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Blacksburg Partnership president retiring
After 19 years as the founding leader of the Blacksburg Partnership, Diane Akers announced Friday that she will retire on June 30 from her position as president of the private economic development group. Akers was hired as the Blacksburg Partnership’s founding director in 2002, helping launch the organization that was esta[...]
WSJ reports Axios is eyeing merger with the Athletic
Arlington-based digital news company Axios Media Inc. is in discussions to merge with San Francisco-based sports media firm the Athletic, according to The Wall Street Journal, with the two companies potentially going public through a merger with a blank check company. According to the article, negotiations are in early stages after the Athletic’s chief executive, […]
Northam seeks to include part-time workers in state IRA fund
Virginia Gov. Ralph Northam has proposed a change to a bill to allow part-time employees to participate in a newly created state-administered retirement fund for workers without 401(k) access, the governor’s office announced Friday. Northam also has signed legislation expanding an existing broadband pilot program to increa[...]
Va. wedding venue loses suit against governor
On Friday, a federal judge ruled against Franklin County wedding venue Belle Garden Estate and its owner Charles Russell, who sued Gov. Ralph Northam in an attempt to expand the number of people who could attend a wedding under the state’s COVID-19 restrictions. Under current executive orders, businesses can host only 25 people outdoors if […]
Va. community clinics receive $79M in federal funding
U.S. Sens. Mark Warner and Tim Kaine announced Friday that 26 community clinics in Virginia will receive $79 million in funding through the $1.9 trillion American Rescue Plan federal stimulus package. Warner also introduced legislation this week to support other community clinics — most run by health systems in the state’[...]
Peraton wins potential $360M Air Force contract
Herndon-based national security contractor Peraton Inc. has been awarded a potential $360.4 million contract to assess safety risks of the U.S. Air Force’s intercontinental ballistic missile software, an agreement that could extend 18 years. According to the U.S. Department of Defense announcement Thursday, the company will support nuclear safety analysis and evaluation in Utah and […][...]
Fairfax company wins $484M DOD contract
On Tuesday, Fairfax-based software company Salient CRGT Inc. announced it had been awarded the first of four options on a potential $482 million award supporting the U.S. Department of Defense’s (DOD) specialized information technology systems and warfighter networks. The five-year, single-award contract is named SANDBAR and was initially awarded in September 2019 as a competitive […]
Newport News, Hampton launch Peninsula Cares Act Fund
The cities of Hampton and Newport News opened a new low-interest loan program for COVID-affected businesses on Thursday. Known as the Peninsula Cares Act Fund, it will lend a total of $1.5 million in amounts ranging from $7,500 to $375,000. Eligible businesses can use the funds for purchase and installation of machinery and equipment, building […]
Data center air systems manufacturer announces $36M plant in Botetourt
Munters Group AB, a Sweden-based manufacturer of air treatment and cooling systems for data centers and other industrial applications, will invest $36 million to relocate its Buena Vista operations to Botetourt County, company and county officials announced Thursday. Munters will begin construction in April on a 365,000-square-f[...]
Torc Robotics names chief transformation officer
Blacksburg-based Torc Robotics has hired Eddie Amos, a former Microsoft and GE Digital executive and software developer, as its chief transformation officer, the company announced Thursday. In a statement, Amos said his new job is to “translate the lessons learned in 35 years of software disruption into best practices for [...]
Leonardo DRS pushes pause on IPO
Arlington-based Leonardo DRS Inc., a subsidiary of Italian defense contractor Leonardo SpA, is hitting the brakes on its initial public offering, its parent company announced Wednesday. No future IPO date was announced. The company attributed its decision to “adverse market conditions” that “did not allow an adequate valuation of DRS,” according to a news release. […][...]
Richmond cuts three of six casino proposals
Updated, March 25 The city of Richmond has rejected three of its six casino proposals. The Pamunkey Indian Tribe, Golden Nugget Hotels & Casinos and Wind Creek Hospitality are no longer in the running, the city confirmed Wednesday night. In late February, the city announced that six casino projects had been submitted for con[...]
