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Economic Development

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.

Then-Gov. Glenn Youngkin joined Merck & Co. at the October 2025 groundbreaking for Merck’s $3 billion facility in Elkton. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin
Mar 1, 2026

$3B Merck expansion makes big impact in Shenandoah Valley

Merck is investing $3 billion to build a small-molecule manufacturing facility in Elkton, Virginia, creating 500 permanent jobs and boosting local economy.

Southern Virginia’s ready to capitalize on manufacturing
Mar 1, 2026

Southern Virginia’s ready to capitalize on manufacturing

Southern Virginia is attracting major manufacturing investments in 2025, including expansions by Hitachi Energy and new facilities by WB Alloys and Nathan Trotter.

CEL Critical Power’s new facility, which opened in summer 2025, was part of a $5.225 million investment. Photo courtesy CEL Critical Power
Mar 1, 2026

Hampton Roads leverages regional economic assets

Hampton Roads drives growth with $1.5 billion in investments across defense, energy, aerospace, and logistics sectors in 2025, boosting jobs and infrastructure.

L to R: Roanoke Regional Partnership head John Hull and Botetourt County Administrator Gary Larrowe at the planned Google data center campus site Photo by Natalee Waters
Mar 1, 2026

Google data center campus spawns excitement, concern

Google will invest $3 billion to build a data center campus in Botetourt County, Virginia, creating 150 jobs and prompting water infrastructure studies.

L to R: Henrico County Manager John Vithoulkas, ABB’s Franklin Sullivan and former Henrico EDA head Anthony Romanello celebrate ABB’s expansion. Official photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin
Mar 1, 2026

Data centers, manufacturing drive growth in Central Virginia

Central Virginia's 2025 growth driven by major data center projects and manufacturing investments, including Google, AstraZeneca, and Eli Lilly expansions.

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Mar 1, 2026

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