# Virginia Business

> Virginia Business

> URL: https://virginiabusiness.com

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## Blog
- [Hopewell weighs data center at former ethanol plant site](https://virginiabusiness.com/hopewell-considers-data-center-former-ethanol-plant/) (2026-07-10): A former ethanol plant in Hopewell could soon be the home of the city s first-ever data center.
- [Wall Street ends higher as investors turn to earnings season](https://virginiabusiness.com/wall-street-rises-sk-hynix-debut-earnings-optimism/) (2026-07-10): Wall Street ended higher as SK Hynix's blockbuster Nasdaq debut boosted investor optimism about memory chip makers.
- [Centra Health opens rehab hospital in Lynchburg](https://virginiabusiness.com/centra-health-opens-rehab-hospital-in-lynchburg/) (2026-07-10): Centra Health and Lifepoint Behavioral Health on Thursday celebrated the opening of the Centra Rehabilitation Hospital in Lynchburg.
- [Serco CEO is leaving to lead KBR spinoff](https://virginiabusiness.com/serco-ceo-is-leaving-to-lead-kbr-spinoff/) (2026-07-10): Serco CEO  Michael LaRouche is leaving the company to lead the planned spinoff of KBR's Mission Technology Solutions business.
- [OpenAI's AGI deployment chief Fidji Simo to step down after medical leave](https://virginiabusiness.com/openai-fidji-simo-steps-down-after-medical-leave/) (2026-07-10): After an extended medical leave for a neuroimmune condition, OpenAI CEO of AGI deployment Fidji Simo will step down from her full-time role.
- [SK Hynix's marquee US debut to test AI appetite](https://virginiabusiness.com/sk-hynix-us-debut-ai-chip-investor-appetite/) (2026-07-10): SK Hynix's $26.5 billion U.S. share sale debut tests investor confidence in the ai chip boom amid recent semiconductor stock pullback.
- [Fed's Warsh taps broad group of Fed outsiders to oversee review](https://virginiabusiness.com/feds-warsh-taps-broad-group-of-fed-outsiders-to-oversee-review/) (2026-07-09): Five task forces will review the U.S. central bank's operations, including impact of artificial intelligence.
- [Nasdaq rallies to sharply higher close; chip surge offsets Iran worries](https://virginiabusiness.com/wall-street-rises-as-chip-rally-offsets-renewed-iran-worries/) (2026-07-09): Micron Technology-led rally in chip stocks outweighed concerns that renewed U.S. and Iranian attacks would prolong the conflict and stoke broader geopolitical risks.
- [US existing home sales unexpectedly fall in June](https://virginiabusiness.com/us-existing-home-sales-unexpectedly-fall-in-june/) (2026-07-09): House prices hit a record high and mortgage rates remained elevated, pushing potential buyers to the sidelines.
- [Fed's Williams expects energy prices to abate even as Iran war flares](https://virginiabusiness.com/feds-williams-expects-energy-prices-to-abate-even-as-iran-war-flares/) (2026-07-09): New York Federal Reserve President John Williams doesn't expect sustained rise in energy prices.
- [Virginia ranks No. 3 in CNBC Top States for Business list](https://virginiabusiness.com/virginia-ranked-no-3-in-cnbc-top-states-for-business-list/) (2026-07-09): Virginia is ranked third in the annual CNBC Top States for Business list, up one spot from last year, the news network announced Thursday morning.
- [S&P 500 ends down after Trump says Iran deal is 'over'](https://virginiabusiness.com/sp-500-falls-trump-iran-deal-chip-stocks/) (2026-07-08): The S&P 500 ended lower after President Donald Trump declared the Iran deal over, while Broadcom and chip stocks gained amid market volatility.
- [Apple to spend $30B on Broadcom chips as it boosts US sourcing](https://virginiabusiness.com/apple-spend-30-billion-broadcom-chips-us-sourcing/) (2026-07-08): Apple plans to spend over $30 billion on Broadcom chips through 2031, expanding U.S. sourcing and supporting domestic chip manufacturing efforts.
- [Bezos' Blue Origin seeks first outside funding at $130B valuation, NYT DealBook reports](https://virginiabusiness.com/blue-origin-seeks-10-billion-funding-130-billion-valuation/) (2026-07-08): Blue Origin aims to raise $10 billion in its first outside funding round at a $130 billion valuation, competing with SpaceX's growing market presence.
- [Prince William supervisors reject another big data center project](https://virginiabusiness.com/prince-william-supervisors-reject-another-big-data-center-project/) (2026-07-08): The Prince William County Board of Supervisors on Tuesday night rejected a comprehensive plan amendment for a massive data center campus.
- [Tyto Athene taps former IBM executive as CEO](https://virginiabusiness.com/tyto-athene-names-andrew-boyd-ceo/) (2026-07-08): Tyto Athene names former IBM executive Andrew L. Boyd CEO as Dennis Kelly retires and remains on the board.
- [Oil prices jump 7% as US-Iran truce buckles under fresh hostilities](https://virginiabusiness.com/oil-prices-jump-us-iran-tensions-strait-of-hormuz/) (2026-07-08): Oil prices surged over 7% after U.S. President Donald Trump threatened fresh strikes on Iran, raising concerns about tanker traffic through the Strait of Hormuz.
- [Washington County plans for industrial site](https://virginiabusiness.com/washington-county-highlands-industrial-site-development/) (2026-07-08): Washington County is seeking funding to develop a pad-ready industrial site at Highlands Business Park for future projects
- [BWXT completes $200M acquisition of Precision Components Group](https://virginiabusiness.com/bwxt-completes-acquisition-of-precision-components-group/) (2026-07-08): BWX Technologies announced Monday that it has completed its acquisition of Pennsylvania-based manufacturer Precision Components Group.
- [Oil jumps after settlement as US revokes general license for Iran oil sales](https://virginiabusiness.com/us-revokes-iran-oil-license-attacks-strait-of-hormuz/) (2026-07-07): Oil prices surged after the U.S. revoked the general license for Iranian crude sales amid tanker attacks near the Strait of Hormuz, raising shipping disruption fears.
- [S&P 500 ends down as AI worries hit chipmakers](https://virginiabusiness.com/sp-500-falls-ai-worries-chipmakers-us-asia/) (2026-07-07): The s&p 500 ended lower as chipmakers like Micron and Sandisk fell amid doubts about the sustainability of the ai-driven rally in the US and asia markets.
- [Times Fiber Communications to close Pittsylvania plant](https://virginiabusiness.com/times-fiber-chatham-plant-closing-78-jobs/) (2026-07-07): Times Fiber Communications will close its Chatham plant by the end of October, eliminating 78 jobs, according to a WARN notice.
- [AeroVironment wins $500M Army contract](https://virginiabusiness.com/aerovironment-wins-500m-army-contract/) (2026-07-07): AeroVironment has been awarded a three-year Army contract worth up to $500 million to provide technology to counter drone attacks.
- [Amazon aims to raise $25B from bond sale, Bloomberg News reports](https://virginiabusiness.com/amazon-raise-25-billion-bond-sale-ai-investments/) (2026-07-07): Amazon plans to raise at least $25 billion through a bond sale to support its AI infrastructure investments, joining other Big Tech firms in tapping debt markets.
- [S&P 500, Nasdaq close sharply higher as Broadcom rallies](https://virginiabusiness.com/broadcom-rally-lifts-sp-500-nasdaq-ai-chips/) (2026-07-06): Broadcom's chip deal extension with Apple boosts s&p 500 and Nasdaq amid strong investor demand for ai-related technology stocks.
- [Trump says 500,000 children receive first $1,000 Trump account deposits](https://virginiabusiness.com/trump-announces-first-1000-deposits-to-trump-accounts/) (2026-07-06): President Donald Trump announced the government deposited $1,000 into over 500,000 Trump Accounts to help newborn Americans build wealth early.
- [Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge](https://virginiabusiness.com/elon-musk-bid-rejected-twitter-fraud-verdict/) (2026-07-06): A US judge denied elon musk's motion to set aside a jury verdict that found him liable for defrauding twitter investors during his $44 billion takeover.
- [Solstice buys Element Solutions in $14.5B deal, sharpens focus on AI market](https://virginiabusiness.com/solstice-buys-element-solutions-ai-materials/) (2026-07-06): Solstice acquires Element Solutions for $14.5 billion to expand its advanced materials platform focused on ai infrastructure and semiconductor markets.
- [Microsoft to cut 4,800 jobs, overhaul Xbox unit](https://virginiabusiness.com/microsoft-cuts-jobs-restructures-xbox-unit-ai-investments/) (2026-07-06): Microsoft announced 4,800 job cuts and an Xbox division overhaul as it shifts strategy and manages rising AI investment costs.
- [Prince William Digital Gateway data center project officially dies](https://virginiabusiness.com/prince-william-digital-gateway-data-center-project-officially-dies/) (2026-07-06): The controversial Prince William Digital Gateway, a proposed 23 million-square-foot data center complex, is officially dead.
- [Richmond law firm no longer represents Martinsville](https://virginiabusiness.com/richmond-law-firm-no-longer-represents-martinsville/) (2026-07-06): Richmond law firm Sands Anderson no longer represents the City of Martinsville as legal counsel.
- [CrossCountry Consulting acquires Arlington's Dupont Circle Solutions](https://virginiabusiness.com/crosscountry-consulting-acquires-dupont-circle-solutions/) (2026-07-06): CrossCountry Consulting expands its Salesforce consulting business with the acquisition of Dupont Circle Solutions.
- [Nasdaq ends lower with tech; investors assess softer jobs data](https://virginiabusiness.com/nasdaq-falls-tech-stocks-us-jobs-report-rate-hike/) (2026-07-02): Nasdaq declined as technology shares dropped following a softer US jobs report that eased expectations for a Federal Reserve interest rate hike.
- [ID Logistics to invest $83M, create 1,000 jobs in Henrico](https://virginiabusiness.com/id-logistics-to-invest-83m-create-1000-jobs-in-henrico/) (2026-07-02): The U.S. arm of ID Logistics expects to invest $83M and create 1,000 jobs at its first Virginia location, a distribution facility in Henrico.
- [Trump on financial disclosures: Everyone's profiting because stock market is up](https://virginiabusiness.com/trump-reports-income-from-family-crypto-ventures/) (2026-07-02): President Donald Trump reported over $1.4 billion income from his family's crypto ventures amid rising stock market profits.
- [Virginias new pay law requires a number  not the truth](https://virginiabusiness.com/virginia-pay-transparency-law-requires-salary-ranges/) (2026-07-02): Virginia s new pay transparency law requires employers to post salary ranges but may not ensure those numbers reflect realistic pay for applicants.
- [Microsoft launches firm to help companies adopt AI with $2.5B](https://virginiabusiness.com/microsoft-launches-company-25-billion-ai-adoption/) (2026-07-02): Microsoft launches Microsoft Frontier Company with $2.5 billion funding to help businesses select and integrate AI technologies tailored to their needs.
- [OpenAI proposes handing Trump administration 5% stake, FT reports](https://virginiabusiness.com/openai-proposes-us-government-5-percent-stake-ai/) (2026-07-02): OpenAI has proposed giving the U.S. government a 5% stake to address regulatory concerns and public backlash over ai technology and its economic impact.
- [University of Lynchburg's 12th president assumes role](https://virginiabusiness.com/university-of-lynchburgs-12th-president-assumes-role/) (2026-07-02): Seven years after leaving the University of Lynchburg for The Citadel, Sally Coleman Selden has returned as the university's 12th president.
- [US job growth slows in June; unemployment rate falls to 4.2% amid decline in labor force](https://virginiabusiness.com/us-job-growth-slows-june-unemployment-rate-falls/) (2026-07-02): U.S. job growth slowed in June with payrolls rising 57,000 and unemployment rate dropping to 4.2% due to labor force decline, signaling a cooling labor market.
- [Wall Street ends lower as tech shares slip](https://virginiabusiness.com/wall-street-tech-shares-fall-meta-gains/) (2026-07-01): Wall Street ended lower with tech shares slipping, while Meta Platforms rallied on plans to expand its cloud AI business amid cautious investor sentiment.
- [Virginia budget clears way for $100B Berry Hill data center campus](https://virginiabusiness.com/virginia-budget-stack-100b-data-center-project/) (2026-07-01): Virginia's budget keeps the data center tax exemption in place, clearing the way for Stack to advance its proposed $100B Berry Hill project.
- [Farm, home supplies retailer to invest $40M in Henry County](https://virginiabusiness.com/farm-home-supplies-retailer-to-invest-40m-in-henry-county/) (2026-07-01): Rural King will invest $40 million to establish a distribution center in Henry County, a project expected to create 150 jobs.
- [Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%](https://virginiabusiness.com/fed-warsh-maintain-2-percent-inflation-target-trump-pressure/) (2026-07-01): Federal Reserve Chairman Kevin Warsh commits to the 2% inflation target, rejecting pressure for rate cuts despite President Trump's calls.
- [Formerly VWU, Batten University acquires Sentara College of Health Sciences](https://virginiabusiness.com/formerly-vwu-batten-university-acquires-sentara-college-of-health-sciences/) (2026-07-01): Batten University, formerly Virginia Wesleyan University, announced Wednesday that it acquired Sentara College of Health Sciences.
- [Strategy's enterprise value falls below bitcoin holdings as crypto sentiment sours](https://virginiabusiness.com/strategy-enterprise-value-falls-below-bitcoin-holdings/) (2026-07-01): Strategy's enterprise value has dropped below its bitcoin holdings, raising investor concerns amid ongoing crypto market volatility and share price declines.
- [Digital Realty to pay Blackstone $3.5B for stake in Virginia data centers](https://virginiabusiness.com/digital-realty-pay-blackstone-stake-northern-virginia-data-centers/) (2026-07-01): Digital Realty will acquire a larger stake in three Northern Virginia data centers from Blackstone in a $3.5 billion cash-and-stock deal.
- [From the Editor: Top Projects & Real Estate Deals](https://virginiabusiness.com/top_projects_editor_letter_2026/) (2026-07-01): Virginia Business s inaugural Virginia Top Projects & Real Estate Deals recognition program offers a moment to pause
- [2026 Top Projects & Real Estate Deals](https://virginiabusiness.com/26-top-projects-and-real-estate-deals/) (2026-07-01): Virginia s commercial real estate developers, contractors and dealmakers delivered an impressive array of projects and transactions across the commonwealth last year  29 of which are being honored in Virginia Business s inaugural Virginia Top Projects & Real Estate Deals recognition program.
- [Top Real Estate Deals 2026](https://virginiabusiness.com/top-real-estate-deals-2026/) (2026-07-01): Top Real Estate Deals recognizes significant transactions that shaped Virginia s commercial real estate market in 2025
- [Allianz Amphitheater at Riverfront](https://virginiabusiness.com/allianz-amphitheater-at-riverfront/) (2026-06-30): Richmond
- [5001 Eisenhower Conversion](https://virginiabusiness.com/5001-eisenhower-conversion/) (2026-06-30): Alexandria
- [Top Projects 2026](https://virginiabusiness.com/top-projects-26/) (2026-06-30): Top Projects spotlights the best building and construction projects delivered in Virginia during 2025 across key
- [Atlantic Park](https://virginiabusiness.com/atlantic-park/) (2026-06-30): Virginia Beach
- [Collective West Creek (Bexley West Creek)](https://virginiabusiness.com/collective-west-creek-bexley-west-creek/) (2026-06-30): Goochland County
- [BLVD Haley](https://virginiabusiness.com/blvd-haley/) (2026-06-30): Reston
- [Dulles Discovery 2](https://virginiabusiness.com/dulles-discovery-2/) (2026-06-30): Chantilly
- [Uncle Sam wants you to save for retirement](https://virginiabusiness.com/virginia-advisers-federal-retirement-savings-initiatives/) (2026-06-30): Virginia financial advisers assess federal retirement savings initiatives including the new saver s match and TrumpIRA.gov to boost IRA access.
- [Out and About July 2026](https://virginiabusiness.com/out-and-about-july-2026/) (2026-06-30): 1. Amazon.com executives and local dignitaries, including Amazon Head of Virginia Public Policy Lindsay Winter, Amazon
- [Expiration of ACA tax credits strains pocketbooks](https://virginiabusiness.com/virginians-face-health-insurance-premium-increase-after-subsidies-expire/) (2026-06-30): Virginia s Insurance Marketplace premiums rose over 20% after enhanced federal tax credits expired, causing a 22.6% enrollment drop and higher costs for many.
- [Eastport Industrial Park](https://virginiabusiness.com/eastport-industrial-park/) (2026-06-30): Henrico County
- [Bon Secours Harbour View Medical Center](https://virginiabusiness.com/bon-secours-harbour-view-medical-center/) (2026-06-30): Suffolk
- [Energy tech hub opens in Newport News](https://virginiabusiness.com/virginia-tech-energy-hub-opens-newport-news/) (2026-06-30): The Secure Energy Future Center backed by Virginia Tech opens in Newport News with $2.7 million funding to boost energy innovation and workforce training.
- [Google land transactions](https://virginiabusiness.com/google-land-transactions/) (2026-06-30): Chesterfield County
- [Chasen](https://virginiabusiness.com/chasen/) (2026-06-30): Richmond
- [Volvo Trucks Dublin plant rolls out regional hauler](https://virginiabusiness.com/volvo-trucks-dublin-production-new-regional-hauler/) (2026-06-30): Volvo Trucks North America s Dublin plant has begun production of the new VNR regional hauler, boosting orders and regional manufacturing jobs.
- [$750M battery storage project eyed in Loudoun](https://virginiabusiness.com/750m-battery-storage-project-eyed-in-loudoun-county/) (2026-06-30): Energy company Tenaska is seeking approval for a $750 million, 425-megawatt battery energy storage project in Loudoun
- [Valley communities prepare for data centers](https://virginiabusiness.com/valley-communities-prepare-for-data-centers/) (2026-06-30): As interest in data centers grows across Virginia, Shenandoah Valley communities are debating how to manage the
- [Activists more receptive to Berry Hill data center plan](https://virginiabusiness.com/stack-infrastructure-data-center-plan-southern-virginia/) (2026-06-30): Stack Infrastructure plans a $100 billion data center campus at Berry Hill in southern Virginia, gaining measured support from local coalition amid environmental concerns.
- [Wythes lack of zoning eases way for data center plan](https://virginiabusiness.com/wythes-lack-of-zoning-eases-way-for-data-center-plan/) (2026-06-30): Wythe County is one of just a handful of Virginia s 95 counties without a countywide zoning system. That s why the
- [Crescent Business Center Building 7](https://virginiabusiness.com/crescent-business/) (2026-06-30): Hanover County
- [AI wont take your job and other things CEOs say before the layoffs](https://virginiabusiness.com/gartner-ai-adopters-cut-jobs-no-return-boost/) (2026-06-30): Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.
- [Harbor Commerce Center](https://virginiabusiness.com/harbor-commerce-center/) (2026-06-30): Hampton
- [Dan River Falls](https://virginiabusiness.com/dan-river-falls/) (2026-06-30): Danville
- [Harrison Street Medical Office Portfolio](https://virginiabusiness.com/harrison-street-medical-office-portfolio/) (2026-06-30): Alexandria; Fairfax County
- [FOR THE RECORD](https://virginiabusiness.com/for-the-record-10/) (2026-06-30): Central Virginia Electronic circuit board manufacturer and supply chain service provider Jabil plans to establish a
- [Fairwinds Landing  Dominion energy Marine Coordination Center](https://virginiabusiness.com/fairwinds-landing-dominion-energy-marine-coordination-center/) (2026-06-30): Norfolk
- [Longwood Industrial Portfolio](https://virginiabusiness.com/longwood-industrial-portfolio/) (2026-06-30): Spotsylvania County
- [William & Mary ranks high in career launches](https://virginiabusiness.com/william-mary-career-center-boosts-student-job-success/) (2026-06-30): William & Mary s career center in Virginia drives strong job placement with internships, alumni support, and innovative funding programs for students.
- [Fuse at Mason Square](https://virginiabusiness.com/fuse/) (2026-06-30): Arlington County
- [Metropolis at Innsbrook](https://virginiabusiness.com/metropolis-at-innsbrook/) (2026-06-30): Henrico County
- [HEARD AROUND VIRGINIA](https://virginiabusiness.com/heard-around-virginia-18/) (2026-06-30): U.K. aerospace and defense company Applied Atomics emerged from stealth in June and announced plans to establish a U.S.
- [Top Five July 2026](https://virginiabusiness.com/top-five-july-2026/) (2026-06-30): 1 | Spanberger removes Virginia Tech s rector from board Gov. Abigail Spanberger removed Roanoke attorney John Rocovich
- [Inova Fairfax Medical Campus Donor Recovery Center](https://virginiabusiness.com/inova-fairfax-medical-campus-donor-recovery-center/) (2026-06-30): Fairfax County
- [JW Marriott Reston Station](https://virginiabusiness.com/jw-marriott-reston-station/) (2026-06-30): Reston
- [LS GreenLink USA site](https://virginiabusiness.com/ls-greenlink-usa-site/) (2026-06-30): Chesapeake
- [Tysons Dulles Plaza](https://virginiabusiness.com/tysons-dulles-plaza/) (2026-06-30): Tysons
- [Monument Drive Commuter Parking Garage & Transit Center](https://virginiabusiness.com/monument-drive-commuter-parking-garage-transit-center/) (2026-06-30): Fairfax County
- [Historic Triangle rolls out welcome mat for America's 250th birthday](https://virginiabusiness.com/historic-triangle-tourism-colonial-williamsburg-centennial/) (2026-06-30): Visit Williamsburg and local businesses anticipate a tourism boost from the colonial williamsburg centennial and the United States semiquincentennial.
- [Phenix Commerce Center](https://virginiabusiness.com/phenix-commerce-center/) (2026-06-30): Hampton
- [The Pinnacle on 31st Street](https://virginiabusiness.com/the-pinnacle-on-31st-street/) (2026-06-30): Virginia Beach
- [Virginia 500 spotlight July 2026 | Katherine Rowe](https://virginiabusiness.com/virginia-500-spotlight-july-2026/) (2026-06-30): FIRST JOB: Waitressing. I also worked as a house painter and did light carpentry during the summers from college
- [Port 460 Logistics Center (Phase 1)](https://virginiabusiness.com/port-460-logistics-center-phase-1/) (2026-06-30): Suffolk
- [Springline at District 60 Phase I](https://virginiabusiness.com/springline-at-district-60-phase-i/) (2026-06-30): Chesterfield County
- [Virginia Tech Academic Building One](https://virginiabusiness.com/virginia-tech-academic-building-one/) (2026-06-30): Alexandria
- [West Falls](https://virginiabusiness.com/west-falls/) (2026-06-30): Falls Church
- [Best of the best](https://virginiabusiness.com/best-of-the-best/) (2026-06-30): Virginia Business s 2026 Top Projects & Real Estate Deals honors projects and transactions that significantly
- [Top Projects & Real Estate Deals Sponsors 2026](https://virginiabusiness.com/top-projects-real-estate-deals-sponsors-2026/) (2026-06-30): Awards Sponsor: Virginia Tech Virginia Tech: Where talent, research, and industry converge Virginia Tech is a leading
- [Virginia finalizes $200B+ 2026-28 budget](https://virginiabusiness.com/virginia-finalizes-2026-budget-data-center-tax-cannabis-sales/) (2026-06-30): Virginia legislators finalized a $200 billion-plus budget including a new data center electricity tax and a marijuana retail sales framework.
- [S&P 500, Nasdaq post best quarter since 2020 despite Iran war](https://virginiabusiness.com/sp-500-nasdaq-best-quarter-2020-iran-war/) (2026-06-30): June 30 (Reuters) - The S&P 500 and Nasdaq finished out the quarter with their biggest quarterly gains since 2020 as

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- Website: https://virginiabusiness.com

---
> Generated by Asentech Team
> Updated: 2026-07-10