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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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
05.29.2026
Hyper Solutions Expands Operations With $2 Million Investment in Henrico County
Digital infrastructure company to create 56 new jobs for Virginians
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
Fairfax County
05.04.2026
TurbineOne Relocates Headquarters to Fairfax County
AI-focused defense tech company to establish experience center in Chantilly
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.
03.30.2026
Blue Sky Innovators Expands Virginia Footprint with $7 Million Investment
Defense technology company to create 175 new jobs at Reston office
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.
10.20.2025
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.
09.16.2025
ABB Expands in Henrico County
Global technology leader in electrification and automation will invest $28.5 million, creating 100+ jobs
09.11.2025
Systems Planning & Analysis Expands Significantly in Northern Virginia
Investment includes an expansion of SPA's global headquarters in the City of Alexandria and its intelligence program office in Fairfax County
09.04.2025
Hitachi Energy Brings Historic Investment to South Boston
$457 million to go into large power transformer production facility in South Boston, Virginia, creating 825 new jobs as part of the company’s broader $1 billion investment in U.S. expansion
07.03.2025
Stratos Solutions Inc. Expanding Office Space in Fairfax County
Technical services company will invest $1.58 million, creating 28 jobs
06.27.2025
22nd Century Technologies Inc. Expands Headquarters in Fairfax County
IT services leader to invest $1 million, creating 880 new jobs in Fairfax County and offices across Virginia