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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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 […]

Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: CHRISTOPHER T. CALIO

In May, Calio became president and CEO of Fortune Global 500 aerospace and defense contractor RTX. Previously known as Raytheon Technologies, the company moved its headquarters to Arlington in 2022 and rebranded in 2023. At RTX, Calio, who previously served as chief operating officer, leads 185,000 employees. Calio also was president of RTX subsidiary Pratt […]

Virginia 500 August 29, 2024

Professional Services 2024: LAURA SPROUSE

In June, Sprouse was named CEO of Brown Edwards, the accounting firm where she has spent more than 25 years of her career. She succeeds Jason Hartman, who retired after 38 years.  Sprouse’s expertise focuses on accounting information system services. She has a bachelor’s degree in accounting, finance and decision support systems from Ferrum College […]

Virginia 500 August 29, 2024

Real Estate 2024: MATTHEW GANNON

Gannon joined Colliers International as executive managing director and Washington, D.C., market leader in 2019, taking on responsibility for the strategic direction and performance of the firm’s offices in Washington, D.C., Northern Virginia and Maryland. He had spent the previous five years at Paramount Group, leading leasing efforts for the company’s greater Washington office portfolio. [&h[...]

Virginia 500 August 29, 2024

Agriculture 2024: JOHN KING

After multinational food company Pilgrim’s Pride announced it was closing a Hinton poultry processing plant in 2004 — constituting a major hit to the local economy — Shenandoah Valley turkey growers formed the Virginia Poultry Growers Cooperative. The co-op employs roughly 500 people and has nearly 200 grower members; 100% of VPGC’s profits go back to […]

Virginia 500 August 29, 2024

Banking | Finance 2024: JOSEPH W. ‘JOE’ MONTGOMERY

Montgomery went to work at an investment firm in December 1975 — meaning he’s enjoying his 49th year in the industry. Montgomery credits the power of relationships and his alma mater, William & Mary, for his career success. “The trajectory of my life was determined, really, by lining up where I went to school,” he […]

Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: TERRY RYAN

With more than 20 years of executive experience in the federal technical services market, Ryan was named CEO of global risk management firm Constellis Holdings in 2021, having previously served as its lead director. Before coming to Constellis, Ryan was CEO of Adroit Systems, VT Group and Tenax Aerospace. He also held senior executive positions […]

Virginia 500 August 29, 2024

Government | Politics 2024: KHALID JONES

Following his appointment by Gov. Glenn Youngkin in April, Jones took the helm of the Virginia Lottery, an agency whose responsibilities continue to grow as the state embraces more forms of gambling. Besides overseeing traditional scratch and draw games, the state lottery has been charged with regulating casinos — legalized in Virginia through a 2020 […]

U.S. Sen. Tim Kaine, D-Virginia
Virginia 500 August 29, 2024

Government | Politics 2024: TIM KAINE

Labeled by supporters as “America’s Dad” for his level-headed, folksy and sometimes wonky demeanor, Democrat Kaine has been a fixture in Virginia politics since his 1994 election to Richmond City Council. From there, he became Richmond mayor, then Virginia’s lieutenant governor and governor. His 2006-10 term in the Executive Mansion was marked by both the […]

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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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