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Home>Richard Foster

Richard Foster

[email protected]

Recent Articles from Richard Foster

Virginia’s Fortune 500 companies
Industries July 29, 2025

Virginia’s Fortune 500 companies

Freddie Mac, the federally sponsored mortgage business headquartered in McLean, continues to be the top-ranked Virginia-based company at No. 38, down two spots from last year, with $122 billion in annual revenue Arlington County-based defense contractors RTX and Boeing were the second and third highest ranking companies based in Virginia, with RTX moving up one […]

Virginia dropped to No. 4 in CNBC's 2025 Top States for Business rankings.
Top Stories July 10, 2025

Virginia falls to No. 4 among CNBC’s top states for business

Virginia lost its spot at the top of CNBC's annual Top States for Business report, the cable business network announced Thursday.

OurView: Our name is United S., and we’re addicted to undocumented labor
Opinion June 29, 2025

OurView: Our name is United S., and we’re addicted to undocumented labor

Amid all the recent protests, debates and debacles regarding illegal immigration and the second Trump administration’s heavy-handed response to it, one truth seems to be getting lost: America is reliant on undocumented workers. In its October 2024 study, “Mass Deportation: Devastating Costs to America, Its Budget and Economy,” the left-leaning American Immigration Council found that [&he[...]

International Longshoremen's Association workers strike at the Port of Virginia on Oct. 1, 2024, when there was a mass work stoppage at ports on the East and Gulf coasts. Photo by Mark Rhodes
Industries June 22, 2025

Virginia Business wins two international journalism awards

Virginia Business won two journalism awards for breaking news coverage and explanatory journalism in the 2025 Alliance of Area Business Publishers awards.

Freddie Mac headquarters in McLean. Photo courtesy Freddie Mac
Top Stories June 2, 2025

41 Virginia companies made the 2025 Fortune 1000

Forty-one companies headquartered in Virginia made the grade in Fortune magazine’s 71st annual Fortune 1000 list, and 25 Virginia companies are on this year's elite Fortune 500.

OurView: What’s fueling your startup dream?
Editor June 1, 2025

OurView: What’s fueling your startup dream?

Explore Virginia’s startup scene, from AI to VC deals, in the third annual edition of StartVirginia. Insights and inspiration for your next big idea!

Virginia Republican candidate for lieutenant governor John Reid posted a video April 25, 2025, saying that he would stay in the race despite Gov. Glenn Youngkin's demand that he resign from the ticket.
Editor June 1, 2025

OurView: Nothing new under the sun in Virginia politics

In late April, GOP lieutenant governor candidate John Reid posted a highly atypical campaign video on X. His political enemies within the party, Reid alleged, were staging a “coordinated character assassination attempt to force [him as] the first openly gay candidate off the Republican statewide ticket.” Gov. Glenn Youngkin, Reid said, had asked him to […]

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)
Opinion April 30, 2025

Trump’s tariffs echo Hoover-era economic missteps

Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.

Virginia Business sales manager named sales professional of year
Industries April 13, 2025

Virginia Business sales manager named sales professional of year

Virginia Business won 12 awards in the Virginia Press Association‘s 2024 News & Advertising Contest, and Sales Manager Toni McCracken was named Outstanding Sales Professional of the Year, the state organization announced during an awards banquet held Saturday at the Omni Richmond Hotel. “Toni’s career in Virginia media sales is remarkable. She is a mentor, a […]

Elon Musk, left, shakes hands with President Donald Trump at the finals for the NCAA wrestling championship, Saturday, March 22, 2025, in Philadelphia. (AP Photo/Matt Rourke)
Our View March 31, 2025

Our View: Trump charts chaotic course in trade wars

Since taking office on Jan. 20 for his second term, President Donald Trump has steered the ship of state full speed on a seemingly chaotic course, mostly navigating an about-face from the Biden administration’s policies and only very occasionally zigzagging away from buffeting winds of public disapproval. In support of making progress on the administration’s […]

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Top Stories

MacArthur Center mall was built in 1999. The city announced it will be demolished this year to make way for a redevelopment. Photo courtesy Norfolk Convention & Visitors Bureau Offices

Norfolk’s MacArthur Center to be demolished this year

The city of Norfolk announced Friday that it will close and demolish the MacArthur Center mall as pa[...]

Boar’s Head reopens Jarratt plant tied to deadly listeria outbreak

Boar’s Head reopens Jarratt plant tied to deadly listeria outbreak

Boar’s Head Provisions reopened its Jarratt meat plant Monday, roughly a year and a half after clo[...]

Gov. Abigail Spanberger speaks during the InternshipsVA event Feb. 4, 2026, at the Omni Hotel Richmond. Photo courtesy Virginia Economic Development Partnership

State commits $14.5M yearly for new paid internship program

Virginia political, higher education and economic development leaders announced InternshipsVA, a new[...]

An aerial view of the Botetourt Center at Greenfield. Photo courtesy Botetourt County

Google could spend $3B building Botetourt data centers

State documents reveal Google’s plan for a data center campus in Botetourt County that could cost [...]

Leadership: The Virginia Power 50 List

Henrico-based Arko launches IPO of petroleum subsidiary, seeks up to $910M

Henrico County-based Fortune 500 company Arko is seeking a valuation of as much as $910 million in i[...]

Photo by AdobeStock

Amazon to close five Virginia stores, cut nearly 700 jobs

Amazon plans to close five Amazon Fresh stores in Northern Virginia, laying off about 700 workers be[...]

People

The Virginia Chamber of Commerce on Wednesday elected Jennifer Siciliano to chair its board of directors this year.

Virginia Chamber elects UVA Health exec as board chair

5/2/2026

Kenneth Alexander. Photo courtesy Virginia Community College System

Norfolk mayor named Richard Bland College’s interim president

30/1/2026

Tina Leone. Photo courtesy River District Association

Danville’s River District Association has new leader

28/1/2026

Regions

Norfolk casino General Manager Ron Bailey leads a tour of the Interim Gaming Hall, which opened in November 2025. Photo by Kristen Zeis

Will new casino be a jackpot for Norfolk?

Norfolk’s $750M casino project is on track for 2027, but rising competition and lower tax projecti[...]

Clarke County Industrial Development Authority Chair William Waite, Clarke County Director of Economic Development & Tourism Michelle Ridings and Clarke County Board of Supervisors Chair David Weiss stand at the site of a proposed business park. Photo by Norm Shafer

Clarke to repurpose ex-prison site into business park

Clarke County’s long-planned second business park has taken a significant step toward becoming[...]

InternshipsVA could help the region retain talent, says EO’s Travis Staton. Photo by Earl Neikirk

EO to lead internship development program

A new statewide initiative is connecting Southwest Virginia businesses with emerging talent at the r[...]

Vinton Town Manager Pete Peters at Extended Stay America Premier Suites site Photo by Natalee Waters

Roanoke Valley confronts hotel room shortage

As a trio of hotels shuttered in the city over the past several years, the number of rooms available[...]


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