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Defense and defensibility
When it comes to tech and government contractors, Northern Virginia’s national profile continued to rise in 2022. Arlington County, where Amazon.com Inc.’s multibillion-dollar HQ2 is continuing to take shape in National Landing, made headlines around the globe in spring 2022. Fortune 500 companies Boeing Co. and Rayt[...]
It’s complicated
Going by media coverage alone, you’d be forgiven for thinking that 2021’s Great Resignation turned into “quiet quitting” in 2022, but as always, the national mood is more complicated than any two-word phrase could convey. There are still significant labor shortages in certain sectors — notably health care, edu[...]
What’s next?
This time last year, Virginia’s fortunes seemed as high as Clemente Development Co. Inc.’s proposed 600-foot Iconic Tower. Part of Clemente’s long-planned, 3-million-square-foot The View at Tysons mixed development, the Iconic Tower was to be the tallest commercial structure between Philadelphia and Charlotte, [...]
Double play
Hampton Roads will be home to two Las Vegas-style casino complexes after Norfolk and Portsmouth voters overwhelmingly approved November 2020 referendums greenlighting the projects in their cities. The referendums passed with 64.4% of the vote in Norfolk and 66.7% in Portsmouth. The Pamunkey Indian Tribe is working with Tennessee[...]
A bright spot
The coronavirus pandemic divided Loudoun County into two worlds in 2020 — tech and touch, says Buddy Rizer, the county’s executive director for economic development. While the pandemic devastated in-person “touch” businesses such as restaurants, shops and service providers, Northern Virginia’s tech-related comp[...]
Legal challenges
In any other year, the merger that formed Troutman Pepper Hamilton Sanders LLP would have gotten top billing in the year’s legal news. But 2020 wasn’t like any other year for the legal profession. The pandemic’s economic fallout caused some law firms to enact cutbacks and temporary salary reductions; some senio[...]
A turnaround in fortunes
After taking a hit from the coronavirus, economic activity in the Shenandoah Valley recovered in the second half of 2020, powered by the transportation, manufacturing and food-processing sectors. “The valley really showed its resilience,” says Jay Langston, executive director of the Shenandoah Valley Partnership, a regional [...]
On the move
Tom Afferton, president of cyber mission, Peraton Inc., Herndon John Coleman, president of global defense and security, Peraton Inc., Herndon Roger Mason, president of space and intelligence, Peraton Inc., Herndon Tarik Reyes, president of civil and health, Peraton Inc., Herndon National security contractor Peraton has made massive moves lately, purchasing Perspecta Inc. for $7.1 billion […][...]
Pressing on
In spite of the global pandemic that shuttered many smaller businesses, Virginia’s largest companies still inked major deals and scored contracts worth billions of dollars in 2020. In July 2020, Dominion Energy Inc. canceled its planned $8 billion Atlantic Coast Pipeline and sold its gas transmission and storage business t[...]
Brick by brick
The continuing progress on Amazon.com Inc.’s massive East Coast headquarters in Arlington, along with the promise of four new casinos across the state, kept spirits buoyed in Virginia’s construction sector in 2020. Across the country, construction employment decreased in December 2020 compared with December 2019, but[...]
The heart of the region
When the first class of Northern Virginia Community College’s cloud computing program graduated in spring 2020, its members may not have had the trappings of an in-person, pre-pandemic graduation, but they did get something with even more long-term value. Every graduate who sought employment after earning their associate d[...]
The great transformation
It’s been a year since Virginia recorded its first COVID-19 case, and nearly all of us have embraced new ways of living — and working. But with each passing day, a return to some semblance of normalcy feels closer to our reach. Even in the face of emerging coronavirus variants, there’s reason to be hopeful [&hellip[...]
