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June 2024

Welcome to the June 2024 issue of Virginia Business. Below are the articles from that issue.

May 30, 2024

Wise County tech park is growing

Progress continues on the Wise County Industrial Development Authority’s 200-acre Elam Farm industrial site in Wise County, which will expand an existing technology park. With help from various sources, including a total of $1 million from the Virginia Coalfield Economic Development Authority, the project so far has received $[...]

May 30, 2024

Top Five June 2024

1   |   Google investing $1 billion in Virginia data center campuses Google is expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI opportunity fund. (April 26) 2   |   Richmond-based attorneys win U.S. Supreme Court case After nine years and through three U.S. presidents, attorneys […]

May 30, 2024

Donations by companies and corporate foundations

GENEROUS VIRGINIANS 2024 A heartfelt donation: Schars have donated more than $126 million to Inova since 1993 The 50 largest Virginia charities Total corporate donations Donations by companies and corporate foundations Donations by independent foundations and groups Donations by individuals and family foundations

May 30, 2024

The ripple effect

Major storms year-round are bringing an increased risk of flooding to the doorsteps of property owners across Virginia, but changes in the market for flood insurance could mean some will be ill-prepared when the water rises. Some inland Virginians have learned firsthand in recent years about the devastating toll of flooding, whi[...]

May 30, 2024

Jefferson Lab scientists to study water treatment methods

Jefferson Lab, the Newport News-based Thomas Jefferson National Accelerator Facility known worldwide for its highly scientific research, is now looking to take on solutions to everyday problems, starting with eliminating harmful chemicals in drinking water. Jefferson Lab researchers use high-energy electron beams to study the bu[...]

May 30, 2024

The retail experience

Twisted Branch Tea Bazaar on Charlottesville’s Downtown Mall, entertains its Tea Club members with monthly tastings, while nearby New Dominion Bookshop offers story times and “Friday Night Writes,” an event featuring emerging writers. And about a mile north at McIntire Plaza, outdoor gear and clothing consignment shop High[...]

May 30, 2024

Winchester region sees state’s biggest population growth

Since 2020, Winchester has gained traction as Virginia’s fastest-growing metro area due to an outflow of remote workers from the Washington, D.C., region to the exurbs. That’s squeezing the local housing market and boosting prices — as well as causing worry among the region’s leaders. “Living in Winchester versus D.C. [...]

May 30, 2024

FOR THE RECORD June 2024

CENTRAL VIRGINIA Washington, D.C.-based real estate analytics and data company CoStar Group will receive a grant from the City of Richmond worth several million dollars because of the company’s plan to build an office tower expected to generate more than $30 million in new tax revenue. On April 22, Richmond City Council approved an ordinance […]

May 30, 2024

McLean AI health care startup raises $111 million

A McLean-based health care tech startup wants to provide more targeted medical treatments for people with cancer, heart disease and other common diseases. Zephyr AI, founded in 2020, is a precision medicine company on a mission to democratize personalized medicine and is doing it by developing artificial intelligence-powered alg[...]

May 30, 2024

Landmark Mall redevelopment in the works

Used as a vintage backdrop to film scenes for “Wonder Woman 1984” and anchored by bankrupt retailers like Sears, the Landmark Mall in Alexandria was a relic. Almost two decades ago, the City of Alexandria first began strategizing a redevelopment of the 1960s-era indoor mall, which closed in 2017, but plans for a new 18-hour [...]

May 30, 2024

StartVirginia: Heard Around Virginia

Bricklayer AI announced a pre-seed investment of $2.5 million to advance product development of its autonomous AI security analyst solution on May 2. The pre-seed round had participation from Sovereign’s Capital; Dreamit Ventures; Virginia Innovation Partnership Corp.’s Virginia Venture Partners fund; BlueWing Ventures; and Blu Ventures, as well as cybersecurity industry leaders. Bricklayer AI has built an autonomous security[...]

May 30, 2024

If it ain’t broke, don’t fix it

Khalid Jones moved to Richmond from New York City’s Upper West Side in April to start his new job as executive director of the Virginia Lottery. Virginia’s River City may move at a slightly slower pace than the city that never sleeps, but Jones found himself instantly at home. Richmond reminds Jones of his youth […]

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