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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Finance | Insurance 2023: EVELYN LEE
Virginia 500 August 29, 2024

Banking | Finance 2024: EVELYN LEE

Lee’s role expanded in October to include oversight of Maryland, following the retirement of Greg Farno, whom Lee described as a friend and a “true leader” of both Baltimore and Truist.  A William & Mary alumna, Lee has led the greater Washington market since 2019, following the merger of BB&T and SunTrust Banks that created […]

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Virginia 500 August 29, 2024

Economic Development 2024: H. GARRETT HART III

Construction is progressing on The Lake, a 105-acre mixed-use development in Chesterfield County, which Hart hopes will help attract more businesses to the area. It will have a 13-acre artificial lake and a 6-acre surf park, one of a handful of such facilities nationwide that can generate waves large enough to surf. Hart also has […]

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Virginia 500 August 29, 2024

Hospitality | Tourism 2024: MOLLY HARDIE; ROBERT HARDIE

H7 Holdings is a private family investment company that owns and manages Keswick Hall and Golf Club in Albemarle County and the Hermitage Hotel in Nashville, Tennessee. Level One Partners is a venture capital firm that invests in the health care and life sciences sectors. The couple also runs the H7 Foundation, supporting educational and […]

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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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Top Stories

An aerial view of the Botetourt Center at Greenfield. Photo courtesy Botetourt County

Google’s Botetourt data center campus may use 8M gallons of water daily

Unredacted documents reveal Google’s planned Botetourt data center may require 2M–8M gallons of [...]

Bryan H. Fairbanks will retire after nearly 23 years with Trex. Photo courtesy Trex

Trex CEO Bryan Fairbanks to retire in April

Trex Co. announced Tuesday that President and CEO Bryan H. Fairbanks will retire April 28 after near[...]

Southern Virginia Multimodal Park. Photo courtesy Matt Rowe, Pittsylvania County's economic development directo

Avio USA picks Pittsylvania for $500M solid rocket motor plant

Avio USA will build a $500 million rocket motor plant in Pittsylvania County, creating 1,000+ jobs i[...]

Victor Hoskins. Photo courtesy Fairfax County Economic Development Authority.

Hoskins to exit Fairfax EDA after six-year tenure

Victor Hoskins will leave the Fairfax County EDA after six years, a tenure credited with nearly 64,0[...]

Hampton logistics company closes, laying off 63

AOL to lay off 108 tied to Reston office

AOL plans 108 layoffs linked to its Reston office as Bending Spoons completes its acquisition of the[...]

CoStar cuts Richmond jobs as Homes.com faces scrutiny

CoStar cuts Richmond jobs as Homes.com faces scrutiny

CoStar is laying off Richmond employees as it expands AI at Homes.com and faces investor criticism o[...]

People

Ashish Jandial

ASGN announces commercial segment presidents

27/2/2026

Dr. Reid Adams. Photo courtesy UVA Health.

UVA Health promotes inaugural chief medical officer

24/2/2026

Atlantic Union Bankshares new CFO Alexander Dodd

Atlantic Union Bankshares appoints new CFO

24/2/2026

Regions

Norfolk casino General Manager Ron Bailey leads a tour of the Interim Gaming Hall, which opened in November 2025. Photo by Kristen Zeis

Will new casino be a jackpot for Norfolk?

Norfolk’s $750M casino project is on track for 2027, but rising competition and lower tax projecti[...]

Clarke County Industrial Development Authority Chair William Waite, Clarke County Director of Economic Development & Tourism Michelle Ridings and Clarke County Board of Supervisors Chair David Weiss stand at the site of a proposed business park. Photo by Norm Shafer

Clarke to repurpose ex-prison site into business park

Clarke County’s long-planned second business park has taken a significant step toward becoming rea[...]

InternshipsVA could help the region retain talent, says EO’s Travis Staton. Photo by Earl Neikirk

EO to lead internship development program

A new statewide initiative is connecting Southwest Virginia businesses with emerging talent at the r[...]

Vinton Town Manager Pete Peters at Extended Stay America Premier Suites site Photo by Natalee Waters

Roanoke Valley confronts hotel room shortage

As a trio of hotels shuttered in the city over the past several years, the number of rooms available[...]


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