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Recent Articles from Virginia Business
September 2022 For The Record
CENTRAL Goochland County supervisors gave their unanimous stamp of approval to a proposed 650,000-square-foot e-commerce fulfillment center in August, clearing the way for what promises to be one of the most significant economic development projects in the county’s history. While board members were aligned in support of the $500 million project — noting, among other […]
STARTVIRGINIA: HEARD AROUND VIRGINIA
Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced in mid-July. Named Booz Allen Ventures LLC, the arm will invest in early-stage companies and technologies across four categories: defense, artificial intelligence/machine learning, cybersecurity and deep technology. Booz Allen Ventures will help the[...]
FOR THE RECORD AUGUST 2022
CENTRAL VIRGINIA In early July, the U.S. Food and Drug Administration put a hold on its order banning Juul Labs Inc. from selling e-cigarettes on the U.S. market, saying it would conduct an additional review of the company’s marketing application. Juul is partly owned by Henrico County-based Altria Group Inc. The Fortune 500 tobacco products […]
Top Five July 2022
The top trending stories on VirginiaBusiness.com from June 15 to July 14, 2022, were led by a surprise economic development announcement from a Danish toymaker known for its iconic and colorful interlocking plastic bricks. 1 | Lego to build $1B factory in Chesterfield The Lego Group plans to erect a $1 billion toy manufacturing plant […]
Out and about
Virginia Business held its 17th annual Virginia CFO Awards banquet at The Jefferson Hotel in Richmond on June 16. Sponsored by Truist and Brown Edwards, the event honored 51 CFOs from around the commonwealth, nominated in four award categories, representing a variety of for-profit businesses, nonprofits and government agencies. (See Pages 59-64 for the full […]
Raytheon moving global HQ to Arlington
Raytheon Technologies Corp. announced June 7 that it will relocate its global headquarters from Massachusetts to Arlington in the third quarter of this year, a move that will make four of the top five U.S.-based aerospace and defense contractors headquartered in Virginia. Raytheon is the second-largest defense company in the world, just below Bethesda, Maryland-based […]
FOR THE RECORD
Central Virginia The state’s fiscal 2023-24 budget, approved June 1, contains funding that will benefit future redevelopment of the Central Virginia Training Center site in Madison Heights. Republican Sen. Steve Newman requested $25 million in state money to annul outstanding bonds associated with CVTC, a former state facility for people with intellectual disabilities that closed […]
Virginiabusiness.com Top Five July 2022
The top trending major business stories on VirginiaBusiness.com from May 13 to June 14 were led by the news that one of the three Frank Lloyd Wright-designed homes in Virginia was put on the market. 1 | Virginia Beach’s Frank Lloyd Wright house listed for sale Completed in 1959, the 3,020-square-foot, semicircular home on Crystal […]
Top Five stories, June 2022
The top trending major business stories on VirginiaBusiness.com from April 15 to May 14 were led by news of the merger of Roanoke-based Woods Rogers PLC and Norfolk-based Vandeventer Black LLP. 1 | Woods Rogers, Vandeventer Black law firms to merge July 1 Woods Rogers Vandeventer Black will be the state’s fifth-largest firm, with a […]
FOR THE RECORD JUNE 2022
CENTRAL Richmond-based Dominion Energy Inc. asked the State Corporation Commission for permission in early May to increase Virginia residential customer bills by about $9 a month to account for rising fuel prices. According to federal data, Virginia already has high electric bills. Dominion cited dramatic increases in fuel prices stemming from the pandemic, inflation and […]
