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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Manufacturing: PABLO DI SI
Virginia 500 August 29, 2022

Manufacturing: THOMAS E. ‘TEDDY’ GOTTWALD

President and CEO since March 2004, Gottwald succeeded his father, Bruce, as chairman of the board a decade later. NewMarket is the parent company of Afton Chemical Corp. and Ethyl Corp., which manufacture lubricants and fuel additives. NewMarket traces its roots to Ethyl Gasoline Corp., a company acquired in 1962 by his late grandfather Floyd […]

Manufacturing: PABLO DI SI
Virginia 500 August 29, 2022

Manufacturing: GARY M. MIGNOGNA

With a nuclear industry career spanning four decades, Mignogna has served as president and CEO of Framatome and its predecessor, Areva Inc., since 2014. He received his undergraduate and master’s degrees in mechanical engineering from Drexel University and his MBA from the University of Lynchburg. Framatome, a nuclear reactor business, moved its North American headquarters to […]

Retail/Wholesale: POUL WEIHRAUCH
Virginia 500 August 29, 2022

Retail/Wholesale: TRAVIS HILL

This year Virginia ABC CEO Hill had to face customers unhappy about finding their favorite spirits missing from the shelves. The shortage was partially due to disruptions in the supply chain and congestion at U.S. ports, which all retailers have struggled with during the pandemic, according to Hill. Staffing issues also played a role. Additionally, […]

Government | Politics
News August 29, 2022

Government/Politics: CHARNIELE L. HERRING

During her 13-year political career, Herring has scored a few “firsts.” When she was elected in 2009, she became the first Black woman to represent a Northern Virginia district in the House of Delegates. She then went on to become the first woman and first Black person to serve as House majority leader after the […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: LOUIS J. ROGERS

Rogers oversees the firm’s Delaware statutory trust programs that help investors qualify for tax deferments under IRS Section 1031 by investing their capital gains on replacement properties. Founded in 2012, Capital Square has raised more than $3 billion in equity. In recent years, the company has become an active developer of multifamily and mixed-use properties in […]

Economic Development
Virginia 500 August 29, 2022

Economic Development: DOUGLAS L. SMITH

A former Norfolk city manager who also has worked as a deputy city manager in Portsmouth and Virginia Beach, Smith now heads up the Hampton Roads Alliance, a public-private economic development organization representing 13 localities across Eastern Virginia. (James City County, Williamsburg and York County were the latest to join, in December 2021.) Smith has […]

2022 Virginia 500: Manufacturing
Virginia 500 August 29, 2022

Economic Development: CHRISTINA WINN

Winn leads a 20-person economic development team during a time of tremendous growth in the county. George Mason University is expanding its tech campus, adding a $75 million Life Sciences and Engineering building to anchor the county’s Innovation Park, a 1,500-acre corporate research park. Though the General Assembly backed out of providing state incentives for […]

Frances Lewis, co-founder of Best Products and major donor to the Virginia Museum of Fine Art. Photo by Travis Fullerton, courtesy VMFA
News August 29, 2022

Living Legends: FRANCES LEWIS

National retailer Best Products helped pioneer the shopping experience, and it started with a swap with pop artist Andy Warhol. Lewis and her late husband, Sydney, founded their mail-order catalog business in 1957, turning it into a Henrico County-based empire, with hundreds of stores across the nation and annual sales of up to $2 billion […]

Education
News August 29, 2022

Education: KATHERINE A. ROWE

Since taking the helm of “public ivy” William & Mary in 2019, Rowe has overseen a number of initiatives, including establishing an entrepreneurial hub and a teaching innovation studio, as well as implementing climate action plans and efforts to increase diversity. In 2021, William & Mary announced a partnership with The Posse Foundation to grant […]

Education: LT. GEN. DARRELL K. WILLIAMS (U.S. ARMY, RET.)
News August 29, 2022

Education: LT. GEN. DARRELL K. WILLIAMS (U.S. ARMY, RET.)

An alumnus of the private historically Black university, Williams returned to Hampton in July to succeed William R. Harvey. One of the nation’s longest-serving college presidents, Harvey retired in June after 44 years leading Hampton. A retired lieutenant general in the Army, Williams graduated in 1983 along with his wife, Myra, and went on to […]

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Top Stories

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[...]

Patients’ favorites

13 rural hospitals in Virginia at risk of closure, new report finds

Thirteen of Virginia's 36 rural hospitals are at risk of closure in a new report from the Virginia J[...]

Marijuana plants are seen inside the Glass House Farms flowering greenhouse in Camarillo, California, on April 13, 2022. Photo by Reuters/Shannon Stapleton

Virginia medical marijuana market consolidates

Virginia’s medical marijuana market consolidates as Arboretum Virginia is now assigned two of Virg[...]

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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