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Hotel revenues down 27% for January
Industry sees slight improvement from December
Virginia hotel revenues for January 2021 were down 27% compared with January 2020, continuing the industry’s slow climb back to recovering from the economic impact of the coronavirus pandemic, according to data released Thursday from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. For the same period, rooms
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Va. GOP to hold May 8 “drive-in” convention, possibly in Lynchburg
State Central Committee rejects party-run primary proposal backed by three former governors
Published
After months of discussion and indecision, the Republican Party of Virginia’s State Central Committee elected Tuesday night to hold a May 8 “drive-in” convention — possibly around Liberty University in Lynchburg — to choose its 2021 statewide nominees for governor, attorney general and lieutenant governor. The state GOP committee conducted a three-hour, occasionally contentious public
MicroStrategy buys $1B+ in bitcoin
Tysons-based software company now has $4.5B in bitcoin holdings
Published
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it has purchased $1.026 billion of additional bitcoin, its largest single bitcoin purchase since it began acquiring the cryptocurrency last August. With this latest transaction, MicroStrategy’s total bitcoin holdings are worth approximately $4.5 billion, valued at current rates of $49,884 per bitcoin. The enterprise software company’s
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CGI Inc. awarded $137M contract to overhaul Va. procurement system
Global IT company with U.S. headquarters in Fairfax will transform eVA
Published
Global IT company CGI Inc., which has its U.S. headquarters in Fairfax, announced Tuesday it has been awarded a $137.8 million contract by the Virginia Department of General Services (DGS) to support “transformational enhancements” to the state government’s eVA online procurement system. eVA provides a centralized, online purchasing hub for state and local agencies to
HRBT tunnel boring machine’s name will be ‘Mary’
Virginia Beach school's winning entry honors 'Hidden Figures' scientist
Published
Chosen from several entries submitted by Hampton Roads area middle school students, the massive underwater tunnel boring machine (TBM) that arrives later this year to dig new tunnels for the $3.8 billion Hampton Roads Bridge-Tunnel expansion project will be named Mary, in honor of Mary Winston Jackson, a NASA scientist depicted in “Hidden Figures.” St.
Textiles startup opening Buchanan County sewing factory
Operation will be based in county industrial park building
Published
Local textiles manufacturing startup Maine Five is opening a sewing factory at Buchanan County’s Council Industrial Park building. Investing $350,000 in the 17,211-square-foot factory space, the company is immediately hiring 12 workers and has plans to employ to 100 total workers by 2026. Founded in 2020, Maine Five manufactures medical supplies, bags and field kits
UPDATED: Richmond now has six major casino proposals
Bally's, Urban One, Cordish Cos., Pamunkey, Golden Nugget, Wind Creek vie for final Virginia casino project
Published
Updated 3 p.m., Feb. 24 The city of Richmond received at least six casino proposals as of the Monday afternoon deadline for its request for proposals. In addition to the Pamunkey Indian Tribe, which announced its plans to submit a project last year, the companies include Bally’s Corp., Baltimore-based Cordish Cos., Texas-based Golden Nugget Hotels
COVID roundup: 300K vaccine doses arrive in Va.
470 Virginians died last week as U.S. surpasses 500,000 virus-related deaths
Published
Virginia received an influx of more than 300,000 COVID-19 vaccine doses this week, in part due to the weather-delayed delivery of 106,000 Moderna doses that were expected last week. The state also is receiving a bump in doses directed to local health departments and districts, as well as twice as many doses arriving in retail
HII lands $2.99B Navy contract
Newport News Shipbuilding to provide maintenance on USS John C. Stennis
Published
The U.S. Navy awarded Newport News-based Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division a $2.99 billion contract to refuel and overhaul USS John C. Stennis supercarrier, the Department of Defense announced Friday. Under the contract, Newport News Shipbuilding will perform work for the second half of the estimated five-decade service life of the aircraft
GMU establishes President’s Innovation Advisory Council
Focused on tech talent pipeline in NoVa
Published
George Mason University President Gregory Washington on Monday announced he has formed an advisory roundtable of nearly 30 regional business executives and community leaders to focus on the university’s innovation initiative. The President’s Innovation Advisory Council will focus on issues such as GMU’s efforts to increase the pipeline of tech workers. George Mason’s innovation initiative