Please ensure Javascript is enabled for purposes of website accessibility

Economic Development

Pharrell Williams announced on Nov. 2, 2022, that his Something in the Water music festival will return to Virginia Beach in 2023. L to R: Williams; Virginia Beach Economic Development Director Taylor Adams; City Manager Patrick Duhaney; Councilman Aaron Rouse; and Mayor Bobby M. Dyer. Photo by Mark Rhodes
Nov 2, 2022

Something in the Water will return to Va. Beach in 2023

Music superstar and Virginia Beach native Pharrell Williams announced Wednesday that his signature three-day music festival, Something in the Water, will again be held in Virginia Beach on April 28-30, 2023, after the festival moved to Washington, D.C., this summer. The inaugural Something in the Water festival was held on the V[...]

CoStar Group Inc. founder and CEO Andrew Florance, Gov. Glenn Youngkin and other stakeholders ceremonially break ground on the site of CoStar's expansion
Nov 1, 2022

CoStar Group breaks ground on $460M Richmond expansion

Washington, D.C.-based CoStar Group Inc., a commercial real estate data and analytics provider, broke ground on its $460 million downtown Richmond expansion Tuesday. Announced in December 2021, the campus will include a LEED platinum certified 21-story, 425-foot tower, 750,000 square feet of office and retail space and another f[...]

Nov 1, 2022

Mighty Dream Day 1 focuses on diversity, equity

Grammy winning music superstar Pharrell Williams put on his business hat Tuesday in Norfolk, welcoming attendees to his Mighty Dream forum, which he likened to an event like the World Economic Forum in Davos, Switzerland, “but for marginalized communities.” The three-day forum kicked off with spoken-word poetry and a mighty [...]

Pharrell Williams kicked off his three-day Mighty Dream Forum in Norfolk on Nov. 1. Photo by Robyn Sidersky/Virginia Business.
Nov 1, 2022

Pharrell urges Norfolk to speed up Military Circle development

During a news conference before his three-day Mighty Dream forum kicked off Tuesday, music superstar Pharrell Williams said he is waiting for Norfolk to officially approve his development team’s Wellness Circle project at Military Circle Mall, noting, “I’ve been told many times that we won it. … You have to a[...]

Oct 31, 2022

Roanoke County day care begins $2.5M expansion

Children’s Nest Learning Center – Hollins broke ground Friday on its $2.5 million Roanoke County campus expansion, estimated to create 15 jobs. Children’s Nest’s current facility at 504 Dexter Road in the Hollins area has 105 child care slots. The company will develop an adjacent parcel to build a 7,000-square-foot facility, adding more than 150 […]

Oct 28, 2022

Virginia Society of CPAs’ 2023 Economic Expectations Survey Results

Read VSCPA member interviews and more about the survey.

The Richmond region gained more than $2 billion in economic development investment in the past year, officials say. Photo by Matthew R.O. Brown
Oct 28, 2022

Exceeding expectations

In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s  president and CEO, as t[...]

Oct 28, 2022

Everything is not awesome

When Lego Group representatives toured Chesterfield County’s Meadowville Technology Park on a winter day early this year, they didn’t speak. As with most industrial site visits, the county economic development authority staffers conducting the tour didn’t yet know which company they were working with, although they’d ans[...]

Oct 28, 2022

Virginia Society of CPAs’ 2023 Interviews

SOUTHWEST VIRGINIA Tara E. Adams, CPA Partner | Adams & Delp PC | Wytheville What are the benefits of living and working in Southwest Virginia? I love the mountain scenery, access to so many outdoor activities and most of all the sense of community you get in the smaller cities and towns.  How is the […]

MPS distribution center in Orange County. Photo courtesy Orange County Economic Development
Oct 26, 2022

NY publishing company to expand in Orange County

MPS, a division of New York-based Macmillan Publishers, will invest more than $26 million to expand its distribution operation in Orange County, creating an estimated 10 jobs, the county announced Wednesday. The investment will occur over the next three years. MPS is expanding its current 400,000-square-foot facility by 200,000 [...]

Oct 20, 2022

Pharrell’s Mighty Dream forum coming to Norfolk Nov. 1-3

Executives from Google, H&M, Universal Music Group, Yelp and McDonald’s will join Grammy winner Pharrell Williams Nov. 1-3 in Norfolk for his Mighty Dream forum, a sequel to last fall’s Elephant in the Room event. Along with panel discussions and networking events focused on making work and business opportunities[...]

Oct 20, 2022

Youngkin tours Amazon’s new robotics fulfillment center in Suffolk

Amazon.com Inc.’s 3.8-million-square-foot robotics fulfillment center in Suffolk opened in September, but the global retail colossus held an official grand opening at the facility Thursday, allowing Amazon officials to show off the center to Gov. Glenn Youngkin, who attended the opening event and took a tour. The $230 million,[...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.