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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Manufacturing: PABLO DI SI
Virginia 500 August 29, 2022

Manufacturing: ROBERT H. ‘ROB’ SPILMAN JR.

Publicly traded furniture manufacturer and retailer Bassett Furniture Industries was founded in 1902 and continues to be headquartered in Henry County’s Bassett area, part of greater Martinsville. The company sells home furnishings in about 100 retail locations in the United States and Puerto Rico. Spilman, who has been with Bassett for 38 years, became CEO […]

Education
News August 29, 2022

Education: MAKOLA M. ABDULLAH

Since becoming Virginia State University’s president in 2016, Abdullah has led the public HBCU to national prominence, as well as a budget surplus after the university was in debt before his tenure. U.S. News & World Report ranked VSU in the top 30 of its Best Overall HBCUs for 2022 and it was also named […]

2022 Virginia 500: Education
News August 29, 2022

Education: MICHAEL RAO

Already one of the highest-paid officials in state higher education, Rao recently received an 8% raise. In June, VCU’s board of visitors approved raising his salary to $708,000, citing his fundraising abilities and stewardship of the university and its medical facilities since the pandemic. Since his 2009 appointment as president, Rao has overseen infrastructure expansion […]

Health Care: DR. SANDY L. CHUNG
News August 29, 2022

Health Care: RONY THOMAS

During its 40 years, nonprofit LifeNet has assisted with 8 million organ, tissue and cell transplants. It employs more than 1,400 people globally, including 991 in Virginia. Known as an organ procurement organization (OPO), LifeNet connects patients with newly available organs — often kidneys, which are needed by about 80% of people on transplant lists […]

Telecommunications: CHRISTOPHER FRENCH
Virginia 500 August 29, 2022

Telecommunications: ERNIE ORTEGA

Ortega has spent his career in the telecom business since the days when a mobile phone couldn’t fit in your pocket. If you saw the movie “Wall Street,” Ortega says, you might recall the Motorola 8000 brick phone — it’s a model he used to sell. Ortega now serves as CEO of GTT Communications, which runs […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: T. RICHARD LITTON JR.

Litton serves as president of HGI, a real estate investment and management firm that reported a gross asset value of more than $19 billion in the first quarter of 2022. The company focuses on office, retail, multifamily and alternative investments throughout the country and the United Kingdom. One of its most famous properties is the […]

Economic Development
Virginia 500 August 29, 2022

Economic Development: Victor Hoskins

Named one of Washingtonian magazine’s 2022 Tech Titans, Hoskins came to Fairfax in 2019 after leading Arlington Economic Development and playing a key role in luring Amazon.com Inc.’s HQ2 East Coast headquarters to Virginia. In Fairfax, he’s continued attracting major businesses and retaining others, including the North American headquarters for StarKist Co. and Volkswagen Group [...]

Photo by Casey Curry/Invision/AP
News August 29, 2022

Living Legends: ROBERT DUVALL

Perhaps most famous as Corleone family consigliere Tom Hagen in the first two “Godfather” films, Duvall, 91, is still making movies, 60 years after he first hit the silver screen as Boo Radley in “To Kill a Mockingbird.” Since the 1990s, Duvall has lived on a 360-acre farm in Fauquier County, and he formerly co-owned […]

Energy: DIANE LEOPOLD
News August 29, 2022

Energy: DIANE LEOPOLD

Entering her 28th year with Dominion, Leopold is responsible for all the Fortune 500 utility’s operating segments, with oversight for Dominion Energy Virginia and Dominion Energy South Carolina, as well as the company’s gas distribution and contracted assets division. In all, she is responsible for nearly 7 million customer accounts and operations in at least […]

Federal Contractors/Technology: WILLIAM J. ‘BILL’ LYNN III
News August 29, 2022

Federal Contractors/Technology: WILLIAM J. ‘BILL’ LYNN III

In June, Leonardo DRS, a U.S. subsidiary of Italian defense contractor Leonardo SpA, announced it would merge with Israel-based Rada Electronic Industries Ltd., with plans to go public by the end of this year. Rada will become a wholly owned Leonardo subsidiary, operating under DRS’s Advanced Sensing and Computing segment. Lynn told Defense News that […]

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Top Stories

An aerial view of the Botetourt Center at Greenfield. Photo courtesy Botetourt County

Google confirms Botetourt data center campus

Google confirms plans for a Botetourt County data center campus, addressing water use, power and how[...]

John A. Luke Jr., a former rector of the VCU Board of Visitors

Longtime Richmond business leader dies at 77

John A. Luke Jr., a key figure in Richmond’s business community as longtime chief executive of Mea[...]

An offshore wind turbine. A boat sits in the background.

Dominion offshore wind farm delivers first power to the grid

Dominion Energy’s Coastal Virginia Offshore Wind project off Virginia Beach’s coast delivered i[...]

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[...]

People

Josephus Allmond. Photo courtesy Virginia Office of the Governor.

Spanberger appoints inaugural chief energy officer

25/3/2026

Corrie Teague Bobe. Photo courtesy City of Danville

Bobe to leave Danville economic development for regional foundation

25/3/2026

Dr. Robert Winn is leaving Virginia Commonwealth University's Massey Center in June. Photo courtesy VCU.

Head of VCU Massey Center to depart

24/3/2026

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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