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Economic Development

Corrie Teague Bobe. Photo courtesy City of Danville
Mar 25, 2026

Bobe to leave Danville economic development for regional foundation

Corrie Teague Bobe is stepping down as Danville's director of economic development and tourism to join the Danville Regional Foundation as director of economic development and regional collaboration.

Post GreenCity, Henrico tries again
Mar 20, 2026

S.B. Cox wins demolition contract for former Best Products HQ

Richmond-based demolition company S.B. Cox will tear down the former Best Products headquarters in western Henrico County.

Katie Cristol
Mar 13, 2026

Tysons Community Alliance CEO resigns

Tysons Community Alliance CEO Katie Cristol is resigning from the organization and expected Friday to be her last day.

AstraZeneca CEO Pascal Soriot and then-Gov. Glenn Youngkin announced the company’s planned $4.5 billion plants in October 2025. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin
Mar 2, 2026

Preparation, pandemic helped Virginia land Big Pharma deals

Virginia attracted $12 billion in pharmaceutical manufacturing investments in 2025, leveraging site readiness, workforce training, and strong infrastructure.

Multibillion-dollar data center campuses were announced in Louisa, Caroline and Stafford counties in 2025. Photo by Adobe Stock
Mar 1, 2026

Giant economic development deals took spotlight in 2025

Virginia's 2025 saw major data center and pharmaceutical investments driving growth despite federal workforce declines and budget challenges.

Three data center projects totaling 7 million-plus square feet are under construction now in Stafford County. Photo by HAIYAN/Adobe Stock
Mar 1, 2026

NoVa data center development moves down I-95

Stafford County is experiencing rapid data center growth with three major projects underway and 18 in the pipeline, driven by developers like Vantage Data Centers.

VFP’s Scott Jones says the company will have six buildings on its Duffield campus after its latest expansion. Photo by Earl Neikirk
Mar 1, 2026

VFP moves forward on $30M expansion in Scott County

VFP is investing $35 million to expand its Scott County facility, adding new buildings and jobs to support growing data center and utility infrastructure needs.

Wrap Technologies held a ribbon cutting in September 2025 for its $4 million manufacturing headquarters in Norton. Official photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin
Mar 1, 2026

Manufacturing-heavy Southwest Virginia captures new industries 

Southwest Virginia sees major investments in manufacturing, indoor agriculture, and energy projects, boosting jobs and regional economic development in 2025.

Hitachi Energy is investing $457 million to expand its power transformer production facility in South Boston. Photo courtesy Hitachi Energy
Mar 1, 2026

Hitachi Energy powers up $457M expansion in South Boston

Hitachi Energy will invest $457 million to expand power transformer production in South Boston, creating 825 jobs and building the nation’s largest large transformer plant.

Sherri and John Hill, of Elliot City, Maryland, documented their visit to the Mount Crawford Buc-ee’s for its June 30, 2025, grand opening. Photo by Norm Shafer
Mar 1, 2026

Preparation pays off in Shenandoah Valley

The Shenandoah Valley's economy grew in 2025 with a $3 billion Merck expansion, new food production facilities, and strong manufacturing investments.

Eli Lilly announced its planned $5 billion Goochland County facility in September 2025. Official photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin
Mar 1, 2026

Eli Lilly’s Goochland $5B plant to benefit region and beyond

Eli Lilly is investing $5 billion in a Goochland pharmaceutical plant to create 650 jobs and produce advanced therapies, strengthening Virginia’s pharma sector.

In December 2025, Gov. Glenn Youngkin and LS Cable & System CEO Bon-kyu Koo announced LS Cable’s plans for a second major manufacturing campus in Chesapeake. Photo courtesy Hampton Roads Alliance
Mar 1, 2026

LS Cable’s $689M Chesapeake campus doubles investment

LS Cable will invest $689 million in a new manufacturing campus in Chesapeake, creating 430 jobs and doubling its total investment in the region by 2027.

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