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Compound growth
Va. cements status as world defense industry epicenter
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As U.S. stocks hit bear market territory last year, Virginia’s largest publicly traded companies weathered rising interest rates, inflation and continued supply chain and labor challenges. Rising home mortgage rates
The big freeze
Governor flattens state tuition rates
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Given pandemic-caused interruptions, college students have been through a lot so far this decade, but one silver lining at many Virginia schools has been frozen tuition. Virginia Gov. Glenn Youngkin
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Playing defense
Raytheon, Boeing HQs add to regional strength
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What’s in a name? Perhaps a lot if you’re riding on the coattails of Boeing Co. and Raytheon Technologies Corp. The May and June 2022 announcements that Fortune 100 contractors
Filling in
Empty facilities attract business expansions
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Industrial real estate is a hot commodity in Southwest Virginia. “It’s hard to find available space of anything that’s above 15,000 to 20,000 square feet,” says Jonathan Belcher, executive director
A titanic win
IperionX brings $82M titanium plant to Halifax
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After enduring the exodus of companies like Burlington Mills and Daystrom Furniture over the past two decades, Halifax County is celebrating its biggest manufacturing announcement in decades — the arrival
Surgical precision
EVMS merger on way to reality
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Like many other businesses, health care systems are constantly consolidating and forging partnerships to create synergy. In 2022, one of Virginia’s longest awaited agreements finally crystallized: a merger between Eastern
DroneUp takes off
Aerial drone firm partners with Walmart, adds 650+ jobs
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Virginia Beach’s DroneUp LLC is riding the leading edge of the unmanned aerial vehicle industry wave. Founded in 2016, the company, which specializes in commercial drone delivery, flight services and
A time to build
Manufacturing drives Shenandoah Valley’s growth
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The Shenandoah Valley Partnership had more economic development activity than “anyone anticipated in 2022,” says Jay Langston, the partnership’s executive director. During the calendar year, the partnership saw close to
A sampling of Virginia’s major road projects
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HAMPTON ROADS Hampton Roads Bridge-Tunnel Expansion Project Work continues on Virginia’s largest highway construction project, the $3.9 billion Hampton Roads Bridge-Tunnel (HRBT) expansion. The contract ends in November 2025, but
Paying it forward
Health care, arts giving thrives in Va.
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In the last year, Virginia philanthropists continued making generous donations toward health care research, while others maintained their longstanding support of art museums. Leading the pack were two nine-figure donations
