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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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 […]

Virginia 500 August 29, 2024

Transportation 2024: LAKSHMI WILLIAMS

In her role since 2012, Williams oversees all legal areas for the North American branch of the Australian $40 billion-plus transportation infrastructure company with 3,000 employees worldwide. Among its other projects worldwide, Transurban operates the Interstate 495 northern extension and Interstate 95 express lanes between Fredericksburg and Washington, D.C. In February 2023, Williams led the [&[...]

WAKEFIELD
Virginia 500 August 29, 2024

Economic Development 2024: JENNIFER WAKEFIELD

Before assuming her current role in 2021, Wakefield served as interim president and CEO twice for the Greater Richmond Partnership, a regional economic development organization for Richmond and the counties of Chesterfield, Hanover and Henrico. She has also been its chief operating officer and senior vice president of marketing. The partnership works closely with the […]

Virginia 500 August 29, 2024

Nonprofits | Philanthropy 2024: CHARLES D. ‘CHUCK’ HENDERSON

Henderson joined the American Diabetes Association in January 2020 and was named permanent CEO in May 2022 after serving as interim CEO for six months. He previously worked in the private sector for 24 years, most recently as president and CEO of Texas-based emergency services company Champion Fire & Security. In 2023, the ADA partnered […]

Virginia 500 August 29, 2024

Retail 2024: POUL WEIHRAUCH

Since taking the reins at the candy and pet food giant in September 2022, Weihrauch has been aiming to double its sales by 2033. In service to that expansion, Mars acquired six candy and veterinary companies in 2023 and 2024. These include Hotel Chocolat, the United Kingdom’s largest chocolate maker, and ownership stakes in Cerba […]

Virginia 500 August 29, 2024

Transportation 2024: CAPT. JANET H. DAYS

In February 2023, Days made history as the first Black commanding officer of Naval Station Norfolk, the world’s largest naval base, after serving as executive officer since 2021. Naval Station Norfolk supports the operational readiness of the U.S. Atlantic Fleet and employs 89,000 military personnel and 52,000 civilians.  A Chicago native, Days graduated from Old […]

Virginia 500 August 29, 2024

Transportation 2024: KEITH HALL

In September 2023, Hall tasked Bob McGonigal, TFI International executive vice president, with helping turn around TFI’s U.S. less-than-truckload operation, which saw an operating ratio downturn last year, from 99% to 90.1%. TForce, previously owned by UPS, was purchased by Montreal-based TFI in 2021 for $800 million, and lost revenue in the past two years. […]

Virginia 500 August 29, 2024

Law 2024: JEFFREY A. BREIT

A Hampton Roads native, Breit is known for representing plaintiffs in high-profile personal injury cases. In recent months, Breit’s name frequently has shown up in news articles for being part of the legal team representing Abby Zwerner, the Newport News elementary school teacher shot by a 6-year-old student in January 2023. In November, a Newport […]

Virginia 500 August 29, 2024

Arts | Entertainment | Sports 2024: BRIDGETTE C. BYWATER

Under Bywater’s leadership since 2021, the 49-year-old Kings Dominion theme park continues to seek out new concepts and ideas to entice and excite guests. The 400-acre amusement park is home to more than 60 rides, shows and attractions, including 13 roller coasters and Soak City, a 20-acre waterpark. The latest thrill is a new ride, […]

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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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