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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: BILL MONET

Monet leads Akima, an Alaska Native corporation that handles federal contracts for the for-profit NANA Regional business owned by Indigenous Iñupiat shareholders. Akima has more than 10,000 employees across the world. With more than 30 years of experience in modernizing processes for federal, state, local and commercial clients, Monet is chief operating officer of NANA […]

Virginia 500 August 29, 2024

Insurance 2024: FRANK LUCIA

Since 2017, Lucia has led Delta Dental of Virginia, one of the state’s largest dental benefits providers, and its holding company, Corvesta. Delta has about 250 employees in Virginia and posted $780 million in 2023 revenue.  Previously, Lucia was president and CEO of Dean Health Plan in Madison, Wisconsin, and worked in finance for Cigna […]

Virginia 500 August 29, 2024

2024 Virginia 500: Law

FARHAD AGHDAMI MANAGING PARTNER, RICHMOND OFFICE, WILLIAMS MULLEN, RICHMOND     JEFFREY A. BREIT PARTNER, BREIT BINIAZAN, VIRGINIA BEACH       ROBERT P. BEAMAN III VIRGINIA BEACH OFFICE MANAGING PARTNER, TROUTMAN PEPPER HAMILTON SANDERS, VIRGINIA BEACH     DAVID C. BURTON REGIONAL MANAGING PARTNER FOR HAMPTON ROADS, WILLIAMS MULLEN, VIRGINIA BEACH     V[...]

Virginia 500 August 29, 2024

Real Estate 2024: GEORGE B. CLARKE IV

In 1982, Clarke didn’t just graduate from Virginia Tech with a bachelor’s degree in civil engineering; he also founded MEB General Contractors, a full-service construction firm and master builder. Launched with a handful of employees as a small federal govern-ment contractor serving military installations across the Hampton Roads area, MEB has since grown into a […]

Virginia 500 August 29, 2024

Real Estate 2024: DONNA MacMILLAN-WHITAKER

MacMillan-Whitaker has a history of working on major projects. As the development partner to Virginia Beach-raised music and fashion superstar Pharrell Williams, she’s been in the news most recently for the Atlantic Park project near the Oceanfront, the largest public-private partnership in Virginia Beach’s history. The $350 million mixed-use entertainment project, scheduled to open in [&helli[...]

Virginia 500 August 29, 2024

Education 2024: MAKOLA M. ABDULLAH

A scan of Abdullah’s accomplishments since joining the public, historically Black university in 2016 makes clear why his résumé includes so many accolades, prestigious board appointments and spots on top 10 and “best of” lists — not to mention a multimillion-dollar contract to stay on as president through 2029. Under his leadership, VSU has seen […]

Virginia 500 August 29, 2024

Manufacturing 2024: TOM HAYES

Hayes began working for the tobacco products manufacturer in 2006, serving as chief financial officer and senior vice president before becoming president of Swedish Match in 2020. Swedish Match manufactures and distributes chew bags, moist snuff, cigars, tobacco-free nicotine pouches, matches and lighters. Among its notable brands are Zyn nicotine pouches, Red Man chewing tobacco […]

Virginia 500 August 29, 2024

Living Legends 2024: PAUL B. MANNING

In January 2023, Manning and his wife, Diane, donated $100 million to the University of Virginia to create the Paul and Diane Manning Institute of Biotechnology, which will advance research into new medical treatments, such as cellular and gene therapies, nanotechnology and immunotherapy. U.Va. broke ground on the institute in December 2023; its expected completion […]

Virginia 500 August 29, 2024

Media 2024: KELLY TILL

After 24 years as an advertising executive with Tribune Publishing’s The Virginian-Pilot and Daily Press, Till became the first female publisher in the 172-year history of the Richmond Times-Dispatch in 2022. She also serves as regional vice president of sales for the newspaper’s parent company, Lee Enterprises. Till joined Lee Enterprises in 2020 as vice […]

Virginia 500 August 29, 2024

Economic Development 2024: WILL PAYNE

Payne and his team helped secure a 65,000-acre development deal in Southwest Virginia, announced in November 2023, with Fortune 100 energy company Energy Transfer as part of the Energy DELTA Lab initiative. His team is leading a 10-year strategy, developing the land with projects that could generate 1 gigawatt of power. The deal also includes […]

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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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