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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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 […]

Virginia 500 August 29, 2024

Professional Services 2024: STEPHANIE R. PETERS

Peters has led the state’s professional association for CPAs since 1997, representing nearly 13,000 members in both the public and private sectors. Last year, VSCPA announced an investment in the Center for Audit Quality’s Accounting+ program, a national campaign that aims to attract a new generation of diverse students to the industry. The accounting industry […]

Virginia 500 August 29, 2024

Professional Services 2024: DANNY ROBINSON

In January, after serving as The Martin Agency’s chief creative officer since 2020, Robinson became the advertising agency’s CEO, succeeding Kristen Cavallo, who retired. Robinson joined Martin two decades ago and has overseen campaigns for national clients like Geico, UPS and Old Navy. During his tenure as chief creative officer, Adweek named Martin its Agency […]

Virginia 500 August 29, 2024

Real Estate 2024: BARBARA M. WOLCOTT

A five-decade Hampton Roads real estate veteran, Wolcott leads a residential real estate and property management company created by the 2023 merger of Rose & Womble Realty and Berkshire Hathaway HomeServices Towne Realty. With more than 750 agents across southeastern Virginia and northeastern North Carolina, the firm has the backing of TowneBank and is a […]

Virginia 500 August 29, 2024

Education 2024: KEVIN F. HALLOCK

A labor market economist with a doctorate from Princeton, Hallock joined the private University of Richmond in 2021. One of the school’s long-term goals has been affordability. Need-based aid packages at UR average $60,740 toward the roughly $80,000 annual costs for tuition and room and board. In September 2023, UR’s Robins School of Business received […]

Virginia 500 August 29, 2024

Arts | Entertainment | Sports 2024: KEVIN W. LEMBKE

Set on a new track and fully restored, the famous Loch Ness Monster roller coaster roared back into action in May for its 46th year of operation. According to Busch Gardens Williamsburg, Nessie was the world’s first interlocking loop coaster. In addition to the Loch Ness coaster’s reopening, the park launched a new event, “Summer […]

Virginia 500 August 29, 2024

Media 2024: JIM VANDEHEI

VandeHei co-founded Axios in 2016; it launched in 2017. Five years later, Atlanta-based Cox Enterprises acquired it for a reported $525 million. However, VandeHei remains at the helm as CEO. Communications software business Axios HQ became an independent company. A University of Wisconsin Oshkosh alumnus, VandeHei began on his entrepreneurial journey after spending time as […]

Virginia 500 August 29, 2024

Hospitality | Tourism 2024: JUSTIN G. KNIGHT

As CEO of Apple Hospitality, a publicly traded real estate investment trust, Knight oversees more than 220 hotels, mainly Hilton and Marriott brands, in 37 states and Washington, D.C. He joined the company in 2000 and took over from his father, founder Glade Knight, in 2014. The elder Knight serves as executive chairman of the […]

Thompson
Virginia 500 August 29, 2024

Hospitality | Tourism 2024: BRUCE L. THOMPSON

One of Hampton Roads’ most prominent developers and hoteliers, Norfolk native Thompson is best known for developing the Cavalier Resort, which includes the restored historic Cavalier Hotel as well as two new hotels, restaurants and residences on 21 acres at the Virginia Beach Oceanfront. The $435 million project is the culmination of nearly four decades […]

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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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