Fairfax County E-Bird for July 9, 2019
Now hear this: On Monday the FCEDA announced that Victor Hoskins will be its next president and CEO effective August 5. Hoskins has been director of the Arlington County Economic Development since 2014. In an FCEDA release, Stephen Moret, president and CEO of the Virginia Economic Development Partnership, said, “Victor will bring a uniquely compelling mix of experience, savvy and collaborative spirit to the FCEDA.” Read more about Hoskins in this Washington Post piece by Antonio Olivo.
Proof, once again: PROOF.VC, a strategic capital investment firm based in Reston, has raised more than $50 million for its second fund. Proof.VC, with $34.5 million in its initial fund, has enjoyed great success with investments such as Beyond Meat, Sweetgreen, Arcadia Power and scooter startup Bird Rides, among others. Andy Medici gets to the meat of the matter for the Washington Business Journal.
Local combination: Tysons-based A-TEK, a woman-owned provider of information technology and scientific services, acquired Reston-based Mackson Consulting. Mackson, also woman-owned, was founded in 2010 and will bring expertise in data management and analytics, according to Tate Mikkelsen’s report in the Washington Business Journal. Mackson provides professional and technical services in IT systems engineering to public sector and commercial clients including the National Institutes of Health, FDA and other DHS agencies.
Identifying the need: USA Today’s Dawn Gilbertson produced a story about ways Reston-based IDEMIA is helping travelers enroll in TSA PreCheck by offering signups at non-traditional locations such as music festivals and sporting events. The company’s IdentoGO RV is scheduled to hit music events in Louisville, Chattanooga, Atlanta and New Orleans this month. The TSA charges $85 for five years of pre-check expedited screening privileges.
Credit report: Northern Virginia credit unions Northwest Federal of Herndon and Constellation Federal, with operations in Reston and Herndon, completed their merger. The combined entity, which will be called Northwest Federal, is now a top 60 credit union nationally by assets, writes the Washington Business Journal’sLaura Spitalniak.
Herndon update: Michael Neibauer of the Washington Business Journal offers an update on the redevelopment of historic downtown Herndon that is expected to begin before the end of the year. Reston-based Comstock is working to acquire the nearly 5-acre, town-owned site and has begun the search for contractors to create elements of the estimated $85 million development. The project is set to include 273 apartments, 17,000 square feet of retail, an 18,000-square-foot arts center, public plazas and a parking garage.
Robotic assistance: According to Stephanie Kanowtiz’s story for GCN.com, KPMG developed a robotic process automation tool that has begun helping the Centers of Medicare and Medicaid Services to verify medical records for insurance claims. CMS began using the Intake Process Automation Tool, which ingests codes, digitizes and extracts information from documents, in April.
Glad to partner: Gladstone Investment Corp., headquartered in Tysons, partnered with Slate Capital Group to acquire Allentown, Pa.-based Horizon Facilities Services, LLC, a provider of outsourced services to the rental car industry under the Managed Labor Solutions brand. According to a release picked up by citybizlist , Horizon also provides commercial janitorial services under the name Professional Maintenance Co.
Notable contract wins by firms in Fairfax County
- DynCorp won a potential five-year, $308.6 million contract to help the Air Force manage aviation command and control programs. GovConWire
- Leidos secured a potential five-year, $99 million contract to support the Navy’s aerospace-related environmental health and medical research activities. GovConWire
- Lockheed Martin received a three-year, $348.2 million contract modification to fund production of special tools and test equipment for F-35 jets. GovConWire
- Under a $40 million contract, SAIC will develop, integrate and sustain ground systems for the Space and Missiles Center at Kirtland Air Force Base in New Mexico. ExecutiveBiz
- Northrop Grumman and Raytheon partnered with Karem Aircraft to develop a prototype tiltrotor aircraft for the Army under a $738 million contract. Defense Daily
- CACI International will develop technologies to assess the efficiency of virtual infrastructures to resist malware and accept integration into current operating systems under a five-year, $34.8 million contract from the Air Force. ExecutiveBiz
- ManTech booked a potential three-year, $21 million contract to develop and incorporate prototype capabilities, including training, computing and storage, to support the Army’s Persistent Cyber Training Environment. ExecutiveBiz
Upcoming business events
- July 10: Effective Communication for Increased Productivity. Learn techniques to connect, collaborate and communicate, build team bonds and foster professional relationships. Part of the Business Education Series presented by the Greater Reston Chamber of Commerce. Click here.
- July 24: Break Through the Noise! Marketing Strategies to Attract the Right Leads & Get More Clients. Workshop will detail a marketing system to help participants stand out and connect with ideal clients. Part of the Business Education Series presented by the Greater Reston Chamber of Commerce. Click here.