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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Health Care 2024: RONY THOMAS

Bill Anderson, who founded the Eastern Virginia Tissue Bank in 1982, died in a car accident in 2002 at the age of 50. His death left the organization now known as LifeNet with an uncertain future, Thomas said in a 2023 speech. Under Thomas’ leadership since 2004, the nonprofit that provides organ, tissue and cell […]

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Virginia 500 August 29, 2024

Nonprofits | Philanthropy 2024: DEBORAH M. DiCROCE

After spending more than 35 years as a university professor and college president in Virginia, DiCroce has led the Hampton Roads Community Foundation for more than a decade. The foundation is the largest grant and scholarship provider in southeastern Virginia, distributing more than $23 million in 2022. For the 2023-24 school year, the organization provided […]

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Virginia 500 August 29, 2024

Nonprofits | Philanthropy 2024: TIM ROSE

As CEO of the University of Virginia Foundation for three decades, Rose is in charge of stewarding most of the real estate endeavors for the commonwealth’s flagship university. He oversees about 400 employees and 5,200 acres of properties, including iconic locations such as Boar’s Head Resort, Morven Farm and Birdwood Golf Course. The foundation is […]

Lance Collins
Virginia 500 August 29, 2024

Education 2024: LANCE R. COLLINS

Collins came to Virginia from Cornell University four years ago for a transformative purpose: to build Virginia Tech’s $1 billion Innovation Campus and aid the commonwealth’s efforts to close a regional tech talent gap. The first academic building on the Alexandria campus is set to open in spring 2025 — pushed back from its planned […]

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Virginia 500 August 29, 2024

Education 2024: ANNE M. KRESS

After starting her post-secondary education career as  a faculty member teaching English, Kress now presides over Virginia’s largest community college — and one of the nation’s largest — with more than 70,000 students across six campuses, including NOVA’s Medical Education Campus in Springfield. Her tenure began in 2020 following a nearly 30-year career that includes […]

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Virginia 500 August 29, 2024

Real Estate 2024: MARK J. HOURIGAN SR.

Hourigan founded construction and development company Hourigan Group in 1993 after stints with Westinghouse and Galloway. The company has more than 200 employees, all based in Virginia. Notable Hourigan Group projects in the works include the $18 million VCU CoStar Center for Arts & Innovation, which will span seven stories and encompass 209,000 square feet. […]

Federal Contractors/Technology: Y. MICHELE KANG
Virginia 500 August 29, 2024

Living Legends 2024: Y. MICHELE KANG

Kang is known primarily as the founder and former CEO of Cognosante, which provides IT support to federal, state and local government agencies in public health; founder of Cognosante Ventures, an early-stage health IT startup investor; and the Cognosante Foundation, a nonprofit that promotes workforce access and opportunity for women and veterans. In May, Arlington […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: THOMAS I. BARKIN

Barkin has served as head of one of 12 regional Fed banks since 2018. He’s also a voting member on the Fed’s interest-setting Federal Open Market Committee for 2024, holding one of four rotating seats on the committee. In June, Barkin told a gathering of the Richmond chapter of the Risk Management Association that the […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: MATT CALKINS

A top economics graduate at Dartmouth and a world champion board gamer, Calkins co-founded cloud computing and enterprise software firm Appian in his basement in 1999. It grew to become the most successful software IPO of 2017. In 2023, Appian reaped $304.5 million in cloud subscription revenue, up 29% compared with 2022. The company’s total […]

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Virginia 500 August 29, 2024

Law 2024: BROOKS M. SMITH

In early 2019, Smith was named managing partner of the Atlanta-based Troutman Sanders’ Richmond office.  Since then, the firm became Troutman Pepper Hamilton Sanders through a merger, but Smith held on to his leadership role. Today, he oversees more than 150 attorneys working in numerous practice areas, including the strategies group, which is the firm’s […]

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Top Stories

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

Depositphotos

Solstice Advanced Materials to invest $220M in Chesterfield expansion

Solstice Advanced Materials plans to invest $220 million to expand production at its manufacturing f[...]

TowneBank in Chesterfield County. Photo by Kira Jenkins

TowneBank completes $476M acquisition of Dogwood State Bank

Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North[...]

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

Virginia Supreme Court orders new trial in $2B Appian-Pega case

The Virginia Supreme Court ordered a new trial in a $2 billion trade secrets lawsuit involving McLea[...]

Four ship-to-shore container cranes the Port of Virginia put into service at Virginia International Gateway in April 2025. The port will complete its $450 million dredging project next month, delivering the deepest shipping channels on the East Coast. Photo courtesy Virginia Port Authority

Port of Virginia to complete $450M dredging project in February

The Port of Virginia will complete its $450 million dredging project next month, delivering the deep[...]

Defense Secretary Pete Hegseth speaks to an audience at Newport News Shipbuilding on Jan. 5, 2026, part of his "Arsenal of Freedom" industry tour. Photo by Josh Janney

In Newport News speech, Hegseth calls for faster delivery of warships

Secretary of Defense Pete Hegseth calls for faster delivery, tighter cost discipline in Newport News[...]

People

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Real Estate Information Network's new president John Chandler. Photo courtesy REIN

REIN announces 2026 board of directors

12/1/2026

Marshall French, new president of Sauer Properties.

Sauer Properties taps new president

9/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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