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Lumber company to invest $11M in Caroline County
Gatesville, North Carolina-based lumber company Ashton Lewis Lumber Co. will invest $11 million to establish a specialty Southern yellow pine sawmill in Ruther Glen (part of Caroline County), Gov. Ralph Northam announced Friday. The company has also committed to sourcing 90% of its pine lumber purchases from Virginia forestland owners as part of the investment. […]
‘Our chance to restart and reinvent’
As part of its COVID-19 economic recovery initiative Project Rebound, the Charlottesville Regional Chamber of Commerce on Thursday released a blueprint outlining recovery action steps for the business community. Produced by Big Four accounting firm KPMG LLP, the “Blueprint for Economic Resiliency and Reinvention in the Great[...]
Loudoun County funds 400 additional small businesses
Loudoun County Economic Development on Tuesday randomly selected 400 local small businesses to each receive $5,000 COVID-19 Business Interruption Fund grants, totaling $2 million. The funding was allocated from the $36.1 million in federal funding to Loudoun County from the Coronavirus Aid, Relief and Economic Security (CARES) A[...]
Reston security firm acquired by French company
Reston-based managed security firm Paladion will be acquired by Bezons, France-based information technology company Atos. A transaction amount was not disclosed. “We found with Paladion a mature team and advanced technology built to deliver outcomes and reduce customers risks,” Pierre Barnabé, Atos senior executive vice president and head of big data and cybersecurity, said in […]
Arlington stock media company acquired by Boston firm
Arlington-based stock media company Storyblocks will be acquired by Boston-based private equity firm Great Hill Partners, the companies announced Thursday. A transaction amount was not disclosed. “We have seen dramatic changes to workflows for customers ranging from freelancers to small businesses to major production studios in recent years as they adapt to an ever-increasing demand […][...]
McLean company to send six satellites into orbit
Los Angeles-based aerospace manufacturer Relativity Space announced Wednesday that McLean-based Iridium Communications Inc. has signed a contract to deliver up to six of Irdium’s satellites into orbit. Iridium currently operates a network of 66 satellites used for mobile voice and data communications. A contract amount was[...]
Reston network security firm taps new president
Reston-based tech and network security company Electrosoft announced Wednesday it has hired Manuel Miranda as its new president. In his new role, he will focus on company growth, business development, customer operations, information technology, human resources and recruiting. Before joining Electrosoft, Miranda had been chief o[...]
Reston tech firm names chief technology officer
Reston-based data and analytics tech firm Hitachi Vantara Federal Corp. announced Wednesday it has promoted Gary Hix to chief technology officer. As CTO, he will ensure products meet federal standards and work with the company’s government clients to develop new products. Hix most recently led the Hitachi Vantara Federal solut[...]
Northern Virginia Technology Council chooses acting CEO
The Northern Virginia Technology Council (NVTC) announced Wednesday that Brad Schwartz will serve as its acting president and CEO starting July 1. He succeeds Bobbie Kilberg, who announced her June 30 retirement in October 2019 after 22 years at the helm of the membership and trade association for the region’s tech industr[...]
Metro Silver Line service to resume Aug. 16
Metro will resume Silver Line service and reopen six Fairfax County stations on Aug. 16, the Washington Metropolitan Area Transit Authority announced Wednesday. The six stations are the five “west-of-Ballston” Silver Line stations (McLean, Tysons Corner, Greensboro, Spring Hill and Wiehle-Reston East) plus one Orange Line station: West Falls Church. The remaining three west-of-Ballston stations […][...]
S.C. manufacturer relocating to Grayson County
Metalworx Inc., a manufacturer of highly-engineered and precision-manufactured components, assemblies and products for industrial uses, is investing $7.6 million to relocate its headquarters and manufacturing operations from South Carolina to the former Core Fitness Complex in Grayson County, Virginia Gov. Ralph Northam announced Wednesday. Virginia competed with North Carolina for the project, which will create […][...]
TowneBank and CHKD buy Norfolk Southern Tower for $30M
UPDATED JULY 2 | Suffolk-based TowneBank and Children’s Hospital of the King’s Daughters (CHKD) have jointly purchased the 22-story Norfolk Southern Tower in downtown Norfolk from the Fortune 500 railroad corporation, which is in the process of migrating its corporate headquarters to Atlanta. The building sold for $30 mill[...]
