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Veterans affordable housing complex coming to Arlington
Arlington Partnership for Affordable Housing (APAH) has purchased the former Arlington American Legion Post 139 building for $8.8 million to construct apartment units and a new veterans programming center, Toronto, Canada-based real estate company Avison Young Inc. announced Monday. The Arlington chapter of the American Legion[...]
Loudoun County disperses $1.4M to 201 small businesses
The Loudoun County Department of Economic Development announced Friday it had dispersed approximately $1.4 million from the COVID-19 Business Interruption Fund to 201 small local businesses. The Loudoun County Board of Supervisors and the Loudoun County Economic Development Authority (EDA) established the fund. The board of supe[...]
NoVa officials say region’s not ready to reopen
Northern Virginia elected officials — as well as local health department directors — have asked Gov. Ralph Northam to wait on allowing local businesses to reopen until the hard-hit region’s COVID-19 cases have shown a continuous decline, along with meeting other metrics. “Based on our assessment, we do not believe that the Northern Virginia region […]
D.C./Va./Md. COVID-19 task force forms for economic strategy
Connected DMV, a regional nonprofit collaboration in Northern Virginia, Washington D.C. and Maryland, announced Thursday it has formed a 45-person COVID-19 Strategic Renewal Task Force to make formal recommendations for addressing short-term and long-term COVID-19-related economic recovery. Founded in 2019, Connected DMV focuses on economic development in Virginia, Washington, D.C., and Maryland. The task force […][...]
Reston-based Ellucian names chief marketing officer
Reston-based higher education software company Ellucian announced Wednesday it has named Sharon Loeb as its chief marketing officer. She will lead marketing initiatives and digital transformation for the company. Loeb was most recently the executive vice president and chief marketing officer at Cengage Learning, where she led marketing, communications and public affairs for the company. […]
Fairfax consulting company names president
Fairfax-based IT and management consulting contractor Axiologic Solutions LLC announced Wednesday it has named Andy Baratta as its president, who will lead business development and growth strategy for the company. Baratta was most recently the chief operating officer at Fairfax-based Data and Analytic Solutions Inc. He also prev[...]
Reston-based construction firm to donate $3M to COVID-19 efforts
Reston-based construction company Bechtel Corp. announced Tuesday that its corporate foundation, in partnership with the crowdfunding nonprofit GlobalGiving, will donate $3 million through its new Bechtel COVID-19 Fund to support communities around the world coping with the impact of the coronavirus pandemic. The money will go to nonprofit organizations providing vital services to people affected by […][...]
Reston-based Leidos acquires L3Harris businesses for $1B
Reston-based defense contractor Leidos Holdings Inc. announced Tuesday it has officially completed the acquisition of Massachusetts- and England-based L3Harris’ Security Detection and Automation businesses for approximately $1 billion in cash. The deal was originally announced on Feb. 4, when the boards of directors of both companies unanimously approved the transaction, according to a Leidos statement. […][...]
Reston IT company to be acquired by Cognizant
Reston-based human resources tech company Collaborative Solutions LLC will be acquired by New-Jersey based information technology company Cognizant, the companies announced Tuesday. Financial terms of the transaction were not disclosed and the deal is expected to close during Q2 2020. Collaborative Solutions specializes in Workday Cloud Platform applications for finance and human resources. Following the […][...]
Alarm.com subsidiary acquires apartment intercom company
A subsidiary of Tysons-based security company Alarm.com announced Monday it has acquired apartment intercom system company Doorport Inc. Financial terms of the transaction were not disclosed. Through the acquisition, PointCentral Smart Property Management, which focuses on rental properties, will now be able to offer building security and access as well as property management through a […][...]
First Loudoun Innovation Challenge winners announced
The Loudoun Economic Development Authority (EDA) on Monday announced the four winners of its first Loudoun Innovation Challenge, which awarded $150,000 in total grants to innovative startups based in the county or committing to locate an office or jobs there. Launched in January, the challenge received 71 applications from proje[...]
Booz Allen Foundation launches $1M fund for COVID-19 innovation projects
McLean-based global management consulting company Booz Allen Hamilton Inc. announced Friday that its foundation has launched a $1 million Innovation Fund that is open to nonprofits, small businesses and individuals who have ideas for projects that can help solve COVID-19-related social problems. Founded in 2017, The Booz Allen Foundation provides funding to youth and education […]
