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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 emplo[...]
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[...]
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 th[...]
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 bra[...]
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[...]
Tysons software company CFO resigns after 6 months
Tysons-based software company MicroStrategy announced Wednesday that its chief financial officer, Lisa Mayr, has resigned after joining the company six months ago. The company’s chief operating officer Phong Le, who has previously served as the CFO, will take over the role. Mayr was hired as MicroStrategy’s CFO in October after serving as CFO at Washington, […]
Central Va. CEOs expect revenues to decline in next six months
A majority of Central Virginia CEOs expect sales revenues to decline during the next six months but don’t expect to significantly reduce their workforces as a result of the economic crisis brought on by the COVID-19 pandemic, according to a follow-up 2020 CEO Economic Outlook Survey released Wednesday by the University of Richmond‘s Robins School […]
Norfolk real estate company promotes exec to regional VP
Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Wednesday that it has promoted Debbie Franco to regional vice president. Franco was most recently the regional property manager at the firm, covering the Northern Virginia region. She started her career in real estate at the firm in 2002 as a leasing agent and[...]
McLean investment bank names head of security practice
McLean-based middle-market investment bank The McLean Group LLC announced Tuesday that Marc Gruzenski has been named as the head of its security practice. Gruzenski was most recently the director of global security technology and director of information protection for The Walt Disney Co. He has also worked as the chief of inte[...]
