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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Virginia 500 August 29, 2024

Hospitality | Tourism 2024: MICHAEL GEORGE

A 40-year hospitality industry veteran, George founded Crescent Hotels & Resorts in 2001. The company operates more than 100 hotels and resorts in the U.S and Canada. Its hotel portfolio includes Marriott, Hilton and Hyatt brands, along with the Latitudes: Lifestyles by Crescent collection of independent hotels and resorts. In May, Crescent added the dual-branded […]

Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: WILLIAM H. ‘BILL’ DEAN

In August 2023, Dean opened the doors to a new, 168,000-square-foot building on his company’s manufacturing campus in Caroline County, completing a five-year, $63 million phase three expansion that created more than 500 jobs in Virginia. It’s just the latest development for Dean, who grew the relatively small business that his grandfather started in 1949 […]

Dr. Craig Kent was CEO of UVA Health until his resignation in February 2025. Photo courtesy University of Virginia
Virginia 500 August 29, 2024

Health Care 2024: DR. K. CRAIG KENT

Since joining UVA Health in 2020, Kent, a vascular surgeon who grew up in Nevada, has overseen significant expansion of the integrated health system. With University of Virginia President Jim Ryan, Kent helped establish the $350 million Paul and Diane Manning Institute of Biotechnology, which broke ground in late 2023. Recognizing Kent’s work, members of […]

Dr. Marlon Levy
Virginia 500 August 29, 2024

Health Care 2024: DR. MARLON LEVY

Levy has held his interim posts for nearly two years since Virginia Commonwealth University leadership pushed Dr. Art Kellermann to resign. Kellermann’s November 2022 exit came shortly before news broke in 2023 that VCU Health had paid approximately $73 million to back out of a $325 million development project that Kellermann warned against. Levy appeared […]

Virginia 500 August 29, 2024

Real Estate 2024: MARK DAVID EIN

Founded in 1972, Kastle Systems is a building and security systems provider that employs 700 people, including more than 100 Virginians. An investor, entrepreneur and philanthropist, Ein also is a minority owner of the Washington Commanders as of 2023. Ein is founder and owner of MDE Sports, which owns the Mubadala Citi DC Open tennis […]

Virginia 500 August 29, 2024

Real Estate 2024: CARL L. HARDEE

Hardee has been with Lawson Cos. for more than half of its 52-year tenure, and he became president and CEO in 2016. He oversees a 190-employee real estate company specializing in the development, construction and management of affordable, low-income and market-rate multifamily housing communities. Although the company got its start in Hampton Roads and still […]

Virginia 500 August 29, 2024

Education 2024: MARCIA CONSTON

Conston became TCC’s sixth president in January 2020, just before the pandemic. Laser-focused on ensuring student success despite the daunting challenge, she guided the college forward with a strategic plan — Innovate 2026 — and a vision “to be the community’s first choice for education, opportunity, partnership and innovation.” The second largest college in the Virginia […]

Virginia 500 August 29, 2024

2024 Virginia 500: Retail | Wholesale | Food | Beverage

ROBERT A. ‘BOB’ ARCHER CHAIRMAN, BLUE RIDGE BEVERAGE, SALEM     ELIZABETH ‘LIZA’ MYERS BORCHES PRESIDENT AND CEO, CARTER MYERS AUTOMOTIVE, CHARLOTTESVILLE     YOUNG CHOI PRESIDENT AND CEO, STARKIST, RESTON     REID A. BROWN PRESIDENT, BROWN DISTRIBUTING, RICHMOND MICHAEL DAVIS CEO AND PRESIDENT, CORT BUSINESS SERVICES, CHANTILLY     RICK DREILING CHA[...]

Virginia 500 August 29, 2024

Transportation 2024: CHARLES W. McDANIEL

McDaniel is Hilldrup’s fourth president since the Fredericksburg-based moving, storage and logistics company was founded in 1903. The McDaniel family has owned the company since 1940. McDaniel also chairs the board for UniGroup, the Missouri-based parent company of United Van Lines and Mayflower Transit. McDaniel has grown the company since starting his current position, generating […]

Virginia 500 August 29, 2024

Banking | Finance 2024: RICHARD FAIRBANK

After earning an economics degree and an MBA from Stanford University over a decade, Fairbank landed at Virginia’s Signet Bank, where he co-created the business that became Capital One, the Fortune Global 500 credit card giant. Fairbank became CEO in 1994 during Capital One’s initial public offering. In 2023, the bank reported $36.8 billion in […]

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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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