Chase apologizes to Va. Senate ‘if I offended any one of you’; censure still in play
Democratic resolution sponsor says Chase's words "fell far short" of apology
Updated Jan. 24 In a bid to avoid becoming the first state senator censured since 1986, state Sen. Amanda Chase on Friday apologized to her Senate colleagues, saying she was sorry “if I offended any one of you.” Her words were not enough to avoid censure, the chief patron of the censure resolution said in
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Northrop Grumman lands potential $3.6B Air Force contract
Falls Church contractor to work on communications system
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The U.S. Air Force awarded Falls Church-based Northrop Grumman Corp. a potential five-year $3.6 billion contract for work on the branch’s airborne communications relay system, the Department of Defense announced Thursday. Under the contract, Northrop Grumman will perform research, development, testing, evaluation, integration, operations and sustainment services for the branch’s Battlefield Airborne Communications Node (BACN).
Former PBMares CEO named 2021 Chamber board chair
Alan Witt to lead Virginia Chamber of Commerce board
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The Virginia Chamber of Commerce on Friday elected Alan Witt, former CEO of Newport News-based accounting and consulting firm PBMares LLP, to serve as its 2021 chair of the board of directors. He succeeds 2020 Chair Paige Clay, a senior partner with Mercer. Witt has been a Virginia Chamber of Commerce board member since 2016
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Norfolk communications equipment manufacturer to create 68 jobs
Tabet Manufacturing announces $6.5M investment
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A $6.5 million expansion by Norfolk-based Tabet Manufacturing Co. will create 68 jobs in the region, Gov. Ralph Northam announced Friday. The communications equipment manufacturer will expand its operations by constructing a new manufacturing facility next to its current location at 1336 Ballentine Blvd. Tabet was founded more than 60 years ago and developed the
At 10-year mark, CarLotz goes public
Founded in Chesterfield County, CarLotz employs 70 Virginians
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Nearing its 10-year anniversary, CarLotz, a used-cars consignment company founded in Chesterfield County, went public on Friday. In October 2020, CarLotz first announced it would merge with special purpose acquisition company Miami-based Acamar Partners Acquisition Corp. — a deal that was approved by stockholders Jan. 8 and closed Friday. The company, which is valued at
Shareholders approve Blue Ridge, Bay Banks merger
Combined bank would have $1.9B in deposits
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Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday its shareholders approved the proposed merger with Richmond-based Bay Banks of Virginia Inc., the parent holding company of Virginia Commonwealth Bank. The transaction would create a bank with a pro forma total market capitalization of nearly $200 million, according to
$125M pharma manufacturing plant coming to Petersburg
Civica will manufacture COVID-19 medicines, partnering with Richmond's Phlow Corp.
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Utah-based pharmaceutical manufacturer Civica Inc. plans to invest $124.5 million to establish its North American manufacturing headquarters operation in Petersburg, creating 186 jobs and manufacturing injectable medicines for the treatment of COVID-19, the governor’s office announced Thursday. A nonprofit generic drug company, Civica was established in 2018 by a group of U.S. health systems and
Va. unemployment claims remain high, but new claims drop
Initial filings fall 25% from last week's spike
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Although the number of initial jobless claims filed last week dropped relative to the previous week, unemployment numbers remain high, according to figures released by the Virginia Employment Commission on Thursday. During the week ending Jan. 16, 21,073 Virginians filed initial claims, a 25.3% decline from the previous week, which saw 28,227 people file new
CACI International executive chairman dies at 83
J. Philip "Jack" London helmed Arlington tech contractor for 23 years
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Arlington-based federal technology contractor CACI International Inc. announced Wednesday the death of J. Philip “Jack” London, the company’s executive chairman, at age 83. He served as chairman, president and CEO of the company from 1984 to 2007 and as executive chairman since 2007. “All of us at CACI are deeply saddened by Dr. London’s passing,”
Genworth notifies employees of job cuts
Eliminations come at heels of frozen acquisition by Oceanwide
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Henrico County-based Genworth Financial Inc. has notified some employees of job cuts, a company spokesperson confirmed Wednesday. The job cuts come on the heels of the company’s Jan. 4 announcement that its planned $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. has been frozen. Company spokesperson Julie Westermann declined to share the number
Transurban names new Va. exec
Jennifer Aument to leave in February, suceeded by Pierce Coffee
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Jennifer Aument, president of Transurban’s Falls Church-based North American operations, will leave to become chief executive of AECOM’s global transportation business. Aument will be succeeded by Pierce Coffee, who currently serves as Transurban’s vice president of customer experience and operations, according to an announcement Monday from the Australian company that operates the dynamically-tolled Express Lanes
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Sentara hires supply chain exec
Jennifer McPherren joins the Norfolk-based health care system
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Norfolk-based Sentara Healthcare announced Thursday it has hired Jennifer McPherren as its vice president of supply chain, effective March 15. She succeeds Doug Farley who retired in May 2020. McPherren serves as the vice president of supply chain management and procurement services with Northwestern Memorial Healthcare in Chicago. In her new role, she will focus
Fairfax tech company names growth VP
Art Boghozian joins Pyramid Systems
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Fairfax-based tech company Pyramid Systems announced Wednesday it has hired Art Boghozian as its vice president of growth. Boghozian most recently served as the director of business development for strategic accounts for Reston-based Fortune 500 defense contractor Science Applications International Corp.’s (SAIC) National Security Group. In his new role, he will focus on the company’s
Neustar announces leadership appointments
Sterling-based tech company welcomes five to executive team
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Sterling-based identity management tech company Neustar on Jan. 15 announced five new appointments to its executive team. The appointments include: Michael Schoen, senior vice president of marketing solutions Bob McKay, senior vice president of risk solutions Jimmy Garvert, senior vice president of communications solutions Hyune Hand, senior vice president of customer success J. Martin, chief
DroneUp names chief strategy officer
Carl Smit joins Virginia Beach-based drone solutions company
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Virginia Beach-based DroneUp LLC announced Tuesday it has hired Carl Smit as its chief strategy officer. In his new role, he will advise CEO Tom Walker and DroneUp’s senior leadership team to set the strategic direction of the company and focus on growing its retail drone delivery offerings. He will also oversee corporate development including
Opinion
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.
Let’s make business cool again
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Back in my high school days, I recall longing to be one of the “cool kids.” Guys with names like Matt or Jim. This was a time of jocks and cheerleaders. I wasn’t great at sports, but I liked cheerleaders. I tried following in my older brother’s footsteps by being a yearbook photographer. Maybe I
The Mailroom
A time for unity
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Thanks for inviting me to participate in the 2020 Virginia Business Political Roundtable. It was a very stimulating and thought-provoking discussion. One loud message came through following the Nov. 3 election — America is a nation divided. The results showed that the path forward must address that divide, or we will never achieve the unity
OurView: How did it get so late so soon?
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On the subject of time, the much-beloved children’s book author Dr. Seuss once wrote, “How did it get so late so soon?” With December here, that’s an almost perfect description of 2020. How did it get so late, so soon? Most of the past 8 to 9 months have been characterized by an almost immutable