In this weekly column on the state of Reston’s local economy we explore what’s happening in the business scene.
ComScore, a firm that provides statistics and information about how people use the web has canceled another public stock offering. The company has cited unfavorable market conditions. When the ComScore first announced it would be underwriting it’s stock, the price dipped by fourteen points, and has kept falling.
The Congressional Bank has decided to use only wind energy for it’s electrical needs. The change affects all it’s branches and offices. Congressional Bank has a branch in Reston. This is the first such energy conversion of it’s kind in the DC area.
Enterra Solutions will open a new office in Iraq. The company provides business development solutions to emerging economies. The office will be located in the Kurdistan region of Iraq, and will serve the needs of the Iraqi government, the Kurdistan government, and the DoD. The Erbil based office will also serve as a hub for future expansion.
SAIC will be demonstrating it’s products in Florida’s Interservice/Industry Training, Simulation and Education Conference later this year. The simulation begins with an embedded reporter covering a story on a routine mission, when the unit stops to inspect a possible IED. Then insurgents fire a rocket on the group. The goal of the war games simulation is to show how SAIC solutions troops and people in 21st century war zones.
Rolls-Royce will be moving it headquarters from Chantilly, back to Reston in 2008. This move is part of it’s expansion in the Richmond, DC, and Baltimore area, and will include construction of jet engine manufacturing plant in Prince Georges County.
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