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Getting off the ground
When Sid Pailla applied to join Richmond-based accelerator Lighthouse Labs in 2020, he had an idea, a product and early customers but, he acknowledges, “at the end of the day, we didn’t exactly have a business.” Sunny Day Fund, Pailla’s Falls Church startup, offers an emergency savings platform to which employers contrib[...]
New options, new audiences
As more students and their families question which colleges present the best return on their big investments, many are choosing to play it safe. That often means starting at community college or public universities while living at home, with others postponing post-secondary education or considering other options. The impact of c[...]
Tourism: Game on
According to the state government, visitor spending across Virginia surpassed $30 billion in 2022, exceeding 2019 expenditures by 4.4%. Nevertheless, business travel still hasn’t returned to pre-pandemic levels, particularly in Northern Virginia. But leisure travel is back and booming. Hotel revenues were up 13% statewide in 2[...]
Chambers of commerce
STATEWIDE Asian American Chamber of Commerce Tysons | (571) 633-9754 asian-americanchamber.org Virginia Asian Chamber of Commerce Ashland | (804) 502-8081 aabac.org Virginia Black Chamber of Commerce Fredericksburg | (540) 216-0021 vablackchamberofcommerce.org Virginia Chamber of Commerce Richmond | (804) 644-1607 vachamber.com Virginia Hispanic Chamber North Chesterfield | (804) 378-4099 vahcc.com CENTRAL VIRGINIA Amelia County Chamber[...]
Southwest Va. Big Deal: Land ho!
The largest business deal announced during the past year in Southwest Virginia is an agreement between Dallas-based Fortune 100 natural gas and propane pipeline transport company Energy Transfer, Virginia’s nonprofit Energy DELTA Lab and Wise County to develop energy infrastructure in the region. Under the agreement, the partn[...]
Roanoke/New River Year-in-Review: Meeting the demand
The Roanoke and New River Valley regions each had their most successful economic development year in recent history, according to John Hull, executive director of the Roanoke Regional Partnership. That’s thanks to $387 million worth of economic investments announced in 2023, potentially creating thousands of jobs. Roanoke Coun[...]
Out and About – March 2024
On Feb. 1, Virginia Business held a luncheon at the Boar’s Head Resort in Charlottesville for the magazine’s 14th annual Best Places to Work Awards, compiled in collaboration with Best Companies Group. The event honored winning companies across small, midsize and large business categories. Photos by Matthew R.O. Brown. 1. L to R: Sally Raderer, […]
Health Care: A new horizon
Virginians could look back at 2024 a few years from now and see a turning point for health care in the commonwealth — the dawn of a “Virginia Research Triangle” in biotechnology, pharmaceutical manufacturing and medical research. In December 2023, the University of Virginia broke ground on the $350 million Paul and Diane M[...]
Shenandoah Valley Year-in-Review: Green valley
Just a couple years later, an $821,000 site development grant awarded to the Shenandoah Valley Partnership by the state’s GO Virginia economic development initiative has already been paying off, says Jay Langston, the partnership’s executive director. The grant, which paid for work including site evaluation and related envir[...]
Central Virginia Year-in-Review: Pumping the brakes
During the pandemic, companies began pumping the brakes on expansions out of fear of the unknown. But, using that same car-related analogy, by late 2021, they were flooring it, explains Greater Richmond Partnership President and CEO Jennifer Wakefield. And by 2022, they had kicked it into sport mode. “Now it’s shifted back i[...]
