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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Economic Development 2023: STEPHANIE LANDRUM
Virginia 500 August 30, 2023

Economic Development 2023: STEPHANIE LANDRUM

Economic growth in Northern Virginia continues surging with the ongoing construction of the $1 billion Virginia Tech Innovation Campus in Potomac Yard. In February, development reached a milestone when officials raised a steel beam to the 11th floor of the campus’s anchor building. The 300,000-square-foot structure is expected to open by the fall 2024 semester […]

Federal Contractors | Technology 2023: GREG BARONI 
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: GREG BARONI 

Philanthropist, entrepreneur, sports team owner and tech executive Baroni co-founded McLean-based Attain LLC, a management, tech and compliance consulting firm, in 2009. The company split in 2021, selling its federal arm to Reston-based health care company Maximus for $430 million. Attain’s remaining education, nonprofit, health care and state and local government sectors now operate private[...]

Federal Contractors | Technology 2023: STU SHEA
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: STU SHEA

A fixture in the national security industry, Shea has led the expansion of a 6-year-old private company into a major defense contractor through a series of acquisitions, including the 2021 purchase of Northrop Grumman’s federal IT and mission support services business. The growing company recently moved its headquarters from Herndon to Reston, which serves as […]

Federal Contractors | Technology 2023: JEFF SHOCKEY
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: JEFF SHOCKEY

Shockey is lead executive at the Arlington corporate headquarters of the world’s second largest defense contractor, RTX. Formerly Raytheon Technologies, the company announced a reorganization in June. In February, he became the senior official in Arlington upon the retirement of Roy Azevedo, who was president of Raytheon Intelligence & Space, now consolidated with Raytheon Missiles [&hel[...]

Retail | Wholesale | Food | Beverage 2023: ARTHUR ‘BO’ FISHER III
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: ARTHUR ‘BO’ FISHER III

Bo Fisher spoke of “the great loss of my father, partner, boss and best friend,” when his father, Art Fisher, died in 2004. Already serving as president of Fisher Auto Parts, the younger Fisher was unanimously elected to succeed his dad as CEO and chairman of the board. He also serves as chairman of Federated […]

Retail | Wholesale | Food | Beverage 2023: JIM KOONS
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: JIM KOONS

Koons owns and operates 20 auto franchises in the mid-Atlantic region, under the umbrella of the nation’s 13th largest used-vehicle dealership and Virginia’s biggest, according to Automotive News. Koons’ father, John, opened the first location in 1964 in Falls Church, and Jim Koons bought out his brother’s stake in the business in 1992. With more […]

Hospitality | Tourism 2023: CHRISTY S. COLEMAN
Virginia 500 August 30, 2023

Hospitality | Tourism 2023: CHRISTY S. COLEMAN

As head of the foundation administering two museums of early American history, Coleman is at the forefront of educators weaving a nuanced and inclusive story of American history. Coleman is the first woman and the first person of color to serve as executive director of the state agency that operates Jamestown Settlement and the American […]

Hospitality | Tourism 2023: ERIC TERRY
Virginia 500 August 30, 2023

Hospitality | Tourism 2023: ERIC TERRY

With four decades of hospitality experience, Terry has advocated for the Virginia Restaurant, Lodging & Travel Association’s 1,500-plus industry members since joining as president in 2014. During the pandemic, Terry led the VRLTA in persuading state legislators to allocate $250 million in federal stimulus funds for industry relief. He also spearheaded support for legislation approved [&h[...]

Nonprofits | Philanthropy 2023: SHERRIE ARMSTRONG
Virginia 500 August 30, 2023

Nonprofits | Philanthropy 2023: SHERRIE ARMSTRONG

The Community Foundation for a greater Richmond has been committed to improving the quality of life for residents in the Richmond region for more than 50 years. Last year the foundation awarded more than $4.6 million to 125 local organizations through its annual Community Impact grants program, helping individuals and families build a path to […]

Economic Development 2023: TODD P. HAYMORE
Virginia 500 August 30, 2023

Economic Development 2023: TODD P. HAYMORE

Since 2018, Haymore has led Hunton Andrews Kurth‘s global economic development wing, providing strategic advice to guide multinational and national companies to expand or relocate their businesses to Virginia. In July, he became rector of Virginia Commonwealth University. Formerly the state’s commerce and trade secretary and agriculture and forestry secretary under Govs. Terry McAuliff[...]

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Top Stories

United States Federal Communications Commission logo and U.S. flag are seen in this illustration taken April 23, 2025. REUTERS/Dado Ruvic/Illustration

FCC approves $3.5B sale of Tegna to Nexstar despite state objections

The FCC approved Nexstar's $3.54 billion acquisition of Tegna, expanding its reach to 80% of U.S. TV[...]

The Lego Group has already hired more than 500 workers in the Richmond region as it builds its $1 billion Chesterfield County factory. Photo courtesy The Lego Group

Lego to double Chesterfield workforce to 900 by end of year

The Lego Group expects its workforce at the $1 billion Chesterfield facility under construction to g[...]

Bon Secours St. Francis Medical Center. Photo by Virginia Business/Kira Jenkins.

State approves three Chesterfield hospital projects, totaling $672M

Virginia State Health Commissioner Cameron Webb last week signed off on three Chesterfield County ho[...]

A slot machine

Tysons casino bill clears General Assembly

Virginia lawmakers approved a bill allowing a Fairfax County referendum on a Tysons casino. The meas[...]

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With Assembly passage, Virginia inches closer to cannabis retail sales

Virginia lawmakers approved a bill to regulate adult-use cannabis retail sales, establishing taxes a[...]

Depositphotos

Virginia House and Senate clash over data center tax breaks

A fight between the Virginia House and Senate over a tax break for data centers has brought budget n[...]

People

Rooksby.   Photo courtesy of the University of Richmond

Gonzaga dean to head up University of Richmond School of Law 

20/3/2026

New president of Massimo Zanetti Beverage USA

Portsmouth coffee manufacturer announces new president

19/3/2026

L to R: Harry Golliday and William "Billy" Beale. Photo courtesy Blue Ridge Bankshares

Blue Ridge Bankshares CEO retires after turnaround

16/3/2026

Regions

Three data center projects totaling 7 million-plus square feet are under construction now in Stafford County. Photo by HAIYAN/Adobe Stock

NoVa data center development moves down I-95

Stafford County is experiencing rapid data center growth with three major projects underway and 18 i[...]

VFP’s Scott Jones says the company will have six buildings on its Duffield campus after its latest expansion. Photo by Earl Neikirk

VFP moves forward on $30M expansion in Scott County

VFP is investing $35 million to expand its Scott County facility, adding new buildings and jobs to s[...]

Arlington County reported investment in about 268,000 square feet of office space in 2025. Photo courtesy Adobe Stock

Northern Virginia focuses on strengths amid federal cuts

Northern Virginia's economy adapts to federal job cuts in 2025 by expanding defense tech, aerospace,[...]

Wrap Technologies held a ribbon cutting in September 2025 for its $4 million manufacturing headquarters in Norton. Official photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Manufacturing-heavy Southwest Virginia captures new industries 

Southwest Virginia sees major investments in manufacturing, indoor agriculture, and energy projects,[...]


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