Arlington- and Boston-based machine learning developer Carbon Relay received a $63 million investment from New York City-based venture capital and private equity firm Insight Partners, the companies announced Wednesday. Carbon Relay will use the investment to grow its Red Sky Ops platform for optimizing application performance in Kubernetes environments. Kubernetes — originally developed by Google
This will create 150 jobs, paying a minimum wage of $15/hour
Seattle-based Amazon.com Inc. — which is building its $2.5 billion HQ2 East Coast headquarters in Arlington — will open a fulfillment center for its AmazonBasics line in Prince George County by the end of the year, creating 150 jobs, Gov. Ralph Northam announced Wednesday. The fulfillment center will open in the former 798,000-square-foot Ace Hardware
Students will learn robotic process automation technologies.
New York City-based software developer UiPath has donated $16.4 million in software licenses to George Mason University’s School of Business for students to learn robotic process automation (RPA) technologies, the university announced Wednesday. RPA configures computer software for users to integrate human interaction actions in digital systems for business processes. With RPA, robots can capture
Gov. Northam expected to sign bill into law.
RICHMOND, Va. — The state Senate voted Tuesday in favor of a bill that would prohibit holding a phone while driving a motor vehicle on Virginia roadways and which implements a penalty for the traffic violation. House Bill 874 will head to the desk of Gov. Ralph Northam, who has voiced support for prohibiting the
Moody’s designates it as a second-to-highest creditworthy entity.
Moody’s Investors Services upgraded the city of Richmond’s general obligation debt rating to Aa1, its second-to-highest creditworthiness rating, Richmond Mayor Levar Stoney announced Tuesday. A city’s credit rating determines the amount that a locality may borrow for capital projects, including schools. The city has not received an upgrade since 2014. With this change in rating,
Reston-based software firm Carahsoft is latest to earn certification in program that connects veterans to workforce
Reston-based computer software company Carahsoft Technology is the 1,000th employer to earn certification from the state government’s Virginia Values Veterans (V3) program, Gov. Ralph Northam announced Tuesday. Administered by the Department of Veterans Services, the V3 program is designed to connect Virginia veterans to the workforce, assisting with recruiting, hiring, training and retaining military veterans
Legislation closes loophole in federal law, extending protection for management-level employees
For employees who are pregnant or lactating, their workers’ rights are sometimes viewed as vague and can be difficult to discern for them and business owners alike. In Virginia, Sen. Jennifer McClellan, D-Richmond, hopes to clear things up once and for all. Her bill, SB712, is designed to expand upon the federal law that protects
Eighty-five employees will be eligible to transfer
Norfolk-based Norfolk Southern Corp. (NS) is moving its Roanoke distribution center and locomotive shop operations to Pennsylvania, the company announced Tuesday, affecting a total of 104 employees in the Roanoke Valley area. The Fortune 500 rail transportation company will move those jobs and its associated work to Altoona, Pennsylvania, with 19 clerical positions eliminated. Roanoke’s
School systems and universities were allocated up to $150K each.
More than $1.3 million in state grants will go toward preparing students for Virginia’s Computer Science Standards of Learning tests, Gov. Ralph Northam announced Monday. The funding will be used for teacher professional development, computer science curriculum creation, instructional resources, assessments, programming and work opportunities. Underserved populations will receive priority when grants are awarded, Northam
Rescheduled three times, craft is set to deliver 8,000 pounds of cargo.
The 13th cargo resupply mission (NG-13) took off Saturday afternoon from Wallops Island in Accomack County to the International Space Station (ISS). The spacecraft will deliver more than 8,000 pounds of cargo to the space station, Gov. Ralph Northam said. The Virginia Commercial Space Flight Authority, NASA Wallops Flight Facility and Falls Church-based defense contractor Northrop
John Luongo has been with the company since 2018 as VP of growth and strategy.
Reston-based software company IndraSoft Inc. promoted John Luongo to chief growth officer, the company announced Thursday. Luongo joined the company in 2018 and was the vice president of growth and strategy. In his previous role and new role, he will focus on business development and corporate strategy. Before his time at IndraSoft, Luongo worked for
Ryan Ogden and Jared Emery will lead the division.
Rockville, Maryland-based commercial real estate firm Edge — which has an office in Tysons — named Ryan Ogden and Jared Emery as partners to found the company’s multifamily capital markets group, the firm announced Tuesday. The division will be located at the firm’s Washington, D.C. office. Ogden most recently was senior managing director at the New York
Draper Aden Associates has six locations in Virginia.
Henrico County-based civil engineering firm Draper Aden Associates (DAA) promoted Sri Nathella as a principal at their Blacksburg location and Tyrus Clayton as a principal at their Raleigh, North Carolina, location, the company announced Tuesday. Nathella has 29 years of experience, 25 of which have been at DAA in environmental engineering and he leads the
Peter Leto was Google's head of industry for automotive retail sales.
Herndon-based automotive tech and consulting company Foundation Direct has named Peter Leto as CEO, the company announced Monday. Leto previously worked as head of industry for Google LLC’s Automotive Retail Sales and General Motors business units. Based in Detroit, Leto will work on expanding Foundation Direct’s footprint there. Leto was with Google for 11 years.
What if they held a recession and no one showed up? Last summer, economic experts began ringing warning bells of an impending downturn, as evidenced by an inverted yield curve of short-term Treasury bills vs. long-term Treasury notes. And when one combined the inverted yield rate, said to be perhaps the most accurate predictor of
Gov. Northam's Get Skilled, Get a Job, Give Back initiative will create educational and career opportunities for low- and middle-income families
This session, General Assembly members are considering a proposal that would help close the commonwealth’s skills gap by providing workforce scholarships to individuals without access to the community college education required to gain these skills. This proposal is a win-win-win: assisting students, growing businesses and developing our communities. We are describing Governor Ralph Northam’s “Get
Roanoke College survey finds increase in consumer positivity
Are you thinking about making a move this year? Whether buying a first home, upgrading or downsizing, Virginians are entering 2020 with a positive outlook on the real estate market. According to a December 2019 real estate report by Roanoke College, almost 40% more respondents are positive about markets today compared to the same time
U.S. Sen. Tim Kaine has “a little window” into what it looks like when the balance of power shifts in a Virginia legislative body. He was Virginia’s governor in 2007 when Democrats took control of the state Senate. That wasn’t nearly as seismic a change as Virginians will witness this General Assembly session when Democrats