Virginia Economic Review

The Commonwealth of Virginia has existed as a business venture since its inception in 1607, when the Virginia Company of London formed a joint-stock company to bring profits to shareholders and establish an English colony in the New World.

Virginia’s higher education system, consistently ranked as one of the best in the country, is well established as an elite talent incubator. But the Commonwealth’s universities, both public and private, also serve as a launching pad for startup companies.

Paul's Fan Company in Buchanan County was founded in 1958 as a small machine shop servicing the coal mining industry. It evolved over the years to focus on improved mine ventilation, producing turnkey industrial ventilation solutions for companies.

Tom Walker is the founder and CEO of DroneUp, a provider of drone delivery and flight services that has operated out of Virginia Beach since its founding in 2016.

When executives at Traditional Medicinals decided to build an East Coast manufacturing and processing operation, they cast a wide net.

The field of cybersecurity is as old as the computer, but it’s only in the past decade that it went from being a periphery issue to a cornerstone of government budgets and one of the fastest-growing career fields.

The Innovative Virginia Cyber Range is Giving Students in Virginia — and Beyond — a Chance to Hone Their Cybersecurity Skills Between 2010 and 2014, the U.S.

Virginia is a national leader in the cybersecurity and technology industries, offering tech firms access to the highest concentration of tech talent and the third-largest tech industry workforce in the country.

Steve Morgan is the founder of Cybersecurity Ventures, a leading cybersecurity research company that provides data and insights on global cybercrime to C-suite executives, and editor-in-chief of Cybercrime Magazine. Before starting the company, he worked for antivirus giant McAfee Corp.

Virginia Universities' Transdisciplinary Research is Driving Digital Security Advancements The world’s increasing connectivity offers more opportunity for cybercriminals. The FBI’s 2020 Internet Crime Report cited a 69% increase in complaints of suspected cybercrimes.

Luiz DaSilva is executive director of the Commonwealth Cyber Initiative (CCI) and Bradley Professor in Cybersecurity at Virginia Tech. Before coming to Virginia, he served as the director of CONNECT, a telecommunications research center at Trinity College Dublin.

2020 saw a number of records broken when it comes to the amount of data lost in cyberattacks. Damages from these attacks are projected to carry a global cost of $6 trillion annually, up from $3 trillion in 2015, reports Cybersecurity Ventures — and it’s only going to go up from here.

2021 started off with a cybersecurity boom: The White House officially blamed Russia for the SolarWinds hack, where its foreign intelligence service compromised a software supply chain to spy on thousands of targets, from Microsoft and FireEye to the U.S.

Kevin Scott is chief technology officer and executive vice president, technology and research, at Microsoft, and the author of the 2020 book “Reprogramming the American Dream: From Rural America to Silicon Valley — Making AI Serve Us All,” which discusses how artificial intelligence can promote growth and benefit all of society.

Rita McClenny is president and CEO of the Virginia Tourism Corporation (VTC), the agency tasked with expanding domestic and international inbound travel and motion picture production in Virginia.