Latest Story
Northam announces $292.5M revenue windfall
$112.3M must go to the 'rainy day fund'
A mid-session revised revenue forecast has resulted in the state government projecting a windfall of $292.5 million in additional revenues for fiscal year 2020, which ends on June 30, Gov. Ralph Northam said in a letter on Friday to the General Assembly Money Committees. According to state statute, $112.3 million of that $292.5 million is
More Stories
Warner, Kaine announce nearly $95 million for Va. affordable housing
The funding comes from four programs through HUD.
Nearly $95 million in federal funding has been earmarked for affordable housing in Virginia, U.S. Sens. Mark R. Warner, D-Virginia, and Tim Kaine, D-Virginia, announced Friday. The funding comes from the U.S. Department of Housing and Urban Development through four grant programs, including the Community Development Block Grant (CDBG) program, the HOME Investment Partnerships (HOME)
Analysis: 1,000+ Democrat-backed bills pass by crossover
Republican tally trails
RICHMOND, Va. — A record number of bills passed in the House of Delegates ahead of the “crossover” deadline, considered the halfway point in the session when a bill has to pass its chamber or it dies. Democrat-led efforts like marijuana decriminalization, removal of war memorials, and an assault weapons ban squeezed past in the
Advertisement
General Assembly snuffs marijuana legalization hopes for now
‘To legalize it now would not be good,’ says House Majority Leader Charniele Herring.
RICHMOND, Va. — Going into the 2020 legislative session, advocates say Democratic leaders had an ambitious marijuana reform agenda. By crossover day, several decriminalization bills passed their respective chambers, but hopes of legalization went up in smoke. Lawmakers, who say that the state isn’t ready for legalization yet, advanced decriminalization bills, incorporated a bulk of
Three-building office portfolio in Chesapeake sells for $8.4M
The property is located in the Greenbrier submarket.
Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Development Co. The property at Volvo Parkway was 95% occupied at the time
McLean defense contractor wins $248M Navy contract
Alion will develop and engineer advanced warrior training.
McLean-based defense contractor Alion Science and Technology Corp. was awarded a $248 million Navy contract, the company announced Thursday. The contract is for the Navy Continuous Training Environment (NCTE) for architecture development. Alion will provide research, development and engineering to develop architecture for advanced warrior training at Fleet Warfighting and Training Commands. “It is imperative
NoVa tech companies selected for $159 million Air Force contract
MicroTech and Agile Defense will work together on IT, communications support project
Vienna-based information technology company MicroTechnologies LLC and Reston-based Agile Defense Inc. have been awarded a $159 million Air Force contract to provide communications support, the companies announced Thursday. The task order was awarded by the U.S. Air Forces Central Command (AFCENT) Combined Air and Space Operations Center (CAOC). “We look forward to working alongside Agile
Reston-based IndraSoft promotes exec to chief growth officer
John Luongo has been with the company since 2018 as VP of growth and strategy.
Reston-based software company IndraSoft Inc. promoted John Luongo to chief growth officer, the company announced Thursday. Luongo joined the company in 2018 and was the vice president of growth and strategy. In his previous role and new role, he will focus on business development and corporate strategy. Before his time at IndraSoft, Luongo worked for
VCU receives $2.5M grant to extend battery life development
Research could extend the life of lithium-ion batteries commonly used in smartphones and other devices
Virginia Commonwealth University researchers will receive a $2.5 million research grant from the U.S. Department of Energy (DOE) to develop long-lasting rechargeable batteries, the university announced Thursday. VCU researchers believe they can significantly extend battery life, drive down costs and reduce safety risks by redesigning materials found in lithium-ion batteries, which are commonly used to
VHDA gives Alexandria apartment complex $83M mortgage loan
Investment is first in state deal with Amazon on affordable housing.
The Virginia Housing Development Authority has given a nearly $83 million mortgage loan to Parkstone Alexandria, an apartment community near Amazon.com Inc.’s incoming HQ2, to support its conversion to affordable housing, Gov. Ralph Northam announced Thursday. The loan is in addition to a $5 million VHDA grant announced earlier. Last month, the Alexandria Housing Development