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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[...]
FOR THE RECORD NOVEMBER 2022
CENTRAL VIRGINIA Richmond Community Hospital — owned by Bon Secours Mercy Health — has the highest profit margins of any hospital in Virginia, generating as much as $100 million a year. The secret to its success lies with a federal program that allows clinics in impoverished neighborhoods to buy prescription drugs at steep discount[...]
Pharrell’s Mighty Dream forum coming to Norfolk Nov. 1-3
Executives from Google, H&M, Universal Music Group, Yelp and McDonald's will join Grammy winner Pharrell Williams Nov. 1-3 in Norfolk for his Mighty Dream forum, a sequel to last fall's Elephant in the Room event. Along with panel discussions and networking events focused on making work and business opportunities more equitabl[...]
For The Record: October 2022
CENTRAL VIRGINIA Fortune 500 used car online retailer Carvana Co. is more than halfway to its 400-employee hiring goal for its $25 million, 191,000-square-foot Chesterfield County inspection center, General Manager Robert Sheets said in August at the center’s ribbon cutting. Carvana has hired 240 employees and expects to reach 400 w[...]
Google Public Sector taps Booz Allen exec as CEO
Karen Dahut will be the CEO of Google Public Sector, Google LLC's subsidiary focused on government and educational contracting work. Dahut starts Oct. 31 and will be based out of Google's Washington, D.C., and Reston offices, according to a news release. She takes the place of Will Grannis, Google Public Sector's founding CEO, who[...]
Google completes $5.4B Mandiant acquisition
Google LLC has completed its acquisition of Reston-based cybersecurity company Mandiant Inc. in an all-cash transaction valued at $5.4 billion. Google is paying $23 per share for Mandiant, which is joining Google Cloud while retaining its branding. The companies announced the deal in March. Together, Google Cloud and Mandiant w[...]
2022 Virginia 500: Federal Contractors | Technology
CRAIG P. ABOD PRESIDENT, CARAHSOFT TECHNOLOGY CORP., RESTON REGGIE AGGARWAL FOUNDER AND CEO, CVENT HOLDING CORP., McLEAN MAHFUZ AHMED CHAIRMAN, CEO AND PRINCIPAL FOUNDER, DIGITAL INTELLIGENCE SYSTEMS LLC (DISYS), McLEAN R[...]
Real Estate: JEFFREY S. ‘JEFF’ DETWILER
Detwiler guides Long & Foster’s seven business lines: real estate, property management, mortgage, settlement services, insurance, corporate real estate services and new development real estate sales and marketing. Long & Foster has 2,506 total employees, 869 of whom are in Virginia, and reported revenue of $1.58 billion in f[...]
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[...]
