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Virginia Beach to get $355M VA clinic, creating 600 jobs

A $355 million U.S. Department of Veterans Affairs outpatient clinic will be built in the Virginia Beach, and create about 600 jobs.

Richmond National...

Richmond National to expand operations, create 75 jobs in Henrico

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Lot 8 shell building at the Patriot Centre. Photo courtesy Henry County

Fukoku Korea to invest $18.9M in Henry manufacturing facility

Fukoku Korea will invest $18.9 million to open a manufacturing plant producing automotive components in Henry County, Virginia, creating 60 jobs.

Industries

Interstate Group to expand in Giles County, creating 46 jobs

Interstate Group to expand in Giles County, creating 46 jobs

Interstate Group will invest $8.9 million to expand operations at the company’s manufacturing facility in Giles County, creating 46 jobs.

Real Estate

100 Morgan Olson Way. Photo courtesy Cushman & Wakefield | Thalhimer

Investor buys Morgan Olson facility in Pittsylvania

An investment buyer purchased the 927,500-square-foot Morgan Olson manufacturing plant at Cane Creek Centre in Pittsylvania County.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2026. REUTERS/Brendan McDermid

Wall Street closes down as Middle East fears push US oil up 8%

U.S. stocks declined amid Middle East tensions, pushing crude oil prices up 8.5% to $81 per barrel, raising inflation and Federal Reserve rate cut concerns.

Government

Virginia officials oppose new congressional redistricting maps

Virginia officials oppose new congressional redistricting maps

Virginia delegates and Augusta County officials oppose the April 21 special election amendment on congressional redistricting, citing concerns over gerrymandering.

People

Cary Hagen, Bobby Scott, Kevin Briggs and Pete Hansen. Photo courtesy CV International. Background image courtesy of the Port of Virginia

CV International, Capes tap new executives

CV International last week announced that it has promoted vice president Cary Hagen to 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

C-Suite Awards

June 4th, 2026 - 11:30 AM

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

May 5th, 2026 - 12:00 AM

Forty Under 40 recognizes up and coming business professionals — Under the age of 40 — based on their professional accomplishments, comm[...]

Best Places to Work in Virginia

March 31st, 2026 - 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[...]

Women In Leadership

Details coming soon!

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

see all events

Around The Nation

White House submits Warsh nomination as Fed chair to Senate

Gulf shipping crisis deepens as tankers stranded for fifth day, US sinks Iranian warship

US dollar nudges lower on hopes of Middle East de-escalation

Fed’s Miran: Risks from Iran conflict no reason to delay continued rate cuts – BBG TV

Oil near multi-month highs on Middle East conflict, pares gain on report of US-Iran talks

US banks on high alert for cyberattacks as Iran war escalates

Paramount’s $110B Warner Bros deal likely to secure FCC backing, FT reports

US dollar firms on renewed inflation risks; market pares back rate-cut outlook 

Shipping containers are stacked up at the port of Oakland following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Oakland, California, U.S., February 24, 2026. REUTERS/Carlos Barria TPX IMAGES OF THE DAY

24 states, including Virginia, announce lawsuit to stop Trump’s latest global tariffs

A coalition of 24 US states filed a lawsuit challenging President Trump's new 10% global tariffs, arguing they exceed legal authority under the Trade Act of 1974.

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

Oracle plans thousands of job cuts as data center costs rise, Bloomberg News reports

March 5 (Reuters) – Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported on Thursday. Long a smaller contender in the cloud market, over the past year Oracle has emerged as a major player in the business […]

3D-printed oil pump jacks, Iranian flag, and a rising stock graph appear in this illustration taken March 2, 2026. REUTERS/Dado Ruvic/Illustration

Oil jumps more than 5% on supply concerns as Iran conflict widens

Oil prices jumped more than 5% due to escalating conflict between the U.S., Israel, and Iran, disrupting Middle East oil supplies and shipping routes.

Servers work at a Subway restaurant in Manhattan, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly

US productivity slows in fourth quarter

U.S. labor productivity growth slowed to 2.8% annualized in Q4 2026, according to the Labor Department, while labor costs rose at a moderate pace.

A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. REUTERS/Brian Snyder/File Photo

US private payrolls post largest increase in seven months in February

U.S. private payrolls increased by 63,000 jobs in February, the largest gain in seven months, driven by education and health services, according to ADP's report.

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Opinion

The December question every leader should anticipate

2025: The year of living disruptively

Local leaders shape solar’s future

Beyond burnout: the case for workplaces where people thrive

Back to school, back to buying? How fall affects Northern Virginia homebuyers

Women execs have tougher climb to top rung

Don’t import 996: Why America should reject overwork culture

OurView: Will AI spell lights out for white-collar workers?

Jennifer Williamson, CEO of Volunteer Fairfax and vice chair of Virginia Service Foundation. Photo courtesy Volunteer Fairfax

Virginia’s economic competitiveness depends on civic infrastructure

Virginia’s economic competitiveness will not be determined by incentives alone, writes Volunteer Fairfax CEO.

JMU will host seminars in 2026 examining the nation’s founding principles and civic engagement. Photo courtesy James Madison University

Making the business case for InternshipsVA

InternshipsVA establishes a framework that encourages Virginia employers to start or expand high-quality, paid internship programs.

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

Millennials burn out while holding it all together

The other day I was sitting in back-to-back meetings when two notifications hit at once. My son’s school called — he’d fallen and needed to be picked up from school immediately. At the same time, an email from my mom popped up asking for help with her prescriptions. Work was on fire. And I was […]

Richard Foster. Photo by James Lee

Bridging the workplace soft-skills gap across generations

An editor’s take on Gen Z soft skills, mentorship at work and Virginia Business marking 40 years covering the commonwealth’s business community.

On Jan. 15, 2022, Republican Glenn Youngkin was sworn in as Virginia’s 74th governor on the steps of the state Capitol. Photo courtesy governor’s office.

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

As Virginia prepares to swear in its first woman governor, it’s worth reexamining whether the commonwealth’s one-term limit on governors serves the state’s long-term economic and leadership interests.

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