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Economic Development: BUDDY RIZER
Under Rizer, Loudoun attracted $6.55 billion in new commercial investment in 2021, and in June, Irish energy management company Hanley Energy announced an $8 million expansion of its electrical division in Ashburn, a move expected to create 343 jobs. The self-styled “godfather of data center alley,” Rizer, who became Loudoun’s eco[...]
Federal Contractors/Technology: LYNN MARTIN
Martin joined Google Cloud in December 2021 after spending eight years as vice president of government, education and health care at another cloud services provider, VMware Inc. In June, Google announced the creation of Google Public Sector, a subsidiary focused on bringing Google Cloud technologies, including artificial intelligenc[...]
Real Estate : RYAN T. McLAUGHLIN
In 2021, NVAR celebrated its 100-year anniversary and earned the 2021 Diamond Council Global Award from the National Association of Realtors for being among the most active associations in global business. With 34 employees in Virginia and revenue of $8.25 million in 2021, NVAR is one of the largest regional Realtors’ associations i[...]
‘The Wild West’
From an outsider’s perspective, it may appear as if technology is improving and changing almost daily — especially sparked by pandemic-driven remote work. But according to a 2021 study by the Massachusetts Institute of Technology, more than 80% of technologies improve in performance at a rate of less than 25% per year. Virginia Tech[...]
No myth
Last year, Lori Stacy found herself leading a unicorn. The CEO of Norfolk-based Trader Interactive, an online marketplace for boats, recreational vehicles, motorcycles and other niche vehicles, Stacy helped shepherd the company through its June acquisition by Australian auto retailer carsales.com Ltd. The Australian company paid $[...]
Charging up
Virginia Del. Richard “Rip” Sullivan Jr. is one of the General Assembly’s biggest advocates for electric vehicles. But when the Fairfax County Democrat went to buy a car in 2018, he started feeling anxious about the electric cars on offer — particularly their relatively limited range, given the lack of electric vehicle (EV) chargers[...]
September 2022 For The Record
CENTRAL Goochland County supervisors gave their unanimous stamp of approval to a proposed 650,000-square-foot e-commerce fulfillment center in August, clearing the way for what promises to be one of the most significant economic development projects in the county’s history. While board members were aligned in support of the $500 mil[...]
Silver lining
As the long-delayed phase two opening of Metro’s Silver Line extension is set for later this year in western Fairfax and Loudoun counties, a development boom is following on the train’s wheels. Reston and Herndon, as well as eastern Loudoun, have already attracted big corporate tenants to millions of square feet of office space, ret[...]
FOR THE RECORD JUNE 2022
CENTRAL Richmond-based Dominion Energy Inc. asked the State Corporation Commission for permission in early May to increase Virginia residential customer bills by about $9 a month to account for rising fuel prices. According to federal data, Virginia already has high electric bills. Dominion cited dramatic increases in fuel prices st[...]
Cyberwar zone
Earlier this year, Kwabena Konadu received a call from one of the small businesses he advises on IT and cybersecurity. The company’s chief financial officer had received an email from a purported ethical hacker — cyberspeak for “good guy” — who had found the official’s username and password for accessing company data on the dark web[...]
Google to invest $300M in Va., announces workforce grant
Google will invest $300 million in Virginia in a plan that includes data centers, the technology giant announced Tuesday during a press conference at its Reston office. That's in addition to a $250,000 grant to Richmond-based nonprofit CodeVA to develop a network of computer science lab schools to expand professional development f[...]
FOR THE RECORD
CENTRAL VIRGINIA AutoZone Inc. plans to build a $185.2 million warehouse and distribution center in New Kent County, creating 352 jobs, Gov. Glenn Youngkin announced in February. The 800,000-square-foot facility will serve as the auto parts company’s East Coast distribution operation. Based in Memphis, Tennessee, AutoZone has more[...]
Google to buy Reston cybersecurity firm for $5.4B
Reston-based cybersecurity firm Mandiant Inc. has entered into an agreement to be acquired by Google LLC in an all-cash transaction valued at $5.4 billion, Mandiant and Google announced Tuesday. Google will pay $23 per share for Mandiant, and when the deal closes, Mandiant will join Google Cloud. The deal is expected to close late[...]
A dramatic shift
Four years ago, no one would have guessed Gov. Ralph Northam would lead the most progressive Virginia administration in modern memory. A native of Onancock on Virginia’s Eastern Shore, as well as a pediatric neurologist and Army veteran, Virginia’s 73rd governor was eyed by some Democrats with suspicion after acknowledging he’d vote[...]
Applied research
History and academic prestige spring to mind when people mention William & Mary, the second-oldest university in the United States, created when its British monarch namesakes signed its charter nearly 329 years ago. However, “research” is not necessarily the first thing that comes to mind when people think about the public ivy i[...]
Media matters
It’s hard to have a conversation about anything in the headlines, especially anything to do with technology or politics, without some blame being assigned to “the media,” as if there were one enormous unified communications cloud shaping all our collective thoughts. That would be enormous for certain, but the media is perhaps more co[...]
Hot property
Richmond real estate developer Andrew Basham's company, Spy Rock Real Estate, owns so many properties within Scott’s Addition that local business owners jokingly refer to the neighborhood as “Andrew’s Addition.” As the area has become Richmond’s hottest neighborhood — literally and figuratively — Basham and his business partners at[...]
100 People to Meet in 2022: Innovators
Representing industries ranging from retail and fitness to tech and biosciences, these creative, visionary trendsetters and entrepreneurs keep the Old Dominion new and relevant. Lisa Alcindor Program element monitor, U.S. Air Force Alexandria Lisa Alcindor starts rapping in the middle of the Pentagon’s courty[...]
The Motley Fool hires chief diversity and inclusion officer
Alexandria-based financial services company The Motley Fool Holdings Inc. has hired its first chief diversity and inclusion officer, the company announced Wednesday. Rachel Williams joined the company on Nov. 12. She will work on recruiting, leadership development, employee engagement and retention. Her focus will also include adv[...]
Custom Ink acquires corporate swag platform
Fairfax County-based online custom apparel company CustomInk LLC announced Monday that it had acquired New York City-based Swag.com, a platform for corporate swag and gifting. Financial terms of the transaction were not disclosed. "With Swag.com, we'll help organizers and organizations meet the really important need of sustaini[...]
