U.Va. commerce alum donates $10M for scholarships
University to match gift with $10M
A University of Virginia alumnus, John Connaughton, and his wife, Stephanie, have donated $10 million to fund need-based undergraduate scholarships for McIntire School of Commerce students, the university announced Thursday.
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Youngkin announces $8.1M in GO Virginia grants
17 projects include funding to study small modular reactors
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A variety of projects around the state intended to spur economic and workforce development will get a boost from $8.1 million in state GO Virginia grants, Gov. Glenn Youngkin announced
Va. labor market stayed strong in February
Commonwealth had net gain of 3,200 jobs
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Virginia’s labor market remained strong in February, although growth is slowing, according to employment data from the Federal Reserve Bank of Richmond. Virginia had a net gain of 3,200 jobs
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ASRC Federal to pay $350M for SAIC’s logistics biz
240 SAIC employees will move to ASRC Federal
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Reston-based Science Applications International Corp. (SAIC) has agreed to sell its logistics and supply chain management business to Reston-based ASRC Federal Holding Company LLC for $350 million in cash, both
Va. home sales down 20% from a year ago
February marked 15th consecutive month of declining sales
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Virginia home sales were down 20.3% in February compared with the same month last year, marking the 15th consecutive month of declining sales, according to a Virginia Realtors report released
GDIT lands $1.8B Army flight sim contract
Falls Church contractor to provide services through March 2035
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Falls Church-based General Dynamics Information Technology Inc. will provide flight simulation training services to the Army under a nearly $1.8 billion contract announced, the Pentagon announced Thursday. Work is estimated
Capital Square launches subsidiary to oversee multifamily portfolio
Capital Square Living will manage 55 communities in Southeast and Texas
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Glen Allen-based real estate company Capital Square has launched a wholly-owned subsidiary to oversee management of the company’s multifamily portfolio, the company announced March 20. Capital Square Living will oversee
Graham to be chair emeritus of Graham Holdings
Former Xerox CEO Anne Mulcahy to chair Arlington media conglomerate
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Donald E. Graham, majority owner of Arlington County-based Graham Holdings Co. and former publisher of The Washington Post, announced Thursday he would step down as chairman of Graham Holdings, although
GDIT lands EPA contracts valued at $380M
Will support Superfund cleanup, water security efforts
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Falls Church-based General Dynamics Information Technology Inc. has received two contracts from the U.S. Environmental Protection Agency valued up to $380 million, the company announced Wednesday. GDIT will provide program
Va. hotel revenues in February up 14.9% from 2019
Most markets more than recovered from pandemic
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Hotel revenues in Virginia were 14.9% higher in February compared with pre-pandemic levels, largely because of increased room rates, according to data released Tuesday by STR Inc., a division of
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Branch Group promotes SVP to chief HR officer
Tina Pfalzgraf joined Roanoke construction firm in 2022
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Roanoke-based construction firm The Branch Group Inc. has promoted Tina Pfalzgraf to chief human resources officer, the company announced Wednesday. Pflazgraf previously served as senior vice president of human resources.
Hourigan promotes CAO to construction president
Bryan Jones joined Hourigan in 2016
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Richmond-based construction and development firm Hourigan Group has promoted Bryan Jones to head its construction division, the company announced Tuesday. Jones joined Hourigan in 2016 and served as chief administrative
Layne, Perry named to TowneBank corporate board
Two execs to also serve on regional boards
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Suffolk-based TowneBank has named Aubrey L. Layne Jr., executive vice president of governance and external affairs for Sentara Healthcare, and Suburban Capital founder and CEO Christopher Perry to its corporate
River District Association gives leader a title upgrade
Diana L. Schwartz is now CEO of Danville downtown booster
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Diana L. Schwartz’s title is changing from executive director to CEO of the River District Association, the Danville downtown revitalization association announced Monday. The title more accurately reflects her role,
Opinion
A library of business intelligence
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Admittedly, many of my personal business memories start from more than just a short while ago — pre-internet days to say the least. Now that everything is online, we don’t
Business climate change
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It’s no secret that the COVID-19 pandemic brought about a revolution in how workers and businesses think about where, when and how we work. And that change is fully reflected
Tax cuts are the way to grow
State should refund surplus to families, businesses
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Virginia’s finances are in excellent shape, paving the way for the General Assembly to agree with Gov. Glenn Youngkin that it’s time to cut taxes in the commonwealth. It’s your
Reimagining the corporation
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Welcome to the New Year! 2023 is a new one indeed. Business as usual isn’t so usual anymore. Tech companies are downsizing faster than local daily newspapers. Starbucks baristas are