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StartVirginia: HEARD AROUND VIRGINIA
Arlington County awarded a total of $225,000 in grants to five local startups that are the first to receive grants — of $25,000 to $50,000 apiece — from the county’s Arlington Innovation Fund. The fund supports early-stage tech companies, particularly those owned by women, veterans and minorities, while pushing down office vacancy rates. The five companies are: Dispatchr Technologies, which develops […][...]
Natural selection
Natural gas as a source of energy for Virginia power plants is set to reach its final days by the middle of the century — or is it? The Virginia General Assembly set that deadline in 2020 when it passed the Virginia Clean Economy Act, which requires the state’s two major electric utilities to shift […]
Israeli defense giant launches Herndon aerospace accelerator
Herndon will soon have something in common with Tel Aviv — an aerospace accelerator and innovation center run by Israeli state-owned aerospace and defense company Israel Aerospace Industries, which helped design Israel’s Iron Dome missile defense system. IAI and IAI North America, its Herndon-based U.S. government contractin[...]
Dominion to sell 50% interest in offshore wind farm
Dominion Energy announced Feb. 22 it had reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the utility’s Coastal Virginia Offshore Wind project for nearly $3 billion. The deal is expected to close by the end of 2024, if approved by the Virginia State Corporation Commission and the North [...]
Clarke County limits solar development
Clarke County prioritizes agriculture. That’s what drives most of its policy-making as the county navigates the complexities of renewable energy development while preserving its farmland, explains County Administrator Chris Boies. In January, the county’s Board of Supervisors approved new regulations for utility-scale solar [...]
Top Five April 2024
The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 were led by news that Danish toymaker Lego will delay production at its Chesterfield County facility until 2027. 1 | Lego delays Chesterfield production start to 2027 Lego Group will begin production at its $1 billion manufacturing facility […]
