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GMU president’s...

GMU president’s contract extended through 2031

Washington's job appeared to be in jeopardy less than a year ago, as the Trump administration launched four civil rights investigations into GMU.

Virginia budget...

Virginia budget with data center tax moves to Spanberger’s desk

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A rendering of Sandberg Development's U.S. headquarters planned for Prince William County's Innovation Park. Image courtesy Prince William County

Swedish firm Sandberg to build US HQ in Prince William

Sandberg Development plans to build its United States headquarters in Prince William County's Innovation Park.

Industries

Jacco van Teeffelen. Photo courtesy The Omni Homestead Resort & Spa

Omni Homestead taps new managing director

Jacco van Teeffelen has been named managing director of Omni Homestead Resort & Spa in Hot Springs, succeeding Mark Spadoni.

Real Estate

Cupid at The Cavalier Hotel

Cavalier Hotel resort sold to Connecticut firm

The Cavalier Resort at Virginia Beach’s Oceanfront has been sold to Connecticut-based real estate investment firm Wheelock Street Capital.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. REUTERS/Brendan McDermid TPX IMAGES OF THE DAY

S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount

The Nasdaq and S&P 500 closed lower due to semiconductor stock losses amid concerns over debt-funded AI spending and a hawkish Federal Reserve outlook.

Government

Booz Allen Hamilton to relocate global HQ to Reston

Booz Allen to acquire Texas defense tech company for $720M

Booz Allen Hamilton plans to acquire Austin, Texas-based defense technology company Ultra I&C Mission Solutions for $720 million.

People

CACI International announced that David Young has joined the company as executive vice president and chief operating officer. Photo courtesy CACI

CACI appoints new COO

CACI International announced that David Young has joined the company as executive vice president and chief operating officer.

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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[...]

see all events

Around The Nation

SpaceX launches notes offering, discloses $100.8B cash balance

Alan Greenspan, longtime US Federal Reserve chairman, dies aged 100

Luigi Mangione plans ‘extreme emotional disturbance’ defense at CEO killing trial 

Apple to raise prices due to memory chip shortage, CEO tells WSJ

Trump says Apple to partner with Intel on US chip design, production

Trump administration to pay $765M to scrap four more offshore wind leases

Fed begins Warsh era by keeping rates on hold, sees one hike later this year

SpaceX vaults past Amazon’s market value as options listing fuels surge

Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. REUTERS/Pavel Mikheyev/File Photo

Oil prices steady as investors focus on Hormuz flows after peace talks

Oil prices remain steady as investors monitor crude flows through the Strait of Hormuz following progress in U.S.-Iran peace talks and easing sanctions.

US announces $17.5B in conditional loans for nuclear power

US announces $17.5B in conditional loans for nuclear power

WASHINGTON, June 23 (Reuters) – The U.S. Department of Energy announced on Tuesday $17.5 billion in conditional loans for utilities and energy companies to purchase parts needed to strengthen the U.S. commercial nuclear supply chain. U.S. Energy Secretary Chris Wright told reporters the loans will help the U.S. achieve its goal of having 10 new […]

A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon/File Photo

SpaceX extends losses after $600B wipeout, tech stocks slide again

SpaceX shares declined further following a $600 billion market value loss as tech stocks, including chipmakers and hyperscalers, faced broad selloff.

Oracle's logo is seen in this illustration created on September 9, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Oracle workforce shrinks by about 21,000 employees amid AI adoption

Oracle's workforce declined by about 21,000 employees in fiscal 2026 due to restructuring and AI adoption, reflecting significant changes in its cloud computing operations.

Secret Service police members walk down the stairs at Buergenstock Resort Lake Lucerne on the day of talks between the U.S., Iran, Pakistan, and Qatar at the Lake Lucerne Summit, aimed at advancing a deal to end the Middle East conflict, near Stansstad, Switzerland, June 21, 2026. REUTERS/Nathan Howard/Pool

Oil falls 4% after US-Iran talks signal easing supply risks

Oil prices fell 4% after US-iran talks signaled easing supply risks and the strait of Hormuz reopened, impacting global crude markets.

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Opinion

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

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

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

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

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