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For Government Contracting Companies, AI Can Be a Gift That Keeps on Giving
Report highlights how AI can benefit a GovCon business, offers best practices for a successful AI journey By Kim Koster Government contractors make their living working for, and being held accountable to, the U.S. government and by extension, the American public. That means they have to deal with a uniquely challenging set of ri[...]
Manufacturer plans $5M expansion in Scott County
VFP, a manufacturer of enclosures used to protect critical infrastructure, will invest $5 million to expand its Scott County facility, a move expected to create 50 jobs, Gov. Glenn Youngkin announced Monday. The expansion will allow VFP to respond to a growing data center market. “Virginia’s robust data center industry r[...]
TowneBank to acquire Village Bank for $120M
Suffolk-based TowneBank has signed a definitive agreement to acquire Midlothian’s Village Bank and its parent company, Village Bank and Trust Financial, a deal worth approximately $120 million, the banks announced Tuesday. “Our TowneBank family is humbled and excited to partner with Village Bank and its team members,” Town[...]
Va. casinos report $63.1M in August revenues
August gaming revenues for Virginia’s three casinos totaled $63.1 million, according to Virginia Lottery data released in September. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.94 million in adjusted gaming revenues (wagers minus winnings), of which about $13.29 million came f[...]
Colbert leaves as CEO of Boeing’s defense, space sector
Theodore “Ted” Colbert III is no longer president and CEO of Boeing Defense, Space & Security, the Arlington County aircraft and aerospace manufacturer reported in a Securities and Exchange Commission filing Friday evening, Sept. 20. The announcement comes weeks after NASA decided it was unsafe to send two U.S. a[...]
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How AI is Changing Small Business for the Better
Virginia’s small business owners face challenges every day, from supply chain logjams to rising inflation. Now, with the arrival of Artificial Intelligence, or AI, there are new questions for proprietors to answer. Despite the headlines touting AI as a replacement for humans, a survey by Cox Business shows that small businesse[...]
