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2023 Virginia 500: Federal Contractors | Technology
Craig P. Abod PRESIDENT AND FOUNDER, CARAHSOFT TECHNOLOGY, RESTON Reggie Aggarwal FOUNDER AND CEO, CVENT, McLEAN Mahfuz Ahmed CHAIRMAN AND CEO, DEXIAN, McLEAN Ryan Angold CEO, ADS, VIRGINIA BEACH Tom Arseneault PRESIDENT[...]
Federal Contractors | Technology 2023: JUDI DOTSON
With more than 30 years working for the Fortune 500 global management consultant, Dotson leads Booz Allen Hamilton’s national security and global defense business. In 2022, Dotson succeeded Karen Dahut, who now serves as CEO of Google’s public sector organization. Under Dotson’s leadership, Booz Allen has performed work for the U.S[...]
Arts | Entertainment | Sports 2023: PHARRELL WILLIAMS
* EDITOR’S NOTE: Since this entry was written, Williams has moved with his family to Paris, where Louis Vuitton’s corporate headquarters is located. He previously had dual homes in Virginia Beach and Miami. Williams made a worldwide splash in June when the 13-time Grammy winner debuted his first fashion collection as men’s creative[...]
Amazon HQ2 opens to high expectations
Let the tech wizardry begin: Amazon.com Inc. held the grand opening and ribbon cutting for the first phase of HQ2, the ecommerce goliath’s $2.5 billion East Coast headquarters in Arlington County, on Thursday. Dignitaries in attendance included Gov. Glenn Youngkin, Arlington County Board Chair Christian Dorsey, JBG Smith Propertie[...]
For The Record June 2023
CENTRAL VIRGINIA Henrico County-based Fortune 500 tobacco manufacturer Altria Group Inc. settled at least 6,000 state and federal lawsuits related to its stake in Juul Labs Inc. for $235 million in May. The settlements will be paid in the second quarter of 2023. Altria purchased a 35% stake in e-cigarette company Juul for $12.8 bill[...]
June 2023: Heard around Virginia
Agricultural biotech startup AgroSpheres will invest $25 million to expand in Albemarle County, creating an estimated 50 jobs, Gov. Glenn Youngkin announced May 4. The company, founded in 2016 by Payam Pourtaheri and Ameer Shakeel when they were undergraduates at the University of Virginia, will increase production at its facility at[...]
Our new AI overlords
A worker who never tires — who never needs to take a coffee break, who doesn’t get sick, who doesn’t disagree and who doesn’t have a messy home life or those pesky families that get in the way of productivity. And most importantly, a worker who doesn’t require a paycheck. For some CEOs, that’s the ultimate promise of the future bein[...]
On cloud nine
In 2007 — the same year that Apple unveiled the iPhone and Netflix introduced the idea of “streaming” movies — Buddy Rizer started aggressively targeting an industry that many of the people he worked for in Loudoun County didn’t yet fully comprehend. “It was not an easy story to tell at first,” Rizer recalls of his early years purs[...]
Hokie-hatted host
You can “take the boy out of Winchester, but I don’t think you can take Winchester out of me,” says Brian Sullivan, the anchor of CNBC’s new evening business and financial news roundup show, “Last Call.” The one-hour show, which broadcasts from CNBC’s global headquarters in New Jersey on weeknights at 7 p.m. EST, premiered March 8[...]
StartVirginia: May 2023 Heard around Virginia
Richmond-based Babylon Micro-Farms Inc. raised $8 million in a series A funding round led by VentureSouth, the company announced April 4. The money will help expand go-to-market efforts and grow the company’s client base in the U.S. and beyond. Founded in 2017, Babylon enables businesses and communities to grow produce, and its softw[...]
Tech support
With the combination of new tech businesses and older companies employing artificial intelligence and other innovations, Virginia needs lawyers who know the difference between bitcoin and blockchain. As the commonwealth becomes home to more defense contracting giants, along with Amazon.com Inc.’s HQ2, law firms and law schools are b[...]
Amazon delays construction on HQ2
Amazon.com Inc. is delaying construction on the second phase of HQ2, its $2.5 billion East Coast headquarters in Arlington County. The news comes as Amazon plans to open HQ2's first phase, Metropolitan Park, in June, and as the Fortune Global 500 tech company laid off a record 18,000+ workers amid concerns over slowing revenues an[...]
Crying wolf?
It’s “the most predicted potential recession in memory,” Federal Reserve Bank of Richmond President and CEO Tom Barkin quipped in January, but it hasn’t happened yet. Maybe. During the first half of 2022, surveys of consumers and CEOs showed they were worried about a recession coming on the heels of a 40-year peak in inflation and o[...]
Take a load off
One thing Brian Dail noticed as he spent a day and a half in February 2020 participating in step van manufacturer Morgan Olson’s new hire training in Loudon, Tennessee, was the physical strain. After the first hour, he told his colleagues, “‘Gosh, I’m not used to being on my feet. I’m ready to sit down.’” But Dail wasn’t going thr[...]
On the move
Megan Baker, economic development director, Roanoke County In October 2022, Baker was hired to step into the big shoes of Jill Loope, the county’s longtime economic development director who is set to retire in July. A North Carolina State and Indiana University graduate, Baker came to the Roanoke Valley from the Atlanta area, where[...]
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, education and skilled trad[...]
Richmond restaurant refuses service to Family Foundation
A German-inspired restaurant in Richmond canceled a reservation for a conservative political organization’s private event last week, saying in a statement posted online Thursday night that the decision was made to protect their staff, many of whom are women and/or part of the LGBTQ community. The Family Foundation, the organization t[...]
Pharrell brings Mighty Dream to Norfolk
In November, Grammy-winning music superstar Pharrell Williams hosted the three-day Mighty Dream forum in Norfolk and broke some news about his Something in the Water music festival and the status of his team’s proposal to redevelop Norfolk’s Military Circle Mall site. Mighty Dream, a sequel to his 2021 Elephant in the Room business[...]
Mighty Dream Day 1 focuses on diversity, equity
Grammy winning music superstar Pharrell Williams put on his business hat Tuesday in Norfolk, welcoming attendees to his Mighty Dream forum, which he likened to an event like the World Economic Forum in Davos, Switzerland, “but for marginalized communities.” The three-day forum kicked off with spoken-word poetry and a mighty boom o[...]
Vested interest
Eleven months into his first term in elected office, Gov. Glenn Youngkin can boast of several economic development successes and a few legislative wins, but one thing a lot of observers are discussing is his national profile and what it could mean in 2024. Youngkin — and his careful campaign to win over not only Trump fans but moder[...]
