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Defense/public safety tech manufacturer moving to SWVA

Wrap Technologies, an Arizona-based public safety and defense technology company, is locating its manufacturing and distribution base in Norton’s Project Intersection industrial park, Gov. Glenn Youngkin announced Friday. The company will occupy a new, 20,000-square-foot building at Project Intersection, where U.S. Route 23 and Highway 58 meet. In August, a $10.4 million EarthLink call center […]

Owens & Minor sues Anthem, accusing insurer of mishandling claims

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Photo of a bottle of Tito's Handmade Vodka

Virginians go for Texan vodka

Virginia is for lovers of vodka distilled from corn in Austin, Texas, apparently.  For the seventh straight year, Tito’s Handmade Vodka is Virginia’s most popular spirit at Virginia Alcoholic Beverage Control Authority (ABC) stores, according to a Friday announcement. The spirit generated $75 million in sales at Virginia ABC stores in fiscal year 2024. That’s […]

Real Estate

L to R: Stephen Meadows, Rick West, Dorcas Helfant-Browning and Steve DuBrueler. Photo courtesy Coldwell Banker Premier.

Coldwell Banker Premier acquires Hampton Roads Coldwell affiliate

Winchester-based Coldwell Banker Premier has acquired Virginia Beach-based Coldwell Banker Now, merging into a brokerage with a combined $600 million sales volume in 2023. Coldwell Banker Premier did not disclose financial details of the merger, which it announced Monday. The combined real estate company is the second-fastest growing Coldwell Banker franchise in the nation over […]

Economic Development

An aerial view of Super Radiator Coils' Chesterfield County facility. Photo courtesy Super Radiator Coils

Specialty coils manufacturer to expand in Chesterfield

Super Radiator Coils, an engineering and manufacturing company based in Minnesota, will invest $22 million to expand in Chesterfield County, creating an estimated 160 jobs, Gov. Glenn Youngkin’s office announced Friday. The company will upgrade machinery and add about 80,000 square feet to its existing approximately 160,000-square-foot facility at 451 Southlake Blvd. The plant has […]

Healthcare

Entrance to Inova Fairfax Medical Center

Inova pays $2.37M to settle False Claims Act allegations

Three Inova Health entities have agreed to pay more than $2.37 million to settle claims that Inova submitted Medicaid claims containing falsified information. The U.S. Attorney’s Office for the Eastern District of Virginia announced on Friday the agreement with Inova Health System Foundation, Inova Health Care Services and Inova Physician Partners, settling the False Claims […]

Government

The post office at 1801 Brook Road in Richmond. Photo by Brodie Greene/VCU Capital News Service

Virginia mail service improves; second Trump push to privatize USPS ‘unlikely’

U.S. Postal Service operations have continued to improve, but a bipartisan coalition of state leaders say more work is needed to get the service to a level Virginians deserve. Virginia was ranked at the bottom for on-time mail delivery in October 2023, at the start of the federal government’s fiscal year. Just over 66% of […]

Money

VACUL to merge with regional credit union group Jan. 1

Members of the Virginia Credit Union League and the League of Southeastern Credit Unions & Affiliates voted Thursday to approve the Virginia league’s consolidation with the regional organization. The merger will be in effect Jan. 1, 2025, the two organizations announced Friday. “Thanks to the support of the membership, we are embracing a powerful opportunity […]

Energy/Green

BTM Business Connect

Complete Health and Commonwealth Primary Care Announce Collaboration to Advance Value-Based Care in Virginia

Complete Health, a nationally recognized leader in Value-Based Care, and Commonwealth Primary Care, one of Virginia’s largest and most respected primary care practices, have agreed to collaborate to advance Value-Based Care through “Complete Health Partners.” Through this collaboration, Complete Health Partners will deliver tech-enabled care coordination and other Value-Based Care services to some 20,000 Commonwealth […]

Movers & Shakers

EVENTS

Forty Under 40

Details coming soon!

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

Best Places to Work in Virginia

March 31st, 2025 - 4:30 PM

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

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People

Bassett Furniture names new chief marketing officer

J-Lab scientist to receive nuclear physics prize

Bon Secours Hampton Roads Foundation promotes new president

Appian taps new chief revenue officer

Inova names president and chief of clinical enterprise

Charlottesville Realtor named Virginia Realtor of the Year

VACU names Member One regional head for Roanoke, Lynchburg

Peterson Cos. names president

Rick Talento. Photo courtesy Inova Health.

Inova makes acting CFO permanent

After serving in an acting capacity since March, Rick Talento is now Inova Health’s permanent chief financial officer, the Falls Church-based regional health system announced Wednesday. Talento will continue to be responsible for the system’s financial operations and will also be responsible for planning and forecasting. He succeeds Alice Pope, who is now CFO of […]

Stephen Edwards tapped for national port association board

The American Association of Port Authorities announced Thursday that Stephen Edwards, CEO and executive director of the Virginia Port Authority, which runs the Port of Virginia, has been elected to a two-year term on the APPA’s board. Members elected the board during the APPA’s Oct. 28 convention in Boston, which had more than 800 attendees. […]

Richard Luck. Photo courtesy Luck Cos.

Luck Cos. names president

Richard Luck is now president of Luck Cos., the Goochland-based construction aggregates and decorative stone producer announced Nov. 12 along with several other leadership changes. Richard Luck is the fourth generation of the Luck family to take a leadership role at the company, which has three business units: Luck Stone, Luck Ecosystems, and Luck Real […]

Chris Cosby. Photo courtesy Old Dominion Electric Cooperative

ODEC announces next president and CEO

Chris Cosby will become president and CEO of Glen Allen’s Old Dominion Electric Cooperative on Feb. 1, 2025. Cosby succeeds John C. Lee, who has been ODEC’s president and CEO since Sept. 8, 2023, initially serving in an interim capacity. ODEC announced Lee’s retirement, effective Feb. 1, on Monday. He will serve as a senior […]

A man in a suit stands in the foreground. The Omni Homestead Resort's large brick building is in the background.

Omni Homestead GM receives lifetime achievement award

The American Hotel & Lodging Association presented Mark Spadoni, managing director of The Omni Homestead Resort in Bath County, with the association’s General Manager Lifetime Achievement Award on Oct. 28. The association honored Spadoni in San Antonio at its second annual The Hospitality Show conference, cosponsored by Questex’s Hotel Management brand. “I am deeply honored […]

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Opinion

Virginia’s fundamentals remain strong after unsuccessful arena competition

To support a more inclusive workforce, Va. lawmakers must unite around this bill

2024 Big Book intro: Invasion of the bots!

Why Alexandria’s new entertainment district is everyone’s business

Saving grace

Pot of gold

A game of political football

Long-range forecast

Return to uncertainty

In the wake of the Federal Reserve lowering interest rates by half a percentage point in September, the stock market has been setting records, hiring numbers are trending strong, and the inflation rate has been slowly edging downward. Nevertheless, many businesses — and workers — seem to be in a state of anxious uncertainty, awaiting […]

What a difference a debate makes

Less than three months ago, President Joe Biden — you remember him, right? — stepped down from his bid for a second term and threw his support behind Democratic nominee Vice President Kamala Harris, radically redefining this fall’s presidential race. Just before that happened, we were beginning to write this month’s cover story about the […]

In defense of UVA Health’s leaders

Like so many people, I was surprised and shocked to read the U.Va. faculty letter of no confidence in Dr. Craig Kent and Dr. Melina Kibbe. This is especially disturbing since I have served on various UVA Health boards over the past 30 years. It is my opinion that our health system is better today […]

A BridgeTower to the future

On July 31, Virginia Business turned the page on a new chapter in our 38-year history as the magazine became part of the BridgeTower Media family of companies. Headquartered in neighboring North Carolina, our new parent company is a portfolio company of Los Angeles private equity firm Transom Capital Group. BridgeTower owns 40-plus B2B media […]

Commentary: Va. ecosystem supports growth

It has been almost four years since I began leading economic development and innovation efforts at George Mason University, and what a whirlwind! This is an exciting time to be in Virginia, and getting to do this job every day feels like winning the lottery. It all started with the Amazon.com HQ2 win in 2018, […]

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