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Rockbridge tent manufacturer to expand, add 60 jobs
Natural Bridge-based fabric shelter systems manufacturer XFactor Solutions Global has leased 34,000 square feet to expand in Rockbridge County, with plans to create 60 jobs, Cushman & Wakefield | Thalhimer announced Thursday. The company, which acquired the assets of Creative Tent International in October, will use the indus[...]
Siemens Gamesa cancels $200M Portsmouth wind blade factory
Amid failing turbine components and financial challenges, Siemens Gamesa Renewable Energy said Friday it has “discontinued” its plans to build the nation’s first offshore wind-turbine blade manufacturing facility at the Port of Virginia’s Portsmouth Marine Terminal. “Siemens Gamesa will continue to [...]
Warner condemns FBI HQ site selection in Md. as ‘corrupt’
U.S. Sen. Mark Warner said Thursday that the FBI headquarters site selection — choosing Greenbelt, Maryland, over Springfield — was “corrupt” and that he expected better from the Biden administration. Warner’s comments followed a Thursday morning email by FBI director Christopher Wray to the agency’s [...]
Democrats sweep Va. General Assembly
Updated Nov. 8 Democrats regained control of the Virginia Senate and the House of Delegates in Tuesday’s elections, likely putting a damper on Republican Gov. Glenn Youngkin’s legislative agenda and potential 2024 presidential aspirations. As of 11:45 p.m. Tuesday, according to the Virginia Public Access Project, Dem[...]
No dice: Richmond casino referendum fails by large margin
Richmond’s do-over casino referendum failed at the ballot box Tuesday by a much larger margin than the first casino referendum did in 2021, as about 61% of Richmond voters said no to the $562 million Richmond Grand Resort & Casino. It was not a good night for gambling interests in Virginia, as voters in Manassas [&hell[...]
McLean tech firm Pangiam to sell to BigBear.ai for $70M
Columbia, Maryland-based BigBear.ai Holdings is acquiring Pangiam Intermediate Holdings, a McLean-based facial recognition and biometrics solutions provider for the trade, travel and digital identification industries, in a $70 million, all-stock deal, BigBear announced Monday. The move will combine Pangiam’s technologies with BigBear.ai’s computer vision capabilities and allow BigBear.ai to expand its customer base and offer[...]
Newport News Shipbuilding expands to Norfolk
With the largest workload it’s had in four decades, Newport News Shipbuilding has had to get creative about how to use the limited footprint at its shipyard in Newport News. So when an opportunity to set up a second campus not far away — on the other side of the Hampton Roads Bridge-Tunnel, in Norfolk […]
Va. Dems lead in big fundraising, smaller grassroots donations
RICHMOND, Va. — Everyone calls the upcoming General Assembly election high stakes, but it is also top dollar. More than $158 million has been funneled into the House and Senate races this election cycle, a more than 30% increase since the last time all 140 seats in the General Assembly were up for election back in 2019. [&he[...]
Va. early voting period ends with overall lower turnout
RICHMOND, Va. — Over 62,000 Virginians ventured out to the polls on a sunny November day for the last chance to vote early. The early voting period saw 776,931 votes cast, with most of it done in person, according to data from the Virginia Public Access Project. Absentee mail-in ballots are still being accepted. There was a�[...]
Bain Capital affiliate to acquire Guidehouse for $5.3B
Guidehouse has entered into an agreement to be acquired by a Bain Capital Private Equity affiliate for $5.3 billion, the McLean-based consultancy announced Monday. The investment will support Guidehouse’s growth plans, the company said, and it will continue to operate under its current management team, which is led by Chai[...]
Majority of Va. voters want recreational cannabis market
RICHMOND, Va. — Victorious lawmakers elected on Nov. 7 will once again grapple with whether the state should create a recreational cannabis retail market. A recreational market is likely dependent on which party can gain control of the General Assembly, though it ultimately might not matter under the current governor. A ma[...]
EVMS, ODU merger pushed to July 2024
The merger of Eastern Virginia Medical School into Old Dominion University has been pushed back six months, to July 1, 2024, instead of January as originally planned, ODU President Brian O. Hemphill announced Friday during his State of the University address. While that date still meets the deadline set by Gov. Glenn Youngkin an[...]
