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Rocket Lab expands Virginia’s role in commercial space launch, exploration
Virginia opens Rocket Lab’s Neutron launch pad at Wallops Island, boosting aerospace growth and space exploration efforts.
Federal funding repeals could halt rural broadband expansion
The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after all. Virginia lawmakers and broadband advocates are facing a wave of uncertainty in the wake of a repeal of federal funding meant to close the digital divide in underserved communities, including many of the rural counties in Southwest Virginia. The Trump […]
Virginia eyes nuclear to power booming data centers
Data centers devouring nearly a quarter of Virginia’s electricity, leaders push nuclear power, from SMRs to fusion, to meet rising demand.
Youngkin sets veto record as energy, AI fuel gridlock
Few observers of the Virginia General Assembly expected any groundbreaking legislation to emerge from this election year session, and for the most part, they were right. And Gov. Glenn Youngkin certainly did his part to keep that from happening as well. In the last full year of his term, the Republican firmly cemented his record […]
Virginia launches accelerator for $250M+ economic development projects
Virginia’s Made in Virginia Accelerator program announced May 8 accelerates large-scale projects with a $250M+ capital investment and 500+ jobs, offering expedited permitting and coordination among state agencies.
New $230M chocolate factory coming to Frederick County
Frederick County may not have won the golden ticket to Willy Wonka’s chocolate factory, but it may have snagged something even better — a chocolate facility of its own. Gov. Glenn Youngkin announced Friday that Wisconsin chocolate manufacturer Clasen Quality Chocolate will invest $230 million to build a new production facility in Frederick County and […]
Pharma company to invest $54.2M in Richmond R&D facility
Pharmaceutical company Haleon will invest $54.2 million to upgrade its research and development facility in Richmond and launch an internship program in partnership with state government and Virginia Commonwealth University, Gov. Glenn Youngkin announced Monday. The physical upgrades at the facility, located at 1211 Sherwood Ave., will allow United Kingdom-based Haleon to accommodate new technolog[...]
What to expect from the 2025 Va. General Assembly
The General Assembly enters the fourth year in the gubernatorial cycle with even more gridlock than usual. Democrats hold narrow majorities in both the House of Delegates and Senate, but are vulnerable to vetoes by Republican Gov. Glenn Youngkin, who begins the final year of his constitutionally mandated single term. Hopes for bipartisan compromise were […]
Youngkin announces plan to grow workforce housing
At the Governor‘s Housing Conference in Virginia Beach Thursday, Gov. Glenn Youngkin unveiled the Workforce Housing Investment Program, an initiative at Virginia Housing that will invest $75 million over five years to spur the creation of workforce-priced housing. The funding holds the potential, according to a news release from the Governor’s Office, to “catalyze $750 […]
Micron expects to expand Manassas facility soon
Bolstered by hundreds of millions of dollars in state and federal funding, semiconductor manufacturing in Northern Virginia soon will be expanding. In May, Idaho-based Micron Technology applied for federal funding through the 2022 CHIPS and Science Act, which allocated more than $52 billion in subsidies for domestic companies researching and manufacturing semiconductors, to expand its […]
Top Five August 2024
The five most popular daily news stories on VirginiaBusiness.com from June 12 to July 12 included news of Republican Gov. Glenn Youngkin‘s appointees now holding a majority on the governing boards of Virginia’s state colleges and universities. 1 | Youngkin peppers university boards with GOP power players New members included some conservative movers […]
Va. lands back on top in CNBC survey
After downplaying his Democratic predecessor’s consecutive wins in CNBC’s America’s Top States for Business study, Gov. Glenn Youngkin found himself as Virginia’s top cheerleader on CNBC July 11, playing the commonwealth regained its crown as No. 1. With this year’s win, the state has been named the nation’s top state for business a record six […]
