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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Retail | Wholesale | Food | Beverage 2023: JACK WOODFIN
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: JACK WOODFIN

For Woodfin, heating and cooling is a family affair: His parents, John and Anne, started Woodfin Heating in 1977 to sell heating oil, growing it into one of the largest privately held HVAC-related businesses in Virginia. A Virginia Military Institute and University of Virginia Darden School of Business alum, Woodfin began working with his parents […]

Finance | Insurance 2023: JOSEPH W. ‘JOE’ MONTGOMERY
Virginia 500 August 30, 2023

Finance | Insurance 2023: JOSEPH W. ‘JOE’ MONTGOMERY

It’s coming up on Montgomery’s 50th anniversary of working at Optimal Service Group of Wells Fargo Advisors, a wealth management firm with about $28 billion in funds under advisement. A former All-American captain of William & Mary’s football team, Montgomery was inducted this year into the Virginia Sports Hall of Fame. When he wasn’t chosen […]

Hospitality | Tourism 2023: CLIFFORD B. ‘CLIFF’ FLEET
Virginia 500 August 30, 2023

Hospitality | Tourism 2023: CLIFFORD B. ‘CLIFF’ FLEET

A corporate executive and college professor, Fleet became the ninth president of the world’s largest living history museum in 2020. He is charged with sharing America’s enduring story with new and diverse audiences, while improving its financial health. Before joining the Colonial Williamsburg Foundation, Fleet served as CEO and president of 22nd Century Group and, […]

Real Estate 2023: LOUIS J. ROGERS
Virginia 500 August 30, 2023

Real Estate 2023: LOUIS J. ROGERS

Since Rogers founded Capital Square in 2012, the real estate investment company has completed more than $7.5 billion in transaction volume and grew from handling mainly Delaware Statutory Trust 1031 Exchange offerings to launching a real estate investment trust and developing and operating multifamily properties across the nation. In September 2022, Rogers’ son-in-law, Whitson Huffman, [&hel[...]

Real Estate 2023: TERRIE L. SUIT
Virginia 500 August 30, 2023

Real Estate 2023: TERRIE L. SUIT

When Suit started her career, she worked for a builder, then became a Realtor and later a mortgage loan officer. Today, after serving as the state’s first secretary of Veterans Affairs and Homeland Security, as well as a Republican state delegate for eight years, Suit now leads Virginia’s largest trade association. She advocates for 38,000 […]

Energy 2023: ROBERT DUVALL
Virginia 500 August 30, 2023

Energy 2023: ROBERT DUVALL

As president of VNG for the second time, Duvall is responsible for the delivery of natural gas to more than 310,000 customers in southeastern Virginia. A civil engineering graduate of Clemson University, Duvall started his career in 1984 as a distribution engineer at Atlanta Gas Light, a subsidiary of Southern Company Gas, VNG’s Atlanta-based parent […]

Economic Development 2023: ANTHONY ROMANELLO
Virginia 500 August 30, 2023

Economic Development 2023: ANTHONY ROMANELLO

In the past year, Romanello was instrumental in growing Henrico’s data center footprint, as QTS Data Centers announced a 1.5 million-square-foot expansion to be completed in 2024, and the DE-CIX Richmond internet exchange opened in November 2022. In other sectors, education research firm EAB announced it was bringing 200 more jobs to Henrico, and plans […]

Education 2023: BRIAN O. HEMPHILL
Virginia 500 August 30, 2023

Education 2023: BRIAN O. HEMPHILL

Hemphill arrived at Old Dominion in 2021 with big goals for the 93-year-old public R1 research university, like the April opening of the Hampton Roads Biomedical Research Consortium, a partnership among ODU, Norfolk State University, Eastern Virginia Medical School and Sentara Health. The consortium aims to jumpstart scientific research and address health care disparities in […]

Federal Contractors | Technology 2023: THEODORE ‘TED’ COLBERT III
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: THEODORE ‘TED’ COLBERT III

Recent years have been brutal for Boeing, which has dealt with supply-chain disruptions and delays in its defense programs. Named head of the world’s fifth largest defense contractor’s defense, space and security division in 2022, Colbert said in June at the Paris Air Show that he expected second quarter 2023 losses similar to this year’s […]

Media 2023: PAULA  A. KERGER
Virginia 500 August 30, 2023

Media 2023: PAULA A. KERGER

Kerger holds the distinction of being the longest-serving president and CEO in PBS‘ 54-year history. During her 17-year tenure, Kerger has helped deepen and increase the organization’s reach and impact by moving it from traditional TV broadcasting to multiplatform digital media. As the country’s largest noncommercial media organization, with more than 330 member stations, PBS [&h[...]

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Top Stories

The interior of a data center

Digital Realty to buy Alexandria VC firm founded by Warner

Digital Realty plans to acquire Alexandria venture capital firm Columbia Capital in a deal that coul[...]

Pictured in 2021, George Mason University President Gregory Washington. Photo courtesy George Mason University

GMU president’s contract extended through 2031

Washington's job appeared to be in jeopardy less than a year ago, as the Trump administration launch[...]

Gov. Abigail Spanberger signs a bill increasing Virginia's minimum wage to $15 per hour by 2028.

Virginia budget with data center tax moves to Spanberger’s desk

Virginia legislators passed a compromise biennial budget Monday that includes an electricity consump[...]

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[...]

People

Jacco van Teeffelen. Photo courtesy The Omni Homestead Resort & Spa

Omni Homestead taps new managing director

23/6/2026

CACI International announced that David Young has joined the company as executive vice president and chief operating officer. Photo courtesy CACI

CACI appoints new COO

22/6/2026

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

12/6/2026

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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