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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Arts | Entertainment | Sports 2024: ERIK H. NEIL

Since joining the Chrysler Museum in 2014, Neil has guided the museum’s growth. In 2022, his position was endowed through a $34 million donation from Virginia Beach philanthropist Joan Brock that also included donated artwork. From December 2023 through April, the Chrysler hosted the U.S. debut of Sir Paul McCartney’s photography exhibit, which included pictures […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: FREDRICK D. SCHAUFELD

After graduating from Lehigh University in 1981, Schaufeld sold extended warranties to auto dealers while going to law school. When he learned his employer hadn’t actually taken out policies on all his clients, Schaufeld dropped out of law school and went into business for himself, creating National Electronics Warranty. In 2008, the company was acquired […]

Energy 2023: DAVID E. SCHLEICHER
Virginia 500 August 29, 2024

Energy 2024: DAVID E. SCHLEICHER

One of the largest power distribution cooperatives in the nation based on sales and revenue, NOVEC last year reported operating revenue totaling $864 million, net margins exceeding $27 million and assets totaling $1.4 billion last year. Energy sales grew 17% to more than 10.1 billion kilowatt-hours sold. Since 2022, Schleicher has led the not-for-profit corporation, […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: MEHUL P. SANGHANI

Reston-based federal contractor Octo was founded in 2006 by Virginia Tech alum Sanghani, who remains its CEO after IBM purchased Octo in 2022 from Arlington Capital Partners for an undisclosed sum. Octo is now part of IBM Consulting’s U.S. public and federal market arm, employing about 1,500 workers. Sanghani was born in India and raised […]

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Virginia 500 August 29, 2024

Law 2024: DANIEL C. SUMMERLIN III

For more than 25 years, Summerlin has advised businesses — from sole proprietorships to Fortune 500 names — in environmental matters. Summerlin also assists employers with employment laws and regulations, including investigations with the Equal Employment Opportunity Commission.  A Roanoke native, Summerlin returned to the Star City in 1997 to work at Woods Rogers after […]

Telecommunications 2023: MICHAEL KEEGAN
Virginia 500 August 29, 2024

Telecommunications 2024: MICHAEL KEEGAN

As CEO of TNS since 2013, Keegan is responsible for setting global strategy for the privately held networking, integrated data and voice services provider. TNS was acquired by a Koch Industries subsidiary in 2021 and, in 2022, TNS acquired Agnity Global, a leading provider of intelligent business communication applications and infrastructure to organizations in the […]

Retail | Wholesale | Food | Beverage 2023: VINCE SHEEHY IV
Virginia 500 August 29, 2024

Retail 2024: VINCE SHEEHY IV

Sheehy carries on his father’s legacy as an auto dealer, manning the largest dealership group in Virginia and No. 33 in the nation, according to Auto News’ list of Top 150 dealership groups. His late father, Vincent Sheehy III, founded Sheehy Ford in Maryland in 1965 as a suburban business near the newly built Capital […]

Arts | Entertainment | Sports 2023: ANDY EDMUNDS
Virginia 500 August 29, 2024

Arts | Entertainment | Sports 2024: ANDY EDMUNDS

Edmunds originally began his career in the music industry. As a musician and song writer, he produced a video for MTV, and thus began his love affair with film production. Today, he’s Virginia’s go-to guy for movie and TV projects being filmed in the state. As director of the Virginia Film Office since 2011, Edmunds […]

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Virginia 500 August 29, 2024

Economic Development 2024: JAY A. LANGSTON

In the last two years, the four-employee Shenandoah Valley Partnership was involved with more than $300 million in economic development deals representing nearly 500 new jobs in the region. It’s helped create almost 3,000 jobs in the past five years. Langston has led the regional economic development organization since 2018, after serving in multiple roles […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: JEREMY WENSINGER

In June, Wensinger replaced outgoing president and CEO Chuck Prow at aerospace and defense contractor V2X. The move was part of a “board-led succession planning process,” the company stated in a press release. Wensinger also serves on V2X’s board of directors. The change follows the move of V2X’s headquarters from Colorado to Tysons in April […]

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Top Stories

Part of CarMax Park as seen from Arthur Ashe Boulevard. Photo by Katherine Schulte

Thalhimer files response to Flying Squirrels owner’s defamation lawsuit 

Thalhimer Realty Partners denies defamation claims by Richmond Flying Squirrels owner Lou DiBella in[...]

Virgnia Sen. Louise Lucas (left) speaks with an attendee of a Chesterfield County data center town hall she hosted June 16, 2026, with Sen. Mamie Locke (right). Photo by Kate Andrews/Virginia Business

Data center discord continues to block Virginia budget agreement

Virginia senators continue push for tax break repeal on data centers, while governor and House back [...]

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[...]

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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