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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Education
Virginia 500 August 29, 2022

Education: GREGORY WASHINGTON

When Washington started as GMU’s president in July 2020, he made history as its first Black leader, joining during a particularly challenging time, after the COVID-19 pandemic moved classes online. Under Washington’s leadership, Mason has seen enrollment increase, and the university is expanding in Arlington, Fairfax and Prince William counties, as well as at its […]

Government | Politics
Virginia 500 August 29, 2022

Government/Politics: TIM KAINE

After the COVID-19 pandemic first hit, Kaine and his congressional colleagues worked to respond with measures like passing a stimulus package, the CARES Act and the Paycheck Protection Act.  After battling the virus himself and facing long-term effects, Kaine introduced the CARE for Long COVID Act this year.  Kaine’s political career spans many public offices […]

Finance/Insurance: MONIQUE S. ADAMS
Virginia 500 August 29, 2022

Finance/Insurance: MONIQUE S. ADAMS

Born out of recommendations from a group seeking to make Hampton Roads less dependent on federal defense spending, 757 Angels matches a network of more than 100 business and community leaders in the Hampton Roads region with Virginia-based entrepreneurs who need funding and mentoring to develop their early-stage companies. So far, the group’s investors have […]

Health Care: DR. SANDY L. CHUNG
Virginia 500 August 29, 2022

Health Care: WILLIAM B. ‘BILL’ DOWNEY

Since 2012, Downey has led Riverside Health System, where he oversees 9,000 employees and shepherds major projects to expand health care services in the Hampton Roads region. Earlier this year, Riverside broke ground on a building that will house the region’s first standalone 24-hour psychiatric emergency department, scheduled to open in 2023. Also under Downey’s […]

Transportation: ED ALDRIDGE
Virginia 500 August 29, 2022

Transportation: ADAM COHEN and ELAN COHEN

The body that oversees ships flagged from the west African nation of Liberia is not the country’s government, but a company based in Virginia. Liberian International Ship & Corporate Registry, founded by Yoram Cohen and run by his sons, totals more than 5,000 vessels, comprising more than 200 million gross tons, and represents 14% of […]

Transportation: ED ALDRIDGE
Virginia 500 August 29, 2022

Transportation: STEPHEN A. EDWARDS

At what everyone hopes is the end of the COVID-19 pandemic, it’s no longer a surprise to read another headline declaring that the Port of Virginia has shattered a previous cargo record. The port did so again in May 2022, when it handled more than 340,000 TEUs (20-foot equivalent units), breaking the previous record set […]

Transportation: ED ALDRIDGE
Virginia 500 August 29, 2022

Transportation: W. SHEPPARD ‘SHEP’ MILLER III

A lifelong Norfolk resident, Miller was appointed state transportation secretary by Gov. Glenn Youngkin in January. He was previously appointed by Gov. Ralph Northam to serve on the Commonwealth Transportation Board, a body he now chairs. In 2017, Miller retired as chairman of Virginia Beach defense contractor KITCO Fiber Optics, which was acquired by Berkshire […]

Telecommunications: CHRISTOPHER FRENCH
Virginia 500 August 29, 2022

Telecommunications: MATTHEW J. DESCH

Desch has led Iridium for 16 years and serves on its board. The satellite communications company connects clients around the globe, reporting more than 1.72 million subscribers and $614.5 million in 2021 revenue. Iridium operates 66 low earth orbiting satellites and works with partner companies to provide voice and data communications services, including Wi-Fi hotspots, […]

Manufacturing: PABLO DI SI
Virginia 500 August 29, 2022

Manufacturing: TOM HAYES

Hayes has worked at Swedish Match since 2006 and was promoted to group chief financial officer in 2018. In August 2020, he took over as president after Richard Flaherty retired. Swedish Match’s U.S. Division is based in Richmond, while Swedish Match AB is based in Stockholm. The company develops, manufactures and sells smoke-free oral tobacco products that […]

Manufacturing: PABLO DI SI
Virginia 500 August 29, 2022

Manufacturing: ASHLEY B. SMITH

Although Smith became CEO in 2018, he did not become Smith-Midland Corp.’s board chairman until January 2022, after his father, Rodney I. Smith, stepped down after 62 years. The family company, founded in 1960 by David G. Smith (Ashley Smith’s grandfather), manufactures, licenses, rents and sells precast concrete products. The company was originally known as […]

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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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