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economic development

Buc-ee’s could open first Va. store in New Kent
Dec 29, 2025

Buc-ee’s pushes New Kent location’s opening

Buc-ee’s has pushed the expected opening of its New Kent County travel center from 2027 to December 2031.

Gov. Glenn Youngkin announced LS Cable & System's plans for additional facilities in Chesapeake at the Patrick Henry Building in Richmond on Dec. 12, 2025. Photo by Katherine Schulte/Virginia Business.
Dec 12, 2025

LS Cable to add $689M factory in Chesapeake, creating 430 jobs

LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilities and bringing its expected job creation to 760.

Newport News aims for summer music festival
Dec 11, 2025

Newport News music festival set for Memorial Day weekend 2026

Newport News City Council approved a $3 million grant to support the launch of a major music festival coming Memorial Day Weekend 2026.

Depositphotos
Dec 10, 2025

Avio USA picks Virginia for $500M solid rocket motor factory

Avio USA plans a Virginia solid rocket motor facility, committing up to $500 million to expand U.S. aerospace and defense production.

Joseph P. Casey, Photo courtesy Chesterfield County
Dec 10, 2025

Chesterfield County administrator to retire in 2026

Chesterfield County Administrator Joseph P. Casey will retire July 1, 2026, after a decade leading major economic growth projects.

Photo courtesy Cornerstone Building Brands
Dec 5, 2025

Manufacturer to invest $4.9M in Franklin County expansion

Cornerstone Building Brands will invest $4.9M to expand its Franklin County manufacturing campus, adding 50 jobs and boosting capacity.

2022 Virginia 500: Moving up
Nov 30, 2025

2025: The year of living disruptively

Looking back on 2025, the best symbol of the past year’s upheaval might be the White House, if not its most famous occupant. Since moving back into 1600 Pennsylvania Ave. in January, our real estate mogul president has launched into a series of home renovations worthy of its own HGTV series. The most prominent changes […]

Michael Steele, Activation Capital
Nov 30, 2025

100 People to Meet in 2026: Rainmakers

These are the professionals who attract and grow businesses and industries, making the commonwealth wealthier.

Server room interior in datacenter. Depositphotos
Nov 25, 2025

JLARC: Data centers received $2.7B in state tax cuts

A JLARC report shows Virginia data centers received $2.7B in tax exemptions from FY 2015–24, accounting for more than half of state incentive spending.

Depositphotos
Nov 25, 2025

Amazon to invest $50B to expand federal AI, computing capacity

Amazon plans to invest up to $50 billion to expand artificial intelligence and supercomputing capacity for its U.S. government cloud customers.

Rendering of the initial design for a downtown Richmond bus transfer hub and mixed-use development. Rendering courtesy City of Richmond
Nov 21, 2025

Richmond seeks developers for bus station, mixed-use project

Richmond has issued a request seeking developers for a downtown mixed-use project to include a bus transfer hub, housing and retail.

Server room interior in datacenter. Depositphotos
Nov 20, 2025

Data center developer to build $3B campus in Caroline

CleanArc Data Centers is building a $3 billion data center campus in Caroline County, Gov. Glenn Youngkin announced Thursday.

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