Metro considering $200M in spending cuts
Move could lead to service cuts, shorter hours, layoffs
Published
The Metro Board of Directors is contemplating $200 million in spending cuts to maintain a balanced budget in the event that federal CARES Act funding runs out, which could lead to service cuts, shorter hours and layoffs. On Friday, the board for the Washington Metropolitan Area Transit Authority (WMATA) voted on potential service cuts, schedule
SAIC announces restructuring, longtime executive retirement
Reston company to operate with two business lines, Jim Scanlon retires
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Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Thursday it would restructure itself along two business lines as Jim Scanlon, a longtime leader with the company and current head of SAIC’s Defense Systems Group, prepares to retire in January. Starting in the fiscal year fourth quarter, SAIC will operate under two lines
Four Va. localities earn Main Street designation
Cape Charles, Onancock, Tappahannock, Tazewell to revitalize downtown communities
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Gov. Ralph Northam announced Wednesday that the towns of Cape Charles, Onancock, Tappahannock and Tazewell have joined the Virginia Main Street Program, which, through the Department of Housing and Community Development (DHCD), provides services to strengthen downtown communities. Designated towns must participate in an application process to receive services including market analysis, marketplace development, capacity
Trustar Bank names senior adviser
Samuel A. Schreiber joins the Great Falls-based bank
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Great Falls-based Trustar Bank announced Tuesday it has hired Samuel A. Schreiber as senior adviser. Schreiber was most recently president of Chain Bridge Bank, but spent 25 years of his career with Wachovia as well as Wells Fargo after their 2008 merger. He was Washington, D.C., president and mid-Atlantic regional president with Wachovia and became
Booz Allen Foundation doles out $1M to 21 COVID-related projects
Winners received between $10K and $100K in grants
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McLean-based global management consulting company Booz Allen Hamilton Inc. announced Thursday that its foundation has awarded $1 million through the Innovation Fund it launched in May that was open to nonprofits, small businesses and individuals who had ideas for projects that could help solve COVID-19-related social problems. The 21 winners received between $10,000 and $100,000
Dewberry names VP, business development director
Jay Harper joins the Fairfax-based engineering consulting firm
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Fairfax-based engineering consulting firm Dewberry announced Wednesday it has hired Jay Harper as vice president and business development director in the company’s federal group. With more than 15 years of experience, Harper is the former senior adviser to the administrator with the Federal Emergency Management Agency (FEMA). In his new role, he will work with
Va. hotel revenues drop again
Revenues declined by 48% when compared to same week last year
Published
Following a small improvement associated with the Labor Day holiday weekend, Virginia hotels saw a steep decline in revenues last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 6 through Sept. 13, hotel revenues decreased by 48%
Reston tech company names VP civilian programs
Teena Lavu joins Electrosoft
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Reston-based tech and network security company Electrosoft announced Wednesday it has hired Teena Lavu as vice president of civilian programs. With more than 20 years of government contracting experience, Lavu was most recently the senior director of civilian services with NTT Data Services LLC. In her new role, she will oversee the customer delivery and
SAIC lands $185M Army contract
Fortune 500 federal contractor to provide utility analysis, combat development services
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The U.S. Army awarded Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) a $185 million task order to support the Decision Support Division for the U.S. Army Space and Missile Defense Command (USASMDC) in services related to space, space control, high altitude, air and missile defense and cyberspace operations, the company announced Thursday.
Va. initial jobless claims slightly drop last week
Number of ongoing claims down 50% from May 16 peak
Published
Virginia saw a slight decrease in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but the number of ongoing claims has dropped to 50% from the May 16 filing week peak, when 403,557 Virginians filed for unemployment. For the week ending Sept. 12, 10,100 Virginians filed initial claims for