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Recent Articles from Kira Jenkins
All businesses great and small
There are 32.5 million small businesses in the United States, employing more than 61 million people and making up a staggering 99.9% of the nation’s businesses, according to the U.S. Small Business Administration. As business journalists, though, we tend to focus almost exclusively on the larger businesses that reap bigger profits and make bigger news. […]
2022 Virginia 500: Moving up
When I give my elevator speech about the Virginia 500, it usually starts this way: It’s like the Fortune 500, but instead of focusing on companies, it’s about people. More specifically, unlike the Fortune 500, which ranks companies by gross revenues, this is a more subjective list. We strive to inventory the most powerful and […]
Diamonds in developers’ eyes
Standing near the grand entrance of upcoming entertainment venue and food hall The Park at RVA, Orcun Turkay says he’s excited for the future of Richmond’s newly branded Diamond District. He calls it “Scott’s Addition 2.0,” referencing the trendy adjoining neighborhood. Exact plans for the Diamond District, which will include a replacement for the city’s […]
Breaking rank
What a difference a year makes. On July 13, 2021, against a backdrop of ships blasting their horns and spraying water in celebration at the Port of Virginia’s Norfolk International Terminals, Gov. Ralph Northam sat for a harborside interview with CNBC, which had just named Virginia the nation’s best state for business for an unprecedented […]
Virginia’s Fortune 500 companies
Virginia continues to perform well on the Fortune 500, with 21 companies from the commonwealth making the 2022 list, which ranks the 500 largest publicly traded companies in the United States by total revenue. Mortgage finance company Federal Home Loan Mortgage Corp. (“Freddie Mac”) once again topped Virginia’s list of Fortune 500 companies. With $65.89 […]
CVTC property inches closer to redevelopment
Once home to more than 3,600 people with intellectual disabilities and other conditions, the Central Virginia Training Center property in Amherst County is drawing closer to a different future. In June, Gov. Glenn Youngkin signed into law the latest state budget, which removed $25 million in tax obligations from the 350-acre site, making it more […]
Youngkin, CNBC see room for growth in Va.
In July, Virginia ceded the top spot in CNBC’s America’s Top States for Business rankings to neighboring North Carolina, with Virginia taking third place in the annual list. Virginia had previously held the No. 1 slot for a record-breaking two years — a feat no other state has matched in the coveted award’s 15-year history. […]
Big deals
These are some of the state’s biggest economic development announcements in 2021 and 2022, expected to create at least 100 jobs each. CENTRAL VIRGINIA Chesterfield County: Lego Group, the manufacturer of the iconic brightly colored interlocking plastic toy bricks, announced in June it will build a $1 billion plant in Chesterfield County’s Meadowville Technology Park, […]
Boeing will move global HQ to Arlington
The Boeing Co., the world’s third-largest defense contractor, is moving its global headquarters from Chicago to Arlington, the company announced May 5. With more than 141,500 employees worldwide and operations in more than 65 countries, the aerospace and defense company will be the largest defense contractor headquartered in Virginia. Boeing already employs 400 people at its […]
Gift of a lifetime
For Dr. Todd Stravitz, February was an opportune time to make the largest gift in the history of Virginia Commonwealth University — a $104 million donation to support liver research. The retired medical director of VCU Health’s Hume-Lee Transplant Center, Stravitz is an heir to the Boar’s Head Provisions Co. Inc. fortune. His mother, Barbara […]
