Virginia, USA, Business News - Virginia Business
WEB3 days ago — Sales projected to rise 2.9% from 2023 by end of year. Virginia Realtors forecasts a 9.8% year-over-year increase in home sales in 2025, according to its 2025 Economic & Housing Market Forecast, released Thursday. So far …
Central Virginia BBB names new CEO - Virginia Business
WEBJan 26, 2022 — Coincidentally, he also is named Barry Moore. Barry F. Moore Jr., who previously served on the Better Business Bureau’s Central Virginia branch’s board, has been named its president and CEO, the Glen Allen nonprofit organization announced Wednesday. In a funny twist, the new Barry Moore replaces another Barry Moore, who retired in July 2021.
McLean-based Appian wins $2B verdict in trade secrets lawsuit
WEBMay 10, 2022 — Appian Corp., a cloud computing firm based in McLean, won $2.03 billion — an amount estimated to be the largest award in Virginia state court history — in a trade secrets verdict against a competitor Monday in Fairfax County Circuit Court. Appian sued Massachusetts-based Pegasystems Inc. and an individual, …
Perspecta to be acquired for $7.1B in all-cash deal
WEBJan 27, 2021 — Photo courtesy Perspecta. Chantilly-based federal contractor Perspecta Inc. will be acquired for $7.1 billion by Herndon-based national security contractor Peraton, an affiliate of private investment firm Veritas Capital, in an all-cash deal, the companies announced Tuesday. Perspecta will combine with Peraton under the transaction, which is ...
Gainwell Technologies acquires health care tech company for $3.4B
WEBPublished April 7, 2021 by Jason Roop. Reston-based Gainwell Technologies, a six-month-old spinoff company of DXC Technology, has completed its approximately $3.4 billion acquisition of HMS Holdings, a Texas-based health care technology company, Gainwell announced April 1. The all-cash deal, announced in …
Va. bills advance to halt minimum wage increases
WEBJan 28, 2022 — State minimum wage to rise to $12 in 2023. Virginia State Capitol. (Courtesy Virginia Department of Historic Resources) RICHMOND, Va. – Two bills introduced by Republicans to halt future minimum wage increases have advanced to the House floor. Minimum wage in Virginia increased to $11 an hour …
Buc-ee’s starts construction on Rockingham center
WEBJan 30, 2024 — Glenn Youngkin was there, as well as Buc-ee’s founder and CEO Arch “Beaver” Aplin III. Local officials attended as well. Located at the intersection of I-81 and Friedens Church Road, the center will be 74,000 square feet and have 120 fueling positions. Buc-ee’s expects construction to take about …
Riverside Tappahannock Hospital becomes part of VCU Health …
WEBJan 4, 2021 — Richmond-based VCU Health System announced Monday it has finalized its purchase of the 67-bed Riverside Tappahannock Hospital (RTH) and related medical services from Riverside Health System. Financial terms of the transaction were not released. The hospital will now operate as VCU Health Tappahannock Hospital.
Amazon to open East Coast supply chain hub in Stafford
WEBNov 9, 2021 — Amazon.com Inc. will establish a new cross-dock fulfillment center in Stafford County, serving as an East Coast supply chain hub and creating 500 jobs, Virginia Gov. Ralph Northam announced Tuesday. The 630,000-square-foot facility at the Northern Virginia Gateway industrial site in Stafford will be responsible for …
VIPC launches $100M fund partnership for Va. startups
WEBMay 20, 2024 — Through the partnership, announced Monday by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from the U.S. Treasury Department’s State Small Business Credit Initiative. In December 2022, Youngkin’s office announced that Virginia had been approved for up to $230 ...