Falls Church federal contractor NetImpact Strategies names COO
Stephanie Wilson will focus on business development.
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Falls Church-based federal contractor NetImpact Strategies Inc. promoted Stephanie Wilson to the company’s newly created role of chief operating officer. Most recently, Wilson served as chief strategy officer for the company and focused on business development. She has almost 30 years of experience and has also worked for Anthem’s National Government Services federal platform and
Former Va. Dept. of Emergency Management building sells for $2.7M
The building is located near Midlothian Turnpike and Courthouse Road.
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The former headquarters of the Virginia Department of Emergency Management (VDEM) has sold for $2.7 million to Trade Court Associates LLC, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The two-story, 31,825-square-foot building is located on Trade Court near Midlothian Turnpike and Courthouse Road in Chesterfield County. It
Morgan Stanley to acquire E-Trade for $13B
E-Trade had the second highest amount of deposits in Virginia as of June 30.
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New York City-based wealth management company Morgan Stanley will acquire Arlington-based E-Trade Financial Corp. under a $13 billion definitive agreement expected to close in the fourth quarter of this year, the companies announced Thursday. E-Trade stockholders will receive 1.0432 Morgan Stanley stares for each of their E-Trade shares as a result of the acquisition, which
Arlington machine learning developer receives $63M investment
Carbon Relay will use the boost to expand its Red Sky Ops platform.
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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
Amazon to open fulfillment center in Prince George County
This will create 150 jobs, paying a minimum wage of $15/hour
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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
UiPath donates $16.4M in software licenses to GMU business school
Students will learn robotic process automation technologies.
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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
City of Richmond moves up in general obligation debt rating
Moody’s designates it as a second-to-highest creditworthy entity.
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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,
Virginia Values Veterans program certifies 1,000th employer
Reston-based software firm Carahsoft is latest to earn certification in program that connects veterans to workforce
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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
Norfolk Southern moving Roanoke distribution center, locomotive shop to Pennsylvania
Eighty-five employees will be eligible to transfer
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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
$1.3M in state funding goes to support computer science SOLs
School systems and universities were allocated up to $150K each.
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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