NEWS RELEASES
Breaking ground, making headlines
Stay up to date on the latest announcements, milestones, and economic development news from across Virginia. Explore press releases highlighting the partnerships, investments, and stories driving growth throughout the Commonwealth
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07.22.2026
Hepburn and Sons Announces $18+ Million Expansion in Prince William County
Virginia-Based Firm to Create 80 New Jobs in the Commonwealth
06.30.2026
Rural King Invests $40M in Henry County
Distribution center to create 150 new jobs for Virginians
06.12.2026
RINGANA Establishes First U.S. Headquarters in Roanoke
New $85M investment will create 435 jobs in Virginia
Interstate 81, Shenandoah County
06.04.2026
Virginia Solar Panel Startup Invests $23M in Shenandoah County
Vertically integrated solar panel manufacturing company to create 150 new jobs
06.02.2026
Spatial Front Relocates Headquarters, Creating 450 New Jobs
IT Services Firm will invest $6M in National Landing
05.22.2026
Innovative Defense Technologies Invests $19M to Expand Arlington Headquarters
Investment to create 210 jobs, doubling the company’s Virginia workforce
05.15.2026
Innovative Refrigeration Systems Expands with $19 Million Investment in Augusta County
Industrial Ammonia and CO₂ Refrigeration System Manufacturer to create 214 new jobs
04.13.2026
Eli Lilly and Company Invests $5 Billion in Virginia
RICHMOND, VA — Eli Lilly and Company, a global leader in pharmaceutical innovation, is moving forward with plans for a $5 billion state-of-the-art manufacturing facility that will generate 650 high-wage jobs and 1,800 construction jobs at the West Creek Business Park in Goochland County.
03.04.2026
Richmond National Group Expansion to Create 75 New Jobs
Specialty insurance provider continues expansion with $1.75 million investment
02.17.2026
Defense Technology Firm GRVTY Invests $8 Million to Expand Northern Virginia Operations
Expansion Will Create 200 New Jobs in Virginia
LS Cable & System USA Announces $689 Million Investment in Chesapeake
Project is expected to be the largest capital investment in the history of the Hampton Roads region
Eaton Expands with Over $50 Million Investment in Henrico County
Manufacturer of critical power solutions expected to create 200 new jobs
Modine to Establish Heating Division Headquarters in Buena Vista
$19.6 million expansion will create 57 new jobs
11.05.2025
CEL Critical Power Opens First American Manufacturing Facility in James City County
CEL Critical Power, a global provider of critical power solutions, will invest $5.225 million to establish the company’s first American manufacturing facility in James City County, creating 260 new jobs.
10.30.2025
Anchor Innovation Expands Operations in Virginia Beach
Investment set to expand the company’s capacity for both military, industrial, and recreational customers
10.20.2025
Merck to Establish $3 Billion Center of Excellence for Pharmaceutical Manufacturing in Rockingham County
U.S.-based pharmaceutical leader makes $3B investment, creating 500 jobs
10.09.2025
AstraZeneca Selects Albemarle County for $4.5 Billion Investment
AstraZeneca will invest $4.5 billion to establish two new manufacturing facilities in Albemarle County, creating 600 direct jobs and the company's largest single investment in a facility to date.