Virginia Economic Review

This issue of Virginia Economic Review takes a deep dive into the controlled environment agriculture industry’s past, present, and future, while highlighting traditional agricultural operations in Virginia.

When The Turman Group began focusing on exporting nearly 20 years ago, company executives had goals and anxieties that are likely familiar to businesses that have taken similar steps.

Controlled environment agriculture (CEA) describes a variety of systems that use technology to provide optimal growing conditions for crops, from simple hoop houses and traditional greenhouses to fully indoor vertical farms.

In 2001, when cousins Ryan and Travis Croxton took over their family’s 100-year-old oyster bed leases on Virginia’s Middle Peninsula, the Commonwealth’s oyster industry was on life support.

Consider the strawberry. Its skin, slightly glossy in a deep crimson hue, warmed by gentle light. A burst of sweet juice when first pierced by the teeth, giving way to tart flavors and a subtly gritty texture from dozens of tiny seeds.

Labor shortages have long been a challenge in agricultural operations, spurring innovative new ways of operating. Today’s farms rely as much on GPS-guided technology and artificial intelligence-driven automation as they do on manual labor.

Any discussion about Virginia peanuts needs to start with a clarification between Virginia peanuts and Virginia Peanuts. The lowercase former refers to peanuts grown in the Commonwealth; the capitalized latter is one of four peanut cultivars grown in the United States.

Agriculture is Virginia's oldest, largest private industry.

Just outside the city of Danville, Virginia, sits a farm unlike any of its neighbors. Tucked into the tree line, it stands 50 feet high, sleek, and solid white, standing out from the long, thin rows of tilled fields that surround it.

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.

Why So Many Executives Choose Virginia for Their Corporate Headquarters The last few decades have solidified Virginia’s position as America’s hometown for corporate headquarters. In total, 580 companies have relocated to or expanded headquarters offices in Virginia in the last decade.

International Companies Find Advantages in Locating U.S. Headquarters in Virginia Foreign companies looking for a launching point to serve the U.S. and North American markets have many choices on where to plant their flag. Virginia has proven fruitful as that launching point for many of them.

New Amazonians are onboarding. Construction milestones are being met. From timelines to pipelines, Amazon’s mammoth HQ2 undertaking is on time and full speed ahead.

In the competitive realm of corporate headquarters location decisions, the COVID-19 pandemic upended the way companies operate and could have major ramifications on office space moving forward.

Virginia's Veterans are a Natural Fit for Corporate Headquarters Virginia is home to 30 military installations and more than 721,000 veterans. It’s also home to 36 Fortune 1000 companies (eighth among U.S. states) and 2,300 corporate headquarters operations (seventh).