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Business Notes

The Herndon Dulles Business and Professional Women's Club (HDBPW) is offering financial assistance to Herndon women over 21 in need of economic support to continue their education. The application deadline is May 1. To obtain an application, contact Jo Ann Ruffin at 703-904-0594.

The Greater Reston Arts Center (GRACE) held its Mardi Gras Champagne Art Auction on March 1 at Oracle Corporation headquarters in Reston. The event raised over $25,000. Dana Scheurer’s “GRACE on the Move,” a celebration of GRACE’s history and future as the cultural anchor of the Reston Town Center, received the highest bid of the evening at $4,000. Other bids included Chuck Veatch’s photograph, “Moonrise Through Teardrop Arch at Monument Valley, which is featured on the cover of the 2003 Winter issue of Nature’s Best Magazine, which sold for $2,800; and Rick Walls’ bronze sculpture, which sold for $2,550.

At the start of the program, the Greater Reston Arts Center (GRACE) and the Greater Reston Chamber of Commerce (GRCC) announced the winners of the second annual Business Arts Awards Program: Equity Office, owner and manager of Reston Town Center’s Phase I; The Hyatt Regency Reston, and Market Street Bar and Grill; and the Times Community Newspapers.

The Lake Anne Merchants and Professionals Committee is seeking artists and crafts people to participate in historic Lake Anne Village Center’s Easter festivities. The spring event will be held on Saturday, April 12, from 10 a.m.-3 p.m. For more information, call 703-437-9329.

Greg Nulty, a Reston resident, has been named senior vice president technology planning for Tellabs' new North American business operations. Tellabs is a communications equipment company based in Chicago. Nulty, 49, will be responsible for technology and product direction. Prior to his appointment, Nulty was vice president of product line management for Tellabs' metro networking group. Nulty joined Tellabs in January 2002.

Equity Office, owner and manager of Reston Town Center, has announced the opening of The Pink Palm at 11874 Market St. The Pink Palm offers the Lilly Pulitzer line of clothing, shoes and accessories for men, women and children. The line became a fashion hit when Jackie Kennedy, as first lady, wore a Lilly Pulitzer dress. The store is open Monday-Saturday, 10 a.m.-7 p.m.; Sunday, noon-5 p.m. For more information, call 703-787-8050 or visit www.pinkpalm.net.

Gigamedia Access Corporation has graduated from The Incubator Program, sponsored by the Greater Reston Chamber of Commerce. The high tech firm, founded in February 2000, becomes the 15th company to benefit from the Chamber's mentorship program. Gigamedia's software product, called PeerSwitch, makes it easy for users to implement a trusted community required for providing post-delivery data security.

Reactive Systems Inc. has been honored by The Greater Reston Chamber of Commerce Incubator Program as the GrowthSPURT 2003 Business Plan Competition honoree. The new company, founded in 1999 by researchers at SUNY at Stony Brook and the Naval Research Laboratory, provides tools and services for modeling and testing embedded software, such as that found in automotive, aerospace, medical-device and telecommunications applications. RSI released the first version of its flagship Reactis tool in summer 2002 and has made sales so far to major North American and Japanese automotive manufacturers and suppliers. In 2000 and 2001 the company was the recipient of Small Business Innovation Research grants from the National Science Foundation.