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economic development

Map of Patriot Centre I and II. Photo courtesy Henry County
May 29, 2026

Appalachian Power buys Henry County’s Patriot Centre II

Appalachian Power purchased 1,202 acres at Henry County’s Patriot Centre II for future development options.

Hyper Solutions staff in October 2025 celebrate the company's three-year anniversary at the company's corporate headquarters in Henrico. Photo courtesy Hyper Solutions
May 29, 2026

Hyper Solutions expanding Henrico operations, creating 56 jobs

Hyper Solutions, a digital infrastructure company, will invest $2 million to expand its Henrico operations and create 56 jobs.

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May 21, 2026

Arlington County taps new economic development director

Arlington County has named Anna Nissinen of the Fairfax County Economic Development Authority as its new chief economic development officer.

Phazhon Nash, a member of Roanoke City Council, visits the Berglund Center. Photo by Natalee Waters
May 19, 2026

Roanoke explores Berglund Center redevelopment

Focus group participants explore ideas, including an entertainment district centered around a casino, for Roanoke's Berglund Center.

Pittsylvania site is top contender for lithium-ion battery plant
May 18, 2026

$100B data center project proposed at Berry Hill megasite advances

Denver-based Stack Infrastructure advances a proposed $100B Berry Hill digital campus with 2,500 jobs planned at megasite at Berry Hill.

Innovative Refrigeration Systems' Augusta County campus. Photo courtesy Innovative Refrigeration Systems
May 15, 2026

Innovative Refrigeration Systems plans expansion in Augusta, adding 214 jobs

Innovative Refrigeration Systems plans to invest $19 million in Augusta County expansion and create 214 jobs.

Roanoke and state leaders celebrated the opening of RoVa Labs Wednesday. Photo courtesy Carilion Clinic
May 7, 2026

Roanoke opens $26M biotech incubator

RoVa Labs, a $26 million biotech incubator in Roanoke, offers wet lab space and aims to create 250 jobs, strengthening the region's life sciences sector.

A rendering of the Microporous facility planned for the Southern Virginia Megasite at Berry Hill. Photo courtesy Microporous
May 1, 2026

Microporous to start construction in May on $1.35B Pittsylvania project

Microporous will begin construction in May on its $1.35B battery separator plant in Pittsylvania County after securing project financing.

A hydrogen power plant could be located at the Lonesome Pine Regional Business & Technology Park in Wise County. Photo courtesy Wise County Industrial Development Authority
Apr 29, 2026

Data center developers seek on-site energy in Wise

Wise County data center developers plan a $1 billion campus powered by hydrogen or natural gas, aiming to generate 600 megawatts and boost local tax revenue.

AstraZeneca CEO Pascal Soriot speaks at the pharma company’s Albemarle County groundbreaking ceremony in October 2025. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin
Apr 29, 2026

Charlottesville, Albemarle region prepare for biotech boost

AstraZeneca’s $4.5 billion investment in Albemarle County is set to create 600 jobs and strengthen Charlottesville’s biotech industry cluster.

The Virginia Inland Port in Front Royal now has a RailGreen line to the Port of Virginia’s Hampton Roads terminals. Photo courtesy Port of Virginia
Apr 29, 2026

Southwest Virginia continues push for inland port

Virginia plans a second inland port in Washington County with $35 million funding, aiming to boost Southwest Virginia's economy despite workforce challenges.

2026 Forty Under 40: MICHAEL EVANS
Apr 28, 2026

2026 Forty Under 40: MICHAEL EVANS

DIRECTOR OF BUSINESS INTELLIGENCE HAMPTON ROADS ALLIANCE |  NORFOLK

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