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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Finance | Insurance 2023: JEFF WRIGHT
Virginia 500 August 30, 2023

Finance | Insurance 2023: JEFF WRIGHT

Well into his second year as CEO of the German travel insurance and assistance company’s U.S. subsidiary, Wright carries with him a “love for extreme technical financial concepts” that led him to choose a career in the insurance industry. Wright earned his bachelor’s degree from the University of Richmond and his MBA at the University […]

Government | Politics 2023: WINSOME EARLE-SEARS
Virginia 500 August 30, 2023

Government | Politics 2023: WINSOME EARLE-SEARS

Earle-Sears wanted to be a lawyer, but after being accepted to law school, she had a change of heart, she says, and then “life got in the way.” Instead, she served in the U.S. Marine Corps, was elected to a term in the House of Delegates, managed a homeless shelter and spent a decade as […]

Hospitality | Tourism 2023: JIM McGLOTHLIN
Virginia 500 August 30, 2023

Hospitality | Tourism 2023: JIM McGLOTHLIN

McGlothlin has always had an innate sense for a good business opportunity. He built a fortune from coal mines and then pivoted to hospitality as the coal business began to recede. A William & Mary alumnus, McGlothlin has a bachelor’s degree in psychology and a law degree. He started out as a lawyer in Grundy, […]

Real Estate 2023: MARK J. HOURIGAN SR.
Virginia 500 August 30, 2023

Real Estate 2023: MARK J. HOURIGAN SR.

After stints with Westinghouse and Galloway, Mark Hourigan founded construction and development company Hourigan Group in 1993. The company has more than 200 employees, all based in Virginia. Notable Hourigan Group projects include the 17-story VCU Health Adult Outpatient Pavilion and the University of Richmond’s 8,700-seat Robins Stadium, as well as Apex Plaza, a mixed-use […]

Real Estate 2023: JON PETERSON
Virginia 500 August 30, 2023

Real Estate 2023: JON PETERSON

Founded in 1965 by Peterson’s late father, Milt, Peterson Cos. is responsible for some of the most prominent and successful mixed-use retail, residential and office developments in Northern Virginia and Maryland, including Fairfax Corner, Fair Lakes, National Harbor, Burke Centre and Tysons McLean Office Park. In 2021, the company branched out to self-storage, opening its […]

Economic Development 2023: BRYAN K. STEPHENS
Virginia 500 August 30, 2023

Economic Development 2023: BRYAN K. STEPHENS

Stephens has headed the Hampton Roads Chamber for the past 10 years, promoting business concerns in the region, home to Naval Station Norfolk, the world’s largest naval complex, as well as significant manufacturing and hospitality sectors.  The chamber maintained its U.S. Chamber of Commerce five-star accreditation in 2022, placing it in the top 1% of […]

Federal Contractors | Technology 2023: JAMES J. RHYU
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: JAMES J. RHYU

Rhyu has led online learning company Stride since January 2021. Founded in 2000 and formerly known as K12, the company provides K-12 education for students and schools, including career learning services for middle and high school curricula, and offers programs for the military and businesses, as well as professional skills training in health care and […]

Media: DOUG DAVIS
Virginia 500 August 30, 2023

Media 2023: DOUG DAVIS 

Davis brought with him more than a quarter-century of experience in the Virginia broadcast world when he stepped into the role of senior vice president and regional manager of Nexstar Media Group in 2017. His first broadcasting job in the region was at WVEC-TV, followed by stints as local sales manager of Norfolk’s WAVY-TV 10, […]

Retail | Wholesale | Food | Beverage 2023:  WILLIAM D. ‘BILL’ NASH
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: WILLIAM D. ‘BILL’ NASH

Nash began at CarMax in 1997 as an auction manager, working his way up to president and CEO in 2016. Founded in 1993 in Richmond as a subsidiary of electronics retailer Circuit City, CarMax is the country’s largest retailer of used cars, reporting $31.9 billion in 2022 revenue and employing more than 30,000 people. In […]

Hospitality | Tourism 2023: MICHAEL GEORGE
Virginia 500 August 30, 2023

Hospitality | Tourism 2023: MICHAEL GEORGE

A 40-year hospitality industry veteran, George founded Crescent Hotels & Resorts in 2001. The company operates more than 90 hotels and resorts and more than 250 restaurants and bars in the U.S and Canada. Its hotel portfolio includes Marriott, Hilton and Hyatt brands, along with a collection of independent hotels and resorts. This spring, Crescent […]

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Top Stories

Part of CarMax Park as seen from Arthur Ashe Boulevard. Photo by Katherine Schulte

Thalhimer files response to Flying Squirrels owner’s defamation lawsuit 

Thalhimer Realty Partners denies defamation claims by Richmond Flying Squirrels owner Lou DiBella in[...]

Virgnia Sen. Louise Lucas (left) speaks with an attendee of a Chesterfield County data center town hall she hosted June 16, 2026, with Sen. Mamie Locke (right). Photo by Kate Andrews/Virginia Business

Data center discord continues to block Virginia budget agreement

Virginia senators continue push for tax break repeal on data centers, while governor and House back [...]

Sen. Lashrecse Aird speaks during a June 16, 2026, news conference announcing Virginia's cannabis recreational sale framework, along with Gov. Abigail Spanberger and Del. Paul Krizek. Photo by Kate Andrews/Virginia Business

Spanberger, legislators come to marijuana retail compromise

Licensed recreational marijuana sales would start July 1, 2027, under compromise language entered in[...]

Gov. Abigail Spanberger touts the state's support for Jefferson Lab during a June 12 groundbreaking event for the Jefferson Lab Data Center. Photo by Josh Janney

Spanberger backs House budget, but data center tax fight divides Democrats

Gov. Abigail Spanberger said she supports the Virginia House of Delegates proposal of an "expansive"[...]

John G. Rocovich Jr. talks with cadets during the Distinguished Alumni of the Corps award ceremony in 2025. Photo courtesy Virginia Tech

Rocovich sues Spanberger, seeks reinstatement on Virginia Tech board

Less than two weeks after being removed from the Virginia Tech's Board of Visitors, John Rocovich su[...]

Private schools’ graduation numbers remain stable

Trey Falwell sues Liberty for $1.75M

Jerry “Trey” Falwell III is suing Liberty University for $1.75 million, alleging the school brea[...]

People

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

12/6/2026

Government Contractors | Technology 2025: GRAY, DeETTE

CACI International U.S. operations president to retire

9/6/2026

Hampden-Sydney College President Larry Stimpert. Photo courtesy Hampden-Sydney College

Hampden-Sydney president to retire next year

8/6/2026

Regions

More than $1 million in renovations are planned at The Inn at Wise. Photo courtesy The Inn at Wise

Inn at Wise gets new lease-purchase on life

MK4 Hotel owner Mike Patel signs a $3 million lease-purchase for the Inn at Wise, planning over $1 m[...]

L to R: Mark Heath, president and CEO of Martinsville-Henry County Economic Development Corp., and Henry County Administrator Dale Wagoner show off the Patriot Centre Industrial Park’s new shell building. Photo by Natalee Waters

Henry County partners with developer on shell building

Henry County partners with Marlboro Development Team to build a $10 million industrial shell buildin[...]

Portsmouth Economic Development Director Brian Donahue stands at the Crawford Bay site the city hopes to redevelop. Photo by Kristen Zeis

Portsmouth advances waterfront redevelopment plans

Portsmouth moves forward with selecting a developer for a mixed-use project on the 6-acre Crawford B[...]

Washington Dulles International Airport expects a record-breaking 30 million passengers in 2026. Photo courtesy Metropolitan Washington Airports Authority

Dulles ramps up airport expansion work

Washington Dulles International Airport plans to exceed 30 million passengers with the opening of Co[...]


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