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Home>Richard Foster

Richard Foster

[email protected]

Recent Articles from Richard Foster

How we assemble the Virginia 500
Virginia 500 August 29, 2024

How we assemble the Virginia 500

Welcome to our fifth annual edition of the Virginia 500! For those who aren’t familiar with the Virginia 500, we like to say that it’s like the Fortune 500 but instead of companies, it’s about people — specifically, the most powerful Virginia executives and officials in business, nonprofits, higher education, government and politics. The list […]

A BridgeTower to the future
Our View August 29, 2024

A BridgeTower to the future

On July 31, Virginia Business turned the page on a new chapter in our 38-year history as the magazine became part of the BridgeTower Media family of companies. Headquartered in neighboring North Carolina, our new parent company is a portfolio company of Los Angeles private equity firm Transom Capital Group. BridgeTower owns 40-plus B2B media […]

Virginia Gov. Glenn Youngkin speaks on CNBC July 11, 2024, as Virginia is ranked the nation's top state for business for a record sixth time.
Economic Development July 11, 2024

Virginia is CNBC’s Top State for Business for record sixth time

Virginia regained its crown as the No. 1 state in CNBC’s annual America’s Top States for Business rankings released Thursday, winning the top spot for a record sixth time. The cable business news network once again praised Virginia for having “the nation’s best education system and policies that give companies room — both literally and […]

Dominion Energy issues RFP for small modular reactor at North Anna
Energy/Green July 10, 2024

Dominion Energy issues RFP for small modular reactor at North Anna

At an event with Virginia Gov. Glenn Youngkin and other state officials at its North Anna nuclear power plant in Louisa County, Dominion Energy announced plans Wednesday to potentially develop a small modular reactor (SMR) at North Anna. Dominion officials said they were issuing a request for proposals for the SMR from nuclear technology companies, […]

October 2023 Virginia Business cover
News June 22, 2024

Virginia Business wins three national journalism awards

Virginia Business won three national journalism awards June 21, placing silver in three categories at The Alliance of Area Business Publishers’ (AABP) 2024 Editorial Excellence Awards ceremony, held in Baton Rouge, Louisiana. The magazine took home a silver award in the Best Magazine Cover Category for the November 2023 cover, an AI-generated photorealistic illustration of […]

2024 Virginia Business CFO Awards. From left: Virginia Business President and Publisher Bernie Niemeier; Large company winner: Sean Daily, CAES; Nonprofit/Government winner: John Zabrowski, VHC Health; Small company winner: Joel Flax, Cohen Investment Group; Richard Foster, Virginia Business editor/chief content editor. Photo by Rick DeBerry.
News June 13, 2024

Virginia Business announces 2024 Va. CFO Awards winners

Virginia Business recognized some of the state’s top chief financial officers from nonprofits and businesses across the commonwealth Thursday at its 2024 Virginia CFO Awards ceremony. This year’s Virginia CFO Awards black-tie banquet — the largest annual gathering of CFOs in Virginia — was held at The Jefferson Hotel in Richmond. “Being nominated for these […]

Freddie Mac headquarters in McLean. Photo courtesy Freddie Mac
Federal Contracting June 4, 2024

These 39 Va. companies made the 2024 Fortune 1000

Thirty-nine companies headquartered in Virginia are on Fortune magazine’s 70th annual Fortune 1000 list, with 24 Virginia companies again making the elite Fortune 500. Several of the Virginia companies saw their fortunes rise this year on the list, with top-ranked Virginia company Freddie Mac moving up nine spots to No. 36 on the overall Fortune […]

July 2023 Virginia Business cover
News May 5, 2024

Virginia Business wins 16 Va. Press Association awards

Virginia Business won 16 awards in the Virginia Press Association’s 2023 News & Advertising Contest, the state organization announced Saturday. The annual contest recognizes excellence in design, writing, photography, illustrations and advertising in participating publications across Virginia for the previous calendar year. This year’s contest was judged by members of the Missouri [...]

Boeing CEO to step down by end of year
Northern Virginia April 29, 2024

Boeing CEO to step down by end of year

In late March, Boeing President and CEO Dave Calhoun said he would step down by the end of the year. The announcement came amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air. […]

Boeing CEO Dave Calhoun
News March 25, 2024

Boeing CEO Calhoun to step down by year-end

Amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air, Boeing announced Monday that its president and CEO, Dave Calhoun, would step down from his position leading the embattled Arlington County-based Fortune 500 […]

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Top Stories

Formerly ousted U.Va. president has questions about Ryan’s departure

Formerly ousted U.Va. president has questions about Ryan’s departure

Former U.Va. President Teresa Sullivan weighs in on Jim Ryan’s resignation, drawing on her own exp[...]

Like many universities, George Mason University is addressing the problem of how best to reduce costs for students seeking to avoid extreme loan debt. Photo courtesy George Mason University

Trump administration investigating GMU for racial discrimination

The U.S. Department of Education’s Office for Civil Rights is investigating George Mason Universit[...]

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

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 busines[...]

Supreme Court allows Trump’s federal job cuts plan

Supreme Court allows Trump’s federal job cuts plan

WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for President Donald Trump’s[...]

Dollar Tree retail store

Dollar Tree completes $1B Family Dollar sale

Dollar Tree on Monday announced it has completed the sale of its Family Dollar business segment for [...]

Carilion Clinic raises $96M for cancer center

Carilion Clinic raises $96M for cancer center

Carilion Clinic is counting on public support to reach its $100 million goal to build a six-story ca[...]

People

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CV International taps new CFO

10/7/2025

Fred Pasquine. Photo courtesy Fairlead

Fairwinds Landing partner promotes new CEO

9/7/2025

A man wears a navy blue blazer and a green tie.

Dominion promotes Baine to EVP of utility operations

1/7/2025

Regions

Frederick prepares for data center development

Frederick prepares for data center development

Increasingly, data center developers are eyeing sites in parts of the commonwealth outside Northern [...]

Officials envision new life for shuttered state campus

Officials envision new life for shuttered state campus

Summary CVTC closed in 2020, costing the region 1,600 jobs and $87M. Redevelopment plan envisions ho[...]

Post GreenCity, Henrico tries again

Post GreenCity, Henrico tries again

Henrico revives arena plans after GreenCity collapse, targeting a 17,000-seat venue by 2028 amid law[...]

$35B Capital One-Discover merger closes

$35B Capital One-Discover merger closes

McLean-based Capital One Financial completed its $35.3 billion acquisition of Discover Financial Ser[...]


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