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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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 […]

Telecommunications 2023: ERNEST ‘ERNIE’ ORTEGA
Virginia 500 August 30, 2023

Telecommunications 2023: ERNEST ‘ERNIE’ ORTEGA

Ortega began 2023 by announcing GTT had completed its financial restructuring and was marking “the beginning of an important new chapter” as a “customer-focused managed services provider.” Two weeks later, he revealed the company’s new marketing tagline, “Making exceptional possible.”  In 2021, the global provider of managed network and security services sold its infrastructure [...]

Professional Services 2023: JEREMY BLANK
Virginia 500 August 30, 2023

Professional Services 2023: JEREMY BLANK

Blank has worked at Big Four global accounting firm Deloitte since 1995, moving from a tax practice partner at the accounting firm to his current market leader position in January 2022. His expertise includes tax research and analysis, tax planning, mergers and acquisitions, tax technology and compliance. In fiscal year 2022, Deloitte reported record revenues […]

Law 2023: THE HON. MARK STEVEN DAVIS
Virginia 500 August 30, 2023

Law 2023: THE HON. MARK STEVEN DAVIS

Davis’ connection to the sea goes back to his specialty in maritime law in private practice, previously representing the company that won salvage rights to the Titanic. Davis joined McGuireWoods in 1989, became partner in 1996 and left in 1998 to join Carr & Porter. From 2003 to 2008, he served as a Portsmouth Circuit […]

Law 2023: CHIDI I. JAMES
Virginia 500 August 30, 2023

Law 2023: CHIDI I. JAMES

A partner with Blankingship & Keith, James is a personal injury attorney who handles wrongful death, products liability and inadequate security cases. He began his one-year term as Virginia State Bar president in June. Prior to joining the firm as an associate in 2003, James was a judicial law clerk to the Arlington County Circuit […]

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Top Stories

An aerial view of the property Buc-ee's purchased in Stafford County to pave the way for a travel center. Image courtesy S.L. Nusbaum Realty Co.

Buc-ee’s purchases Stafford site for planned travel center

Buc-ee's has purchased more than 35 acres in Stafford County near Interstate 95's Exit 140, paving t[...]

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 [...]

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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