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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

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Virginia 500 August 29, 2024

Media 2024: JIM VANDEHEI

VandeHei co-founded Axios in 2016; it launched in 2017. Five years later, Atlanta-based Cox Enterprises acquired it for a reported $525 million. However, VandeHei remains at the helm as CEO. Communications software business Axios HQ became an independent company. A University of Wisconsin Oshkosh alumnus, VandeHei began on his entrepreneurial journey after spending time as […]

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Virginia 500 August 29, 2024

Hospitality | Tourism 2024: JUSTIN G. KNIGHT

As CEO of Apple Hospitality, a publicly traded real estate investment trust, Knight oversees more than 220 hotels, mainly Hilton and Marriott brands, in 37 states and Washington, D.C. He joined the company in 2000 and took over from his father, founder Glade Knight, in 2014. The elder Knight serves as executive chairman of the […]

Thompson
Virginia 500 August 29, 2024

Hospitality | Tourism 2024: BRUCE L. THOMPSON

One of Hampton Roads’ most prominent developers and hoteliers, Norfolk native Thompson is best known for developing the Cavalier Resort, which includes the restored historic Cavalier Hotel as well as two new hotels, restaurants and residences on 21 acres at the Virginia Beach Oceanfront. The $435 million project is the culmination of nearly four decades […]

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Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: CHRISTOPHER T. CALIO

In May, Calio became president and CEO of Fortune Global 500 aerospace and defense contractor RTX. Previously known as Raytheon Technologies, the company moved its headquarters to Arlington in 2022 and rebranded in 2023. At RTX, Calio, who previously served as chief operating officer, leads 185,000 employees. Calio also was president of RTX subsidiary Pratt […]

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Virginia 500 August 29, 2024

Professional Services 2024: LAURA SPROUSE

In June, Sprouse was named CEO of Brown Edwards, the accounting firm where she has spent more than 25 years of her career. She succeeds Jason Hartman, who retired after 38 years.  Sprouse’s expertise focuses on accounting information system services. She has a bachelor’s degree in accounting, finance and decision support systems from Ferrum College […]

Real Estate 2023: MATTHEW ‘MATT’ GANNON
Virginia 500 August 29, 2024

Real Estate 2024: MATTHEW GANNON

Gannon joined Colliers International as executive managing director and Washington, D.C., market leader in 2019, taking on responsibility for the strategic direction and performance of the firm’s offices in Washington, D.C., Northern Virginia and Maryland. He had spent the previous five years at Paramount Group, leading leasing efforts for the company’s greater Washington office portfolio. [&h[...]

Agriculture 2023: JOHN KING
Virginia 500 August 29, 2024

Agriculture 2024: JOHN KING

After multinational food company Pilgrim’s Pride announced it was closing a Hinton poultry processing plant in 2004 — constituting a major hit to the local economy — Shenandoah Valley turkey growers formed the Virginia Poultry Growers Cooperative. The co-op employs roughly 500 people and has nearly 200 grower members; 100% of VPGC’s profits go back to […]

Finance | Insurance 2023: JOSEPH W. ‘JOE’ MONTGOMERY
Virginia 500 August 29, 2024

Banking | Finance 2024: JOSEPH W. ‘JOE’ MONTGOMERY

Montgomery went to work at an investment firm in December 1975 — meaning he’s enjoying his 49th year in the industry. Montgomery credits the power of relationships and his alma mater, William & Mary, for his career success. “The trajectory of my life was determined, really, by lining up where I went to school,” he […]

Federal Contractors | Technology
Virginia 500 August 29, 2024

Federal Contractors | Technology 2024: TERRY RYAN

With more than 20 years of executive experience in the federal technical services market, Ryan was named CEO of global risk management firm Constellis Holdings in 2021, having previously served as its lead director. Before coming to Constellis, Ryan was CEO of Adroit Systems, VT Group and Tenax Aerospace. He also held senior executive positions […]

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Virginia 500 August 29, 2024

Government | Politics 2024: KHALID JONES

Following his appointment by Gov. Glenn Youngkin in April, Jones took the helm of the Virginia Lottery, an agency whose responsibilities continue to grow as the state embraces more forms of gambling. Besides overseeing traditional scratch and draw games, the state lottery has been charged with regulating casinos — legalized in Virginia through a 2020 […]

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Top Stories

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"[...]

John G. Rocovich Jr. talks with cadets during the Distinguished Alumni of the Corps award ceremony in 2025. Photo courtesy Virginia Tech

Rocovich sues Spanberger, seeks reinstatement on Virginia Tech board

Less than two weeks after being removed from the Virginia Tech's Board of Visitors, John Rocovich su[...]

Private schools’ graduation numbers remain stable

Trey Falwell sues Liberty for $1.75M

Jerry “Trey” Falwell III is suing Liberty University for $1.75 million, alleging the school brea[...]

People

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

Hampden-Sydney College President Larry Stimpert. Photo courtesy Hampden-Sydney College

Hampden-Sydney president to retire next year

8/6/2026

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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