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Home>Katherine Schulte

Katherine Schulte

Recent Articles from Katherine Schulte

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.

Photo courtesy CarMax
Top Stories October 30, 2025

Fortune 500 retailer CarMax lays off 350 employees

Goochland County-based Fortune 500 used car retailer CarMax is laying off about 350 employees nationally, including 55 in Virginia.

Construction workers, bottom right, atop the U.S. Treasury, watch as work continues on a largely demolished part of the East Wing of the White House on Oct. 23, 2025, before construction of a new ballroom. (AP Photo/Jacquelyn Martin)
Top Stories October 29, 2025

Two Virginia companies donate to White House ballroom project

Altria Group and Booz Allen Hamilton donating to President Donald Trump’s roughly $300 million White House ballroom construction project.

A ham on a cutting board. Half has been sliced. Photo by DepositPhotos
Industries October 28, 2025

Ham producer to build $1.2M facility in Isle of Wight County

The Isle of Wight County is bringing home the bacon in the form of a $1.2 million Darden Hams production facility.

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Energy/Green October 27, 2025

Coal mining company to lay off 118 in Southwest Virginia

Wellmore Energy Co. a metallurgical coal mining company, is again planning to lay off workers in Buchanan County.

A worker at Merck's Elkton facility. Copyright Merck & Co., Inc., Rahway, NJ, USA and its affiliates. All rights reserved.
Top Stories October 20, 2025

Merck to build $3B facility in Elkton

Merck & Co. is starting construction on a $3 billion pharmaceutical manufacturing facility in Elkton that is expected to create 500 jobs.

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Industries October 17, 2025

Civica to start selling long-acting insulin in January 2026

Civica will begin selling a type of insulin on Jan. 1, 2026, although it will not come from the nonprofit drug maker’s Petersburg facility.

A slot machine
latest news October 16, 2025

Virginia casinos report $73M in September revenue

September gaming revenues for Virginia’s three casinos totaled $73.08 million, down almost 14% month-over-month but up 29% year-over-year

Photo by DepositPhotos
Central Virginia October 15, 2025

Genworth’s CareScout to acquire senior care tech company for $20M

CareScout Holdings, a subsidiary of Henrico County-based Fortune 1000 insurer Genworth Financial, announced Wednesday it plans to acquire Seniorly.

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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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