Virginia Business
@VirginiaBiz
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Virginia Business is a monthly magazine with a mix of reporting on the economy, public policy, law and higher education.
Virginia
Joined April 2009
Judge orders Averett dispute to arbitration.
virginiabusiness.com
Averett University must resolve its $20M endowment dispute with ex-CFO and investment firm GSIS through arbitration, per federal court order.
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๐๐ฟ๐ผ๐บ ๐ผ๐๐ฟ ๐๐๐ด๐๐๐ ๐ฝ๐ฟ๐ถ๐ป๐ ๐ฒ๐ฑ๐ถ๐๐ถ๐ผ๐ป.Salem manufacturers plan expansions.
virginiabusiness.com
Integer Holdings, Novonesis, and QualiChem expand in Salem, boosting jobs and investing in high-tech manufacturing, biotech, and chemicals.
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Virginia Beach solicits development proposals near convention center.
virginiabusiness.com
The Virginia Beach government is seeking proposals from developers for a commercial or residential project near the cityโs convention center.
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๐ฝ๐ง๐๐๐ ๐๐ฃ๐: ๐๐ ๐๐. ๐๐ช๐จ๐๐ฃ๐๐จ๐จ๐ข๐๐ฃ ๐๐ฃ๐ ๐ฅ๐๐๐ก๐๐ฃ๐ฉ๐๐ง๐ค๐ฅ๐๐จ๐ฉ ๐๐๐๐ก๐ค๐ฉ๐๐ก๐๐ฃ ๐๐๐๐จ.
virginiabusiness.com
Jim McGlothlin, a former coal magnate, backer of the state's first casino and a prominent philanthropist, has died at the age of 85.
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New Sentara and VWU college to launch in January.
virginiabusiness.com
Sentara Health and Virginia Wesleyan University announced on Wednesday that their new college will launch in January 2026.
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Solar-powered Flying Squirrels stadium on way.
virginiabusiness.com
Dominion Energy will install solar panels at the Richmond Flying Squirrelsโ new stadium, powering 250 homes
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Virginia tourism hits $35.1B record spending in 2024.
virginiabusiness.com
Virginia tourism generated $35.1B in 2024, with 44.7M overnight visitors and $2.5B in tax revenue
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Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent.
virginiabusiness.com
Trump shortlists four candidates for Federal Reserve chair, naming Kevin Warsh and Kevin Hassett as contenders after Kuglerโs resignation.
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Don't forget to nominate for the In-House Counsel Awards!.๐ Nominate before August 15th: These awards celebrate in-house counsel who represent their companies in high-stakes litigation and defend their organizationโs most important assets.
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Palantir books its first $1 billion in quarterly sales and dodges DOGE axe.
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Not wasting away: Hooker Furnishings to launch Margaritaville collection.
virginiabusiness.com
Hooker Furnishings will launch the Margaritaville home collection at High Point Market, thanks to an exclusive licensing partnership.
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Virginians spend $478M in June sports wagers.
virginiabusiness.com
Virginians bet about $477.85 million on sports in June, 15% more than they bet in June 2024, according to Virginia Lottery data.
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๐๐ฅ๐๐๐๐๐ก๐: ๐จ.๐ฉ๐ฎ.โ๐ ๐ป๐ฒ๐ ๐ถ๐ป๐๐ฒ๐ฟ๐ถ๐บ ๐ฝ๐ฟ๐ฒ๐๐ถ๐ฑ๐ฒ๐ป๐ ๐ถ๐ ๐ณ๐ผ๐ฟ๐บ๐ฒ๐ฟ ๐น๐ฎ๐ ๐ฑ๐ฒ๐ฎ๐ป.
virginiabusiness.com
The University of Virginia Board of Visitors tapped former U.Va. School of Law Dean Paul G. Mahoney as its interim president.
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Tesla grants Musk $29B in stock after court setback.
virginiabusiness.com
Tesla awards Elon Musk $29B in restricted stock, months after a judge voided his prior pay deal over sham negotiations with directors.
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๐๐ฅ๐๐๐๐๐ก๐ ๐ก๐๐ช๐ฆ: Embattled GMU president survives board meeting with pay raise.
virginiabusiness.com
GMU President Gregory Washington was not ousted at a board of visitors meeting but instead was given a raise.
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Report: DOGE responsible for nearly 290k job cuts.
virginiabusiness.com
A Thursday report revealed that United States-based employers have cut more jobs so far this year than in all of 2024.
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๐๐ฅ๐๐๐๐๐ก๐ ๐ก๐๐ช๐ฆ: Virginia firm to build $200M White House ballroom promoted by Trump.
virginiabusiness.com
The White House announced Thursday that it would add a $200 million, 90,000-square-foot ballroom to the people's mansion.
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Trump administration cancels plans to develop new offshore wind projects.
virginiabusiness.com
The Trump administration cancels 3.5M acres of offshore wind areas, ending lease plans as part of its broader rollback on clean energy.
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๐๐ฅ๐๐๐๐๐ก๐ ๐ก๐๐ช๐ฆ: CoStar sues Zillow for alleged copyright infringement.
virginiabusiness.com
CoStar Group has sued Zillow, claiming that the real estate website is using its copyrighted images illegally.
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๐๐ฟ๐ฒ๐ฎ๐ธ๐ถ๐ป๐ด ๐ก๐ฒ๐๐: ๐๐ผ๐ป๐ด๐ฟ๐ฒ๐๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฐ๐ผ๐บ๐บ๐ถ๐๐๐ฒ๐ฒ ๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ๐ ๐๐ ๐จ ๐ฝ๐ฟ๐ฒ๐๐ถ๐ฑ๐ฒ๐ป๐ ๐๐ฒ๐๐๐ถ๐ณ๐.
virginiabusiness.com
George Mason University President Gregory Washington has now been called to testify before the GOP-controlled House Judiciary Committee.ย
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