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Oct 11, 2024

Currie Medical to expand in Norfolk

Currie Medical, a medical device manufacturer, plans to invest $1.22 million to expand its operations in Norfolk, creating an estimated 60 jobs, the governor’s office announced Friday. Based in Franklin, Tennessee, Currie Medical will lease a 30,000-square-foot building at 3701 E. Virginia Beach Blvd. in Norfolk, where it will house its medical device reprocessing operation […]

Oct 11, 2024

Yagen makes $100M donation to Military Aviation Museum

Gerald “Jerry” Yagen, founder of the Aviation Institute of Maintenance and Centura College, has made a $100 million gift to Virginia Beach’s Military Aviation Museum, including his private collection of 70 vintage military aircraft, the museum announced last week. In the 1990s, Yagen began collecting aircraft f[...]

International Longshoremen's Association workers picket at the Port of Virginia's terminals on Oct. 1, 2024. Photo by Mark Rhodes
Oct 3, 2024

Ports strike is suspended as tentative agreement reached

On day three of a massive dockworkers’ strike that was resulting in runs at supermarkets on consumer goods like toilet paper, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) announced a tentative agreement had been reached and work would resume in ports from Maine to Texa[...]

International Longshoremen’s Association (ILA) President Harold J. Daggett joined dockworkers on strike outside the gates at Maher Terminal in Port Elizabeth, New Jersey, on Oct. 2. Photo courtesy International Longshoremen’s Association
Oct 2, 2024

As dockworkers strike continues, experts weigh potential supply chain impacts

The situation remains at a stalemate following the first day of a historic strike by the International Longshoremen’s Association (ILA) at ports from Maine to Texas. Thousands of ILA members joined the picket line as a midnight deadline passed Monday evening — with no deal reached between ILA and the United States Maritime A[...]

A man in a suit stands in front of a ship.
Jul 23, 2024

Virginia saw 15,000 jobs created in June

Virginia reported 15,000 jobs created in June, Gov. Glenn Youngkin announced Friday. Overall, the commonwealth has seen 258,000 jobs created since January 2022, according to the news release from the governor’s office. “The jobs report is yet another good sign about the resiliency of the Virginia economy,” Bob McNab, an ec[...]

Jul 3, 2024

Hitachi Energy plans $26M expansion in Halifax County

Hitachi Energy plans to invest $26 million into expanding its South Boston facility, that manufactures transformers, a move expected to create about 100 jobs, according to a news release the company shared with a few stakeholders in the Southern Virginia region in June.  In April, Hitachi announced plans to invest over $1.5 bil[...]

May 22, 2024

Global apparel company VF to leave Martinsville in 2025

VF Corp., a Denver-based global apparel and footwear company with brands including Vans, The North Face, Timberland and Dickies, plans to close its distribution center in Martinsville in March 2025, the company confirmed Wednesday. “As part of VF’s Reinvent strategy, we have evaluated how we are shipping products to best mee[...]

July 2023 Virginia Business cover
May 5, 2024

Virginia Business wins 16 Va. Press Association awards

Virginia Business won 16 awards in the Virginia Press Association’s 2023 News & Advertising Contest, the state organization announced Saturday. The annual contest recognizes excellence in design, writing, photography, illustrations and advertising in participating publications across Virginia for the previous calendar year[...]

The House clerk read out bills on the uncontested calendar at the General Assembly on Feb. 21, 2024. Photo by Vali Jamal, Capital News Service.
Mar 21, 2024

‘Bipartisanship’ fizzled in General Assembly this session

RICHMOND, Va. — Democrats and Republicans emphasized bipartisanship and working across the aisle after the election, in press conferences and throughout the legislative session, but the sentiment seemed to fizzle by the end. Lawmakers wrapped up the busy 60-day session on March 9 after they passed a biennial budget and ove[...]

Mar 18, 2024

Va. real estate industry weighs in on $418M Realtors settlement

UPDATED MARCH 21, 2 P.M. A landmark, $418 million proposed court settlement from the National Association of Realtors over allegations of a conspiracy to boost agent commissions could have seismic implications for the residential real estate industry, with some national experts going so far as to call it one of the biggest chang[...]

Photo by Randy Duchaine / Alamy Stock Photo
Feb 13, 2024

CoStar Group moving global HQ to Arlington

UPDATED: Feb. 16, 10 a.m. CoStar Group, which already has a major presence in Richmond, will invest $20 million to move its global corporate headquarters from Washington, D.C., to Arlington County’s Rosslyn area, Virginia Gov. Glenn Youngkin announced Tuesday. Known for its online real estate marketplaces Apartments.com an[...]

A rendering of Manassas aviation manufacturer Electra's commercial eSTOL aircraft. Image courtesy Electra.
Jan 25, 2024

Electra aircraft backlog hits $8B

Manassas-based aviation startup Electra.aero has surpassed 2,000 orders for the electric short takeoff and landing (eSTOL) aircraft it’s developing, totaling an $8 billion backlog, the company announced Tuesday. Electra signed a letter of intent in December 2023 to deliver its blown-lift, fixed-wing eSTOL aircraft to Finni[...]

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