April 2023

Cover Story

Falling short

Accounting firms feel labor squeeze

“It’s a war. Everyone is fighting for the same talent,” says Fran Randall, Richmond market leader for Forvis. About 300,000 U.S. auditors and accountants left the workforce since 2020. There were about 1.5 million auditors and accountants working nationally last year. Photo by Caroline Martin

In the accounting field, the books are out of balance. Demand for the profession’s services is rising, which is one for the assets column, but on the debit side of…

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Opinion

Is ESG another CRT?

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In January, Virginia Attorney General Jason Miyares joined a group of 24 other state attorneys general in challenging a U.S. Department of Labor rule allowing fiduciaries to consider environmental, social…

From This Issue

ASM Global will operate an arena that will be the centerpiece of the planned $2.3 billion GreenCity project in Henrico. Rendering courtesy GreenCity Partners LLC

Wheels rolling on Henrico arena

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Plans for a 17,000-seat arena in Henrico County are rolling forward, now with an international operator, ASM Global, on board. The centerpiece of the $2.3 billion GreenCity development, the venue…

APRIL 2023 OUT AND ABOUT

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On Feb. 3, Virginia Business held a luncheon at the Boar’s Head Resort in Charlottesville for the magazine’s 13th annual Best Places to Work Awards, compiled in collaboration with Best…

The avian flu outbreak has reached Virginia, leading to about 36,800 turkeys being euthanized in Rockingham County. Photo by Associated Press/Janet Hostetter

Avian flu outbreaks strike Va. farms

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For almost a year, Virginia poultry farms managed to avoid the nation’s worst-ever avian flu outbreak, but in January, the virus struck a commercial turkey operation in Rockingham County, prompting…

An economic development authority could help the town of Wise develop property and receive grants, says Reagan Walsh, the town’s planning and zoning administrator. Photo by Earl Neikirk

Planned Wise EDA will spur downtown growth

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Establishing an economic development authority might pave the way for new businesses in the town of Wise, local officials believe. EDAs can provide educational programs and mentoring to entrepreneurs, as…

Dominion Energy’s Scott Solar energy farm in Powhatan County also includes a pilot battery project with 12 megawatts of storage. Battery storage will be key to reliability and stability as Virginia’s grid transfers to renewable energy sources in the coming decades, industry experts say. Photo courtesy Dominion Energy Inc.

Balance of power

Grid transformation offers challenges, opportunities

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Chris Rawlings was a mechanic who wanted to be a pilot. He left the Marine Corps in 2008 after deploying twice to Iraq, where he supervised an aircraft maintenance team,…

April 2023 For The Record

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CENTRAL VIRGINIA Henrico County-based Altria Group Inc. has entered into a definitive agreement to acquire e-vapor maker NJOY Holdings Inc. for approximately $2.75 billion in cash, with a potential additional…

Virginia 500 Spotlight: M. SANJAYAN

CEO, Conservation International, Arlington County

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BEST ADVICE YOU HAVE TO GIVE TO OTHERS: To drive change, focus on what’s possible — despair doesn’t drive action; it drives apathy. HOBBY/PASSION: If you’ve lived in Africa, you’ve…

April 2023 Top Five

The top five most-read daily news stories from Feb. 14 to March 13

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The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 included an update on the Lego Group’s Chesterfield County factory, which is expected to begin…

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