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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

Banking | Finance 2025: WOODRIFF, JAFFRAY
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: WOODRIFF, JAFFRAY

Last year, the University of Virginia opened the School of Data Science building, which was funded with a portion of a $120 million gift made in 2019 from the Quantitative Foundation, the family foundation of Woodriff and his wife, Merrill, who are both alumni. It still marks the largest individual private grant in U.Va.’s history. In […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: TUCKER, TELLY

Tucker spent six years as Danville’s economic development director before leaving to serve the same role in Arlington County, where he helped land Boeing’s corporate headquarters relocation. But the pull of Southern Virginia is strong for Tucker, who left in 2022 to become president of Danville’s Institute for Advanced Learning and Research, a regional economic […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: EL KOUBI, JASON

Leader of the state’s economic development arm since 2022, El Koubi oversees numerous initiatives designed to attract business expansions and relocations in the commonwealth. El Koubi joined VEDP as executive vice president in 2017 under his predecessor, Stephen Moret. During his time at VEDP, El Koubi has played key roles in landing blockbuster deals like […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: BELCHER, JONATHAN S.

Leader of the Virginia Coalfield Economic Development Authority since 2006, Belcher has helped bring new jobs to Southwest Virginia through numerous economic development deals. In April, VCEDA announced it closed a $1.3 million loan with Lawrence Brothers, a Tazewell County manufacturing company, for an expansion expected to create several dozen new jobs. Last year, VCEDA […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: SCHAUFELD, FREDRICK D.

After graduating from Lehigh University in 1981, Schaufeld sold extended warranties to auto dealers while going through law school. When he learned his employer hadn’t actually taken out policies on all his clients, Schaufeld quit his classes and went into business for himself, creating National Electronics Warranty. In 2008, the company was acquired by Asurion. […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: LANGSTON, JAY A.

Langston has led the Shenandoah Valley’s regional economic development organization since 2018, after previously serving in multiple roles at the Virginia Economic Development Partnership for more than 13 years. For fiscal year 2024, the Shenandoah Valley Partnership notes, the region saw $297 million in investment and 667 jobs created. Since 2019, the organization has helped create more [[...]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: HUGHES, THOMAS ‘T.J.’

Hughes became regional president for greater Washington and Maryland in October, succeeding Evelyn Lee, who took a role at Eagle Bancorp in Bethesda, Maryland. A graduate of the University of Cincinnati, Hughes launched his banking career at Ohio-based Fifth Third Bank, holding roles in Ohio and Florida. In 2011, Hughes joined SunTrust Banks in Naples, […]

Economic Development 2025: BELCHER, JONATHAN S.
Economic Development 25 September 2, 2025

Economic Development 2025: HART III, H. GARRETT

Hart has more than four decades of experience in economic development and currently serves as vice president for the Virginia Economic Developers Association’s board of directors. Under his leadership, Chesterfield has landed big deals such as the $1 billion Lego Group manufacturing facility under construction in the county’s Meadowville Technology Park. In 2024, his department assis[...]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: SHOCKLEY, CHRISTOPHER M. ‘CHRIS’

Following its August 2024 acquisition of Roanoke-based Member One Federal Credit Union, Virginia Credit Union plans to fully integrate all Member One’s operations into VACU by spring 2026. Shockley remains president and CEO of the combined credit union. Last year, VACU reported about $6.85 billion in assets and nearly 490,000 members, making it the third largest […]

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 25 September 2, 2025

Banking | Finance 2025: SPROWLS, RYAN C.

In April, after 25 years with Wells Fargo Advisors, Sprowls founded 114 Private Wealth, which has 11 team members managing $2.5 billion in assets. The firm is affiliated with Wells Fargo Financial Network, an independent broker channel. Ranked third among Virginia’s top wealth advisers, according to Florida’s SHOOK Research, Sprowls is also included on Barron’s 2025 list of t[...]

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Top Stories

What to watch for in the Virginia governor’s race debate between Spanberger and Earle-Sears

Candidates in Virginia governor’s debate clash over shutdown and violent rhetoric

RICHMOND, Va. (AP) — Republican Winsome Earle-Sears and Democrat Abigail Spanberger faced off [...]

AstraZeneca plans multibillion-dollar pharma factory in Virginia

AstraZeneca to invest $4.5B in Albemarle manufacturing plants

AstraZeneca will invest $4.5 billion to establish two new manufacturing facilities in Albemarle Coun[...]

What to watch for in the Virginia governor’s race debate between Spanberger and Earle-Sears

What to watch for in the Virginia governor’s race debate between Spanberger and Earle-Sears

Virginia governor hopefuls Abigail Spanberger and Winsome Earle-Sears debate at Norfolk State in a k[...]

Photo of four-story building

Owens & Minor to sell largest business segment for $375M

Fortune 500 company Owens & Minor, based in Henrico County, announced Wednesday that it plans to sel[...]

Image by AdobeStock

Hampton Roads too reliant on federal dollars, economists warn

Economists warn that the Hampton Roads region is overly reliant on federal spending and is at risk i[...]

Trump administration threatens no back pay for federal workers in shutdown

Trump administration threatens no back pay for federal workers in shutdown

The Trump administration says furloughed workers aren’t guaranteed back pay during the shutdown, r[...]

People

William Streilein. Photo courtesy Noblis

Noblis names new CTO

9/10/2025

Anne Smith. Photo courtesy Hooker Furnishings.

Hooker Furnishings CAO to depart in cost-cutting plan

8/10/2025

Dale Wagoner plans to retire as CEO at the end of the year. Photo courtesy LMI

LMI CEO transitions to chairman

6/10/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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