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economic development

Gateway Crossing site . Map courtesy Botetourt County
Jan 30, 2026

As Costco rumors swirl, Botetourt OKs agreement

Costco rumors grow after Botetourt County approved an agreement for a national destination retailer near Interstate 81 in Daleville.

Tina Leone. Photo courtesy River District Association
Jan 28, 2026

Danville’s River District Association has new leader

Tina Leone has been named executive director of Danville’s River District Association, succeeding Diana Schwartz.

Rendering of Sphere National Harbor. Photo courtesy Sphere Entertainment
Jan 23, 2026

Peterson Cos. plans smaller-scale Sphere in National Harbor

Sphere Entertainment plans a $1B, 6,000-seat version of the Las Vegas Sphere in National Harbor, Maryland, boosting tourism and jobs.

Depositphotos
Jan 15, 2026

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and more than doubling its Virginia workforce.

Prince William Chamber of Commerce President and CEO Bob Sweeney announced in January 2026 he plans to step down. Photo courtesy Prince William Chamber
Jan 12, 2026

Prince William Chamber CEO to step down

Prince William Chamber of Commerce President and CEO Bob Sweeney is stepping down after three years. 

Carrie Chenery is Virginia's incoming secretary of commerce and trade. Photo courtesy Gov.-elect Abigail Spanberger's transition team
Jan 12, 2026

Spanberger appoints Virginia commerce and trade secretary

Gov.-elect Abigail Spanberger's transition team announced Monday that Carrie H. Chenery, former executive director of the Shenandoah Valley Partnership, has been appointed secretary of commerce and trade.

On Jan. 15, 2022, Republican Glenn Youngkin was sworn in as Virginia’s 74th governor on the steps of the state Capitol. Photo courtesy governor’s office.
Dec 31, 2025

Youngkin’s term as governor marked by economic wins, political division

Gov. Glenn Youngkin leaves office after four divisive years marked by economic wins, veto power and political losses as Virginia turns to Abigail Spanberger.

On Jan. 15, 2022, Republican Glenn Youngkin was sworn in as Virginia’s 74th governor on the steps of the state Capitol. Photo courtesy governor’s office.
Dec 31, 2025

Why Virginia’s one-term limit for governors deserves a second look

As Virginia prepares to swear in its first woman governor, it’s worth reexamining whether the commonwealth’s one-term limit on governors serves the state’s long-term economic and leadership interests.

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

Buc-ee’s delays second Virginia location by four years

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.

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