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GO Virginia grant boosts biotech in Roanoke, New River Valley
A $4.9M GO Virginia grant funds biotech innovation in the Roanoke and New River valleys, aiming to create 1,315 jobs and $40.8M in impact.
June 2025 for the record
A monthly round up of the top business stories in the state of Virginia
Virginia Western Community College president named
Laura Treanor will lead Virginia Western Community College starting July 1, succeeding longtime president Robert Sandel after a nationwide search.
Expanded emergency dept. opens at Carilion Roanoke Memorial Hospital
Carilion Roanoke Memorial Hospital’s expanded emergency department, billed as one of the largest in the state, opened May 20. It's the first part of the Roanoke hospital's $500 million Crystal Spring Tower, set to open this summer.
Barkin: Affordable housing key to rural economic growth
Richmond Fed President and CEO Tom Barkin said affordable housing and workforce investment are driving population and economic growth in small towns across the Fifth District.
Roanoke’s Carilion gets state OK for kidney transplants
Carilion Clinic has the state’s blessing to move forward with a kidney transplant program, despite public opposition from competitor UVA Health and a 2024 recommendation from the staff of the Division of Certificate of Public Need (DCOPN) that the Roanoke-based health system’s application be denied. In an email Wednesday, Dr. Karen Shelton, Virginia’s health commissioner,[...]
Top Five May 2025
The top five most-read daily news stories on VirginiaBusiness.com from March 11 through April 11 included news of major layoffs from a federal contractor in Northern Virginia.
New River and Roanoke Valleys see strong economic growth
The New River and Roanoke valleys posted major GDP gains in 2023, with growth fueled by advanced manufacturing, tech innovation, and workforce expansion.
Virginia scores big with booming sports tourism industry
Henrico and other Virginia counties see major economic growth from sports tourism, with events and new venues boosting jobs, tax revenue, and visitors.
Krispy Kreme investor to acquire Roanoke’s Shenandoah Life in deal
JAB Holding Co., the Luxembourg-based holding company that owns a majority stake in Krispy Kreme doughnuts, plans to pay $3.1 billion to buy Prosperity Life Group, parent company of Roanoke-based Shenandoah Life Insurance, according to a filing made last month with the State Corporation Commission. Applications for approval of acquisition of an insurer typically take […]
Carilion Clinic wants to launch a kidney transplant program; UVA Health opposes it
In the coming weeks, Carilion Clinic will learn whether it has the go-ahead from the state to launch a kidney transplant program at Carilion Roanoke Memorial Hospital, a plan UVA Health has publicly opposed. The Roanoke-based health system’s pitch for establishing a program is that there is no kidney transplant surgery available in the southwestern […]
Roanoke jury finds ER doc wasn’t fired for whistleblowing
A jury decided Friday that a Roanoke Valley emergency room doctor was not fired for complaining that HCA Healthcare’s emphasis on short wait times at LewisGale Medical Center and its Cave Spring ER had a negative impact on patient safety. Dr. Thomas Bolton sought $20 million in his lawsuit against his former employer, Lake Spring […]
