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2026 Virginia Power 50 List
Many of the 50 most powerful people in Virginia are here because they lead major corporations, such as Fortune 100 mainstays like General Dynamics and Freddie Mac, and the privately owned candy and pet care giant Mars, whose partial owner Jacqueline Mars lands on our list due to her personal wealth. Others are influential public[...]
Preparation, pandemic helped Virginia land Big Pharma deals
Virginia attracted $12 billion in pharmaceutical manufacturing investments in 2025, leveraging site readiness, workforce training, and strong infrastructure.
Virginia’s shift to Dems could draw federal cuts
Virginia is under new management, with Gov. Abigail Spanberger taking office Jan. 17. In a speech two days later to the General Assembly, she spoke about returning Virginia to its top spot in CNBC’s “Top States for Business” rankings, after the commonwealth fell to No. 4 in 2025. However, many of the economic challenge[...]
Giant economic development deals took spotlight in 2025
Virginia's 2025 saw major data center and pharmaceutical investments driving growth despite federal workforce declines and budget challenges.
NoVa data center development moves down I-95
Stafford County is experiencing rapid data center growth with three major projects underway and 18 in the pipeline, driven by developers like Vantage Data Centers.
VFP moves forward on $30M expansion in Scott County
VFP is investing $35 million to expand its Scott County facility, adding new buildings and jobs to support growing data center and utility infrastructure needs.
Virginia universities help entrepreneurs get started
Virginia universities like George Mason and Virginia Tech offer accelerators, grants, and resources to support local entrepreneurs and startups statewide.
Virginia banks saw big mergers and acquisitions in 2025
Virginia community banks experienced significant mergers and acquisitions in 2025, including Atlantic Union Bankshares' $1.3 billion purchase of Sandy Spring Bank.
Northern Virginia focuses on strengths amid federal cuts
Northern Virginia's economy adapts to federal job cuts in 2025 by expanding defense tech, aerospace, AI, and data centers across Alexandria, Arlington, Fairfax, Loudoun, and Prince William.
Manufacturing-heavy Southwest Virginia captures new industries
Southwest Virginia sees major investments in manufacturing, indoor agriculture, and energy projects, boosting jobs and regional economic development in 2025.
Hitachi Energy powers up $457M expansion in South Boston
Hitachi Energy will invest $457 million to expand power transformer production in South Boston, creating 825 jobs and building the nation’s largest large transformer plant.
Philanthropists boost Virginia universities, health systems
Virginia universities and health systems received major philanthropic gifts in 2025, including multimillion-dollar donations to support scholarships, programs, and health initiatives.
