Microsoft's Kevin Scott discusses how artificial intelligence is poised to transform the U.S. economy.

Virginia offers sales and use tax exemptions for eligible equipment used directly in manufacturing and research and development operations. Prior to exemptions, the Commonwealth’s combined state and local sales and use tax is 5.3% (4.3% state tax and 1.0% local tax).

Will Payne is managing partner of economic development firm Coalfield Strategies, the director of InvestSWVA, a public-private partnership aimed at attracting companies to the western portion of Virginia, and an adviser to the Energy DELTA Lab research and development facility in Wise County.

Virginia’s Commonwealth Cyber Initiative (CCI) is devising innovative solutions to these emerging threats. Launched in 2020, CCI is a state-funded program that collaborates with businesses, higher education institutions, and local governments to support research, innovation, and workforce development in cybersecurity across the region.

$1.76 million in site Remediation Grants from the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund will be awarded to six localities.

RICHMOND—Governor Ralph Northam today announced that Moog Inc. (NYSE: MOG.A and MOG.B), a designer and manufacturer of high-performance motion control products and solutions, will invest $10.7 million to transfer existing jobs and equipment from one of its Blacksburg facilities to a larger building in the Falling Branch Corporate Park in Montgomery County. The company will have an additional 80,000 square feet at its new operation in Christiansburg to accommodate increased customers and demand and focus on production of its slip ring products for the industrial marketplace.

MARTINSVILLE - Governor Mark R. Warner today announced the launch of the Virginia Motorsports Initiative. The statewide initiative, comprised of public and private sector partners, will promote and support motorsports activities in Virginia as a means for economic development. Governor Warner announced the initiative this morning at Martinsville Speedway. 

Roanoke's abundant outdoor amenities help attract talent and make the region stand out from the crowd. 

Super Radiator Coils, a family-owned engineering and manufacturing company, will invest $22 million to expand its operations in Chesterfield County, creating 160 new jobs.