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First Loudoun Innovation Challenge winners announced
The Loudoun Economic Development Authority (EDA) on Monday announced the four winners of its first Loudoun Innovation Challenge, which awarded $150,000 in total grants to innovative startups based in the county or committing to locate an office or jobs there. Launched in January, the challenge received 71 applications from proje[...]
Booz Allen Foundation launches $1M fund for COVID-19 innovation projects
McLean-based global management consulting company Booz Allen Hamilton Inc. announced Friday that its foundation has launched a $1 million Innovation Fund that is open to nonprofits, small businesses and individuals who have ideas for projects that can help solve COVID-19-related social problems. Founded in 2017, The Booz Allen Foundation provides funding to youth and education […]
Internet governing body blocks $1.1B sale of Public Interest Registry
The governing body of Internet domain addresses voted Thursday to block the $1.135 billion sale of the Public Interest Registry, a Reston-based nonprofit created by the Internet Society in 2002 to manage the .org top-level domain, to private equity firm Ethos Capital. The Public Interest Registry has operated the .org domain — which is used […]
Norfolk buys Military Circle Shopping Mall for $11M
The Norfolk Economic Development Authority (EDA) announced Friday it approved a plan for the city to purchase the Military Circle Shopping Mall for $11 million to redevelop the mall and surrounding area for mixed-use development. “The Military Circle corridor is the crossroads of the Hampton Roads region,” Norfolk Mayor Kenn[...]
Second round of Central Va. COVID-19 Response funding released
The Central Virginia COVID-19 Response Fund, a joint initiative of the nonprofit Community Foundation for a greater Richmond and the Emergency Management Alliance of Central Virginia, awarded its second round of grants this week, bringing the total amount awarded to more than $2 million and the number of regional organizations funded to 52. Since the effort […]
Last remaining corner plot in Henrico County’s Short Pump sells for $5.85M
The last remaining corner plot of land in Henrico County’s Short Pump area has sold for $5.85 million, Cushman & Wakefield | Thalhimer’s Mark E. Douglas said. Located at 12120 W. Broad St., the 12.27 acre vacant, wooded lot is less than one mile from West Broad Marketplace, a shopping center with anchor tenants including […]
Axios returns $4.8M in PPP funding
Arlington County-based digital media company Axios Media Inc. is returning $4.8 million it received from the Small Business Administration’s Paycheck Protection Program (PPP), according to Axios cofounder and CEO Jim VandeHei, who said the federal relief program aimed at helping small businesses keep their workforces employed [...]
Reston IT company names president
Tony Crescenzo has been hired as president of Reston-based information technology company Intelligent Waves LLC. Formerly the CEO of Falls Church-based IT company IntelliDyne LLC, Crescenzo earned his bachelor’s degree from Stockton University and his master’s degree in business administration from Rutgers University. Intell[...]
GO Virginia earmarks funding for SW Va. tech talent program
The GO Virginia Region 1 Council, which covers Southwest Virginia, announced Thursday it has recommended $1.38 million in funding for the United Way of Southwest Virginia to create a technology talent development program. As more tech companies enter the Virginia market during the next decade, it’s estimated that more than 2[...]
Hanover County packaging manufacturer making isolation gown material
Hanover County-based packaging manufacturer INDEVCO North America announced Thursday that it’s shifting its manufacturing materials to make materials for protective isolation gowns, worn by first responders and medical workers. The company typically produces house wrapping material under its Barricade Building Products brand, [...]
Cumberland Hospital for Children and Adolescents names medical director
Cumberland Hospital for Children and Adolescents in New Kent County, which treats patients who suffer from chronic illness, brain injury or neurological impairment, announced this week that Dr. Brett Sharp has been named as its medical director, which became effective April 20. Sharp, who has 29 years of clinical experience, has[...]
Leidos subsidiary tapped to develop lunar landing system
Dynetics, a wholly owned aerospace subsidiary of Reston-based defense contractor Leidos, is one of three prime contractors awarded contracts by NASA to design the human lunar landing system that will take the first woman and next man to the moon’s surface by 2024. The other two aerospace companies are Amazon.com Inc. Presi[...]
