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Globalinx grows bandwidth at subsea cable station
Virginia’s “digital port” is significantly growing its capacity at Globalinx’s subsea internet cable landing station at Corporate Landing Business Park. A Virginia Beach-based carrier-neutral cable-landing station and data center operator, Globalinx finished construction on four new cable bores at its Sandbridge [...]
Manassas aviation startup lands $115 million round
Demand has taken off for Manassas-based aviation startup Electra.aero’s electric short takeoff and landing aircraft, the EL9 Ultra Short, with more than 2,200 preorders totaling more than $10 billion. Now, with $115 million raised in a Series B funding round that closed in April, the company plans to move from prototype to[...]
Top five for June 2025
The top five most-read daily news stories on VirginiaBusiness.com from May 12 through June 12 included news of layoffs stemming from the Trump administration’s efforts to cut spending on federal contracts. 1 | Newport News Shipbuilding to furlough 471 workers Company spokesperson said furloughs were not expected to last mo[...]
For the record July 2025
Central Virginia The Allianz Amphitheater at Riverfront kicked off its inaugural show June 7 with some blasts from MTV days past. Rick Springfield cruised into the new Richmond venue as headliner on the “I Want My ‘80s Tour” with opening acts John Cafferty, Wang Chung, and John Waite. A partnership between Charlottesville-[...]
Out and About
1. In late May, the Roanoke Sheriff’s Office hosted a job fair for inmates at its detention center. (Photo courtesy Roanoke Sheriff’s Office) 2. Customers spoke with Liebherr product experts and viewed the company’s heavy machinery June 4 during the Liebherr Equipment Source 2025 Open House in Newport News. (Photo courtesy Liebherr USA) 3. Bowman […]
Heard Around Virginia, July 2025
Richmond accelerator Lighthouse Labs announced in May it’s expanding its services and rebranding itself as Lighthouse Network. Since its founding in 2012, Lighthouse has supported 149 companies, raised over $350 million in capital, helped founders raise an average of $1.8 million each and created over 1,500 jobs. The accel[...]
Out & About July 2025
1. Nirali Raval Trovato, senior vice president at Towne Wealth Management in Virginia Beach, and her husband, Tony, celebrated her win during Virginia Business’ Forty Under 40 Awards May 12 at the Westin Richmond. (Photo by Matthew R.O. Brown) 2. (L to R) Sentara Health executives Becky Sawyer and Melinda Hancock accepted [...]
Virginia 500 July 2025 Spotlight: Michael J. Lutes
PLAN FOR 10 YEARS FROM NOW: God willing, I hope to be retired and traveling the world. I’m a lifelong learner with a deep love for history and culture. I enjoy learning about different traditions and experiencing all that the world has to offer. MOST INTERESTING PLACE I’VE TRAVELED: The Vatican. It’s truly a tr[...]
