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Home>Virginia Business

Virginia Business

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Recent Articles from Virginia Business

TELECOMMUNICATIONS 2025: MORCHE, ED
Telecommunications 25 September 2, 2025

TELECOMMUNICATIONS 2025: MORCHE, ED

Morche, a telecommunications industry veteran with more than 30 years of experience, joined GTT in 2023 after serving as president of Lumen Technologies’ North American Enterprise and Public Sector business. He worked at CenturyLink, which rebranded as Lumen in 2020, and Level 3 Communications, leading the consolidation of multiple commercial and technical organizations following Level [&hel[...]

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

Economic Development 2025: RIZER, BUDDY

After a career as a radio DJ, Rizer reinvented himself as an economic developer. He has headed Loudoun County’s economic development for 18 years and is best known for helping build the county’s Ashburn area into Data Center Alley, marketed as the world’s largest concentration of data centers. Loudoun collects nearly $1 billion dollars in […]

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

Economic Development 2025: WINN, CHRISTINA

Before taking the reins in Prince William County in 2019, Winn was director of Arlington Economic Development’s Business Investment Group, where she played a major role in recruiting Amazon.com’s $2.5 billion-plus HQ2 East Coast headquarters. Under her leadership, Prince William last year reported 51 project wins (including new projects, expansions and redevelopments) representing mor[...]

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, […]

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Top Stories

FILE PHOTO: Frankie, the mascot for Nathan's Famous hot dogs, excites the audience at the official weigh-in ceremony, ahead of the Coney Island's 2025 Nathan's Famous Fourth of July International Hot Dog Eating Contest in New York City, U.S., July 3, 2025. REUTERS/Angelina Katsanis/File Photo

Smithfield Foods plans to buy Nathan’s Famous in $450M deal

Smithfield Foods announced Wednesday it has entered a deal to purchase Nathan's Famous, the hot dog [...]

Virginia Gov. Abigail Spanberger was sworn in as Virginia’s 75th governor, the first woman to hold the office, on Jan. 17, 2026. Photo by Kira Jenkins/Virginia Business

Spanberger sworn in as Virginia’s first woman governor

Under cloudy skies at the Virginia State Capitol, Abigail Davis Spanberger was sworn in as Virginia'[...]

The University of Virginia Rotunda. Photo by Jay Paul

5 U.Va. board members resign at Spanberger’s request

The New York Times reported Friday evening that three University of Virginia board members have resi[...]

An offshore wind turbine. A boat sits in the background.

Federal court grants Dominion injunction, allowing offshore wind construction to proceed

Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resum[...]

Depositphotos

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and mo[...]

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

People

Christen Smith has been named chief revenue officer of LMI. Photo courtesy LMI

LMI names new leaders following CEO change

20/1/2026

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

15/1/2026

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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