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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Arts/Entertainment/Sports: CORAN CAPSHAW
News August 29, 2022

Arts/Entertainment/Sports: CORAN CAPSHAW

One of Billboard magazine’s Power 100, Capshaw founded Red Light Management in 1991 in Charlottesville, while helping Dave Matthews Band grow organically from a local favorite to a powerhouse touring group. The largest independent music management company in the world, Red Light has reaped a reported $500 million in touring gross income. Its managers represent almost 400 artists, including[...]

Arts/Entertainment/Sports: TODD ‘PARNEY’ PARNELL
News August 29, 2022

Arts/Entertainment/Sports: TODD ‘PARNEY’ PARNELL

Parnell has been strategizing a financial comeback for the Flying Squirrels — the Double-A affiliate of the San Francisco Giants. Revenues were down more than 95% in 2020, when the season was canceled due to the pandemic. Parnell, who came to Richmond with the team in 2010,  makes more than 100 appearances a year for […]

On the move
News August 29, 2022

Education: LANCE R. COLLINS

As vice president and director of Virginia Tech’s $1 billion Innovation Campus, which is under development in Alexandria, Collins has helped forge a series of major partnerships in Northern Virginia. In May 2021, The Boeing Co. committed $50 million to become the first foundational partner to the campus, which is part of a state initiative […]

Jerry Prevo
News August 29, 2022

Education: JERRY PREVO

After nearly 50 years as pastor of Alaska’s prominent Anchorage Baptist Temple, Prevo became Liberty University’s interim president in summer 2020 after Jerry Falwell Jr. resigned amid scandal. In addition to inheriting the state’s largest college by enrollment (Liberty reported 2021 enrollment of 95,148 students, most of whom are remote-learning students), Prevo also inherited a […]

Energy
News August 29, 2022

Energy: ANDRÉS GLUSKI

For the last decade, Gluski has championed renewable energy production and carbon emission reduction as the head of AES, a Fortune 500 electric utility that generates and distributes power to 14 countries. AES has used renewable power generation for years. In 2021, Gluski announced a plan to reach net-zero carbon emissions from electricity sales by […]

Federal Contractors | Technology
News August 29, 2022

Federal Contractors/Technology: CRAIG P. ABOD

With more than 2,200 employees around the globe — including more than 1,300 in Virginia — Carahsoft ranked No. 44 on Forbes’ list of the nation’s largest private companies in 2021. The company reported more than $10 billion in revenue last year. Abod founded Carahsoft in 2004. He is an eight-time Wash100 recipient, including an […]

Cvent goes public again
News August 29, 2022

Federal Contractors/Technology: REGGIE AGGARWAL

Aggarwal’s passion for his work comes from watching people grow. In the 23 years since he founded Cvent, a meetings and events technology provider, it has grown to include about 4,600 employees worldwide, including about 800 in Virginia. It took in $518.8 million in revenue in fiscal 2021. After revamping itself for the virtual and […]

Mehul Sanghani, CEO of Reston-based Octo Consulting Group, and his wife, Hema, donated $10 million to Virginia Tech in January 2021. Part of the gift will support Tech's Center for Artificial Intelligence and Data Analytics. Photo courtesy Ethan Meurlin
News August 29, 2022

Federal Contractors/Technology: MEHUL P. SANGHANI

Sanghani described a college career filled more with hijinks than academics when he delivered the commencement speech to Virginia Tech’s College of Engineering in May. A 1998 VT graduate with bachelor’s degrees in systems engineering, finance and psychology, he moved with his family from India to Blacksburg, where they operated a small motel, in 1979. […]

Gilbert
News August 29, 2022

Government/Politics: C. TODD GILBERT

A member of Virginia’s House of Delegates since 2006, Gilbert served as House majority leader before the chamber flipped to Democratic control in 2020. Now that it has flipped back to Republicans, he has been elected speaker. A staunch conservative, Gilbert has received ‘A’ grades on the Virginia Chamber of Commerce’s annual report card since […]

Nonprofits/Philanthropy: ANGELA F. WILLIAMS
News August 29, 2022

Nonprofits/Philanthropy: LAWRENCE A. ‘LARRY’ SELZER

Since 1985, The Conservation Fund has aimed to protect historically significant lands and ensure healthy outdoor spaces in underserved communities. That includes facilitating the return of tribal lands to Indigenous communities, which the fund’s longtime president and CEO says is in keeping with the nonprofit’s mission to ensure America’s environmental health and economic vitality. “We [&h[...]

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Top Stories

Carilion Clinic raises $96M for cancer center

Carilion Clinic raises $96M for cancer center

Carilion Clinic is counting on public support to reach its $100 million goal to build a six-story ca[...]

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Emerson to lay off 87 workers in Charlottesville

Emerson Electric plans to lay off 87 workers at its Charlottesville manufacturing facility, starting[...]

Woman accused of running high-end brothels in Northern Virginia and near Boston set to be sentenced

Virginia senators seek injunction against seating 8 rejected BOV appointees

State senators ask for injunction so eight university board appointees can't be installed at three V[...]

Reshoring manufacturing is one of President Donald Trump’s priorities

Reshoring manufacturing is one of President Donald Trump’s priorities

President Donald Trump wants manufacturing jobs to return to the U.S., but it's not as simple as tha[...]

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U.Va. president resigns under pressure from DOJ

University of Virginia President Jim Ryan has resigned, saying he can't fight the federal government[...]

Rendering of the Manning Institute of Biotechnology's building at the Fontaine Research Park in Charlottesville. Image courtesy University of Virginia

UVA Health receives $50M in two anonymous gifts for Manning Institute

Two anonymous donors have given $25 million gifts to support the University of Virginia's Manning In[...]

People

A man wears a navy blue blazer and a green tie.

Dominion promotes Baine to EVP of utility operations

1/7/2025

Virginia 500 July 2025 Spotlight: Michael J. Lutes

Virginia 500 July 2025 Spotlight: Michael J. Lutes

29/6/2025

Virginia Bankers Association names new chair

Virginia Bankers Association names new chair

24/6/2025

Regions

Frederick prepares for data center development

Frederick prepares for data center development

Increasingly, data center developers are eyeing sites in parts of the commonwealth outside Northern [...]

Officials envision new life for shuttered state campus

Officials envision new life for shuttered state campus

Summary CVTC closed in 2020, costing the region 1,600 jobs and $87M. Redevelopment plan envisions ho[...]

Post GreenCity, Henrico tries again

Post GreenCity, Henrico tries again

Henrico revives arena plans after GreenCity collapse, targeting a 17,000-seat venue by 2028 amid law[...]

$35B Capital One-Discover merger closes

$35B Capital One-Discover merger closes

McLean-based Capital One Financial completed its $35.3 billion acquisition of Discover Financial Ser[...]


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