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Greater Richmond Partnership hires VP of business development
Regional economic development organization The Greater Richmond Partnership Inc. (GRP) announced Tuesday it has hired Audrey Polk as its vice president of business development. Polk most recently worked as the existing business representative at the Henrico Economic Development Authority. Before that, she was a research analys[...]
Reston-based construction firm to donate $3M to COVID-19 efforts
Reston-based construction company Bechtel Corp. announced Tuesday that its corporate foundation, in partnership with the crowdfunding nonprofit GlobalGiving, will donate $3 million through its new Bechtel COVID-19 Fund to support communities around the world coping with the impact of the coronavirus pandemic. The money will go to nonprofit organizations providing vital services to people affected by […][...]
Reston-based Leidos acquires L3Harris businesses for $1B
Reston-based defense contractor Leidos Holdings Inc. announced Tuesday it has officially completed the acquisition of Massachusetts- and England-based L3Harris’ Security Detection and Automation businesses for approximately $1 billion in cash. The deal was originally announced on Feb. 4, when the boards of directors of both companies unanimously approved the transaction, according to a Leidos statement. […][...]
Henrico printing plant closing, laying off 184 workers
Stamford, Connecticut-based Cenveo Worldwide Ltd. is shutting down its Cadmus printing plant in Henrico County by the end of May, laying off 184 employees. The company, whose customers include Virginia Business magazine, filed a Worker Adjustment and Retraining Notification Act (WARN) notice with the Virginia Employment Commissi[...]
Reston IT company to be acquired by Cognizant
Reston-based human resources tech company Collaborative Solutions LLC will be acquired by New-Jersey based information technology company Cognizant, the companies announced Tuesday. Financial terms of the transaction were not disclosed and the deal is expected to close during Q2 2020. Collaborative Solutions specializes in Workday Cloud Platform applications for finance and human resources. Following the […][...]
U.Va. receives $1M gift for COVID-19 research fund
The University of Virginia announced Tuesday it has received a $1 million commitment from Charlottesville-area businessman and investor Paul Manning to establish The Manning Fund for COVID-19 Research, which will support the university’s efforts to develop COVID-19-related research projects. “The Manning Fund for COVID[...]
Juul Labs moving HQ from San Francisco to D.C.
E-cigarette manufacturer Juul Labs Inc. is moving its company headquarters from San Francisco to Washington, D.C., a fact first reported Tuesday by the Wall Street Journal. Henrico County-based Altria Group Inc. holds a 35% stake in Juul, which is cutting about 900 jobs from its 3,000-person global workforce, including about 25%[...]
Capital Square names VP of construction management
Henrico County-based real estate investment company Capital Square announced Tuesday that it has named Michael Ollinger as vice president of construction management. He will be responsible for construction management for existing assets and new development. Ollinger most recently worked as a design and construction consultant [...]
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[...]
