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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

The Power 50
Virginia 500 August 29, 2024

Economic Development 2024: JASON EL KOUBI

As VEDP’s leader since 2022, El Koubi oversees numerous initiatives designed to attract outside companies to locate in the commonwealth and to help Virginia businesses expand operations. He’s also responsible for growing economic awareness of Virginia globally, as evidenced by the Virginia trade office in Taiwan that VEDP opened in September 2023, after Gov. Glenn […]

Economic Development 2023: ANTHONY ROMANELLO
Virginia 500 August 29, 2024

Economic Development 2024: ANTHONY J. ROMANELLO

Henrico County is poised to be home to a large technology campus on more than 600 acres not far from the Richmond Airport, after the Board of Supervisors greenlit in May a request for rezoning from developer Hourigan. The project could eventually be home to multiple data centers and light manufacturing facilities. The development would […]

Federal Contractors | Technology
Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: JILL SINGER

In September 2023, Singer began her new role as AT&T’s vice president of federal solutions. In this role, Singer works to advance the adoption of 5G capabilities and promote network modernization efforts to support government missions. This effort includes everything from helping first responders communicate during disasters to enabling the U.S. Air and Space forces […]

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Virginia 500 August 29, 2024

Professional Services 2024: THOMAS L. MILBURN

Last October, Milburn was tapped as the new CEO for YHB, the accounting services firm where he began his career in 1997. Each YHB CEO serves a five-year term, and Milburn succeeds C. Scott Moulden, under whose leadership the firm acquired five accounting firms and grew to 300-plus employees, expanding into Maryland and developing its […]

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Virginia 500 August 29, 2024

Real Estate 2024: CHRIS CLEMENTE

Clemente is the son-in-law of NVR founder Dwight Schar, who is a co-owner of Comstock Holdings and Comstock Partners with Clemente. Founded in 1985, the privately held Comstock is among the mid-Atlantic’s largest developers of mixed-use and transit-oriented developments. Comstock’s 2023 revenue was $44.7 million, with a managed portfolio of 49 properties. It’s best known […]

Finance | Insurance 2023: THEODORE L. ‘TED’ CHANDLER JR.
Virginia 500 August 29, 2024

Banking | Finance 2024: THEODORE L. ‘TED’ CHANDLER JR.

Chandler has decades of business and legal experience to share with entrepreneurs as one of NRV’s founders. In 2011, he co-founded the startup investing firm — then known as New Richmond Ventures — with fellow Richmond business leaders Jim Ukrop and Bob Mooney. Today, the firm financially contributes to the Farmer Focus organic meat brand, Norfolk-based […]

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Virginia 500 August 29, 2024

Economic Development 2024: NANCY GRDEN

A longtime economic development and maritime leader in Hampton Roads, Grden was key in overseeing the 2023 merger of Reinvent Hampton Roads and the Hampton Roads Business Roundtable, resulting in the creation of the Hampton Roads Executive Roundtable, which she now leads. Previously, she was director of the Hampton Roads Maritime Collaborative for Growth & […]

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Virginia 500 August 29, 2024

Economic Development 2024: DOUG SMITH

In the first few months of 2024, freight business Total Quality Logistics announced it would open a new location in Norfolk, and Australian company Quality Maritime Surveyors said it was expanding to the Hampton Roads area. The announcements continue momentum from 2023, when the Hampton Roads Alliance’s 13 new project announcements represented more than 2,800 […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: RAUL FERNANDEZ

In February, Fernandez was named president and CEO of Fortune 500 IT services and consulting company DXC Technology after serving in an interim capacity since December 2023 and on the company’s board of directors since 2020. He succeeded Mike Salvino following three years of declining revenues. Headquartered in Ashburn, DXC has roughly 130,000 employees serving […]

Professional Services 2023: RUTH ‘PAIGE’ CLAY
Virginia 500 August 29, 2024

Professional Services 2024: RUTH ‘PAIGE’ CLAY

In January, Clay became global sales and client engagement leader for Marsh McLennan in addition to being a senior partner for its Mercer subsidiary. In her new role, she develops sales and client engagement strategies for the Fortune 500 professional services firm’s four businesses, which collectively have more than 85,000 employees in about 130 countries; […]

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Top Stories

An aerial view of the property Buc-ee's purchased in Stafford County to pave the way for a travel center. Image courtesy S.L. Nusbaum Realty Co.

Buc-ee’s purchases Stafford site for planned travel center

Buc-ee's has purchased more than 35 acres in Stafford County near Interstate 95's Exit 140, paving t[...]

The interior of a data center

Digital Realty to buy Alexandria VC firm founded by Warner

Digital Realty plans to acquire Alexandria venture capital firm Columbia Capital in a deal that coul[...]

Pictured in 2021, George Mason University President Gregory Washington. Photo courtesy George Mason University

GMU president’s contract extended through 2031

Washington's job appeared to be in jeopardy less than a year ago, as the Trump administration launch[...]

Gov. Abigail Spanberger signs a bill increasing Virginia's minimum wage to $15 per hour by 2028.

Virginia budget with data center tax moves to Spanberger’s desk

Virginia legislators passed a compromise biennial budget Monday that includes an electricity consump[...]

Part of CarMax Park as seen from Arthur Ashe Boulevard. Photo by Katherine Schulte

Thalhimer files response to Flying Squirrels owner’s defamation lawsuit 

Thalhimer Realty Partners denies defamation claims by Richmond Flying Squirrels owner Lou DiBella in[...]

Virgnia Sen. Louise Lucas (left) speaks with an attendee of a Chesterfield County data center town hall she hosted June 16, 2026, with Sen. Mamie Locke (right). Photo by Kate Andrews/Virginia Business

Data center discord continues to block Virginia budget agreement

Virginia senators continue push for tax break repeal on data centers, while governor and House back [...]

People

Jacco van Teeffelen. Photo courtesy The Omni Homestead Resort & Spa

Omni Homestead taps new managing director

23/6/2026

CACI International announced that David Young has joined the company as executive vice president and chief operating officer. Photo courtesy CACI

CACI appoints new COO

22/6/2026

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

12/6/2026

Regions

More than $1 million in renovations are planned at The Inn at Wise. Photo courtesy The Inn at Wise

Inn at Wise gets new lease-purchase on life

MK4 Hotel owner Mike Patel signs a $3 million lease-purchase for the Inn at Wise, planning over $1 m[...]

L to R: Mark Heath, president and CEO of Martinsville-Henry County Economic Development Corp., and Henry County Administrator Dale Wagoner show off the Patriot Centre Industrial Park’s new shell building. Photo by Natalee Waters

Henry County partners with developer on shell building

Henry County partners with Marlboro Development Team to build a $10 million industrial shell buildin[...]

Portsmouth Economic Development Director Brian Donahue stands at the Crawford Bay site the city hopes to redevelop. Photo by Kristen Zeis

Portsmouth advances waterfront redevelopment plans

Portsmouth moves forward with selecting a developer for a mixed-use project on the 6-acre Crawford B[...]

Washington Dulles International Airport expects a record-breaking 30 million passengers in 2026. Photo courtesy Metropolitan Washington Airports Authority

Dulles ramps up airport expansion work

Washington Dulles International Airport plans to exceed 30 million passengers with the opening of Co[...]


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