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Dominion’s offshore wind price tag rises to $11.5B
Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project off Virginia Beach's coast increased from $11.2 billion to $11.5 billion.
As Costco rumors swirl, Botetourt OKs agreement
Costco rumors grow after Botetourt County approved an agreement for a national destination retailer near Interstate 81 in Daleville.
Virginians bet $7.68B on sports in 2025, up 10.9%
Sports betting revenue for 2025 was $787 million, up 27.4% from the year before.
Virginia not in recession, experts say, but significant challenges remain
An economic report from Old Dominion University’s Dragas Center for Economic Analysis and Policy does not forecast a recession for 2026, but that doesn’t mean it’s all sunshine and rainbows for Virginia’s economy.
Leidos to acquire utilities design firm for $2.4B
Reston-based Fortune 500 government contractor Leidos has entered an agreement to buy utilities infrastructure design firm Entrust Solutions Group for approximately $2.4 billion in cash, it announced Monday.
Leidos to lay off 93 workers at Ashburn security operation
Leidos plans to lay off 93 workers at its Ashburn site as U.S. Customs and Border Protection prepares a $100M contract recompete.
Virginia Democrats target military college’s funding after anti-DEI push
Virginia Democrats propose a task force to assess whether Virginia Military Institute should continue receiving state funds.
Spanberger appoints 27 university board members, including Northam
Gov. Abigail Spanberger wasted no time in naming 27 new members to the boards of George Mason University, Virginia Military Institute and the University of Virginia on her first day as governor.
‘This is war’: In texts, U.Va. board members plotted with Youngkin, decried DEI
As Republican leaders moved to root out what they have criticized as liberal ideology at the University of Virginia, some conservative appointees to its board texted privately about ending “chemical and surgical mutilation” for transgender youth at its hospitals and undoing “regimes of racial classification” in its class[...]
Yokohama Tire plans 392 layoffs in Virginia
Yokohama Tire will lay off 392 workers and reduce production at its Salem plant, with a full closure possible in September.
Amentum subsidiary secures potential $656M Navy contract
Amentum Mitie Pacific has been awarded a potential $656.36 million contract to provide support services at Navy Support Facility.
Richmond Fed leader sees less economic uncertainty in 2026
Gas prices are down, and tax refunds next month will provide some economic stimulus, Richmond Fed President Tom Barkin said Thursday.
