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Issues

Mar 28, 2024

Radford Hub aims to connect students, biz community

For The Hub at Radford, location is everything. The new economic development support center, which opened in October 2023, is just across the street from Radford University in downtown Radford. “Our location … is symbolic to the vital role we play as an anchor institution and as a strong contributor to the well-being of the [...]

Mar 28, 2024

Virginia 500 Spotlight: TERRIE L. SUIT

FIRST JOB: Baskin-Robbins ice cream scooper HOBBY/PASSION: Cooking and gardening. A good fiction novel while sitting by the lake on a breezy sunny afternoon. MOST VALUED POSSESSION: My home TRAIT I ADMIRE: Attentiveness — being able to really pay attention to the person they are talking with in the moment and to give them thei[...]

Mar 28, 2024

StartVirginia: HEARD AROUND VIRGINIA

Arlington County awarded a total of $225,000 in grants to five local startups that are the first to receive grants — of $25,000 to $50,000 apiece — from the county’s Arlington Innovation Fund. The fund supports early-stage tech companies, particularly those owned by women, veterans and minorities, while pushing down office vacancy rates. The five companies are: Dispatchr Technologies, which develops […][...]

Mar 28, 2024

Natural selection

Natural gas as a source of energy for Virginia power plants is set to reach its final days by the middle of the century — or is it? The Virginia General Assembly set that deadline in 2020 when it passed the Virginia Clean Economy Act, which requires the state’s two major electric utilities to shift […]

Mar 28, 2024

Out & About April 2024

Mar 28, 2024

Israeli defense giant launches Herndon aerospace accelerator

Herndon will soon have something in common with Tel Aviv — an aerospace accelerator and innovation center run by Israeli state-owned aerospace and defense company Israel Aerospace Industries, which helped design Israel’s Iron Dome missile defense system. IAI and IAI North America, its Herndon-based U.S. government contractin[...]

Mar 28, 2024

Dominion to sell 50% interest in offshore wind farm

Dominion Energy announced Feb. 22 it had reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the utility’s Coastal Virginia Offshore Wind project for nearly $3 billion. The deal is expected to close by the end of 2024, if approved by the Virginia State Corporation Commission and the North [...]

Mar 28, 2024

Clarke County limits solar development

Clarke County prioritizes agriculture. That’s what drives most of its policy-making as the county navigates the complexities of renewable energy development while preserving its farmland, explains County Administrator Chris Boies. In January, the county’s Board of Supervisors approved new regulations for utility-scale solar [...]

Mar 28, 2024

Top Five April 2024

The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 were led by news that Danish toymaker Lego will delay production at its Chesterfield County facility until 2027. 1   |   Lego delays Chesterfield production start to 2027 Lego Group will begin production at its $1 billion manufacturing facility […]

Mar 1, 2024

The Power 50

Power can be measured by metrics such as wealth and how many people you lead, as well as what one does with that power. Is your company undertaking bold growth strategies? Are you the visionary executive leading huge initiatives? Are you bringing massive infrastructure projects to fruition or making seismically impactful philant[...]

Feb 28, 2024

Northern Va. Big Deal: Safari in Spotsy

A high school marching band, a giant seafood boil and an enthusiastic crowd of about 200 people helped celebrate the Oct. 20, 2023, groundbreaking for the $900 million, 1.38 million-square-foot Kalahari Resort in Spotsylvania County. The fifth African-themed resort from the privately owned, Wisconsin-based Kalahari Resorts &[...]

Feb 28, 2024

Shenandoah Valley Big Deal: Advance guard

Northrop Grumman’s $200 million investment to establish an advanced electronics manufacturing and testing facility in Waynesboro paves the way for long-term growth for the Shenandoah Valley, local officials hope. “It is a huge win for us,” says Jay Langston, executive director of the Shenandoah Valley Partnership. “If No[...]

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