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Top Five December 2024
1 | Former NFL, U.Va. football player indicted on embezzlement charges Real estate developer Christopher Harrison was indicted on federal charges connected to a downtown Richmond residential project and Petersburg’s former Ramada Inn. (Oct. 21) 2 | Navy Federal ordered to refund customers $80 million, pay $15 million[...]
For the Record: December 2024
CENTRAL Richmond-based international foam producer Carpenter acquired omnichannel bedding brand Casper Sleep for an undisclosed amount, it announced Oct. 29. Under the agreement, Casper will operate as a subsidiary of Carpenter. The deal marks the third acquisition Carpenter has made in the past 16 months. In November 2023, Carpenter acquired North Carolina-based NCFI Polyurethanes. That […][...]
Inova breaks ground on Alexandria, Springfield hospitals
In late September, Inova Health System broke ground on two new hospitals — one in Alexandria and the other in Springfield, the start of a new phase for the Falls Church health system. Both acute-care hospitals are expected to be completed in 2028, officials say. Inova Alexandria, which will sit on the former Landmark Mall [&he[...]
Appalachian Power plans small nuclear reactor in Campbell
Appalachian Power, an electric utility subsidiary of American Electric Power which serves more than one million customers in Virginia, West Virginia and Tennessee, announced plans Nov. 14 to bring a small modular nuclear reactor (SMR) project to Campbell County. The company, which has its headquarters in Charleston, West Virgini[...]
Va. Ocean Plan taking shape for 2025
As coastal populations grow and traditional and novel maritime industries increase their use of the Atlantic Ocean, the state government is developing a comprehensive plan to support the coexistence of different uses of the ocean. A group of more than 100 stakeholders — including the Bureau of Ocean Energy Management, the Army[...]
Hard Rock Bristol goes all-in for grand opening
The bright lights of Bristol shine considerably brighter following the opening of Virginia’s second full-fledged casino. The Nov. 14 grand opening of the $515 million-plus Hard Rock Hotel & Casino Bristol, Virginia’s first hotel/casino combo, was grand indeed. Symphonies of sounds, from music to slot machines, indicated [...]
George Mason, school districts to launch data science lab school
George Mason University and several Shenandoah Valley school districts are partnering to launch a regional lab school in August 2025 that will focus on data literacy to provide students with training in this high-demand field. The Shenandoah Valley Rural Regional College Partnership Laboratory School for Data Science, Computing [...]
Pittsylvania megasite wins $1.3B battery separator project
Tennessee-based Microporous will invest $1.3 billion to build a battery separator manufacturing facility at the Southern Virginia Megasite at Berry Hill in Pittsylvania County, Gov. Glenn Youngkin announced Nov. 13. The company expects to create 2,015 jobs. The megasite’s first tenant, Microporous will develop Lot 1 at the par[...]
Powhatan green-lights $2.7B data center campus
Although some Virginia counties are backing away from hosting more data centers, Powhatan County supervisors voted 3-2 in October to approve an estimated $2.7 billion data center campus. The project will be on 119.9 acres partly bordering Chesterfield County, and supervisors OKed rezoning and a conditional use permit, rejecting [...]
Maximus announces feds have backed off $6.6B contract rebid
Editor’s Note: This story has been updated to correct an error in the original version, which incorrectly stated that the contract, not the rebidding process, had been canceled. Tysons-based Maximus, a government contractor specializing in administrative support for Medicare and Medicaid, announced Tuesday that the U.S. Depart[...]
GDIT wins $330M in Army training support contracts
Falls Church federal contractor General Dynamics Information Technology has won two Army contracts totaling $330 million, the General Dynamics subsidiary announced Tuesday. The Army Contracting Command – Orlando awarded the task orders to GDIT in August as part of the $975 million Mission Training Complex Capabilities Supp[...]
Unanet acquires D.C. AI firm
Dulles-based software company Unanet has acquired Washington, D.C.-based GovPro AI, Unanet announced Friday. Unanet did not disclose financial details of the transaction, which it completed in November. Unanet provides project-based enterprise resource planning and customer relationship management software solutions for governme[...]
