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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

AdobeStock

Martinsville bank sells Justice family’s overdue loans to Omni Hotels entity

Carter Bankshares sold $209.48 million in past-due loans tied to the Justice family to a subsidiary [...]

Wealth advisers reveal ways to avoid bumps

DOE awards $1.8B contract to LLC to manage Jefferson Lab

The U.S. Department of Energy has awarded a new contract to operate the Thomas Jefferson National Ac[...]

A street view of Met Park. Photo courtesy Amazon.com

Amazon’s HQ2 hiring stalled in 2025

Amazon added no jobs at its Arlington headquarters last year that qualified for Virginia’s workfor[...]

16th Annual Best Places to Work in Virginia

16th Annual Best Places to Work in Virginia

For the 16th year, Virginia Business is pleased to present the Best Places to Work in Virginia list,[...]

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CoStar amends lawsuit against Zillow, alleging further copyright violations

CoStar Group last week filed an amended complaint against Zillow, alleging that the company continue[...]

A photo of a Leidos sign and a glass covered building.

Leidos completes $2.4B acquisition of design firm

Leidos announced that it has completed its $2.4 billion acquisition to buy utilities infrastructure [...]

People

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Richmond Region Tourism names inaugural chief growth officer

2/4/2026
Norfolk-based Colonna’s Shipyard has appointed Brian Waterfield to be its new chief financial officer.

Colonna’s Shipyard hires new CFO

30/3/2026
Josephus Allmond. Photo courtesy Virginia Office of the Governor.

Spanberger appoints inaugural chief energy officer

25/3/2026

Regions

U.Va. Wise’s SMR control room simulator will aid workforce development, says Chancellor Donna P. Henry. Photo courtesy University of Virginia’s College at Wise

U.Va. Wise installs SMR control room simulator

U.Va. Wise installed a NuScale SMR control room simulator funded by a Virginia Clean Energy grant to[...]

In January, Petersburg became Virginia’s fifth city with a casino. Photo by Jay Paul

Petersburg rolls out temporary Live! Casino

Petersburg launched a temporary Live! Casino featuring 900 slot machines and 30 table games while th[...]

A casino could be in the cards for Winchester. Rendering courtesy Winchester Economic Development Authority

Winchester Council greenlights casino study

Winchester City Council approved a feasibility study for a casino and entertainment complex, with a [...]

Norfolk International Airport officials and regional elected leaders celebrated the opening of the international arrivals facility. Photo by Josh Janney

Norfolk airport undergoes $1B modernization

As passenger numbers at Norfolk International Airport grow past pre-pandemic levels, the airport is [...]


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