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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

out & about August 29, 2022

OUT & ABOUT SEPTEMBER 2022

  1. Casey Hollins, Rappahannock Electric Cooperative’s managing director of communications and public relations, accepted Spotlight on Excellence Awards in August from the Council of Rural Electric Communicators and the National Rural Electric Cooperative Association on behalf of REC’s communications and public relations team.  2. Competitors struggle through the 4-mile “The M[...]

For the Record August 29, 2022

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 […]

Business Trends August 29, 2022

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 July 28, 2022

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 […]

News July 28, 2022

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 […]

News July 28, 2022

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 Technologies is moving its corporate headquarters to Arlington in the third quarter, the company announced in June. Photo courtesy Raytheon Technologies Corp.
Northern Virginia June 28, 2022

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 […]

Regions June 28, 2022

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 […[...]

Other June 28, 2022

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 […]

Industries May 29, 2022

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 […]

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Top Stories

A rendering of Colonna’s Shipyard’s latest investment, a new $70 million drydock currently under construction. Image courtesy Colonna's Shipyard

Colonna’s Shipyard invests $79M to build 4th drydock

Norfolk-based Colonna’s Shipyard announced Friday that it has invested $70 million to acquire its [...]

Health systems forecast pain from Medicaid cuts

Health systems forecast pain from Medicaid cuts

Virginia hospitals face closures as Medicaid cuts hit budgets; Augusta Health closes clinics, warns [...]

Brian Warpup inspects one of his soybean fields in Warren, Ind., Thursday, Sept. 11, 2025. (AP Photo/Michael Conroy)

Trump’s trade battle with China puts soybean farmers in peril

China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously[...]

Trump slaps tariffs on drugs, furniture, trucks

Trump slaps tariffs on drugs, furniture, trucks

Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy tru[...]

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

White House budget office tells agencies to draft mass firing plans ahead of potential shutdown

OMB told agencies to prepare mass layoffs if the government shuts down next week, escalating pressur[...]

The University of Virginia lawn. Photo courtesy U.Va.

15 Virginia schools make U.S. News’ 2026 universities list

Fifteen Virginia schools made the U.S. News & World Report’s 2026 Best National Universities list.[...]

People

Dale Wagoner plans to retire as CEO at the end of the year. Photo courtesy LMI

LMI CEO transitions to chairman

6/10/2025

Antonio Perez Jr. has been named General Manager of Rivers Casino Portsmouth. Photo courtesy RIvers Casino Portsmouth

Rivers Casino Portsmouth hires new general manager

2/10/2025

The Flagstop Car Wash location at 11031 Iron Bridge Road in Chester. Photo courtesy Flagstop.

Richmond-area car wash chain promotes CEO, other execs

30/9/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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