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Va. employment may not fully recover until 2023 to 2025
VEDP President and CEO Stephen Moret, however, believes commonwealth can return to pre-pandemic jobs levels sooner
Virginia may not get back to full, pre-pandemic employment until 2023 to 2025, according to Moody’s Analytics employment forecasting, but Stephen Moret, president and CEO of Virginia Economic Development Partnership (VEDP) thinks that the commonwealth can recover sooner. “We not only want to accelerate the path back to full, pre-pandemic employment and even growing beyond,
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NuWave Solutions acquires San Diego-based analytics company
McLean-based tech contractor buys BigBear Inc.
Published
McLean-based federal technology contractor NuWave Solutions LLC announced Thursday it has acquired BigBear Inc., a cloud-based big data analytics firm in San Diego. Financial terms of the transaction were not disclosed. This marks NuWave’s first acquisition since it was acquired by Boca Raton, Florida-based private equity firm AE Industrial Partners LP in June. Founded in
ManTech wins $273M Homeland Security contract
Herndon-based company to work on business intelligence services for Customs and Border Protection
Published
The U.S. Department of Homeland Security awarded Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, a five-year, $273 million contract to provide business intelligence support services for Customs and Border Protection (CBP), the company announced Thursday. Under the contract, ManTech will perform services that prevent crime and terrorism, according to
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Va. jobless claims fall to lowest level since March
72K Virginians remain unemployed, however
Published
The number of initial jobless claims filed last week fell to its lowest level since the pandemic’s employment effects began to be felt in mid-March, the Virginia Employment Commission reported Thursday. Initial jobless claims in Virginia dropped by 29.7% last week compared with the previous filing week, according to the VEC, while continued claims fell
These 16 Va. companies received $10M PPP loans
SBA releases comprehensive list of PPP loan recipents, amounts
Published
The U.S. Small Business Administration on Tuesday released additional information about all approved borrowers from its $659 billion Paycheck Protection Program (PPP) small business relief program, this time including exact company names, loan amounts, addresses and other information. Previously, the government in early July had released an incomplete list of recipients, including only ranges of
Va. hotel revenues remain low during increased COVID-19 restrictions
Even more declines anticipated in coming weeks
Published
With COVID-19 cases mounting, Virginia hotel revenues continue to decline when compared with last year, 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 Nov. 22 through Nov. 28, hotel revenues in Virginia decreased by 34% and rooms sold declined
Virginia redistricting committee takes shape
Applications due Dec. 28 for eight citizen slots
Published
RICHMOND, Va. — More than half a dozen legislators have been named to a bipartisan redistricting commission that seeks to fairly draw congressional and state legislative districts. The commission will be made up of 16 people. Half of them will be legislators and the other half will be Virginia citizens. Virginia legislative leaders chose four
ASGN subsidiary buys Fla.-based tech firm
ECS acquires Integrated Solutions Management Inc.
Published
Henrico County-based Fortune 1000 professional services company ASGN Inc. announced Tuesday it has acquired Tampa, Florida-based information technology firm Integrated Solutions Management Inc. Financial terms of the transaction were not disclosed. Founded in 1991, ISM specializes in internet of things (IoT) technology, IT service and operations management. It will become part of ECS, a Fairfax-based
Herndon’s K12 Inc. reports ransomware attack
Cybercrooks may have accessed student, employee data from online education provider
Published
Herndon-based online education provider K12 Inc. announced Tuesday that the company was the victim of a ransomware attack that may have compromised its corporate back office systems. “We do believe that the attacker accessed certain parts of our corporate back office systems, including some student and employee information on those systems, but it will take
Intelsat closes $400M cash deal for commercial aviation business
McLean-based satellite telecom firm acquires division from in-flight broadband provider Gogo
Published
McLean-based communications satellite services provider Intelsat Corp. announced Tuesday it has completed the acquisition of in-flight broadband connectivity provider Gogo Inc.’s commercial aviation business for $400 million in cash. The acquisition was first announced in early September. Intelsat plans to pair its satellite and ground network to Gogo’s customer base of more than 3,000 commercial