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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Nonprofits | Philanthropy 2023: TIM ROSE
Virginia 500 August 30, 2023

Nonprofits | Philanthropy 2023: TIM ROSE

As CEO of the U.Va. Foundation for the past three decades, Rose oversees most of the real estate endeavors for the state’s flagship public university and its associated organizations. Currently, Rose is working with U.Va. on a large affordable housing project, as well as the construction of a $130.5 million hotel and conference center, set […]

Law 2023: DAVID C. BURTON
Virginia 500 August 30, 2023

Law 2023: DAVID C. BURTON

Burton’s practice centers on corporate, labor, employment and immigration law, while he also manages his firm’s Hampton Roads offices. The itch to enter law began with his family. “My father was a journalist with Richmond Newspapers Inc.,” says Burton, who earned his law degree from the University of Richmond. “He was a reporter [covering] Henrico […]

Economic Development 2023: JONATHAN S. BELCHER
Virginia 500 August 30, 2023

Economic Development 2023: JONATHAN S. BELCHER

In addition to leading the Virginia Coalfield Economic Development Authority, Belcher has also headed up the Virginia Coalfields Expressway Authority since 2020. This year, the Virginia Department of Transportation received $7 million from the federal government, which the expressway authority will use to widen a 2-mile stretch of U.S. Route 460 in Buchanan County into […]

Economic Development 2023: TELLY TUCKER
Virginia 500 August 30, 2023

Economic Development 2023: TELLY TUCKER

A graduate of James Madison University, Tucker previously was director of Arlington Economic Development, and also served five years as director of economic development for Danville, before returning to Southern Virginia in May 2022 to head up IALR, a regional hub for advanced manufacturing training initiatives and economic development. This year, IALR’s Accelerated Training in […]

Retail | Wholesale | Food | Beverage 2023: ELIZABETH ‘LIZA’ MYERS BORCHES
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: ELIZABETH ‘LIZA’ MYERS BORCHES

Founded in 1924 by Borches’ great-grandfather, Carter Myers Automotive is Virginia’s fifth largest car sales group; it garnered $933 million in revenue during fiscal year 2022 and employs more than 1,000 people in Virginia. Since 2012, when Borches became CEO, CMA has grown to 23 dealerships. In September 2022, the company purchased Lynchburg’s Craft Automotive […]

Retail | Wholesale | Food | Beverage 2023: DENNIS ELLMER
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: DENNIS ELLMER

Ellmer launched Priority Auto in 1999 with the acquisition of two dealerships in Chesapeake. By 2023. he grew the business to No. 55 on Automotive News’ list of the top 150 dealer groups in the U.S., based on the 14,447 new vehicles the dealership sold in 2022. In June, auto retail giant Lithia Motors announced […]

Finance | Insurance 2023: MARY McDUFFIE
Virginia 500 August 30, 2023

Finance | Insurance 2023: MARY McDUFFIE

This year marks the 90th birthday of Navy Federal, the world’s largest credit union. As a leader focused on helping others thrive, McDuffie sees this milestone as an occasion to celebrate the credit union’s dedication to its members, writing on LinkedIn, “I’m thankful every day to be part of an organization that puts its people […]

Finance | Insurance 2023: ALBERTO SCHIAVON 
Virginia 500 August 30, 2023

Finance | Insurance 2023: ALBERTO SCHIAVON 

Schiavon, who joined Elephant Auto Insurance in 2017 as its head of marketing and pricing, became CEO just eight months later. The Italian executive (who shares a name with an Italian Olympic snowboarder) earned his MBA from the University of Manchester in England and his undergraduate engineering degree at the University of Padova in Italy. […]

Manufacturing 2023: WILLIAM ‘BILLY’ GIFFORD JR.
Virginia 500 August 30, 2023

Manufacturing 2023: WILLIAM ‘BILLY’ GIFFORD JR.

Gifford became Fortune 500 tobacco product manufacturer Altria’s CEO in 2020, after having served as president and CEO of subsidiary Philip Morris USA and holding other executive posts at Altria for the past 25 years. After four challenging years, during which Altria saw the value of its 35% stake in Juul Labs’ e-cigarette company plummet […]

Nonprofits | Philanthropy 2023: ELIZABETH A. McCLANAHAN
Virginia 500 August 30, 2023

Nonprofits | Philanthropy 2023: ELIZABETH A. McCLANAHAN

McClanahan brings a wealth of experiences in law, leadership and higher education to her role as CEO of the Virginia Tech Foundation. A lifelong Virginian and former justice on the Supreme Court of Virginia, her ties to the university go back much further than her current position, which she took up in 2021. She has […]

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Top Stories

Depositphotos

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and mo[...]

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

Depositphotos

Solstice Advanced Materials to invest $220M in Chesterfield expansion

Solstice Advanced Materials plans to invest $220 million to expand production at its manufacturing f[...]

TowneBank in Chesterfield County. Photo by Kira Jenkins

TowneBank completes $476M acquisition of Dogwood State Bank

Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North[...]

Woman accused of running high-end brothels in Northern Virginia and near Boston set to be sentenced

Virginia Supreme Court orders new trial in $2B Appian-Pega case

The Virginia Supreme Court ordered a new trial in a $2 billion trade secrets lawsuit involving McLea[...]

Four ship-to-shore container cranes the Port of Virginia put into service at Virginia International Gateway in April 2025. The port will complete its $450 million dredging project next month, delivering the deepest shipping channels on the East Coast. Photo courtesy Virginia Port Authority

Port of Virginia to complete $450M dredging project in February

The Port of Virginia will complete its $450 million dredging project next month, delivering the deep[...]

People

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

15/1/2026

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Real Estate Information Network's new president John Chandler. Photo courtesy REIN

REIN announces 2026 board of directors

12/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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