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City of Richmond moves up in general obligation debt rating
Moody’s Investors Services upgraded the city of Richmond’s general obligation debt rating to Aa1, its second-to-highest creditworthiness rating, Richmond Mayor Levar Stoney announced Tuesday. A city’s credit rating determines the amount that a locality may borrow for capital projects, including schools. The city has not received an upgrade since 2014. With this change in rating, […][...]
Virginia Values Veterans program certifies 1,000th employer
Reston-based computer software company Carahsoft Technology is the 1,000th employer to earn certification from the state government’s Virginia Values Veterans (V3) program, Gov. Ralph Northam announced Tuesday. Administered by the Department of Veterans Services, the V3 program is designed to connect Virginia veterans to t[...]
Norfolk Southern moving Roanoke distribution center, locomotive shop to Pennsylvania
Norfolk-based Norfolk Southern Corp. (NS) is moving its Roanoke distribution center and locomotive shop operations to Pennsylvania, the company announced Tuesday, affecting a total of 104 employees in the Roanoke Valley area. The Fortune 500 rail transportation company will move those jobs and its associated work to Altoona, Pen[...]
Three-building office portfolio in Chesapeake sells for $8.4M
Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Develo[...]
McLean defense contractor wins $248M Navy contract
McLean-based defense contractor Alion Science and Technology Corp. was awarded a $248 million Navy contract, the company announced Thursday. The contract is for the Navy Continuous Training Environment (NCTE) for architecture development. Alion will provide research, development and engineering to develop architecture for advanced warrior training at Fleet Warfighting and Training Commands. “It is imperative […][...]
NoVa tech companies selected for $159 million Air Force contract
Vienna-based information technology company MicroTechnologies LLC and Reston-based Agile Defense Inc. have been awarded a $159 million Air Force contract to provide communications support, the companies announced Thursday. The task order was awarded by the U.S. Air Forces Central Command (AFCENT) Combined Air and Space Operations Center (CAOC). “We look forward to working alongside Agile […][...]
VCU receives $2.5M grant to extend battery life development
Virginia Commonwealth University researchers will receive a $2.5 million research grant from the U.S. Department of Energy (DOE) to develop long-lasting rechargeable batteries, the university announced Thursday. VCU researchers believe they can significantly extend battery life, drive down costs and reduce safety risks by redesi[...]
Smithfield Foods announces RedWhiteandCool program to hire vets
Smithfield Foods Inc. and the Refrigerating Engineers and Technicians Association (RETA) on Tuesday announced RedWhiteandCool — an initiative to recruit, train and hire transitioning military veterans into the refrigeration industry as refrigeration technicians. Smithfield Foods is a founding sponsor of the program. “There is a shortage of skilled labor in our country and the commercial […][...]
Henrico civil engineering firm promotes two execs
Henrico County-based civil engineering firm Draper Aden Associates (DAA) promoted Sri Nathella as a principal at their Blacksburg location and Tyrus Clayton as a principal at their Raleigh, North Carolina, location, the company announced Tuesday. Nathella has 29 years of experience, 25 of which have been at DAA in environmental engineering and he leads the […]
Reston-based tech firm acquires Danish company
Reston-based federal contractor and tech firm SOS International LLC (SOSi) has acquired Denmark-based analytics software company NorthStar Systems, SOSi announced Tuesday, making it the company’s fifth acquisition since 2016, including New World Solutions, Defense Group Inc., STG Group Holdings Inc. and Vykin Corp. Financial terms of the deal were not disclosed. “We’re continuing to expand […][...]
Two Va. hospitals ranked in nation’s top 100
Healthgrades has named its 2020 list of the top 250 hospitals in the United States, and two Virginia hospitals landed in the top 100. Inova Fairfax Hospital in Falls Church and Sentara Leigh Hospital in Norfolk are in the top 2% of the America’s Best Hospitals survey released Tuesday. Inova Fairfax was recognized as one […]
Richmond’s $1.5B Navy Hill project is dead
Richmond City Council on Monday formally killed the $1.5 billion Navy Hill proposal, with seven of nine members voting to strike several elements of the plan from the council’s consent agenda. After the vote, council members passed a resolution that Richmond Mayor Levar Stoney start over with a request for proposals to dev[...]
