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Rappahannock Electric Cooperative CEO to retire
Fredericksburg-based Rappahannock Electric Cooperative (REC) announced Tuesday that president and CEO Kent D. Farmer, who has served since 2004, will retire Aug. 1. He has been with the company for a total of 41 years. “It has been my honor and privilege to lead REC and to serve its membership for the past 16 years,” [&helli[...]
Private equity firm purchases Reston office building
A New York-based real estate private equity firm, HighBrook Investors, secured a three-year floating-rate loan of $29 million, with extension options, to purchase the Reston Metro Center One office building, located near the future Reston Town Center Metro station and the planned $1.4 billion Halley Rise mixed-use development. H[...]
Microsoft to invest $64M in Fairfax County expansion, create 1,500 jobs
Microsoft Corp. will invest $64 million to expand its presence in Reston Town Center in western Fairfax County, creating 1,500 jobs, Gov. Ralph Northam announced Wednesday. The software giant will occupy 400,000 square feet in the Reston Town Center, which will include a software development and research hub, as well as retail space. The project […]
Mask mandate to go into effect Friday, governor says
Virginians ages 10 and older will be required to wear masks in all brick and mortar retail stores, personal care and grooming businesses and restaurants starting Friday, Gov. Ralph Northam announced Tuesday. Face coverings also will be mandated on public transportation, state and local government offices and any indoor places wh[...]
NoVa localities, Accomack expected to start Phase One on Friday
Update, 10 a.m., May 27: Gov. Ralph Northam has turned down Richmond Mayor Levar Stoney’s request to reopen while maintaining restrictions on houses of worship, barber shops and grooming businesses, in a letter released Tuesday night. All of Virginia’s localities are expected to be in Phase One by Friday. Earlier: N[...]
McLean-based Cvent lays off, furloughs 10% of workforce
As the hospitality industry has taken one of the biggest COVID-19 hits of all, McLean-based event software company Cvent Inc. confirmed Friday it is laying off or furloughing 10% of its global workforce due to business impacts from the pandemic. “Meetings and events boost the global GDP by more than $1.5 trillion and impact nearly […]
Loudoun County adds $5.7M to small business relief fund
The Loudoun County Board of Supervisors approved an additional $5.7 million in grant funding for a second and third round of its COVID-19 Business Interruption Fund, which supports small businesses affected by the pandemic. The funding was allocated from the $36.1 million in federal funding to Loudoun County from the Coronavirus[...]
Dinwiddie company wins $107M I-95 contract
Dinwiddie County-based road construction company Wagman Heavy Civil Inc. announced Friday it’s been awarded a $107 million contract for the Interstate 95 Northbound Rappahannock River Crossing project in Stafford County. “We are excited to begin our work that will provide critical mobility and safety improvements on I-95 including the interchange at Route 17,” Greg Andricos, […]
Google wins seven-figure DoD contract
Google Cloud, a division of Google LLC, announced Thursday that it’s been awarded a seven-figure Department of Defense contract to provide multi-cloud management. A specific contract award amount was not disclosed. The contract will be completed for the DoD’s Innovation Unit (DIU), which works to scale commercial technology across the agency. Google Cloud will build […]
Reston tech company names AI senior director
Reston-based government technology company Octo Consulting Group announced Tuesday that it has named Rob Albritton as the senior director of its AI Center for Excellence. Albritton most recently worked as a machine learning engineer at McLean-based The Mitre Corp., a nonprofit that conducts research for government agencies. In[...]
Falls Church health IT company acquires Vienna tech firm
Falls Church-based health information technology company Cognosante LLC has acquired Vienna-based tech company Enterprise Information Services LLC (EIS). Financial terms of the transaction were not disclosed. Cognosante plans to use the acquisition to expand its federal contracting market. “EIS’ proven success in enterprise services, biometrics and cybersecurity provides expanded capabilities to offer to our existing […[...]
Goldman Sachs to acquire McLean financial firm
McLean-based online financial services company Folio Financial Inc. announced Tuesday it will be acquired by New York City-based The Goldman Sachs Group Inc. Both companies provide investment management, asset management and brokerage services. Financial terms of the transaction were not disclosed. Acquisition discussions began in 2019, and the transaction is expected to close by the […]
