University of Richmond names new president
Kevin F. Hallock to replace Ronald A. Crutcher
The University of Richmond announced Thursday its next president will be Kevin F. Hallock, who currently serves as dean and professor of strategy and business economics at Cornell University’s SC Johnson College of Business. He will succeed Ronald A. Crutcher, who in September 2020 asked the board of trustees to begin a search for his
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Germany-based workforce tech developer buys Vienna AR developer
TeamViewer buys Upskill
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TeamViewer, a German workforce technology developer, announced Tuesday it has acquired Vienna-based augmented reality software developer Upskill. Financial terms of the transaction were not disclosed. Founded in 2010, Upskill provides technology that uses smart glasses and handheld devices to help manufacturing, inspection and auditing workers for customers including The Boeing Co. and Merck & Co.
Tempur Sealy to invest $16.7M in Scott County manufacturing facility
Expansion expected to create 25 jobs
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Bedding product designer, manufacturer and distributor Tempur Sealy International Inc. will invest $16.7 million to expand its Scott County operation, creating 25 jobs, Gov. Ralph Northam announced Thursday. “Southwest Virginia has been an ideal base of operations for Tempur Sealy for nearly 20 years because of the region’s proximity to major interstates and access to
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Jobless claims stayed flat last week in Va.
Nearly 64K Virginians remain unemployed a year after pandemic hit state
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As the state approaches the one-year anniversary of the COVID-19 pandemic’s presence here, initial jobless claims remained essentially unchanged from the previous week, according to figures released Thursday by the Virginia Employment Commission. Continued claims fell slightly. During the week ending Feb. 27, 12,155 Virginians filed initial unemployment claims, compared to 11,944 from the week
KeyBank parent company to buy McLean data firm
KeyCorp to acquire AQN Strategies LLC
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Cleveland, Ohio-based financial services company KeyCorp announced Tuesday it will acquire McLean-based AQN Strategies LLC, a data and analytics firm focused on financial services established by Ben Sabloff and Nigel Morris, co-founder of Capital One and fintech venture capital firm QED Investors. Financial terms of the transaction were not disclosed. Sabloff will serve as KeyCorp’s
Prince William company to expand manufacturing of COVID-19 test products
Ceres Nanosciences Inc. to create 50 jobs
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Prince William County-based Ceres Nanosciences Inc. will increase manufacturing of its reagent product used in COVID-19 tests, Gov. Ralph Northam announced Wednesday. The project will create 50 jobs in engineering, advanced manufacturing and materials science during the next three years. “This expansion will enable Ceres Nanosciences to vastly increase production of its patented technology to
90K Johnson & Johnson shots arriving in Va. this week
Avula expects all of group 1b to have access to a COVID-19 vaccine by end of April
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More than 90,000 Johnson & Johnson COVID-19 vaccine doses are arriving in Virginia now through Thursday, the state vaccine coordinator said Wednesday afternoon. According to Dr. Danny Avula, 69,000 doses of the one-shot vaccine are heading to local health districts, and retail pharmacies will receive 22,000 doses, which will be administered from Friday through early
Virginia becomes 10th state to pass domestic worker protections
Legislation will affect around 60,000 workers in Virginia
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RICHMOND, Va. — The Virginia General Assembly passed multiple bills providing protections and benefits for the state’s domestic workers. House Bill 2032, introduced by Del.Wendy Gooditis, D-Clarke, extends employee protection laws to domestic service workers that allows them to file complaints regarding workplace safety. The Commission of Labor and Industry would investigate such claims. Domestic
Dominion joins initiative to create electric vehicle charging network
Newly announced Electric Highway Coalition aims to expand travel options for electric vehicle drivers
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Dominion Energy Inc. and five other major utilities announced a plan Tuesday to create a network of charging stations for electric vehicles across major highway systems stretching from Washington, D.C., to Chicago to West Texas and the Florida Heartland. The newly announced Electric Highway Coalition — made up of American Electric Power, Dominion, Duke Energy
Vienna systems integrator acquires Herndon software company
Criterion Systems buys Realm Consulting
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Vienna-based systems integrator Criterion Systems announced Tuesday it has acquired Herndon-based software company Realm Consulting. Financial terms of the transaction were not disclosed. Under the acquisition, Realm will operate as a wholly owned subsidiary of Criterion. Founded in 2005, Criterion provides cybersecurity, cloud/data center management, IT infrastructure operations and systems engineering services to the federal
Alion wins $89M Air Force task order
McLean-based contractor to provide engineering, R&D services
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The U.S. Air Force awarded McLean-based defense contractor Alion Science and Technology Corp. an $89 million task order to provide engineering, research and development and test and evaluation services, the company announced Friday. Under the task order, Alion will focus on software and data integration, coordination, knowledge management and information sharing of systems and subsystems
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Avantus Federal names new board member
Former Engility CEO Lynn Dugle joins McLean defense contractor's board
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Avantus Federal, a McLean-based IT defense contractor, announced Tuesday it has appointed former Engility CEO Lynn Dugle to its board of directors. Dugle was chairman and CEO of Chantilly-based Engility before its 2019 acquisition by Reston-based Science Applications International Corp. During her career, she also served in several executive leadership positions with Raytheon. Dugle earned
Capital Square names chief technology officer
Jeffrey Blount to expand Henrico real estate company's tech rollout
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Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. “Jeff, who built Capital Square’s technology systems from the ground up
Va. Tech Transportation Institute director to step down
Tom Dingus to return to faculty after 25 years in position
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Tom Dingus, the director of the Virginia Tech Transportation Institute (VTTI) for the past 25 years, will step down from his position and return to the faculty, the university announced Monday. The endowed professor has been a driver safety researcher for the past 35 years and has had a keen focus on autonomous technologies for
Capital One taps new board members from Facebook, Nike
Ime Archibong and Craig Williams appointed to join McLean-based bank's board
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McLean-based Capital One Financial Corp. announced Tuesday the addition of two new members to its board of directors: Ime Archibong, head of new product experimentation at Facebook Inc., and Craig Williams, president of Jordan Brand at Nike Inc. Archibong and Williams have been appointed to fill two new seats on the board, and will stand
Opinion
35 years of storytelling
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My favorite day every month comes when a new issue of Virginia Business lands on my desk. Each magazine tracks emerging economic trends and the ongoing evolution of business leadership in the commonwealth. But for me, the impact is much more than just a good read about important business topics. Each issue of this magazine
The Mailroom: Day of reckoning
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In December, Virginia Business kindly published my letter calling for bipartisan cooperation to seek solutions to key issues facing the commonwealth — COVID, preparing our future workforce, universal broadband and providing better public safety services. I also said business leaders must demand that those seeking political office in 2021 should articulate how they will rise
A moment for change
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Growing up in 1960s and ’70s Virginia, racism was always present, in forms direct and subtle. Each experience carried a message: to “know your place” and stay there. During my years as a student at Dinwiddie County High School, I remember being in the crowd when we hosted majority-Black Petersburg High School for a football
5 ways Va. can put people back to work and transform higher education
Common-sense policy reforms and investments in community colleges will support economic recovery efforts
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It’s tempting these days to believe that once COVID-19 is contained, the U.S. economy will bounce back quickly, replenishing jobs and incomes lost in the pandemic. Yet there are early warning signs that when the labor market fully reopens, some high-demand jobs may be hard to fill even with millions of Americans looking for work.