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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: PHONG LE

If there’s one company making a big bet on bitcoin, it’s MicroStrategy. As of July 10, MicroStrategy owned more than $13 billion worth of the cryptocurrency after acquiring an additional $1 billion in bitcoin over the previous year. Le took the lead at MicroStrategy in August 2022 after Michael Saylor, the company’s high-profile founder and […]

Nonprofits | Philanthropy 2023: SHERRIE ARMSTRONG
Virginia 500 August 29, 2024

Nonprofits | Philanthropy 2024: SHERRIE ARMSTRONG

Armstrong is only the second president and CEO of the Community Foundation for a greater Richmond, established in 1968. She has held that position since 2015 after 26 years of leadership roles with United Way at local and national levels, including working as executive vice president of investor relations at United Way Worldwide and serving […]

Real Estate 2023: TIMOTHY HELMIG
Virginia 500 August 29, 2024

Real Estate 2024: TIMOTHY HELMIG

After joining Monday Properties in 2005, Helmig has led the company to capital investments of more than $16 billion, an expanded multifamily portfolio of 6,500 units, and execution of transactions totaling more than 36 million square feet. A developer and investor of multifamily housing, Monday Properties has expanded its footprint into high-growth markets along the […]

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Virginia 500 August 29, 2024

Education 2024: KATHERINE A. ROWE

Rowe became president of the nation’s second-oldest university in 2018, after serving as provost and dean of faculty at Smith College. She has shepherded the creation of William & Mary’s first sustainability plan, an entrepreneurship hub and the college’s strategic plan, Vision 2026. In October 2023, William & Mary and The Colonial Williamsburg Foundation formed […]

Finance | Insurance 2023: SHANE McLAUGHLIN
Virginia 500 August 29, 2024

Banking | Finance 2024: SHANE McLAUGHLIN

In his role, McLaughlin oversees 88 branch locations and more than 750 employees.  A Virginia Tech alumnus, McLaughlin joined Wachovia in 2004, working as a licensed financial specialist in Richmond. He quickly climbed the ranks, first taking a position as a financial specialist sales leader and, later, becoming West End district manager.  Following Wells Fargo’s […]

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Virginia 500 August 29, 2024

Banking | Finance 2024: WAYNE F. WILBANKS

Wilbanks developed an interest in stocks and bonds at the age of 14. As a 16-year-old, he formed an investment partnership with other students. “I was hooked,” Wilbanks wrote on a Virginia Business survey. A graduate of Duke, Wilbanks co-founded Norfolk’s Wilbanks Smith & Thomas Asset Management in 1990, serving as the firm’s managing principal […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: SCOTT McINTYRE

McIntyre was retained as chairman and CEO after Guidehouse, a federal contractor and global provider of technology and consulting services, was acquired by a Bain Capital Private Equity affiliate for $5.3 billion in December 2023. Guidehouse had been owned by Veritas Capital since 2018. Employing more than 17,000 people in 55 locations across the globe, […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: STU SHEA

EDITOR’S NOTE: Shortly after the 2024-25 Virginia 500 was released, Shea announced he would step down as of Sept. 9. He is being succeeded by Steve Schorer, former CEO of Alion Science and Technology. Shea has been a fixture in the national security industry for decades. Since taking the helm when it was formed in […]

Real Estate 2023: DONALD E. STONE JR.
Virginia 500 August 29, 2024

Real Estate 2024: DONALD E. STONE JR.

Bringing more than 25 years of engineering and architecture industry experience, including 10 years of corporate operational leadership, Stone joined Dewberry in 2008 as the company’s chief operating officer. In 2010, he became CEO. Stone came to Dewberry from O’Brien & Gere, where he held several corporate leadership positions. Dewberry has more than 2,500 employees […]

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Virginia 500 August 29, 2024

Education 2024: MICHAEL RAO

It’s been a bumpy year for Rao and VCU, first with an ongoing dispute over VCU Health paying $73 million to exit a redevelopment project, followed in the spring by demands from some students for Rao’s removal following a violent clash between VCU police and pro-Palestinian protesters. Former Gov. Doug Wilder called for Rao, who […]

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Top Stories

An offshore wind turbine. A boat sits in the background.

Federal court grants Dominion injunction, allowing offshore wind construction to proceed

Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resum[...]

Depositphotos

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and mo[...]

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

Depositphotos

Solstice Advanced Materials to invest $220M in Chesterfield expansion

Solstice Advanced Materials plans to invest $220 million to expand production at its manufacturing f[...]

TowneBank in Chesterfield County. Photo by Kira Jenkins

TowneBank completes $476M acquisition of Dogwood State Bank

Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North[...]

Woman accused of running high-end brothels in Northern Virginia and near Boston set to be sentenced

Virginia Supreme Court orders new trial in $2B Appian-Pega case

The Virginia Supreme Court ordered a new trial in a $2 billion trade secrets lawsuit involving McLea[...]

People

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

15/1/2026

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Real Estate Information Network's new president John Chandler. Photo courtesy REIN

REIN announces 2026 board of directors

12/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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