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Port of Virginia sees 8.7% drop in cargo traffic
The Port of Virginia has seen a decline in shipping container volumes in recent months, amid President Trump's trade war.
ODU hires new VP for national security initiatives
Old Dominion University announced last week that it has named Marty Irvine Jr. as its inaugural associate vice president for National Security Initiatives/
Norfolk Airport cancels development contract for 165-room hotel
The Norfolk Airport Authority recently canceled a contract to develop a 165-room hotel due to an alleged contract violation.
Dollar Tree promotes exec to chief merchandising officer
Dollar Tree announced Tuesday that Brent Beebe will be promoted to chief merchandising officer effective April 2026.
Retired Coast Guard captain is new Christopher Newport biz school dean
Anna W. Hickey, a retired U.S. Coast Guard captain, will become dean of CNU’s Joseph W. Luter III School of Business.
TowneBank completes $203M acquisition of Old Point
TowneBank has closed its $203 million acquisition of Hampton-based Old Point National Bank of Phoebus and its parent company.
Trump administration withdraws $39.27M for Norfolk offshore wind project
The Trump administration withdrew $39.27 million in federal funding that had been awarded for an offshore wind logistics port in Norfolk.
Former Smithfield Foods CEO and chairman dies at 86
Former Smithfield Foods Chairman and CEO Joseph Williamson Luter III passed away last week at the age of 86.
Economic Development 2025: SMITH, DOUG
Since 2019, Smith has led the Hampton Roads Alliance, a regional economic development organization representing 15 municipalities and numerous private sector investors. Before that, he served as city manager for Norfolk and as deputy city manager in both Virginia Beach and Portsmouth and is also a past president and CEO of Kaufman & Canoles Consulting. […]
Peninsula businesses to get capital boost
Small and midsize businesses in distressed and underserved areas of Hampton and Newport News will be able to access economic support through a new $50 million low-interest business loan program. Launched in June by the nonprofit Greater Peninsula C.A.R.E.S. Foundation, the Peninsula Cooperative Fund is designed to close funding gaps and boost minority-owned businesses. PCF […]
HII promotes exec to new maritime systems post
HII announced Thursday that it has promoted Eric Chewning to executive vice president of maritime systems and corporate strategy.
US government halts nearly complete offshore wind farm. Is Virginia’s next?
The Trump administration last week halted construction on a nearly complete wind farm off the coast of Rhode Island and Connecticut.
