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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Education 2024: JAMES E. RYAN

Since becoming president in 2018, Ryan has spearheaded several growth initiatives at the state’s flagship university, including the School of Data Science, a new performing arts center and the Karsh Institute of Democracy — all projects funded by donors, including a record 2019 gift of $120 million from alumni couple Jaffray and Merrill Woodriff for […]

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Virginia 500 August 29, 2024

Retail 2024: STEVE PRESLEY

Presley has been overseeing the U.S. market — Nestlé’s largest market, with around $30 billion in annual sales — since 2018. In 2021, he also became head of the Swiss food producer’s continent-wide business when Nestlé created a North America business zone, along with a China zone, to align with its market-led approach. In this […]

Transportation 2023: MONICA BACKMON
Virginia 500 August 29, 2024

Transportation 2024: MONICA BACKMON

This year, Backmon was on hand for the completion of two projects funded by the NVTA: the $19.6 million Boundary Channel Drive Interchange Project in Arlington, for which the agency contributed more than $4.3 million, and the $313.9 million Route 7 Corridor Improvements Project in Fairfax County that NVTA provided with more than $22 million. […]

Manufacturing 2023: JOHN PARKINSON
Virginia 500 August 29, 2024

Manufacturing 2024: JOHN PARKINSON

Parkinson has served as Drake Extrusion’s CEO since 2001. A subsidiary of Duroc AB, a Swedish manufacturer specializing in filament yarn and staple fiber, the company established its roots in Henry County in 1996. In 2021, Drake acquired North Carolina-based yarn manufacturer Michael S. Becker. Drake has expanded its Henry County footprint twice in the […]

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Virginia 500 August 29, 2024

Agriculture 2024: NEIL A. HOUFF

Starting as a liquid fertilizer business on a Shenandoah family farm in 1975, Houff Corp. grew to provide a range of agricultural and industrial services, including agronomy, supply chain solutions, transloading and biosolids management. Two years ago, the company acquired 14 acres to expand its Doswell rail transload yard, where it’s laying more than a […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: THOMAS RANSOM

Ransom boasts 24 years in the banking industry. At BB&T he started as a commercial banker in 2020 and went on to become greater Washington, D.C., market president. After Truist formed in 2018 through a merger of BB&T and SunTrust Banks, Ransom went to Charlotte, North Carolina, as an executive vice president before returning to […]

Federal Contractors | Technology
Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: DeETTE GRAY

After starting her career as a middle school math and science teacher, Gray’s interest in coding led her into the IT field, where she worked as a software developer. A former executive at Lockheed Martin and BAE Systems, Gray has won the Armed Forces Communications & Electronics Association International Women’s Appreciation Award for promoting STEM […]

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Virginia 500 August 29, 2024

Law 2024: RANDALL S. PARKS

Parks joined Hunton & Williams, Hunton Andrews Kurth’s predecessor, after graduating from law school at the University of Virginia in 1988. He has served as the chair of the state’s second largest law firm’s executive committee since 2022.  With 35 years of experience under his belt, Parks handles complex corporate transactions, especially information technology and […]

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Virginia 500 August 29, 2024

Law 2024: W. RYAN SNOW

Benjamin D. Leigh, the immediate past president of the Virginia Bar Association, administered the oath of office to Snow in January, installing him as the 136th president of the voluntary organization composed of Virginia-based lawyers, judges, law school faculty members and students. The VBA was founded in 1888 and advocates for legislation, offers continuing legal […]

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Virginia 500 August 29, 2024

Professional Services 2024: JACOB BLONDIN

As leader of competitive retail pricing data provider RetailData, its parent company RD Holdings, and sister retail intelligence and consulting firm Intrics, Blondin has a lot on his plate. After seven years with RetailData, serving as chief operating officer and vice president of strategic initiatives, Blondin was tapped to become CEO in 2020. The following […]

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Top Stories

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BAE Systems to lay off 119 employees in Vienna

BAE Systems is laying off 119 employees in Vienna after the company said its contract with the FBI w[...]

An aerial view of the Botetourt Center at Greenfield. Photo courtesy Botetourt County

Google confirms Botetourt data center campus

Google confirms plans for a Botetourt County data center campus, addressing water use, power and how[...]

John A. Luke Jr., a former rector of the VCU Board of Visitors

Longtime Richmond business leader dies at 77

John A. Luke Jr., a key figure in Richmond’s business community as longtime chief executive of Mea[...]

An offshore wind turbine. A boat sits in the background.

Dominion offshore wind farm delivers first power to the grid

Dominion Energy’s Coastal Virginia Offshore Wind project off Virginia Beach’s coast delivered i[...]

United States Federal Communications Commission logo and U.S. flag are seen in this illustration taken April 23, 2025. REUTERS/Dado Ruvic/Illustration

FCC approves $3.5B sale of Tegna to Nexstar despite state objections

The FCC approved Nexstar's $3.54 billion acquisition of Tegna, expanding its reach to 80% of U.S. TV[...]

The Lego Group has already hired more than 500 workers in the Richmond region as it builds its $1 billion Chesterfield County factory. Photo courtesy The Lego Group

Lego to double Chesterfield workforce to 900 by end of year

The Lego Group expects its workforce at the $1 billion Chesterfield facility under construction to g[...]

People

Josephus Allmond. Photo courtesy Virginia Office of the Governor.

Spanberger appoints inaugural chief energy officer

25/3/2026

Corrie Teague Bobe. Photo courtesy City of Danville

Bobe to leave Danville economic development for regional foundation

25/3/2026

Dr. Robert Winn is leaving Virginia Commonwealth University's Massey Center in June. Photo courtesy VCU.

Head of VCU Massey Center to depart

24/3/2026

Regions

Three data center projects totaling 7 million-plus square feet are under construction now in Stafford County. Photo by HAIYAN/Adobe Stock

NoVa data center development moves down I-95

Stafford County is experiencing rapid data center growth with three major projects underway and 18 i[...]

VFP’s Scott Jones says the company will have six buildings on its Duffield campus after its latest expansion. Photo by Earl Neikirk

VFP moves forward on $30M expansion in Scott County

VFP is investing $35 million to expand its Scott County facility, adding new buildings and jobs to s[...]

Arlington County reported investment in about 268,000 square feet of office space in 2025. Photo courtesy Adobe Stock

Northern Virginia focuses on strengths amid federal cuts

Northern Virginia's economy adapts to federal job cuts in 2025 by expanding defense tech, aerospace,[...]

Wrap Technologies held a ribbon cutting in September 2025 for its $4 million manufacturing headquarters in Norton. Official photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Manufacturing-heavy Southwest Virginia captures new industries 

Southwest Virginia sees major investments in manufacturing, indoor agriculture, and energy projects,[...]


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