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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Finance | Insurance 2023: CECILIA A. HODGES
Virginia 500 August 29, 2024

Banking | Finance 2024: CECILIA A. HODGES

Hodges has worked in the banking industry for more than 37 years.  Leading the greater Washington, D.C., and Virginia regions since 2018, Hodges manages teams in more than 60 branches, and she’s also well known for her community service, including for the Washington, D.C.-area Easterseals chapter and Women Giving Back, which supports women and children […]

Leadership: On the move
Virginia 500 August 29, 2024

Banking | Finance 2024: TYRONE NOEL

Noel became president of Bank of America’s Hampton Roads market in September 2023, replacing Frank Castellanos, who is the Merrill market executive for the greater Washington, D.C., area. In this role, Noel leads 500 employees across eight business lines and oversees the bank’s efforts to grow “by fostering local connections and identifying opportunities to grow […]

Virginia 500 August 29, 2024

2024 Virginia 500: Media

JON CARPENTER CEO, COMSCORE, RESTON     DOUG DAVIS SENIOR VICE PRESIDENT/REGIONAL MANAGER, NEXSTAR BROADCASTING, PORTSMOUTH     JOSH EASTRIGHT CEO, BLOOMBERG INDUSTRY GROUP, ARLINGTON COUNTY     PAULA A. KERGER PRESIDENT AND CEO, PUBLIC BROADCASTING SERVICE, ARLINGTON COUNTY     TIMOTHY J. O’SHAUGHNESSY PRESIDENT AND CEO, GRAHAM HOLDINGS, ARLINGTON COUNTY [...]

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Virginia 500 August 29, 2024

Energy 2024: ROBERT DUVALL

In his second stint at the helm of Virginia Natural Gas, Duvall is responsible for delivering natural gas to more than 310,000 customers across southeastern Virginia. After earning a bachelor’s degree in civil engineering from Clemson University, Duvall began his career in 1984 as a distribution engineer at Atlanta Gas Light, a subsidiary of VNG’s […]

Real Estate 2023: TIMOTHY A. FAULKNER
Virginia 500 August 29, 2024

Real Estate 2024: TIMOTHY A. FAULKNER

Named CEO in 2022, Faulkner previously served as chief operating officer and president of property management for Breeden, which has about 425 employees in Virginia. Previously, Faulkner was president and COO of Lawton Lumber, and also worked for American Coating Technologies and Procter & Gamble. As Breeden’s CEO, he oversees a real estate development and […]

Real Estate: KIM ROY
Virginia 500 August 29, 2024

Real Estate 2024: CHRIS MOLIVADAS

Molivadas has been in commercial real estate for more than 30 years. He previously was senior vice president at Spaulding & Slye Colliers, which was acquired by JLL in 2005, and he became JLL’s mid-Atlantic market director in 2018. Before that, he was a project manager for Clark Construction and a project director for Quadrangle […]

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Virginia 500 August 29, 2024

Education 2024: TROY D. PAINO

UMW had its most successful fundraising year so far in 2022-23, raising more than $21.36 million in gifts and pledges, including a portion of a $30 million bequest from a 1959 alumna to support undergraduate research and scholarships, announced in March 2023. Last year, Paino received the National Association of Student Personnel Administrators’ 2023 President’s […]

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Virginia 500 August 29, 2024

Retail 2024: RICK DREILING

Dreiling’s first year as Dollar Tree’s CEO has seen a continuation of some of the tumult that preceded his time leading the Fortune 500 discount retailer. The chain reported $30.6 billion in revenue in fiscal 2023, but a $1.7 billion loss in the fourth quarter. Following that poor performance, the company announced it would close […]

Finance | Insurance 2023: MARK A. FRANTZ
Virginia 500 August 29, 2024

Banking | Finance 2024: MARK A. FRANTZ

Co-founded by Frantz in 2009, Blue Delta is a venture capital firm that supports growth-stage companies providing technology solutions to the federal government.  In April, Blue Delta announced it had invested $25 million in Maryland’s Herrick Technology Laboratories, a provider of software-defined radio (which relies on software rather than hardware to control frequencies) and related [&hellip[...]

Economic Development 2023: CAREN MERRICK
Virginia 500 August 29, 2024

Economic Development 2024: CAREN MERRICK

Years before she was appointed to serve in Gov. Glenn Youngkin’s administration, Merrick and her husband, Phillip Merrick, founded webMethods, a software company that helped businesses connect data from disparate systems via the web. The company grew steadily from the mid-1990s tech boom until the business sold to Software AG in 2007 for $546 million. […]

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Top Stories

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 [...]

Sen. Lashrecse Aird speaks during a June 16, 2026, news conference announcing Virginia's cannabis recreational sale framework, along with Gov. Abigail Spanberger and Del. Paul Krizek. Photo by Kate Andrews/Virginia Business

Spanberger, legislators come to marijuana retail compromise

Licensed recreational marijuana sales would start July 1, 2027, under compromise language entered in[...]

Gov. Abigail Spanberger touts the state's support for Jefferson Lab during a June 12 groundbreaking event for the Jefferson Lab Data Center. Photo by Josh Janney

Spanberger backs House budget, but data center tax fight divides Democrats

Gov. Abigail Spanberger said she supports the Virginia House of Delegates proposal of an "expansive"[...]

People

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

Government Contractors | Technology 2025: GRAY, DeETTE

CACI International U.S. operations president to retire

9/6/2026

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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