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Milestones: Virginia...

Milestones: Virginia companies going the distance

While the first few years in business are notoriously challenging for entrepreneurs, even milestones that seem achievable are still relatively uncommon. Consider this: For Virginia-based companies established at any time between the mid-1990s through the mid-2000s, the 20-year survival rate hovered around 20%, according to figures from the U.S. Bureau of Labor Statistics. And beyond […]

CEO of...

CEO of ed tech provider Stride out after 5+ years

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Commonwealth Fusion Systems' Massachusetts headquarters. Photo courtesy CFS

Nuclear fusion company raises $1B, partly slated for Chesterfield

Commonwealth Fusion Systems raised $1B to advance its nuclear fusion plant in Chesterfield and its demonstration machine in Massachusetts.

Industries

Then-Gov. Glenn Youngkin joined Merck & Co. at the October 2025 groundbreaking for Merck’s $3 billion expansion in Elkton. Photo by Kaitlyn DeHardie, Office of Gov. Glenn Youngkin

Big deals: Pharma, manufacturing make splash in Virginia

Anticipated to create at least 100 jobs apiece, these economic development announcements were some of the largest in Virginia in the second half of 2025 and the first half of 2026. CENTRAL VIRGINIA Albemarle County: In October 2025, U.K. pharma-ceutical giant AstraZeneca announced plans for a $4.5 billion manufacturing campus with two facilities at the […]

Real Estate

Depositphotos

N.C. company acquires Henrico’s Crossings Golf Club

McConnell Golf announced Wednesday it has completed its acquisition of the 268-acre The Crossings Golf Club in Glen Allen.

Money

Bruce Whitehurst, Virginia Bankers Association’s president and CEO, is keeping tabs on what happens with federal cryptocurrency policy. Photo by Jay Paul

Banking industry navigates deregulation, crypto changes

The NCUA proposes rule changes to reduce regulatory burdens on credit unions converting to banks, impacting Virginia's financial sector and lending flexibility.

Government

The logo of the company Leidos Holdings Inc is shown on one of the company's buildings in San Diego, California, U.S., September 17, 2020. REUTERS/Mike Blake

Leidos wins potential $717M Air Force task order

Reston-based Leidos won a potential $717 million Air Force task order for intelligence and surveillance support operations.

People

Monica Baskin. Photo courtesy Virginia Commonwealth University

VCU names director for Massey Comprehensive Cancer Center

VCU names Monica Baskin director of Massey Comprehensive Cancer Center, who would make history as its first woman leader.

latest news

BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

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Around The Nation

Oil jumps 7% on escalating Middle East airstrikes

Apple briefly tops $5 trillion market value for first time

Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

Boeing share price rises despite larger-than-expected Q2 loss from higher Air Force One costs

Nvidia in talks with OpenAI to guarantee $250B billion financing for data center, WSJ reports

Chipmaker CXMT vaults to top of China’s valuation with 466% surge in Shanghai debut

Amazon’s Leo proposes satellite constellation for direct-to-phone service

Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress

U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), as the Federal Reserve holds interest rates steady, at the Federal Reserve, in Washington, D.C., U.S. July 29, 2026. REUTERS/Evelyn Hockstein/File Photo

Fed chief Warsh faces hard choice on inflation after bond market’s ‘red flag’

Federal Reserve Chairman Kevin Warsh confronts a difficult decision on inflation policy as bond yields hit 19-year highs amid internal Fed disagreements.

View of an Apple logo at an Apple store in Paris, France, April 23, 2025. REUTERS/Abdul Saboor/File Photo

Apple set to lose nearly $500B in value after weak forecast

Apple shares fell nearly 10% after a weak forecast citing supply chain shortages, risking a $500 billion market value loss and losing top company status to Nvidia.

Grocery store in Washington

US inflation slows in June, but reversal likely amid Middle East conflict

U.S. inflation eased in June with a 3.7% annual rise in the PCE Price Index, but Middle East tensions threaten to reverse the trend amid rising oil prices.

OpenAI logo is seen in this illustration created on June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

OpenAI cuts prices on smaller models as businesses scrutinize AI spend

OpenAI cut prices on its smaller and mid-tier AI models, aiming to ease rising costs for businesses and compete with cheaper Chinese rivals.

New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. REUTERS/Eric Lee/File Photo

Fed leaves rates unchanged; three policymakers dissent in favor of a hike

The Federal Reserve held interest rates steady at 3.50%-3.75%, with three regional bank presidents dissenting in favor of a hike amid inflation concerns.

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Opinion

Commentary: Entrepreneurs, think creatively

Are your best people leaving over money — or this?

Maritime and logistics can lift the commonwealth

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Jaime-Raul-Zepeda

Why your best employees are quietly losing their edge

Jaime Raul Zepeda explores why top employees lose their edge between burnout and boreout and the need for supported stretch in work.

Depositphotos

Virginia’s new pay law requires a number — not the truth

Virginia’s new pay transparency law requires employers to post salary ranges but may not ensure those numbers reflect realistic pay for applicants.

Jaime-Raul-Zepeda

“AI won’t take your job” and other things CEOs say before the layoffs

Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

Haymore_Todd

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

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