Virginia Business

Virginia Business is the sole publication in the state that focuses entirely on commercial news within the commonwealth. Established in 1986, this monthly magazine has received numerous awards for its insightful and thorough reporting. Each issue reaches over 75,000 readers, including high-ranking executives and political leaders at both state and local levels.

National, Trade/B2B

English

Magazine

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Global

#688884

United States

#164421

Law and Government/Law and Government

#395

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Articles

QualiChem to invest $9M in Salem expansion

1 day ago | virginiabusiness.com | Josh Janney

Salem-based metalworking fluids manufacturer QualiChem will invest $9 million to expand its operations with a new 48,550-square-foot facility and create 12 jobs, according to a Tuesday announcement. The company plans to move its administrative offices and laboratory operations from its existing facility at 2003 Salem Industrial Drive into a newly acquired office building at 616 Idaho St. in Salem.
Virginia Chamber adds two execs to its team

2 days ago | virginiabusiness.com | Josh Janney

The Virginia Chamber of Commerce on Monday announced that Carter T. Whitelow is joining its team as vice president of government relations and Sarah Muse is joining as director of marketing and brand management. Virginia Chamber President and CEO Cathie J. Vick said in a statement that the chamber was excited to welcome Whitelow and Muse to the organization.
Henrico supervisors approve permit for St. Mary's expansion

2 days ago | virginiabusiness.com | Josh Janney

SUMMARY:The Henrico County Board of Supervisors approved a provisional use permit tied to the $370 million expansion of St. Mary’s hospitalThe permit allows Bon Secours to build a structure exceeding 110 feet in height and allows it to relocate an existing accessory helipad from the ground to the roof.
Northern Virginia sees surge in housing inventory

3 days ago | virginiabusiness.com | Josh Janney

The Northern Virginia housing market saw a nearly 70% increase in active listings in April, compared with 2024, the Northern Virginia Association of Realtors reports. NVAR data released Tuesday shows that Northern Virginia saw a 69% increase in active monthly real estate listings from last year, reaching 2,508 properties.
Saddle Creek Logistics to lay off 54 Richmond employees

3 days ago | virginiabusiness.com | Josh Janney

Florida-based Saddle Creek Logistics Services plans to lay off 54 employees at its Richmond location in July. Saddle Creek, in compliance with the Worker Adjustment and Retraining Notification (WARN) Act, notified the state Friday of plans for a mass layoff at the Richmond site at 4701 Commerce Drive. Human Resources Director Stacey Loyd wrote in a letter to Virginia Works Rapid Response State Coordinator Brett Tavel that the layoffs are expected to be permanent.
BWXT CFO steps down

3 days ago | virginiabusiness.com | Josh Janney

SUMMARY:Robb A. LeMasters has stepped down from his position as executive vice president and chief financial officer for Lynchburg-based BWX Technologies. BWXT has named Chief Accounting Officer Mike T. Fitzgerald as the interim CFO. LeMasters will continue to serve the company as a special adviser during the transition. Lynchburg-based nuclear components and fuel supplier manufacturer BWX Technologies on Monday announced that Robb A.
ServicePower acquires French tech company

4 days ago | virginiabusiness.com | Josh Janney

McLean-based field service management software company ServicePower announced last week it had acquired France-based technology company Inveniam. The transaction closed on May 6. The companies did not disclose financial details. Headquartered in Paris, Inveniam specializes in AI-powered computer vision technology.
Virginia unemployment claims rise amid federal layoffs

6 days ago | virginiabusiness.com | Beth JoJack

SUMMARY:Over 121,000 federal employees have faced layoffs or have been targeted for layoffsVirginia’s initial unemployment claims rose 8.1% in one week. Expert expects to see reduction in the state’s administrative services jobsWeldon Cooper Center predicts rising unemployment in Virginia through 2025 A recent spike in Virginia unemployment claims can likely be traced to sweeping federal layoffs under the second Trump administration.
Norfolk casino developer pledges $1M to NSU

6 days ago | virginiabusiness.com | Katherine Schulte

The gaming company behind the $750 million Norfolk casino pledged $1 million to Norfolk State University to support its business school’s tourism and hospitality management program. Boyd Gaming, which is developing the still-unnamed Norfolk casino with the Pamunkey Indian Tribe, will be the title sponsor of NSU‘s Boyd Gaming Department of Tourism & Hospitality Management, the company announced Friday.
CoStar to purchase Australian property listings platform for $1.9B

1 week ago | virginiabusiness.com | Kate Andrews

Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire Domain, an Australian property listings platform, for 3 billion in Australian dollars, or $1.9 billion in U.S. dollars. CoStar owns a 16.9% stake in Domain, which it purchased in February. Domain is currently valued at approximately $1.7 billion, and under the terms of the contract, CoStar has agreed to pay Domain shareholders AU$4.43 per share, or $2.85 in American money.