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 of the nonprofit foundation responsible for running Jefferson‘s Monticello plantation, has authored or co-authored seven books covering four centuries of American history. She was previously the Jonathan Trumbull Professor of American History at Harvard University.
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 cohort includes agriculture tech company KAPPA AgTech; software company Karambit.AI; biotech company Magna Labs; rechargeable battery developer NanoNiFe; data science firm Pluribus; IT services company NIOSolutions; plasmonics wireless communications company Saltenna; and ZipID, which produces Form I-9 compliance software. (News release)
Coworking company Gather Workspaces announced plans in September to open its Gather West End location in Henrico County’s Innsbrook area in Spring 2025. Gather’s first post-COVID addition will expand its footprint to eight locations statewide, with five in the Richmond area and three in Hampton Roads. Gather West End will occupy 19,452 square feet at 4101 Cox Road. Designed to accommodate more than 300 people, the location will feature 92 private offices of varying sizes, with amenities including a video recording and podcast room, eight conference rooms and a 30-person training room. (News release)
NeoSwap AI, a Richmond company that offers an AI-powered multiperson exchange marketplace for nonfungible tokens, is now called Tulle. The company said the rebrand is meant to reflect its sharpened focus on liquidity solutions for low-volume cryptocurrency markets like Solana and Bitcoin. Tulle operates a technology stack, called TulleKit, that combines intent capture, prediction models and advanced trade-finding algorithms to facilitate multiparty swaps. The company says its approach boosts trading volumes in low-liquidity environments, significantly improving market efficiency. Founded in March 2022, Tulle had raised more than $3 million in its pre-seed round as of early September. (Richmond Inno)
No Limbits, a Richmond adaptive clothing company led by CEO Erica Cole, has landed a $50,000 grant from Progressive Insurance to be used toward the purchase of a new commercial van for the business. The company was one of 20 small businesses from across the country to score grants from the Mayfield Village, Ohio, insurance giant through its Driving Small Business Forward program. No Limbits makes clothing for amputees and wheelchair users and has expanded to other garments for specific disabilities. (Richmond Inno)
The Regional Accelerator and Mentoring Program (RAMP) in Roanoke has accepted
nine startups into its fall RAMP cohort and inaugural On RAMP pre-accelerator program. The programs will run concurrently, with RAMP-in-Residence participants moving through 12 weeks of business acceleration and On-RAMP cohort developing early-stage businesses. RAMP-In-Residence cohort members are: Drivingo(Blacksburg); DentAI(Richmond); N-Factor(Blacksburg); and Portcullis Research(Blacksburg). On RAMP participants entrepreneurs are Rufus Pasley(Roanoke); Edward Gaines II of Eudaemonia.ai(Stafford); Amethyst Edmond(Roanoke); Douglas Pitzer of Stroke of Genius(Roanoke); and Toni Sperry of Pod Farms(Pulaski). (News release)
PEOPLE
Manassas aviation startup Electra.aero has named former Boeing executive B. Marc Allen its new CEO, succeeding founder John S. Langford, who will remain chairman of the Manassas-based aviation startup. Allen spent the bulk of his career, nearly two decades, at Boeing, which has been headquartered in Arlington County since 2022. Most recently, he served as the Fortune Global 500 aerospace and defense contractor’s chief strategy officer and senior vice president for strategy and corporate development. Founded by Langford in 2020, Electra has about 45 employees. Langford previously co-founded Boeing subsidiary Aurora Flight Sciences. Electra conducted the first successful test flight of its prototype hybrid electric short takeoff and landing (eSTOL) commercial aircraft in November 2023. (VirginiaBusiness.com)
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 Garrett works for the JMU Foundation and their daughter-in-law Lindsay works at the university‘s College of Business, so the elder Kings decided to build a house about 20 minutes from campus.
For two years after retiring, King worked part-time for JMU in government relations, which meant traveling to Richmond to talk up JMU and higher education to lawmakers.
“I was really out of work with not anything to do for a year,” he says. “And quite frankly, I wasn’t enjoying retirement. I had worked my whole life, and I went from going 100 miles an hour to about 10 miles an hour, and I didn’t adjust real well to that.”
In March, Jonathan Alger, who’d served as JMU’s president for a dozen years, announced he would step down over the summer to lead American University in Washington, D.C.
Sherry King asked her husband if he had any interest in the job.
“I’ve been retired for three years,” King, 72, recalls saying. “I just don’t think that’s a possibility.”
But it didn’t take long for King to hear from a waterfall of alumni, former board members and Virginia lawmakers, all of whom encouraged him to lead the college through the transition.
King put his name into the hat.
“There was immediate coalescing around Charlie from all the various sectors,” says Kay Coles James, who sits on JMU’s board of visitors.
King, who started as interim president on July 1, says he’s found his primary role is to “keep the trains on schedule — and there’s a lot of trains on a college campus, particularly one the size of this university,” he adds.
On a typical morning, King might have a phone call with the state secretary of education’s office or sit in on a Zoom call with other public college and university presidents. During a break, he might walk over to the dining halls to see how long students were waiting in line.
The amount of time he spends meeting with other people, even as interim president, caught King by surprise. “I thought I was going to be able to come in here and put my head down and go to work,” he says.
In his last stint working at JMU, King oversaw the construction of numerous buildings — so many that the board of visitors elected in 2021 to rename the Integrated Science and Technology building King Hall. As interim president, King continues to keep a close eye on capital projects, including the renovation and expansion of Carrier Library, which opened in 1939. That reopening is tentatively slated for 2026.
King also puts out fires. Typically, JMU has about 4,800 freshmen students. This year, the university had more than 5,000. “We got a large freshman class, and we had some housing issues we need to resolve,” King says.
He also spends time addressing workforce issues. Like universities across the country, JMU is struggling to fill openings in its nursing department. Jobs that are lower paid — but still essential to the university’s operations — are also a challenge to fill, he notes.
Then, there are loftier matters that require a university president’s attention, like considering the impact artificial intelligence will have on JMU now and in the future.
“There’s always things for me to interject myself into or to help, hopefully, move forward,” he says. Convincing the board members to let him keep the job permanently isn’t one of King’s concerns, however.
“I’m finding out every day this is a young person’s job, not an old man’s job,” King says.
King definitely has energy to champion JMU’s successes, however.
The university had more than 37,000 applications from potential first-year students hoping to snag one of 5,000 slots in the 2024-25 school year.About 29% of this year’s freshman class is from out of state, according to King. “That’s up for us,” he says. “We’ve been down around 25% or less for a couple years.”
The school is especially popular in the Northeast and the mid-Atlantic, according to the interim president.
“We’re identified by a lot of people as a school that you can come and have a really good experience,” King brags, “And you’re going to graduate on time, and you’re going to get a job and do well.”
Cultivating innovation
The JMU Laboratory School for Innovation & Career Exploration also provides King with a reason to cheer.
A priority of Gov. Glenn Youngkin’s administration, state-designated lab schools, which partner with colleges and universities, are designed to spur innovative education programs from preschool through 12th grade. As of September, the state Board of Education has approved 15 lab schools. In 2022, the General Assembly appropriated $100 million to the Virginia College Partnership Laboratory fund to launch and support the schools.
JMU’s lab school launched in August when educators welcomed 100 ninth graders from East Rockingham and Broadway high schools. A partnership between JMU, Blue Ridge Community College and Rockingham County Public Schools, the lab school offers an interdisciplinary and project-based approach to learning, according to Donica Hadley, its executive director.
It’s had a gradual rollout. Next year, ninth graders at two of the county’s other high schools will be invited to join the lab school. “We will be up and running in all four schools, ninth through 12th grade, hopefully, in the next five years,” Hadley says.
As juniors, students at the Lab School for Innovation & Career Exploration can elect to return to their home schools or attend JMU or BRCC, she explains. “Students have the potential to walk out … with their high school diploma and also college credits on the dime of this initiative.”
Champions of JMU’s lab school tend to stress the importance of giving back to the community surrounding the university. When pressed, they will acknowledge how the lab school benefits the Dukes.
“We are known for producing schoolteachers,” King says. “The school was founded as a teacher’s college, and we produce the second largest number of schoolteachers in the commonwealth now as far as public universities.”
Undergraduate and graduate students in JMU’s College of Education can take advantage of the lab school to see what they’re learning applied in the real world, according to King.
For his work as a graduate assistant, Kevin Wheedleton, a JMU grad who is currently working toward his master’s degree in teacher leadership at his alma mater, assists students and educators at the lab school.
JMU graduate assistant Kevin Wheedleton, who earned his bachelor’s degree in elementary education, says working with Rockingham County students at the lab school provides “an opportunity for me to get to see school education at all levels.” Photo by Norm Shafer
“I am kind of the connection point between …Rockingham County and JMU,” says Wheedleton, who earned his bachelor’s degree in elementary education in May. “Since it’s a brand-new program this year, there’s a lot of moving parts and a lot of uncertainty and questions.”
Wheedleton says he’s “ecstatic” about having the opportunity to work at the lab school in its first semester.
“Not just because it’s a great thing to have on my résumé, but it’s an opportunity for me to get to see school education at all levels,” he says. “It’s been very insightful to be able to work with Donica Hadley [and] the whole lab school staff on the introduction of this great curriculum and schooling opportunity.”
Being able to take teaching candidates on tours of the lab school will likely make recruiting education professors easier too, adds Kristina Doubet, a professor in JMU’s education department.
Doubet predicts that as education students have the opportunity to work in the lab school, JMU will develop a reputation for training teachers who are open to innovation. “This is a feather in JMU’s cap.”
‘One of the greatest jobs’
Only six presidents have led JMU since its 1908 founding.
It doesn’t take a rocket scientist to understand why university presidents tend to hang around, according to board of visitors member Kay Coles James. A former secretary of the commonwealth, she was appointed to the board by Youngkin and chairs the presidential search committee that will choose King’s successor.
“When people come, they enjoy the culture, the people, the work itself, the university, and so we tend to have longevity,” she says.
Other Youngkin-appointed board members who are serving on the search committee are Republican former state Del. Richard “Dickie” Bell; retired Marine Lt. Col. Jeff Bolander; Teresa Edwards, a regional president for Sentara Health; Food City President and CEO Steve Smith; and Nicole P. Wood, a lobbyist for the Pharmaceutical Research and Manufacturers of America.
James, who was appointed by then- President George W. Bush to be director of the U.S. Office of Personnel Management in 2001, is also a former president of Washington, D.C., conservative think tank The Heritage Foundation and is an adviser to Youngkin’s Spirit of Virginia PAC. She doesn’t hesitate when asked whether she views her role as carrying out the Republican governor’s vision for the commonwealth’s universities.
“The governor does have an agenda,” she says, “and his agenda is to have one of the best quality higher ed systems in the country.”
Critics have said, though, that Youngkin is trying to exercise too much control over curriculum, whether in K-12 schools or colleges. Earlier this year, at Youngkin’s request, his education secretary’s office requested syllabi from George Mason University and Virginia Commonwealth University for courses about race, diversity, equity and inclusion. Ultimately, the two universities canceled the classes. The governor also issued an executive order in 2022 as one of his first acts in office, forbidding the teaching of “inherently divisive concepts, including critical race theory,” in Virginia K-12 public schools. As of July, the governor’s appointees make up the majority of state universities’ board members.
In addition to members pulled from the board of visitors, JMU’s presidential search committee also includes Mike Busing, dean of JMU’s College of Business; Warren Coleman, president and CEO of the JMU Foundation; Maribeth Herod, a former rector; Roger Soenksen, a professor in JMU’s School of Media Arts and Design; and Sydney Stafford, a JMU junior hailing from Bristow.
As of late August, the committee was in the exploratory phase of the search.
“We have done listening tours all across the state, listening to alumni talk about … where we are as a university right now and what are the skill sets that we need,” says James.
At the listening sessions, James has found, speakers often address similar hopes and concerns.
In 2022, the Carnegie Commission awarded JMU with a R-2 distinction, which recognizes doctoral universities with “high” research activity. Speakers at the meetings have wanted the university to continue to embrace research, James says, but to be careful not to sacrifice the university’s tradition of giving undergrads individualized attention.
At a time when higher education enrollment generally is on the decline, stakeholders have stressed it’s important for JMU’s next leader to have bold ideas about how to present the university “to not just Virginians, but to the country, as the school of choice,” she notes.
Additionally, multiple speakers have noted the next president will need to be skilled at fundraising — a necessity for presidents at nearly every university. “You cannot count on the General Assembly to produce your entire budget,” James says.
For the presidential search, JMU is working with Russell Reynolds Associates. The New York global leadership advisory firm will compile feedback from the JMU community to create a profile of what the university wants in its next president.
After that, the search committee, working with the university’s marketing and branding office, will produce a document, James explains, “that’s sort of our pitch piece, that tells why this is one of the greatest jobs in America, that tells about the opportunities that the next president of JMU will have, that will talk about the skill sets that we think we need right now and what the profile of the next president will look like.”
The search committee then will recommend a small pool of candidates, who will be interviewed by members of the board of visitors, who will offer the job to one fortunate candidate.
“It’s a great opportunity,” James says, “and a great place to work.”
JMU at a glance
Founded
A public research university in Harrisonburg, James Madison University was founded in 1908 as the State Normal and Industrial School for Women. It was renamed Madison College in 1938 in honor of President James Madison and became James Madison University in 1977. JMU’s 728-acre campus is known for its distinctive bluestone buildings, as well as Newman Lake and the university’s 125-acre Edith J. Carrier Arboretum, which has numerous gardens and wooded areas with oak and hickory trees over 100 years old. Harrisonburg, which has a population of 53,000-plus residents, is located in Virginia’s Shenandoah Valley, about 120 miles from Washington, D.C., and Richmond.
Enrollment*
Undergraduate: 21,006
Graduate: 1,752
Student profile*
Male | female: 42% | 58%
International students: 1%
Students of color: 23%
Academic Programs*
JMU offers more than 70 undergraduate programs and 30 master’s degrees, an educational specialist degree and nine doctoral degrees. Fields range from accounting and computer science to international business, psychology and nursing.
Faculty*
Full-time: 1,046
Part-time: 359
Tuition, fees, housing and dining**
$27,158 is approximate annual in-state undergraduate residential cost, including tuition, mandatory fees, housing and meal plan.
Patients in Hampton Roads will have another option for health care in spring 2025 with the opening of the 98,000-square-foot Bon Secours Harbour View Medical Center in Suffolk.
Construction is moving along on the $80 million facility, which will include 18 inpatient rooms and four operating rooms in the expansion of its existing health care campus, which already offers emergency care, imaging and lab services. Bon Secours currently operates three hospitals in Hampton Roads and seven more across Virginia.
Bon Secours isn’t the only health care system expanding in the region. Sentara Health received an $833,800 grant from the Virginia Opioid Abatement Authority in June to start a mobile care vehicle “dedicated to treatment and services for individuals with opioid use disorder,” according to a news release. The VOAA, which was established in 2021 by the Virginia General Assembly, provides publicly funded grants to combat the ongoing opioids crisis in the commonwealth. The mobile care vehicle will hit the road in early 2025 and will serve the cities of Chesapeake, Norfolk, Portsmouth, Suffolk and Virginia Beach.
In major higher education and health care news, Old Dominion University and Eastern Virginia Medical School merged in July, creating Macon & Joan Brock Virginia Health Sciences at ODU, an umbrella for all health sciences programming, including the medical school. Sentara Health is involved too, and it expects to double the number of residency positions over the next six to seven years.
In addition to increasing its residency program at Norfolk General Hospital, Sentara plans to create programs at Sentara CarePlex Hospital in Hampton and Sentara Williamsburg Regional Medical Center. Sentara committed $350 million over the next decade. It currently sponsors 240 residency positions in Norfolk and will expand that number to more than 400.
Also, ODU and EVMS are collaborating with Norfolk State University to form the Joint School of Public Health, which will award master’s and doctoral degrees in public health and health research. Li-Wu Chen, a former health sciences professor at the University of Missouri, was hired in March as its first dean.
Meanwhile, Sentara’s health insurance arm remains the focus of a three-year-plus federal civil investigation into whether it inflated premium rates for Affordable Care Act customers in Charlottesville in 2018 and 2019. Sentara has denied the allegations, saying it’s being unfairly targeted and had stepped into the market to prevent vulnerable Virginians from losing health care coverage.
Elsewhere in the region, Chesapeake Regional Healthcare announced a $3.7 million state grant to build the first psychiatric emergency program in Chesapeake. The program, which will occupy space in the hospital’s emergency department, will focus on patients suffering from behavioral health crises and is set to open in December. Chesapeake Regional also debuted its open-heart surgery program in April after a five-year quest for approval.
Riverside Health System announced an upgrade to its Leksell Gamma Knife at the Riverside Radiosurgery Center in Newport News, when it implemented Elekta Esprit technology in July. The upgrade will benefit patients undergoing treatment for brain metastases from other cancers, according to a release.
Riverside also announced leadership for the Riverside Smithfield Hospital that is set to open in early 2026; Dr. Justin Billings, a physician at Riverside Regional Medical Center in Newport News, will serve as the Smithfield hospital’s chief medical officer, and Michelle Wooten will become the hospital’s first chief nursing officer.
Despite complications including a run-in with an abandoned anchor, workers are now back at it, constructing the Chesapeake Bay Bridge-Tunnel‘s second tunnel across the Thimble Shoal Channel.
As of July, the bridge-tunnel’s expansion from one tunnel to two is set to be finished in 2027 — five years later than expected and 10 years after work started — and will cost about $817 million, up $60 million from original estimates.
The culprit? An antique anchor in the tunnel boring machine’s path. Nicknamed Chessie, the boring machine started excavating in the Thimble Shoal Channel in February 2023, and about 750 feet down in the tunnel, Chessie struck an anchor dropped more than 70 years ago, according to Thomas Anderson, deputy executive director of finance and operations for the CBBT project.
The anchor’s manufacturer was identified as W.L. Byers Co., a British anchor maker in the 19th and 20th centuries, Anderson says. The obstacle in Chessie’s way, though broken into pieces, was approximately 10 feet tall and five feet wide in totality. Larger pieces of the anchor were recovered.
“There’s a couple pieces that they haven’t accounted for, but they were all fairly small,” Anderson explains. “We figured they either got ingested by the machine and we just didn’t see them come out on the conveyor belt, or they got pushed to the side [by the machine]. … They were able to recover most of it, though.”
Back in action
The $3.9 billion Hampton Roads Bridge-Tunnel expansion underway — in which Mary, its tunnel boring machine, completed work on one of two new tunnels in April — is the larger and more high-profile project, but the CBBT expansion is also significant for both the Virginia Department of Transportation and Hampton Roads commuters looking forward to less gridlock.
The Chesapeake Bay Bridge-Tunnel’s expansion, when complete, will have a parallel two-lane tunnel alongside the existing immersed tube tunnel that connects two islands along the Thimble Shoal Channel, with southbound traffic in the new tunnel and northbound in the older tunnel.
Having two tunnels makes life easier for commuters, whose drives are often impacted by accidents or road maintenance, Anderson notes.
Anderson says that Chessie’s anchor strike caused significant damage to the boring machine, and the majority of the tools on the machine’s cutterhead had to be replaced by the crew before it could start work again, as well as removing the anchor from the tunnel’s path, a $60 million cost that is expected to be covered at least in part by insurance.
“The final amount … is yet to be determined because that anchor strike is an insured event, so it’s not up to us necessarily,” Anderson explains. “It’s up to the contractor to settle with the insurance companies. The final amount of that settlement hasn’t been negotiated yet. But we expect to receive the majority of that cost back in insurance proceeds.”
The anchor issue came up after other complications and delays — including issues related to granite boulders used to build the CBBT six decades ago — had already pushed the completion date from 2022 to 2024. Now the expected completion date is late summer 2027, according to Anderson.
As of April, Chessie has resumed its intended journey, 14 months after the anchor strike, and the machine had completed about half of the digging required for the 43-foot-wide, 6,350-foot-long tunnel as of July.
Also, workers on the two channel islands — known as No. 1 and No. 2 islands — have finished constructing the launching and receiving pits where Chessie now enters and exits the new tunnel, and where traffic will one day flow. Other projects underway or recently finished include roadway slabs and engineered berms on both islands. Later in the process, workers will construct the roadway, the tunnel’s electrical and mechanical systems, and support buildings, according to the CBBT’s website.
Toll revenue, the CBBT’s general fund, and state and federal funds — including a loan of up to $338.6 million from the federal government in November 2021 — are funding the project. One day, the state hopes to expand the second tunnel further, connecting two islands on the Chesapeake Channel.
“We don’t expect to be able to afford to build the second [tunnel] at Chesapeake Channel until sometime in the mid-2030s,” Anderson says.
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.
Smithfield Europe, now called Morliny Foods, will operate as a subsidiary of the WH Group, like Virginia-based Smithfield Foods.
“It’s the right time to establish our North American and European operations as stand-alone businesses empowered to execute distinct strategies addressing different market environments and opportunities,” Smithfield Foods President and CEO Shane Smith said in a statement. “In doing so, we provide our respective management teams with increased decision-making agility, optimizing the performance and prospects for each business.”
A spokesperson for Smithfield declined to provide further details.
Smithfield Foods was delisted on the New York Stock Exchange after WH Group purchased the company in 2013 for $4.7 billion. On July 14, the parent company announced that Smithfield Foods businesses operated in the United States and Mexico would be listed on either the New York Stock Exchange or Nasdaq.
S&P Global Ratings released a research update the same day as the announcement that stated Smithfield Foods’ credit profile has been unaffected by the European carveout and that WH Group is likely to remain in charge of the business.
“While we are aware of WH Group’s proposal to list Smithfield on a U.S. stock exchange, we currently believe the parent would maintain a substantial long-term majority stake in the business,” the credit reporting agency said. “As such, we continue to believe Smithfield remains important to the group’s long-term strategies and is unlikely to be sold.”
The largest pork producer in the United States, Smithfield has about 35,000 employees nationwide, according to a company spokesperson.
In January 2023, Gov. Glenn Youngkin made headlines for taking the Southern Virginia Megasite at Berry Hill out of the running for a $3.5 billion Ford Motor Co. electric vehicle battery factory over concerns about a project partner’s ties to the Chinese government. The same year, he signed a bill prohibiting foreign adversaries of the United States from “acquiring or transferring any interest in agricultural land.”
In March 2023, Smith told The Wall Street Journal that Smithfield Foods is “as American today as we were in 2013.”
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 access to the 300-acre site.
“It was the last big thing that we needed,” says Amanda DiMeo, Staunton’s economic development director.
Staunton Crossing is located at the junction of Interstates 81 and 64 with a mile of interstate frontage. The city and its economic development authority expect it will attract companies that will provide high-paying jobs, boost tax revenue and help “put Staunton on the map,” DiMeo says.
Target industries include light manufacturing; logistics and transportation; food, beverage and agriculture; professional services; data centers and IT; and industries using rail transportation.
“We’re hearing from the state that people are asking for Staunton Crossing, so our name is getting out there,” DiMeo says. “I think it’s because of the proximity to the different markets along the East Coast, and then what we have to offer here. It’s a prime spot.”
At Staunton Crossing, all infrastructure is in place or will be deliverable within 12 months, and all permitting issues have been identified. Some sections are ready for occupancy, and one company is in negotiations. Completing water and sewer access elsewhere will take time, so the site is being marketed as ready for development in 12 to 18 months, DiMeo says.
Staunton’s involvement with the property dates to 2009, when the EDA spent $15 million in a land-swap deal with Western State Hospital. The city sold the first 25 acres to Staunton Crossing Partners in 2016. That parcel now has two hotels, four restaurants and a 7-Eleven, and generated $4.35 million in tax revenue from 2000 to 2023, according to a county report.
“They just purchased a 4.9-acre triangular piece that will attach to what they already have, and they’re still working on more development there,” says DiMeo.
Staunton Crossing is “a very attractive product” for the Staunton-Waynesboro Metropolitan Statistical Area, says Shenandoah Valley Partnership Executive Director Jay Langston. “There is no doubt in my mind that we will be able to attract the kind of targets that we are after. The return on investment will be very good.”
Virginia Beach-based law firm Melone Hatley hired its first employee in spring 2021. Three years later, it now has a staff of 50 people and could reach as many as 60 by the end of this year, says Rebecca Melone, the firm’s managing partner.
That growth is part of a strategy that Melone and her business partner, Charles Hatley, hatched in 2020, a few years after founding their firm.
“We didn’t want our business to just be the two of us doing everything forever,” Melone says. “We wanted to really build something.”
That “something” has landed the firm at No. 202 on the 2024 Inc. 5000 list, Inc. magazine’s annual ranking of the nation’s fastest-growing privately held companies by percentage revenue growth. The firm is the top-ranked Inc. 5000 company in Hampton Roads this year, leaping to No. 202 from No. 575 in 2023, and lodging a 1,998% growth rate in revenue during the past three years, up from 1,032% the previous year.
A total of 265 Virginia companies made Inc.’s list, and 24 of those are in Hampton Roads. Sixteen are repeat honorees, running the gamut from legal, security and government services to insurance, real estate, engineering, construction and more.
Melone Hatley was established as a family law firm in 2014, and it has followed the needs of its clients, branching into estate law. In addition to offices in Virginia Beach, Richmond, Loudoun and Fairfax counties and Charlotte, North Carolina, it added an office in Tampa, Florida, during the summer, and could expand to the Midwest by the end of the year, with its sights set on going international in the future, Melone says. The company’s growth will also require adding another layer of management, she adds.
Choice Financial Group, a Virginia Beach-based insurance brokerage with a footprint spanning from New Hampshire to Florida, Ohio and Arkansas, landed at No. 1,174 on Inc.’s list this year, up from No. 1,693 last year. The firm reported 436% growth over the past three years. CEO Bob Hilb attributes about 85% of the firm’s revenue growth to seven completed company acquisitions this year, with a projected 11 to 13 purchases by the end of 2024. Another contributing factor is increased revenue from higher insurance premiums, he says.
Hilb points to the average age of Choice Financial’s partners, 46, as giving the firm an edge.
“We have this real youth and vitality that a lot of our competitors don’t have, and it’s really neat,” Hilb says. “It’s folks that kind of see the vision and are really excited about it, and that also drives a lot of our growth as well.”
Another local Inc. 5000 company, British Swim School, formed in Manchester, England, in 1981 but has been headquartered in Virginia Beach since 2019, when Buzz Franchise Brands, also based in Virginia Beach, became its majority owner. A year later, the world plunged into the pandemic, and demand for swim lessons tanked.
But demand has rebounded post-pandemic, and word of mouth has helped, President Ashley Gundlach says, with the company adding 40 new franchisees in 2024. The company ranked No. 977 on Inc.’s list this year, with 521% three-year revenue growth. Buzz Franchise Brands also snagged Inc.’s notice, ranking No. 1,309 with 395% revenue growth over the past three years.
British Swim School offers swim instruction to all ages, including basic water survival skills, and the franchise reaches more than 450 pools in the United States and Canada, with more than 180 franchisees, Gundlach says.
Despite its growth, the company isn’t building massive pool complexes; instead, its model is based on using pools in hotels or fitness centers that might not see round-the-clock use. The company will likely sell out in available spaces in Canada this year, and it is focusing now on markets where it has less presence, like Boise, Idaho; Omaha, Nebraska, and Oklahoma City.
“When you have happy customers, you have more people who are inquiring about becoming an owner themselves,” Gundlach says.
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, the developer planning to build a potential $1 billion-plus data center campus on a 946-acre tract in Ringgold. During its July 16 meeting, the Pittsylvania County Board of Supervisors unanimously voted to rezone the tract for heavy industrial use to allow for the project. Construction could begin on the project’s first phase by mid-2025 to early 2026.
Currently, the only hyperscale data center campus in Southern Virginia is the 1.1-million-square-foot Microsoft data center complex in Boydton, about an hour east in Mecklenburg County.
“I think it’s a golden opportunity for [Pittsylvania] to get in on the game,” says Gallagher, who is also a principal in a $550 million mixed-use development proposed for Pittsylvania’s Axton area.
No tenant has been announced for the data center campus yet, but Pittsylvania’s economic development director, Matt Rowe, hopes Anchorstone’s project will be “the tip of the spear” for attracting more data centers southward.
“We recognize there’s tremendous opportunity for Southern Virginia when it comes to attracting hyperscale data centers,” Rowe says. “Northern Virginia is pretty much tapped out from a power standpoint [and] from a land standpoint, so we … become the next best option,” due to the region’s available land, low tax rates and proximity to subsea high-speed internet cables in Hampton Roads and QTS’s network access point in Henrico County.
“Counties like ours need the types of direct [tax] revenue that come from these projects,” says Rowe, “and we have the available land mass and space where they can do it at scale without impacting a lot of adjacent property owners.”
That said, some residents did express concerns to the county about potential increases in traffic, light and noise that might come from Anchorstone’s data center campus, which is expected to receive its data center use permit from the county Board of Zoning Appeals by year’s end.
Anchorstone has agreed to comply with county noise ordinances and to reduce light pollution, says Gallagher, noting that the campus also will have direct access to U.S. Route 58, so it won’t impact residential roads. “Most [residents] won’t even know it’s there.”
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.