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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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.
New River, Giles County
03.03.2026
Interstate Group Announces $9 Million Investment in Giles County
Trailer Manufacturer’s Expansion of Giles County Facility Will Create 46 New Jobs to Help Meet Growing Demand
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.
05.13.2025
Sumitomo Drive Technologies to Automate Warehouse and Distribution Center in Chesapeake
Sumitomo Drive Technologies, a global power transmission manufacturer, will invest $9.3 million to automate a warehouse and distribution center in the City of Chesapeake.
Luna Labs to Expand Research and Development Operations in Charlottesville
Governor Glenn Youngkin announced that Luna Labs USA, LLC, a product development company accelerating breakthrough solutions to multiple industries, will invest $200,000 to expand its operations in the City of Charlottesville