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Shenandoah Valley Year-in-Review: Green valley
Just a couple years later, an $821,000 site development grant awarded to the Shenandoah Valley Partnership by the state’s GO Virginia economic development initiative has already been paying off, says Jay Langston, the partnership’s executive director. The grant, which paid for work including site evaluation and related envir[...]
Virginia 500 Spotlight: ANEESH CHOPRA
FIRST JOB: Bellhop at a Ramada Inn outside of Princeton, New Jersey MOST VALUED POSSESSION: My wedding ring HOW I UNWIND FROM WORK: Playing tag with the kids in the backyard HOW I CHOSE MY CAREER: I was inspired by President Clinton to solve national problems through better use of technology. HOW I BALANCE MY […]
Central Virginia Year-in-Review: Pumping the brakes
During the pandemic, companies began pumping the brakes on expansions out of fear of the unknown. But, using that same car-related analogy, by late 2021, they were flooring it, explains Greater Richmond Partnership President and CEO Jennifer Wakefield. And by 2022, they had kicked it into sport mode. “Now it’s shifted back i[...]
Eastern Va. Big Deal: Prime location
Doug Smith isn’t surprised Amazon.com has extended its reach in Hampton Roads. The Hampton Roads Alliance president and CEO says Amazon’s expansion in the commonwealth has been a constant since the global e-commerce behemoth announced in 2018 that it would locate its East Coast corporate headquarters, Amazon HQ2, in Arlingto[...]
How’s your confidence?
Business always has its up and downs. We’ve all been through more than a few. As au courant as the dot-com economy might seem, that bubble floated skyward decades ago, bursting in 2002. It wasn’t just a small dip. Between 1995 and its peak in March 2000, the tech stock-heavy Nasdaq index rose by 800%, […]
Professional Services: Making it legal
Continuing a trend of the past several years, mergers and growth continue to be in fashion among law firms. McGuireWoods, the largest firm headquartered in Virginia, has its eye out for new partners, firm Chairman Jon Harmon said in 2023. “I believe the legal industry is consolidating, and that, over time, there’s going to b[...]
Central Va. Big Deal: Renaissance times
Henrico County’s near West End is seeing a renaissance. For decades, the area bordering Richmond around the Willow Lawn neighborhood has been home to mostly defunct commercial projects and old homes. But a $450 million project announced in December 2023 to renovate an old Elevance Health (formerly Anthem) campus promises to br[...]
Roanoke/New River Valley Big Deal: Banking on Roanoke
When Roanoke County economic development officials pitched Wells Fargo on expanding its customer support center operation in the county, they emphasized how well they’d taken care of the nation’s fourth-largest bank previously and how they would continue to do so. The pitch worked. Now the bank’s $87 million expansion will[...]
Old Dominion, new data
As available land for data centers in Loudoun County — home to Data Center Alley, the world’s largest concentration of data centers — has become scarcer and more expensive, the industry has expanded into other Northern Virginia localities and beyond. In Virginia, Prince William County has become the other heat map for the [...]
Financial Services: Signs of health
What’s that we hear? Is the economy growing healthier? It’s getting stronger for sure, Federal Reserve Bank of Richmond President and CEO Tom Barkin said in January during the 2024 Financial Forecast event co-hosted in Richmond by the Virginia Bankers Association and the Virginia Chamber of Commerce. Inflation was 3.4% in De[...]
Southwest Va. Year-in-Review: A wide range
A local connection helped bring an impactful business project to Southwest Virginia. Daniel Kennedy, who was born and spent his early days in St. Paul, was instrumental in bringing home one of the largest manufacturing deals in years. Data center storage rack manufacturer Tate struck a deal in early November 2023 to occupy a lon[...]
