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Atlantic Union to expand Henrico office, add 50 jobs
Atlantic Union Bank is investing $5.1 million to upgrade its corporate offices in Henrico County to accommodate growth, the bank announced this week.
Traditional Medicinals moves forward with $47M plant in Franklin County
Traditional Medicinals will build a $47 million tea plant in Franklin County, creating 57 jobs.
Broadband installation statute unconstitutional
Virginia’s high court ruled a 2023 broadband law unconstitutional, blocking fiber cable installs on railroad land without proving public use.
Bassett CEO Rob Spilman talks tariff strategy, supply chain resilience
Henry County’s Bassett Furniture is taking a solutions-focused approach to protect profitability and support its dealer network amid uncertainty.
GDIT secures $396M Special Operations Command contract
Falls Church federal contractor General Dynamics Information Technology won a $396 million contract to support the U.S. Special Operations Command.
Acoustical Sheetmetal Co. to invest $46M in Virginia Beach expansion
Virginia Beach-based Acoustical Sheetmetal Co. will invest $45.8 million to expand its operations and create 350 jobs.
Hooker restructuring targets $25M savings by FY27
Hooker Furnishings launches restructuring to cut $25M in fixed costs by FY27, closing warehouses and expanding overseas operations for savings.
Fed’s Fifth District expands slightly amid uncertainty
The Fifth District economy saw mild growth, with mixed hiring, rising import costs, and steady consumer spending despite economic uncertainty.
RTX subsidiary wins $1.1B Navy contract modification
Raytheon has received a $1.1 billion contract modification from the U.S. Navy to manufacture additional AIM-9X missiles.
Tysons AI startup raises $10M in seed funding
Tysons startup pWin.ai, which developed an AI proposal writing tool, has raised $10 million in a seed funding round.
Virginians wager $609M on sports in April
Virginians bet more than $609.71 million on sports in April, 8.2% more than they bet in April 2024, according to Virginia Lottery data.
Doma Technologies, 2 other bizs merge to form health tech contractor
Doma Technologies, Livanta and Advanta Government Services have merged and rebranded as Commence, a health care tech contractor based in Virginia Beach.
