Please ensure Javascript is enabled for purposes of website accessibility

November 2024

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

Oct 30, 2024

What’s behind Hampton Roads’ outmigration?

Young people have been leaving Hampton Roads in recent years, and area leaders say learning why is the first step toward fixing the problem. A June survey conducted by the Hampton Roads Workforce Council, Hampton Roads Executive Roundtable and Richmond-based Fahrenheit Advisors found that 25% of 511 residents surveyed said they [...]

Oct 30, 2024

Raleigh-to-Richmond rail project gains steam

Preliminary construction is underway for the Richmond-to-Raleigh passenger rail project, an estimated 162-mile route along the defunct CSX Transportation S-Line corridor that will speed up travel between the capitals of North Carolina and Virginia, as well as Washington, D.C., and the Northeast U.S. “We have basically funded w[...]

Oct 30, 2024

VCEDA seed grants sow small business growth

Adam Patterson knew if his fashion design company was going to thrive in his hometown of Big Stone Gap, he needed capital — and a new sewing machine. “Mine was so old, it sewed crooked stitches,” says Patterson, founder of Jones-Hurst Designs. Patterson received a $10,000 grant in September from a Virginia Coalfield Econom[...]

Oct 30, 2024

Defense tech startups close major funding rounds

Venture capital firms are betting big on two Northern Virginia-based defense contracting startups that are promising high-tech solutions to military challenges. In August, McLean-based Defcon AI announced it had raised $44 million in seed funding led by San Francisco investment firm Bessemer Venture Partners. The same month, Par[...]

Oct 30, 2024

Roanoke City Council approves zoning changes — again

A residential zoning do-over in the Star City is done. At least for now. On Sept. 16, Roanoke City Council voted 6-1 to adopt zoning amendments that will allow greater housing density and eliminate single-family-only housing City Council adopted similar zoning amendments in March, but several city homeowners, including Republica[...]

Oct 30, 2024

Energy storage projects slated for Greensville, Pittsylvania

Two energy storage projects proposed for Southern Virginia would help augment the area’s power capacity, diversify the region’s tax base and boost the regional economy, industry representatives say. Dominion Energy Virginia wants to build a liquified natural gas storage facility on more than 20 acres that the Richmond-based [...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.