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Home>Richard Foster

Richard Foster

[email protected]

Recent Articles from Richard Foster

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 […]

OurView: What’s fueling your startup dream?
Columnists May 30, 2024

Pivot points

Earlier this year, when I was invited to speak to a Henrico County Rotary chapter, I was asked several questions commonly heard these days by journalists. Do sources pay us to appear in our magazine stories? No. As an independent media outlet, we are not pay-to-play; we decide who and what we write about and […]

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. […]

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Editor April 1, 2024

Which way the Venn blows

It feels like one of those logic puzzles high school students grapple with on the SAT: If Delegate Sally passes a law to require utilities in her state to generate all their electricity from renewable, carbon-free energy sources like wind and solar by 2045, what is the latest year CEO Tom’s power plant can stop […]

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 […]

Photo by Randy Duchaine / Alamy Stock Photo
Real Estate February 13, 2024

CoStar Group moving global HQ to Arlington

UPDATED: Feb. 16, 10 a.m. CoStar Group, which already has a major presence in Richmond, will invest $20 million to move its global corporate headquarters from Washington, D.C., to Arlington County’s Rosslyn area, Virginia Gov. Glenn Youngkin announced Tuesday. Known for its online real estate marketplaces Apartments.com and Homes.com, the real estate analytics and data […]

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inside view January 30, 2024

Saving grace

When Del. Don L. Scott Jr., D-Portsmouth, was sworn in on Jan. 10 as the first Black speaker of the house in the Virginia legislature’s 405-year history, he also was likely the first leader of that illustrious body to have served time in federal prison. Reminiscent of the literary trials of Jean Valjean, Scott’s is […]

A rendering of Manassas aviation manufacturer Electra's commercial eSTOL aircraft. Image courtesy Electra.
Transportation January 25, 2024

Electra aircraft backlog hits $8B

Manassas-based aviation startup Electra.aero has surpassed 2,000 orders for the electric short takeoff and landing (eSTOL) aircraft it’s developing, totaling an $8 billion backlog, the company announced Tuesday. Electra signed a letter of intent in December 2023 to deliver its blown-lift, fixed-wing eSTOL aircraft to Finnish regional private air carrier startup Lygg, followed by similar [&he[...]

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Top Stories

Health systems forecast pain from Medicaid cuts

Health systems forecast pain from Medicaid cuts

Virginia hospitals face closures as Medicaid cuts hit budgets; Augusta Health closes clinics, warns [...]

Brian Warpup inspects one of his soybean fields in Warren, Ind., Thursday, Sept. 11, 2025. (AP Photo/Michael Conroy)

Trump’s trade battle with China puts soybean farmers in peril

China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously[...]

Trump slaps tariffs on drugs, furniture, trucks

Trump slaps tariffs on drugs, furniture, trucks

Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy tru[...]

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

OMB told agencies to prepare mass layoffs if the government shuts down next week, escalating pressur[...]

The University of Virginia lawn. Photo courtesy U.Va.

15 Virginia schools make U.S. News’ 2026 universities list

Fifteen Virginia schools made the U.S. News & World Report’s 2026 Best National Universities list.[...]

President Donald Trump speaks as Commerce Secretary Howard Lutnick listens alongside a poster of the Trump Gold Card in the Oval Office of the White House, Friday, Sept. 19, 2025, in Washington. (AP Photo/Alex Brandon)

Virginia employers face new costs from Trump’s $100k H-1B visa fee

Trump’s $100K H-1B visa fee sows uncertainty for employers, universities and immigrant advocates, [...]

People

Antonio Perez Jr. has been named General Manager of Rivers Casino Portsmouth. Photo courtesy RIvers Casino Portsmouth

Rivers Casino Portsmouth hires new general manager

2/10/2025

The Flagstop Car Wash location at 11031 Iron Bridge Road in Chester. Photo courtesy Flagstop.

Richmond-area car wash chain promotes CEO, other execs

30/9/2025

Timmons Group appoints chief marketing officer

Timmons Group appoints chief marketing officer

30/9/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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