Colonial Williamsburg to reopen on limited basis June 14
Some of its historic sites will open at limited capacities June 14
The Colonial Williamsburg Foundation announced Friday that it will open for limited public programming at some of its historic sites on June 14 while the state moves into Phase 2 of Gov. Ralph Northam’s “Forward Virginia” plan. “We are eager to welcome employees and guests back to Colonial Williamsburg, but reopening our public sites requires
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Charlottesville energy companies move toward merger
Tiger Fuel Co. acquired 40% of the shares of Altenergy Inc.
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Charlottesville-based energy company Tiger Fuel Co. announced Friday it has acquired 40% of the shares of Altenergy Inc., which is also based in Charlottesville — a first step in the acquisition of Altenergy to be completed in March 2021. “Altenergy and Tiger share a common commitment to doing the right thing for our customers, our
Altria to donate $5M to social justice nonprofits, businesses
Altria's black employee resource group will select recipient organizations
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Henrico County-based Fortune 500 tobacco manufacturer Altria Group Inc. announced Friday that it will donate $5 million to national and local organizations that address systematic racism and small businesses that have been affected by vandalism associated with recent protests and rioting. “These are difficult times, and we must find ways to embrace our differences, address
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Arlington tech company wins $1.5B contract
CACI International Inc. will support National Geospatial-Intelligence Agency
Published
Arlington-based federal technology contractor CACI International Inc. announced Thursday it has won a $1.5 billion contract to provide networking and cybersecurity services for the National Geospatial-Intelligence Agency (NGA). “This record award demonstrates CACI is delivering on its strategy to win larger, more enduring contracts,” CACI President and CEO John Mengucci said in a statement. “It
Leidos lands contract worth $401M
Reston contractor will provide IT services to Defense Intelligence Agency
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Reston-based federal contractor Leidos announced Thursday it has won a contract worth $401 million, if all options are exercised, to provide information technology operations and maintenance support to the Defense Intelligence Agency (DIA). “This award is a true testament to our strong capabilities and proven performance working with the Department of Defense and Intelligence Community,”
Dominion commits $5M to social justice nonprofits, businesses
Funding will be distributed within Dominion Energy's 20-state footprint
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As protests over the killing of George Floyd by a police officer in Minneapolis have spread into a nationwide movement against systemic racism and injustice, the Dominion Energy Charitable Foundation announced Thursday that it will donate $5 million to nonprofits and minority-owned and small businesses within Dominion Energy Inc.’s 20-state footprint. Of the $5 million
Suburban businesses board up windows amid protest climate
Retailers in Henrico, Chesterfield worried about protests reaching suburbs
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As rumors — some false — circulated on social media that heated racial-justice protests like those seen in Richmond might turn to the suburbs, several businesses in suburban Henrico and Chesterfield counties boarded up store windows out of apparent concern for potential looting and vandalism that didn’t materialize. Flyers circulated via Twitter on Tuesday indicating
Governor: Lee monument must come down ASAP
Department of General Services to take down Monument Ave. statue "as soon as possible"
Published
“I am directing the Department of General Services to remove the statue of Robert E. Lee as soon as possible,” Gov. Ralph Northam declared at a news conference Thursday, flanked by a Lee descendant, the Rev. Robert W. Lee IV, and Richmond Mayor Levar Stoney. “It was wrong then, and it is wrong now, so
Nearly 400K Virginians remain unemployed
43M Americans unemployed; initial claims drop
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Nearly 400,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims in the commonwealth continues to decrease. About 31,000 Virginians filed initial claims for unemployment last week, down from roughly 49,000 the prior week, according to the Virginia Employment Commission (VEC). The state’s weekly unemployment numbers
PeakLogix to be acquired by Michigan company
Chesterfield company specializes in warehouse automation and storage systems
Published
Chesterfield County-based PeakLogix, a national material handling systems integrator, has entered into a definitive agreement to be acquired by Michigan-based Alta Equipment Group Inc. Terms of the acquisition were not disclosed. Located in Midlothian, PeakLogix specializes in the design and installation of warehouse automation and storage systems. The company generated approximately $25 million in revenue
Governor, Richmond mayor aim to remove Confederate monuments
Northam expected to order imminent removal of Lee Monument
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In the wake of protests in the city of Richmond, Mayor Levar Stoney announced Wednesday afternoon that he and City Council member Mike Jones will put forward an ordinance July 1 to remove all Confederate monuments on Monument Avenue. The statuary, which has drawn large numbers of protesters — including some from other states —
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Henrico real estate firm names chief strategy, investment officer
Whitson Huffman was promoted at Capital Square
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Glen Allen-based real estate investment company Capital Square announced Thursday it has promoted Whitson Huffman as its chief strategy and investment officer. He was previously the company’s senior vice president and head of acquisitions. In his new role, Huffman will oversee investments including 1031 exchanges, opportunity zone funds and private placement offerings. Before his time
Freddie Mac names new CFO
Chris Lown was previously CFO at Navient Corp.
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Tysons-based Freddie Mac announced that Christian M. Lown will become the Fortune 500 company’s executive vice president and chief financial officer, effective June 15. Previously the executive vice president and CFO for Navient Corp., Lown succeeds interim CFO Donald F. Kish, who will continue serving as Freddie Mac’s senior vice president, corporate controller and principal
Arlington government contractor names chairman
Former Deputy Defense Secretary Robert Work will chair Govini's board
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Arlington-based federal contractor Govini announced Monday that former Deputy Secretary of Defense Robert O. Work has been elected as chairman of its board of directors. Work served as the 32nd deputy defense secretary from 2014 to 2017. He was under secretary of the Navy, the service’s second-highest ranking civilian position, from 2009 to 2013 and
McLean telecom CEO steps down
Richard D. Calder had been with GTT Communications Inc. since 2007.
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Richard D. Calder, president and CEO of McLean-based telecommunications company GTT Communications Inc., left the company on Monday, June 1. He had been the president and CEO since 2007. “We appreciate the many accomplishments Rick has achieved since joining GTT as CEO in May 2007 over 13 years ago,” H. Brian Thompson, GTT executive chairman,
Opinion
Opinion: How we can avoid the next health care supply shortage — essential generic medicines
Phlow Corp. co-founders, VCU dean discuss prescription drug shortage solutions
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Amid the COVID-19 crisis, America is witnessing something many of us once thought impossible: critical shortages of health care supplies. Doctors are devising ways to make one ventilator serve two patients, and citizens are sewing protective masks for donation to local hospitals. While this kind of American resourcefulness is uplifting, it is a situation that
A shining light
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Welcome to the 2020 Virginia Maritime Guide! This annual publication is distributed to business readers statewide. It highlights the important contributions made by the maritime, distribution center and logistics industries to the economy of Virginia. It also serves as a valuable resource, including information on the companies and organizations serving these industries. Over the past
Setting the rules of the game
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In mid-March, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, and two weeks later, on April 3, the Steven Mnuchin-led U.S. Department of Treasury finalized its plan to provide emergency loans to small businesses. This extraordinary action signaled a dramatic break from contemporary politics. The presumed correlation between capitalism and democracy was
COVID-19: Y2K or Walking Dead?
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A hungover partier wakes up amid the flotsam of the previous night’s New Year’s Eve bash, dons his Nikes and heads into the streets for a jog. It’s Saturday morning, Jan. 1, 2000. He’s in the zone, totally oblivious to the chaos erupting around him, ranging from armed troops marching the streets to cash-spitting ATMs