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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Virginia 500 August 29, 2024

Manufacturing 2024: CHRIS KEFFER

Keffer, who took over leadership of U.S. operations in August 2023 for German chainsaw and power tools manufacturer Stihl, has been leading Stihl’s transition toward battery-powered equipment, a $60 million-plus investment that included conversion of 84,000 square feet of warehouse space to battery tool manufacturing. He joined the company in 2022 as vice president for […]

Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: CRAIG P. ABOD

Since Abod founded Carahsoft in 2004, the privately owned IT and cybersecurity solutions provider has grown to land the No. 45 spot on Forbes’ 2023 list of the nation’s largest private companies, with $11 billion in revenue and 2,470 employees. Abod is a University of Maryland alum who previously worked for DLT Solutions and Falcon […]

Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: MAHFUZ AHMED

In the mid-1990s, Ahmed founded what’s now Dexian as a side venture while working as a consultant for Northrop Grumman and a senior technical manager for Mobil Oil. Today, the McLean-based provider of staffing, IT and workforce solutions employs about 12,000 workers across 70 locations worldwide. Originally known as Digital Intelligence Systems (DISYS), the company […]

Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: KAREN DAHUT

In October 2022, Dahut became CEO of Google Public Sector, a subsidiary of the tech giant focused on government and educational contracting. Before joining Google, Dahut led Booz Allen Hamilton’s $4 billion global defense business. Dahut served in the U.S. Navy for six years, including at the Navy Medical Research Institute in Maryland. As a […]

Virginia 500 August 29, 2024

Insurance 2024: THOMAS S. GAYNER

Gayner has led the Fortune 500 insurance company as sole CEO since early 2023, after serving more than six years as co-CEO with Richard Whitt III, who retired last year. Before joining Markel in 1990, Gayner was vice president of Davenport & Co. Markel reported operating revenues of $15.8 billion in 2023, an increase from […]

Virginia 500 August 29, 2024

Real Estate 2024: WILLIAM A. ‘BILL’ PAULETTE

In 1975, armed with $1,000 to invest, Paulette laid the foundation for what would become KBS. What started as a one-person company with an office in a sheet-metal shop has grown to a top-ranked construction firm in the mid-Atlantic, with a reach extending from its Richmond and Virginia Beach offices to Roanoke and Washington, D.C. […]

Virginia 500 August 29, 2024

Education 2024: AIMEE ROGSTAD GUIDERA

In 2021, Guidera was the first secretary appointed by newly elected Gov. Glenn Youngkin. A proponent of charter schools and parental involvement in education, Guidera is responsible for leading the state’s public schools and has significant influence on postsecondary institutions, including the Virginia Community College System. In 2022, the state began establishing K-12 lab schools [&hellip[...]

Virginia 500 August 29, 2024

Retail 2024: ELIZABETH ‘LIZA’ MYERS BORCHES

Founded in 1924 by Borches’ great-grandfather, Carter Myers Automotive is Virginia’s fifth largest car sales group, with 24 dealerships selling 18 brands. It currently ranks No. 87 on Automotive News’ Top 150 Dealership Groups list, down 12 spots from 2023. Borches became CEO in 2012. The company employs more than 1,000 people in Virginia, all […]

Virginia 500 August 29, 2024

Retail 2024: ARIE KOTLER

An Israeli native, Kotler has led Arko, the nation’s sixth largest convenience store chain and parent company of GPM Investments, since 2020, when it merged with Haymaker Acquisition Corp. II to become a U.S.-listed public company. He founded GPM in 2003, sold the business and reacquired it in 2011.  The company has been on an […]

Virginia 500 August 29, 2024

Economic Development 2024: TELLY TUCKER

Tucker previously was director of Arlington Economic Development, and also served five years as director of economic development for Danville before returning to Southern Virginia in May 2022 to head  IALR, a regional hub for advanced manufacturing training initiatives and economic development. In February, IALR launched its Naval Aviation School for Additive Manufacturing, a six-week […]

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Top Stories

Eric Scorsone is the executive director of the Weldon Cooper Center for Public Service at the University of Virginia. Photo courtesy U.Va.

Virginia could lose 32,000 jobs in 2025, U.Va. estimates

Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new [...]

FILE - A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)

Microsoft to lay off about 3% of its workforce

Microsoft cuts nearly 6,000 jobs—about 3% of its workforce—in its largest layoff since 2023, imp[...]

US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks

The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and [...]

CoStar Group Inc. plans to add 750,000 more square feet to its holdings in Richmond, adding an estimated 2,000 jobs. Rendering courtesy CoStar Group Inc.

CoStar to purchase Australian property listings platform for $1.9B

Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire[...]

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

New Arlington hub to boost defense, energy startups

Virtus Innovation Center in Arlington will support 30+ startups in defense and energy, connecting th[...]

People

Lynchburg-based BWX Technologies has named Chief Accounting Officer Mike T. Fitzgerald as the interim CFO. Photo courtesy BWX Technologies

BWXT CFO steps down

12/5/2025

Karen Horn Welch. Photo courtesy University of Richmond

University of Richmond office hires CIO for endowment, assets

8/5/2025

Electra.aero announced that Max Ochoa has joined the company as chief financial officer. Photo Courtesy Electra.aero

Electra announces new CFO

6/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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