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Federal employment, trade declined in 2025 in Virginia
Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemployment is expected to rise in 2026, according to Old Dominion University's State of the Commonwealth economic report released Tuesday.
LS Cable to add $689M factory in Chesapeake, creating 430 jobs
LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilities and bringing its expected job creation to 760.
Mars completes $36B Kellanova acquisition
McLean-based candy and pet care giant Mars announced Thursday that it has completed its $36 billion acquisition of Kellanova.
Avio USA picks Virginia for $500M solid rocket motor factory
Avio USA plans a Virginia solid rocket motor facility, committing up to $500 million to expand U.S. aerospace and defense production.
Eaton to invest $50M in Henrico expansion, adding 200 jobs
Eaton will invest over $50 million to expand its existing manufacturing footprint in Henrico County and create 200 jobs.
University board fight ends; Spanberger to fill 22 seats
The legal battle between Gov. Glenn Youngkin and state Senate Democrats over university boards of visitors ended quietly Monday, as both sides acknowledged the matter would be made moot by the upcoming Virginia General Assembly session.
EU approves $36B Mars-Kellanova buy; deal to close this week
McLean-based candy and pet care giant Mars has received the European Union's blessing to acquire Kellanova, maker of Pringles, Cheez-Its and other snacks, in a $36 billion deal.
Boeing completes $4.7B Spirit AeroSystems purchase
Boeing has finalized its $4.7B acquisition of Spirit AeroSystems, bringing 737 Max fuselage production in-house amid ongoing safety scrutiny.
ODU gets $15M gift from Brock to launch nutrition institute
Old Dominion University has received a $15 million gift to establish a nutrition and lifestyle medicine institute.
Virginia lawmakers outline new retail marijuana plans
Lawmakers who in coming months will contribute to shaping the bills that launch Virginia’s long-awaited retail marijuana market unveiled some plans Tuesday. Members of the Joint Commission to Oversee the Transition of the Commonwealth into a Cannabis Retail Market discussed at a meeting in Richmond proposed legislative ame[...]
2025 Virginia Business Person of the Year: John Asbury | Atlantic Union Bank
Atlantic Union CEO John Asbury is Virginia Business’ 2025 Business Person of the Year, recognized for leading the bank’s growth.
U.Va. continues presidential search, despite Spanberger’s call for pause
The University of Virginia's presidential search committee has continued its work in hiring a successor for former President Jim Ryan, despite recent calls from Gov.-elect Abigail Spanberger and groups of faculty and staff to pause the process.
