based platform that allows companies to securely share information and operate with security compliance. The platform is used by […]
Altria’s tobacco heating system approved as ‘modified risk’ product
Henrico County-based Altria Group Inc.’s IQOS tobacco heating system will be allowed to be marketed as a “modified risk” product, the U.S. Food and Drug Administration ruled Tuesday. IQOS is available in 53 countries, and more than 10 million people have purchased the system, which is marketed to adult smokers [...]
PNC names new Greater Washington regional president
Pittsburgh-based PNC Financial Services Group Inc. announced Tuesday that Jermaine Johnson will succeed Richard K. Bynum as Greater Washington regional president as of Aug. 1, overseeing the bank’s operations in the greater Washington, D.C., area, including Northern Virginia and surrounding Maryland counties. Currently t[...]
Northam speeds up Virginia’s clean energy timetable
The governor announced Tuesday the Clean Energy Virginia initiative, a project that aims to generate 100% of Virginia’s electricity from carbon-free sources by 2045 while investing in solar and wind energy and battery storage. “Virginia has a unique opportunity to fundamentally transform the state’s electric gr[...]
Va. real estate firms close deal on $10.35M Tampa building
Henrico County-based commercial real estate firm Lingerfelt CommonWealth Partners LLC announced Monday it has sold a $10.35 million office building in Tampa, Florida, to Virginia Beach-based real estate investment company Continental Capital Partners. The two-story, 78,000-square foot Buschwood III office building was 92% leas[...]
Meeting Professionals International Va. Chapter chooses board president
Lisa Meriwether, tourism sales manager for Lynchburg’s Office of Economic Development and Tourism, has been named president of the board of directors of Meeting Professionals International’s Virginia chapter. Meriwether was installed as chapter president on June 30 and will serve on the board’s executive committee,[...]
UPDATED: Nearly 110K Virginia businesses received PPP funds
The U.S. Small Business Administration has released a list of major recipients of its $659 billion Paycheck Protection Program small business relief program, with exact loan amounts redacted. Of the nearly 110,000 small businesses that received funding in Virginia (including Virginia Business Media LLC), approximately 16,100 businesses in Virginia were named on the list of […]
Charlottesville Chamber hires Defense Affairs Committee program lead
The Charlottesville Regional Chamber of Commerce announced Monday it has hired retired Col. Lettie J. Bien as the inaugural program coordinator for the chamber’s Defense Affairs Committee (DAC), which serves as an intermediary information-sharing organization for veterans, academics and industry workers. A retired U.S. A[...]
Roanoke County launches small business relief grants
The Roanoke County Economic Development Department announced Monday it has launched a $1 million small business grant program to help businesses suffering from COVID-19 closures in the county and the town of Vinton. The program is being funded through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act and wil[...]
Virginia sees increase in COVID-19 cases for second week
COVID-19 cases increased slightly last week in Virginia for the second week in a row, although the number of deaths during the same period was down a bit. The Virginia Department of Health reported 3,920 new cases for the week ending July 3, up from 3,724 the previous week. The seven-day positivity rate reported Monday […]
U.S. nonresidential construction spending dropped in May
Nonresidential construction spending in the U.S. dropped 0.9% during the month of May, the Associated Builders and Contractors announced Wednesday, according to U.S. Census Bureau data. Spending totaled $812.5 billion for the month of May while private nonresidential spending dropped 2.4%. “Certain aspects of today’s data release are precisely what was anticipated, while other elements […][...]
Atlantic Coast Pipeline canceled
Despite a favorable recent U.S. Supreme Court ruling, Dominion Energy Inc. and Duke Energy Corp. announced Sunday that they are abandoning plans to build the controversial, long-delayed Atlantic Coast Pipeline. The 600-mile, $8 billion-plus natural gas pipeline was supposed to run from West Virginia through Virginia to eastern N[...]
