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Spanberger backs...

Spanberger backs House budget, but data center tax fight divides Democrats

Gov. Abigail Spanberger said she supports the Virginia House of Delegates proposal of an "expansive" data center commission.

Rocovich sues...

Rocovich sues Spanberger, seeks reinstatement on Virginia Tech board

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Ringana's U.S. headquarters will be at Blue Ridge Commerce Park in Roanoke. Photo courtesy Roanoke Regional Partnership

Austrian skincare company bringing 400+ jobs to Roanoke

Ringana will invest $85 million over the next five years to establish the company’s first U.S. headquarters in Roanoke, creating 435 jobs.

Industries

A conceptual image of Applied Atomics' Star Reacher Spacecraft. Image courtesy Applied Atomics

Applied Atomics emerges from stealth, sets up U.S. presence in Fairfax

Applied Atomics emerged from stealth on Wednesday and announced plans to establish a U.S. presence in Fairfax County.

Real Estate

Newly built single-family homes are shown at a Lennar development still under construction in San Diego, California, U.S., March 11, 2025. REUTERS/Mike Blake/File Photo

US homebuilder sentiment falls in June amid rising costs

U.S. homebuilder sentiment dropped in June as rising mortgage rates and construction material costs strain the housing market, says NAHB survey.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 8, 2026. REUTERS/Brendan McDermid

Wall Street ends up on Iran war peace deal hopes, SpaceX’s historic debut

Wall Street stocks rose as hopes for a U.S.-Iran peace deal grew and SpaceX made its historic Nasdaq debut, valuing the company over $2 trillion.

Government

State and local officials join Jefferson Lab leadership for a ceremonial groundbreaking of the Jefferson Lab Data Center. Photo by Josh Janney

Jefferson Lab breaks ground on $49M data center

Jefferson Lab broke ground on a 30,000-square-foot building on its Newport News campus that will house the High Performance Data Facility.

People

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

Glen Allen-based real estate company Commonwealth has appointed longtime executive Ken Strickler as its new CEO.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

Virginia Top Projects & Real Estate Deals

July 28th, 2026 - 5:30 PM

Top Projects is an annual recognition program honoring the most outstanding building and construction projects completed across Virginia ove[...]

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

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Around The Nation

BlackRock seeks to buy at least $5B in SpaceX IPO shares, WSJ reports

OpenAI expects to go public ‘within the next year,’ the Information reports

Oil prices rise after Trump says Iran must pay price

US wholesale inventories increase for third straight month in April

OpenAI files for US IPO after Anthropic as AI giants head to public markets

Amazon, Corning sign multibillion-dollar deal to boost fiber optics manufacturing in US

Oil prices pares gains after Iran announces end to attacks on Israel

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

A video sign displays the logo for Roku Inc in Times Square after the company's IPO at the Nasdaq Market in New York, U.S., September 28, 2017. REUTERS/Brendan McDermid/File Photo

Fox strikes $22 billion deal for Roku to fuel streaming push

Fox Corp is acquiring Roku in a $22 billion cash-and-stock deal to strengthen its streaming platform reach and advertising capabilities.

Wide angle panorama of the US United States Capitol building for Democrat Republican Government Senate and House congress parties under a summer blue sky with white clouds.

Democrats want to target companies that buy back their own stocks

Senate Democrats propose raising the federal tax on stock buybacks from 1 to 4 percent to increase corporate tax revenue and address income inequality.

Elon Musk looks on as U.S. President Donald Trump meets South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, D.C., U.S., May 21, 2025. REUTERS/Kevin Lamarque

SpaceX IPO makes Elon Musk the world’s first trillionaire

SpaceX's $75 billion IPO propels Elon Musk to become the world's first trillionaire, highlighting investor enthusiasm for his ventures including Tesla and Twitter.

A general view of a SpaceX building ahead of the SpaceX initial public offering (IPO), in Starbase, Texas, U.S., June 11, 2026. REUTERS/Gabriel V. Cardenas

SpaceX trading to kick off after record IPO, with hopes for first-day surge

SpaceX begins trading on Nasdaq after a record $75 billion IPO, marking the largest U.S. debut and valuing the company at $1.77 trillion.

A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo

Oil drops as Trump cancels planned strikes against Iran

Oil prices dropped sharply after U.S. President Donald Trump canceled planned strikes on Iran, easing tensions in the Middle East.

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Opinion

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Bridging the workplace soft-skills gap across generations

Why Virginia’s one-term limit for governors deserves a second look

The December question every leader should anticipate

2025: The year of living disruptively

Economic Development 2025: BELCHER, JONATHAN S.

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

WILLIAM G. ‘BILL’ CRUTCHFIELD JR.

Commentary: Entrepreneurs, think creatively

Bill Crutchfield, founder of Crutchfield Corp. in Charlottesville, shares how unconventional thinking drove his company's success.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

Are your best people leaving over money — or this?

COVID did something to us that a decade of wellness programs never could. It forced us to look directly at our own mortality and ask with unusual honesty, is this how I want to spend my time? That question did not stay at the dinner table. It followed people into their offices, their Zoom calls […]

Maritime and logistics can lift the commonwealth

Maritime and logistics can lift the commonwealth

Virginia Maritime Association's executive director on state's maritime industry

Richard Foster. Photo by James Lee

No one’s indispensable — and that’s a good thing

Cross-training is a key strategy used by 68% of Virginia’s 2026 Best Places to Work to ensure operational continuity and employee engagement.

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