Banking on bitcoin
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While MicroStrategy may be hogging the bitcoin limelight lately, two other Virginia companies recently made their entrances onto the cryptocurrency stage. On Feb. 3, Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced that its customers are now able to purchase and redeem bitcoin at its ATMs, making it the
The Prophet
MicroStrategy’s Michael Saylor preaches the bitcoin gospel. Will his $2.2 billion gambit reap a heavenly reward?
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When Michael Saylor was a younger man, his good looks and cocky attitude drew comparisons to Tom Cruise. And like Capt. Pete “Maverick” Mitchell, Cruise’s flying ace of “Top Gun” fame, Saylor is returning to screens everywhere after a decades long hiatus. Just over 20 years ago, Saylor was Northern Virginia’s premier hotshot tech exec.
Cavalier Resort takes shape in Virginia Beach
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In 1975, Bruce Thompson was the night watchman and grass cutter at Virginia Beach’s Cavalier Hotel. Today, he’s transforming the hotel and its 21 surrounding acres into a major mid-Atlantic resort. Built in 1927, the Cavalier at various times hosted luminaries like F. Scott Fitzgerald, Muhammad Ali and every president from Harry S. Truman through
Hampton Roads multifamily portfolio sells for undisclosed amount
Acquisition includes 856 units
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In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921
Ashburn-based CIS acquired by Indiana private equity firm
Company provides tech for intelligence and law enforcement
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On April 20, Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Co. Inc. (HKW) announced that it had acquired Ashburn-based technology company CIS Secure Computing Inc. (CIS) from Oklahoma City-based Acorn Growth Cos. LLC. The financial terms of the transaction were not disclosed. CIS is a provider of secure and customized communications technologies that help
Danville chamber announces winners of first pitch competition
Four businesses awarded a total of $50k to open or expand
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On Monday, the Danville Pittsylvania County Chamber of Commerce announced it had awarded four businesses a total of $50,000 in order to open or expand in Danville and Pittsylvania County as part of the chamber’s new entrepreneurship competition. Called Rev Up Danville Pittsylvania, the entrepreneurship pitch competition was based on the River District Association’s Dream
Chantilly-based VTG awarded $116M defense contract
Engineering firm to provide services to Naval Information Warfare Center Pacific
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Chantilly-based engineering firm VTG announced Tuesday that it has been awarded a $116 million, five-year contract from the Naval Information Warfare Center Pacific (NIWC-PAC) to provide C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) engineering and production services to the center’s Network Integration Engineering Facility (NIEF). The NIWC-PAC NIEF, located at San Diego’s Naval
LewisGale to open standalone ER in Roanoke
24-hour facility expected to open January 2022
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On Monday, LewisGale Regional Health System held a groundbreaking ceremony for a new freestanding emergency room in Roanoke. Located at 1423 West Ruritan Road, the nearly 10,000-square-foot facility will be named LewisGale Medical Center Blue Hills ER and be staffed with board-certified emergency room physicians and nurses 24 hours a day, 365 days a year.
Norfolk Southern names new VP of government relations
Frank Voyack to succeed Marque Ledoux
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Norfolk-based Norfolk Southern Corp. announced on Tuesday that its board of directors has elected Frank Voyack as the company’s vice president of government relations, effective May 1. Voyack succeeds Marque Ledoux, who is retiring after 18 years with the Fortune 500 freight railroad. In his new role, Voyack will lead Norfolk Southern’s efforts in Washington,
State litter tax rate, penalty increase go into effect May 1
Change is result of 2020 General Assembly session
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Rate increases and a large additional penalty for late payments for the state’s litter tax will go into effect for Virginian business owners on May 1. The changes, a result of legislation from the 2020 General Assembly session, are as follows: – The litter tax payment will increase up to $20 per business establishment. –