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economic development

The Lego Group has already hired more than 500 workers in the Richmond region as it builds its $1 billion Chesterfield County factory. Photo courtesy The Lego Group
Mar 19, 2026

Lego to double Chesterfield workforce to 900 by end of year

The Lego Group expects its workforce at the $1 billion Chesterfield facility under construction to grow to about 900 by the end of the year.

Bon Secours St. Francis Medical Center. Photo by Virginia Business/Kira Jenkins.
Mar 18, 2026

State approves three Chesterfield hospital projects, totaling $672M

Virginia State Health Commissioner Cameron Webb last week signed off on three Chesterfield County hospital projects totaling $672 million.

Katie Cristol
Mar 13, 2026

Tysons Community Alliance CEO resigns

Tysons Community Alliance CEO Katie Cristol is resigning from the organization and expected Friday to be her last day.

Lakeridge Logistics Center in Hanover County. Photo courtesy the Greater Richmond Partnership
Mar 11, 2026

Electrical contractor plans $14M investment for Hanover facility

Rosendin plans a $14 million investment at the Lakeridge Logistics Center in Hanover County, creating 250 jobs.

Marty Lovelace stops by the Pyrotechnique by Grucci table during a job fair at the Salem Civic Center. Photo by Natalee Waters.
Mar 10, 2026

As Yokohama prepares to close Salem plant, workers consider what’s next

Yokohama’s Salem tire plant is set to close, leaving more than 500 workers searching for jobs. Many showed up at at a job fair Thursday.

Berry-Hill
Mar 9, 2026

Berry Hill Megasite sale could bring $73B project

A $73 billion data center project could come to the Berry Hill megasite after officials approved a land sale deal with Stack Infrastructure.

A Neptune statue overlooks a walkway in the center of the photo. A hotel is visible on the right side.
Mar 5, 2026

Virginia Beach to get $355M VA clinic, creating 600 jobs

A $355 million U.S. Department of Veterans Affairs outpatient clinic will be built in the Virginia Beach, and create about 600 jobs.

Aerofarms-New-Leadership-Header-July-2024-e1754608482380 (1)
Mar 4, 2026

AeroFarms works toward sale of Pittsylvania location; closure delayed

AeroFarms works through a sale process as its Danville vertical farm faces possible closure and 145 job losses.

AstraZeneca CEO Pascal Soriot and then-Gov. Glenn Youngkin announced the company’s planned $4.5 billion plants in October 2025. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin
Mar 2, 2026

Preparation, pandemic helped Virginia land Big Pharma deals

Virginia attracted $12 billion in pharmaceutical manufacturing investments in 2025, leveraging site readiness, workforce training, and strong infrastructure.

Multibillion-dollar data center campuses were announced in Louisa, Caroline and Stafford counties in 2025. Photo by Adobe Stock
Mar 1, 2026

Giant economic development deals took spotlight in 2025

Virginia's 2025 saw major data center and pharmaceutical investments driving growth despite federal workforce declines and budget challenges.

Three data center projects totaling 7 million-plus square feet are under construction now in Stafford County. Photo by HAIYAN/Adobe Stock
Mar 1, 2026

NoVa data center development moves down I-95

Stafford County is experiencing rapid data center growth with three major projects underway and 18 in the pipeline, driven by developers like Vantage Data Centers.

VFP’s Scott Jones says the company will have six buildings on its Duffield campus after its latest expansion. Photo by Earl Neikirk
Mar 1, 2026

VFP moves forward on $30M expansion in Scott County

VFP is investing $35 million to expand its Scott County facility, adding new buildings and jobs to support growing data center and utility infrastructure needs.

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