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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Economic Development 2024: H. GARRETT HART III

Construction is progressing on The Lake, a 105-acre mixed-use development in Chesterfield County, which Hart hopes will help attract more businesses to the area. It will have a 13-acre artificial lake and a 6-acre surf park, one of a handful of such facilities nationwide that can generate waves large enough to surf. Hart also has […]

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Virginia 500 August 29, 2024

Hospitality | Tourism 2024: MOLLY HARDIE; ROBERT HARDIE

H7 Holdings is a private family investment company that owns and manages Keswick Hall and Golf Club in Albemarle County and the Hermitage Hotel in Nashville, Tennessee. Level One Partners is a venture capital firm that invests in the health care and life sciences sectors. The couple also runs the H7 Foundation, supporting educational and […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: PHONG LE

If there’s one company making a big bet on bitcoin, it’s MicroStrategy. As of July 10, MicroStrategy owned more than $13 billion worth of the cryptocurrency after acquiring an additional $1 billion in bitcoin over the previous year. Le took the lead at MicroStrategy in August 2022 after Michael Saylor, the company’s high-profile founder and […]

Nonprofits | Philanthropy 2023: SHERRIE ARMSTRONG
Virginia 500 August 29, 2024

Nonprofits | Philanthropy 2024: SHERRIE ARMSTRONG

Armstrong is only the second president and CEO of the Community Foundation for a greater Richmond, established in 1968. She has held that position since 2015 after 26 years of leadership roles with United Way at local and national levels, including working as executive vice president of investor relations at United Way Worldwide and serving […]

Real Estate 2023: TIMOTHY HELMIG
Virginia 500 August 29, 2024

Real Estate 2024: TIMOTHY HELMIG

After joining Monday Properties in 2005, Helmig has led the company to capital investments of more than $16 billion, an expanded multifamily portfolio of 6,500 units, and execution of transactions totaling more than 36 million square feet. A developer and investor of multifamily housing, Monday Properties has expanded its footprint into high-growth markets along the […]

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Virginia 500 August 29, 2024

Education 2024: KATHERINE A. ROWE

Rowe became president of the nation’s second-oldest university in 2018, after serving as provost and dean of faculty at Smith College. She has shepherded the creation of William & Mary’s first sustainability plan, an entrepreneurship hub and the college’s strategic plan, Vision 2026. In October 2023, William & Mary and The Colonial Williamsburg Foundation formed […]

Finance | Insurance 2023: SHANE McLAUGHLIN
Virginia 500 August 29, 2024

Banking | Finance 2024: SHANE McLAUGHLIN

In his role, McLaughlin oversees 88 branch locations and more than 750 employees.  A Virginia Tech alumnus, McLaughlin joined Wachovia in 2004, working as a licensed financial specialist in Richmond. He quickly climbed the ranks, first taking a position as a financial specialist sales leader and, later, becoming West End district manager.  Following Wells Fargo’s […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: WAYNE F. WILBANKS

Wilbanks developed an interest in stocks and bonds at the age of 14. As a 16-year-old, he formed an investment partnership with other students. “I was hooked,” Wilbanks wrote on a Virginia Business survey. A graduate of Duke, Wilbanks co-founded Norfolk’s Wilbanks Smith & Thomas Asset Management in 1990, serving as the firm’s managing principal […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: SCOTT McINTYRE

McIntyre was retained as chairman and CEO after Guidehouse, a federal contractor and global provider of technology and consulting services, was acquired by a Bain Capital Private Equity affiliate for $5.3 billion in December 2023. Guidehouse had been owned by Veritas Capital since 2018. Employing more than 17,000 people in 55 locations across the globe, […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: STU SHEA

EDITOR’S NOTE: Shortly after the 2024-25 Virginia 500 was released, Shea announced he would step down as of Sept. 9. He is being succeeded by Steve Schorer, former CEO of Alion Science and Technology. Shea has been a fixture in the national security industry for decades. Since taking the helm when it was formed in […]

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Top Stories

A rendering of Commonwealth Fusion Systems' planned facility in Chesterfield County. Image courtesy CFS.

Chesterfield approves fusion power plant permit

Commonwealth Fusion Systems received the Chesterfield zoning permit needed for what could be the wor[...]

Democrats tie $6B Nexstar-Tegna deal to Jimmy Kimmel’s suspension

Democrats tie $6B Nexstar-Tegna deal to Jimmy Kimmel’s suspension

Congressional Democrats, including U.S. Sen. Tim Kaine, are tying ABC late night host Jimmy Kimmel's[...]

Eli Lilly Chair and CEO Dave Ricks speaks at a news conference in Richmond on Sept. 16, 2025, announcing the pharmaceutical company's $5 billion investment in a new manufacturing plant in Goochland County. Photo by Katherine Schulte

Eli Lilly to invest $5B in Goochland plant, creating 650 jobs

Pharmaceutical giant Eli Lilly & Co. plans to invest $5 billion in a manufacturing facility in Gooch[...]

Four cards and a stack of chips on a green felt table

Virginia casinos report $84.8M in August revenue

August gaming revenues from Virginia’s three casinos totaled $84.8 million, up $90,000 from July a[...]

Norfolk Airport cancels development contract for 165-room hotel

Norfolk Airport cancels development contract for 165-room hotel

The Norfolk Airport Authority recently canceled a contract to develop a 165-room hotel due to an all[...]

Systems Planning & Analysis will expand its Alexandria headquarters, the government contractor announced Sept. 11, 2025. Photo courtesy SPA

Government contractor to add 1,200 jobs in Alexandria and Fairfax

Systems Planning & Analysis (SPA) announced Thursday it plans to expand its headquarters, increase i[...]

People

Virginia Realtors names 2026 president

Virginia Realtors names 2026 president

19/9/2025

Jeremy Jeffreys. Photo courtesy Fairlead.

Fairwinds Landing partner promotes COO and SVP

18/9/2025

Lisa Gilley. Photo courtesy Ellucian

Ellucian announces new chief legal officer

17/9/2025

Regions

Nostalgia-fueled Colony House reopens

Nostalgia-fueled Colony House reopens

Thanks to $10 million in 21st-century improvements, Roanoke’s Colony House Motor Lodge will once a[...]

Chesterfield zoning update moves forward

Chesterfield zoning update moves forward

Chesterfield County advances ZOMod, its zoning overhaul aligning rules with growth goals. Final vote[...]

Peninsula businesses to get capital boost

Peninsula businesses to get capital boost

Small and midsize businesses in distressed and underserved areas of Hampton and Newport News will be[...]

Marion museum aims to ‘Do the Dew’

Marion museum aims to ‘Do the Dew’

The Birthplace of Modern Mountain Dew museum is expected to draw thousands of tourists with a thirst[...]


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