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economic development

Xcelerate Solutions' leadership team cut the ribbon on its new headquarters space on Tuesday. From left: Mike Brokaw, Mark Drever, David Kapusta, Vivek Malhotra and Doug Kollme. Photo courtesy Fairfax County Economic Development Authority.
Nov 3, 2025

Xcelerate Solutions expands in Tysons

Defense and national security contractor Xcelerate Solutions is expanding its headquarters and workforce in Tysons.

DOUG SMITH
Nov 2, 2025

DOUG SMITH

PRESIDENT AND CEO HAMPTON ROADS ALLIANCE NORFOLK

Despite federal coal support, Southwest Virginia aims to diversify
Nov 2, 2025

Despite federal coal support, Southwest Virginia aims to diversify

Southwest Virginia pursues nuclear, data centers, clean energy projects as coal declines and communities seek new economic paths.

U.Va. Wise helps founders build community, confidence
Nov 2, 2025

U.Va. Wise helps founders build community, confidence

U.Va. Wise is fueling Southwest Virginia’s startup scene through its Hatch Accelerator and CO.STARTERS programs for local founders.

Virginia 500 Spotlight: JONATHAN S. BELCHER
Nov 2, 2025

Virginia 500 Spotlight: JONATHAN S. BELCHER

TRAITS I ADMIRE: Loyalty, honesty and integrity FIRST JOB: Law clerk for the county attorney’s office in York County HOW I DEFINE SUCCESS: I define success not so much by what I have accomplished myself, but by how I have been able to help others. As an economic developer in a very economically distressed area, […]

Gov. Glenn Youngkin signed on Oct. 31, 2025, a memorandum of understanding with AstraZeneca, Eli Lilly, Merck and state entities to establish a training center. Photo by Katherine Schulte/Virginia Business
Oct 31, 2025

AstraZeneca, Eli Lilly, Merck commit $120M to Virginia pharma training

AstraZeneca, Eli Lilly and Merck committed $120 million to develop an advanced pharmaceutical manufacturing training center in Central Virginia.

Touhill leaving Arlington Economic Development
Oct 30, 2025

Touhill leaving Arlington Economic Development

Arlington Economic Development Director Ryan Touhill is leaving AED, the Arlington Chamber of Commerce confirmed Thursday.

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Oct 30, 2025

Virginia Beach maritime contractor to hire 86 workers

Virginia Beach maritime government contractor Anchor Innovation plans to add 86 jobs as part of an expansion, Gov. Glenn Youngkin announced Thursday. Founded in 2002, Anchor Innovation is a service-disabled, veteran-owned contractor providing marine maintenance and support to the U.S. Navy, including vessel repairs and upgrades. Anchor Innovation plans to invest $213,000 on the expansion, [&hellip[...]

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Oct 30, 2025

Botetourt hires new economic development director

Botetourt County announced Thursday that it has appointed Kyle Rosner as its new director of economic development.

A ham on a cutting board. Half has been sliced. Photo by DepositPhotos
Oct 28, 2025

Ham producer to build $1.2M facility in Isle of Wight County

The Isle of Wight County is bringing home the bacon in the form of a $1.2 million Darden Hams production facility.

Temporary Petersburg casino to open in January
Oct 24, 2025

Temporary Petersburg casino to open in January

A temporary casino preceding the $1.4 billion Live! Casino & Hotel Resort in Petersburg is expected to open in January 2026.

Bon Secours St. Francis Medical Center. Photo by Virginia Business/Kira Jenkins.
Oct 21, 2025

Virginia health board backs VCU Health, Bon Secours projects in Chesterfield

Virginia health staff recommend approval for VCU Health and Bon Secours projects in Chesterfield, but recommend denying HCA proposal.

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