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Shenandoah pushes forward with broadband expansion
Even while getting his teeth cleaned, Michael Keyser can’t escape the topic of broadband expansion. “It’s the only thing they’ll talk about,” the CEO of BARC Electric Cooperative says, recounting a recent discussion with a dental hygienist excited about receiving broadband service. BARC, a member-owned elec[...]
Richmond pharma company makes leadership appointments
Richmond-based pharmaceutical company Kaléo announced Tuesday five executive leadership appointments and promotions. Joining Kaléo from Boston Scientific, where he served as the senior vice president of corporate compliance and privacy officer, Kevin Espinoza has been hired as chief compliance officer. He will oversee Kaléo’s operations. He has also previously worked with Forest Laboratories, Compliance Implementation […[...]
DHL Supply Chain to create 577 jobs in Stafford County
DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with […][...]
Arlington company names VP of people
Arlington-based stock media company Storyblocks announced Tuesday it has hired Allison Jno-Baptiste as its vice president of people. Jno-Baptiste most recently served as the executive director of talent and resource management at Brown University. In her new role, she will oversee employee recruitment and diversity. “I bel[...]
Reston telemed company announces leadership changes
Reston-based telemedicine technology provider SOC Telemed on Monday announced executive leadership appointments and promotions, effective Jan. 4. Hai Tran, who currently serves as chief financial officer and chief operating officer, has been promoted to serve as president and COO. Chris Knibb will join the company as its new CFO. With more than 20 years of […]
MicroStrategy raises $650M to be invested in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Friday it closed a convertible debt offering by raising $650 million, which it plans to use to increase its bitcoin holdings. MicroStrategy estimates the net proceeds from the notes sale will be approximately $634.9 million, which it will invest in bitcoin, according to a company statement. The initial […]
eHealth Technologies creating 160 jobs in Scott County
eHealth Technologies Inc., a provider of medical record and image retrieval and clinical intelligence services, is investing $375,000 to establish a customer support center in Scott County that will create 160 jobs, Virginia Gov. Ralph Northam announced Thursday. Based in Rochester, New York, eHealth Technologies is a wholly owned subsidiary of Fairfax County-based private equity […]
Can Southwest Virginia win the data center game?
Like many other parts of the commonwealth, Southwest Virginia is making a play to attract data centers, offering cheap land, available workers and a natural cooling system. Data centers aren’t huge employers but do offer high wages and significant tax revenue — which other regions in Virginia have taken full advantage o[...]
December 2020 People
Eastern Virginia Stephen Edwards, a Los Angeles-based CEO with more than two decades of maritime industry experience, will be the Virginia Port Authority‘s new CEO and executive director. A U.K. native, Edwards is currently president and CEO of TraPac LLC, which operates container terminals in the ports of Los Angeles and Oakland, California. He replaces John […]
Va. Tech ups connectivity with broadband block buy
In an effort to literally expand Virginia Tech’s research bandwidth, the Virginia Tech Foundation bought eight blocks of Citizens Broadband Radio Service (CBRS) in the Federal Communications Commission’s auction this summer. As owner of priority access licenses (PALs) for four 10MHz blocks in Montgomery County and fo[...]
New community bank set to open in Va. Beach
For all Mike Ives’ experience in banking, he was perplexed by a word that potential investors and clients kept mentioning during a feasibility study for the bank he wanted to form: “menu.” “I’d not heard the word ‘menu’ used before regarding banking,” says Ives, explaining that some larger banks give [...]
After 30 years, The Free Clinic will shut its doors
Harrisonburg’s The Free Clinic will go out of business at the end of December after providing medical care to low-income, uninsured adults for more than 30 years. “We’ve taken care of patients. We’ve made our community a healthier place, and we’re happy about that,” says Joshua Hale, president of the [...]
