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October 2024

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

Sep 29, 2024

Growth in the valley

It can take a village — or a valley — to attract a multinational corporation. Shenandoah Valley economic and workforce development officials combined forces to entice Northrop Grumman to locate a 315,000-square-foot advanced electronics manufacturing and testing facility on a 63-acre site in Waynesboro, a project announced i[...]

Sep 29, 2024

For The Record October 2024

Central Virginia Fortune 500 company CarMax will be the naming sponsor for the Richmond Flying Squirrels’ new ballpark starting with the 2026 season, the Double-A Minor League Baseball team announced Sept. 4. The Diamond’s replacement will be known as CarMax Park. Although Squirrels President and Managing Partner Lou DiBella said that the deal with CarMax […]

Sep 29, 2024

Kuhn continues moving Loudoun projects forward

It hasn’t exactly been smooth sailing for Chuck Kuhn lately as he tries to rezone land for flex industrial use in Leesburg and Purcellville. The CEO of JK Moving Services and JK Land Holdings, Kuhn is one of Northern Virginia’s most prominent data center developers and land conservationists, having purchased swathes of prope[...]

Sep 29, 2024

Va. Tech Carilion med school plans new building, doubled enrollment

In 2010, the first class of students arrived at Roanoke’s new medical school, a partnership between Virginia Tech and Carilion Clinic. And nearly 15 years later, the Virginia Tech Carilion School of Medicine is undertaking ambitious growth plans. The medical school is in the early stages of planning a new 100,000-square-foot f[...]

Sep 29, 2024

Virginia 500 Spotlight: JANE KAMENSKY

THREE WORDS TO DESCRIBE ME: Thick-skinned, committed, self-mocking WHERE I SEE MYSELF 10 YEARS FROM NOW: On a screened porch drinking coffee and looking at the Blue Ridge ADVICE FOR NEW COLLEGE GRADUATES: Democracy is hard work and a peerless privilege. Earn it every day. DID YOU KNOW? Kamensky, who in January became president o[...]

Sep 29, 2024

StartVirginia: Heard Around Virginia October 2024

Fairfax County announced Sept. 13 that it has awarded eight companies grants as part of the second cohort of the Fairfax Founders Fund (FFF). The fund, which supports the growth of the county’s startup ecosystem, provides technical assistance and $50,000 grants to startups developing innovative technology solutions and demonstrating business growth opportunities. The second FFF […]

Sep 29, 2024

A time of transition

Turns out, Charlie King isn’t a gone fishin’ sort of retiree. Back in 2021, King retired after serving as James Madison University’s chief financial officer and senior vice president of administration and finance for 25 years. King and his wife, Sherry, knew they wanted to stay in the area after retirement. Their son Garre[...]

Sep 29, 2024

Staunton Crossing industrial site gets ready for business

A $9 million state grant is helping Staunton reach the finish line on Staunton Crossing, its long-awaited industrial site. The state Virginia Business Ready Sites Program (VBRSP) development grant awarded Aug. 8 will help pay for a 1 million-gallon water tower and water supply lines, which will help complete water and sewer ac[...]

Sep 29, 2024

Smithfield Foods separates from European arm

Smithfield Foods announced in late August that its European operations have been carved into an independent subsidiary. The action took place a little over a month after Smithfield’s Chinese parent company, WH Group, which has its headquarters in Hong Kong, announced plans to take Smithfield Foods public in the United States.�[...]

Sep 29, 2024

$1 billion data center campus moves forward in Pittsylvania

With more than 70% of global internet traffic flowing through Virginia data centers — mostly in Loudoun County — the commonwealth is the world’s undisputed data center capital. And Tom Gallagher’s development group wants Pittsylvania County to claim a stake in that action. Gallagher represents Anchorstone Advisors SOVA, [...]

Sep 29, 2024

Providing hope

For cancer patients in Virginia, treatment options are growing. The state has two National Cancer Institute-designated comprehensive cancer centers, updated technology in clinics in Northern Virginia and the Shenandoah Valley, and soon, a larger treatment center in Roanoke. The NCI reports that Virginians had a cancer incidence [...]

Sep 29, 2024

Petersburg prepares for casino referendum vote

This November, Petersburg voters will decide the fate of a highly anticipated casino development that could transform the city’s struggling economy. If approved, the proposed $1.4 billion Live! Casino & Hotel Virginia project will be built on an undeveloped 100-acre site off Interstate 95, offering easy access to East Coas[...]

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