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Home>Katherine Schulte

Katherine Schulte

Recent Articles from Katherine Schulte

Server room interior in datacenter. Depositphotos
Central Virginia November 20, 2025

Data center developer to build $3B campus in Caroline

CleanArc Data Centers is building a $3 billion data center campus in Caroline County, Gov. Glenn Youngkin announced Thursday.

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Northern Virginia November 19, 2025

Reston fintech startup closes $400M financing round

Quantum Lending Solutions has closed a $400 million financing round, the Reston-based financial tech startup announced Tuesday.

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Technology November 18, 2025

Amazon buys 189 acres in Prince William tech park for $700M

Amazon Data Services has bought approximately 188.5 acres in Prince William County for a whopping $700 million.

Gov. Glenn Youngkin, Lego Vice President Cindy Sikora and others ceremonially broke ground on Lego's regional distribution center in Prince George County on Nov. 13, 2025. Photo by Katherine Schulte/Virginia Business
Top Stories November 13, 2025

Lego holds groundbreaking for $366M Prince George distribution center

The Lego Group held a ceremonial groundbreaking Thursday for its $366 million warehouse and distribution center in Prince George County.

Sphere Apartments at 2005 Brook Road in Richmond. Photo by Katherine Schulte/Virginia Business
Central Virginia November 7, 2025

Richmond Northside apartments sell for $45M

A 224-unit apartment complex in Richmond’s Northside neighborhood sold for $45.02 million in late October.

Eastport Industrial Park in Henrico County. Photo courtesy Equus Capital Partners.
Real Estate November 5, 2025

Industrial park near Richmond airport sells for $142M

An eight-building industrial park near the Richmond International Airport sold for $142 million, according to news releases this week.

Xcelerate Solutions' leadership team cut the ribbon on its new headquarters space on Tuesday. From left: Mike Brokaw, Mark Drever, David Kapusta, Vivek Malhotra and Doug Kollme. Photo courtesy Fairfax County Economic Development Authority.
Real Estate November 3, 2025

Xcelerate Solutions expands in Tysons

Defense and national security contractor Xcelerate Solutions is expanding its headquarters and workforce in Tysons.

The 2025 Virginia Icon Honors Awards
Icons November 2, 2025

The 2025 Virginia Icon Honors Awards

Enduring leadership shapes institutions, communities and workforces. Across Virginia, trailblazing executives, public servants, educators and philanthropists have spent decades building organizations, creating opportunities and mentoring the next generation — leaving a record measured not only in results but in lasting impact. Virginia Business is proud to launch the Virginia Icons Honors, award[...]

Gov. Glenn Youngkin signed on Oct. 31, 2025, a memorandum of understanding with AstraZeneca, Eli Lilly, Merck and state entities to establish a training center. Photo by Katherine Schulte/Virginia Business
Industries October 31, 2025

AstraZeneca, Eli Lilly, Merck commit $120M to Virginia pharma training

AstraZeneca, Eli Lilly and Merck committed $120 million to develop an advanced pharmaceutical manufacturing training center in Central Virginia.

Touhill leaving Arlington Economic Development
Economic Development October 30, 2025

Touhill leaving Arlington Economic Development

Arlington Economic Development Director Ryan Touhill is leaving AED, the Arlington Chamber of Commerce confirmed Thursday.

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Top Stories

Dr. Craig Kent was CEO of UVA Health until his resignation in February 2025. Photo courtesy University of Virginia

Former UVA Health CEO sues attorneys, firm in $34M defamation case

Former UVA Health CEO Dr. Craig Kent is suing three attorneys and a law firm for allegedly running a[...]

A Neptune statue overlooks a walkway in the center of the photo. A hotel is visible on the right side.

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 B[...]

Depositphotos

Richmond National to expand operations, create 75 jobs in Henrico

Richmond National Group plans to invest $1.75 million to expand operations and create 75 jobs at the[...]

AeroFarms to close Pittsylvania operations; 173 to lose jobs

AeroFarms works toward sale of Pittsylvania location; closure delayed

AeroFarms works through a sale process as its Danville vertical farm faces possible closure and 145 [...]

The George Washington University Virginia Science and Technology - PHOTO: ADOBESTOCK

GW sells Ashburn campus to Amazon subsidiary for $427M

George Washington University has sold its 122-acre Virginia Science and Technology Campus in Ashburn[...]

The 2026 Virginia Black Business Leaders Awards

2026 Virginia Power 50 List

Many of the 50 most powerful people in Virginia are here because they lead major corporations, such [...]

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

4/3/2026

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TowneBank appoints new CIO

3/3/2026

Ashish Jandial

ASGN announces commercial segment presidents

27/2/2026

Regions

Three data center projects totaling 7 million-plus square feet are under construction now in Stafford County. Photo by HAIYAN/Adobe Stock

NoVa data center development moves down I-95

Stafford County is experiencing rapid data center growth with three major projects underway and 18 i[...]

VFP’s Scott Jones says the company will have six buildings on its Duffield campus after its latest expansion. Photo by Earl Neikirk

VFP moves forward on $30M expansion in Scott County

VFP is investing $35 million to expand its Scott County facility, adding new buildings and jobs to s[...]

Arlington County reported investment in about 268,000 square feet of office space in 2025. Photo courtesy Adobe Stock

Northern Virginia focuses on strengths amid federal cuts

Northern Virginia's economy adapts to federal job cuts in 2025 by expanding defense tech, aerospace,[...]

Wrap Technologies held a ribbon cutting in September 2025 for its $4 million manufacturing headquarters in Norton. Official photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Manufacturing-heavy Southwest Virginia captures new industries 

Southwest Virginia sees major investments in manufacturing, indoor agriculture, and energy projects,[...]


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