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StartVA: Va. tech startups lead in fundraising
Before his company opened its Series B funding round last year, Elad Schaffer, co-founder and CEO of Faye, heard from a large venture capital fund. Could he meet with them the next day in San Francisco? It was a 14-hour flight for Schaffer, who lives in Tel Aviv, Israel, but splits his time between there […]
Economic Development: Shovel-ready sites bring bigger projects to Va.
Site-readiness spending — a priority for Gov. Glenn Youngkin since he took office in 2022 — seemed to truly bear fruit in 2024, especially in Central and Southern Virginia. In Chesterfield County alone, Super Radiator Coils announced plans last year to expand its facility, creating 160 jobs, and Danish electrolyzer manufactu[...]
Virginia CEO pay report
Click here for a larger version of the Virginia CEO Pay report.
Professional Services: Law firms not ready to jump headfirst into risky tech
Artificial intelligence continues to make headway into most industries, as C-suite professionals test AI-powered tools’ potential for cost savings and efficiency. Some people are even asking whether the speed of AI could finally kill off the billable hour. Not so fast, Siri. Clients often are not fans of the hourly billing mod[...]
Philanthropy: Virginians give to higher education, health care
In the last year, philanthropists and foundations in Virginia have made record-breaking donations to higher education institutions and health care systems, with multiple donors continuing their longstanding support for several institutions. Jane Batten, the matriarch of a philanthropic Hampton Roads family, pledged $100 million [...]
Real Estate and Construction: Stagnant with some silver linings
Realtors slogged through another sluggish market in 2024. Pollyanna types will point out that the commonwealth did see 4,000 more home sales in 2024 than in the previous year, according to Virginia Realtors data. On the other hand, the 102,509 homes that sold in Virginia in 2024 were down 18.8% from 2019 sales. Mortgage rates r[...]
