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A large data center could have $50M annual impact on SWVA, study finds
Southwest Virginia is well-positioned for data centers and a large data center could result in more than 2,000 jobs and $50 million in annual economic activity, according to the Project Oasis study conducted by OnPoint Development Strategies and released Monday by InvestSWVA. Due to its land availability, geothermal cooling opportunities and workforce readiness and development, […]
DXC Technologies finalizes $5B spinoff of health, human services business
Tysons-based Fortune 500 IT services company DXC Technology has completed the sale of its U.S. State and Local Health and Human Services business to private equity firm Veritas Capital for $5 billion, the Fortune 500 company announced Monday. DXC Technology announced in March it would sell the business unit, which provides technology enabled, mission critical […]
Northrop Grumman lands $1.16B Navy contract
The U.S. Navy awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a potential $1.16 billion follow-on contract to manufacture updated electronic warfare systems the branch will use to defend surface combatant vessels against anti-ship missile threats, the company announced Friday. The award include[...]
Smithfield Foods donates $100K to aid homeless vets
Smithfield Foods Inc. donated $100,000 to to support state government programs for homeless veterans and their families, Gov. Ralph Northam announced Friday. The donation from the Smithfield Foundation presented to the Virginia Veterans Services Foundation will be designated to the Veteran Homeless Fund, which provides one-time gap assistance to homeless veterans in the process of […]
Henrico office building sells for $1.1M
A 17,112-square-foot office building in Henrico County sold for $1.1 million, commercial real estate brokerage firm Marcus & Millichap announced last week. Located at 2120 Staples Mill Road, the building was constructed in 1974 and sits on 0.73 acres. The building was vacant at the time of the sale, and the new owners plan o[...]
Former Salvation Army thrift store sells for $2.4M in Chesterfield
A 15,600-square-foot commercial building in Midlothian sold for $2.4 million, Glen Allen-based commercial real estate consulting and brokerage firm Taylor Long Properties announced last week. Located at 11000 Midlothian Turnpike in North Chesterfield, 11000 Midlothian Turnpike LLC purchased the building from The Salvation Army. [...]
RiverStone Ranch auction set for Oct. 28
The 979-acre RiverStone Ranch in Buchanan will go to auction on Oct. 28, rural real estate firm Hall and Hall announced last week. The Botetourt County estate, which has remained in private ownership for more than 200 years, includes tunnels, canals and stone walls from George Washington’s James River Kanawha Project. The pr[...]
General Dynamics lands two Navy contracts totaling $251M
The U.S. Navy this week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. two contracts worth a combined $251 million, the company announced Friday. The first contract is a $215.7 million modification to a previously awarded contract that — if all options are exercised — could be worth more […]
Navy awards Northrop Grumman $210.1M contract
The U.S. Navy awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a $210.1 million contract to manufacture navigation systems for installation on surface and underwater U.S. Navy vessels, the Department of Defense announced Wednesday. Under the contract, Northrop Grumman will supply AN/WSN-7 ring gyroscope systems, which senses ship motions, computes the ship’s position, […][...]
ASGN Inc. buys Fredericksburg data science firm
ASGN Inc., which is moving its headquarters from California to Henrico County this month, announced Tuesday it has acquired Fredericksburg-based remote sensing and data science provider Skyris Inc. Terms of the transaction were not disclosed. ASGN is the parent company of Glen Allen-based recruiting firm Apex Systems LLC. The acquisition will allow ASGN to provide […]
Universal Corp. completes acquisition of dehydrated foods company
Richmond-based international tobacco leaf supply company Universal Corp. announced Thursday it has completed the acquisition of Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash. The acquisition was previously announced in early September. Silva will operate as part of Universal’s plant-based ingredients platform, which includes FruitSmart Inc. (which [&helli[...]
Danville Pittsylvania County Chamber announces SoVa leadership cohort
The Danville Pittsylvania County Chamber of Commerce on Monday announced a partnership with the University of Virginia’s Weldon Cooper Center for Public Service and the Charlottesville-based Tom Tom Foundation to launch NextGen: Southern Virginia, a virtual learning and networking opportunity for Dan River Region emerging leaders. The NextGen program will occur during the Tom Tom […][...]
