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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08.05.2026
Virginia Steel Expands in Bland County
Structural steel manufacturer’s $3.6M investment will more than triple workforce
06.10.2026
Scout Space to Create 31 New Jobs in Fairfax County
Satellite Technology Company Invests $1 Million to Expand into Merrifield Facility
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
04.15.2026
L3Harris Expands Virginia Operations With More Than $1.2 Billion Investment in Orange County
L3Harris Technologies will invest $1.27 billion to increase manufacturing capacity at the company’s production facilities in Orange County, Virginia, creating 350 new jobs.
04.14.2026
AeroNimble Expands With $2.5 Million Investment in Harrisonburg
AeroNimble — a Harrisonburg-based startup specializing in PT6 aircraft engine overhaul and blade component manufacturing — will invest more than $2.5 million to expand its operational capacity and create 51 new jobs.
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.
04.07.2026
Hybrid-Electric Seaplane Startup Expands with More Than $500,000 Investment in Chesapeake
Tidal Flight will expand operations with hangar space lease at Chesapeake Regional Airport
Fukoku Korea to Establish Henry County Plant with $18+ Million Investment
Automotive Parts Manufacturer to create 60 new jobs in the Commonwealth
Radian Forge Expands with $10.5 Million Investment in Portsmouth
Expansion Will Create 53 Jobs to Meet U.S. Navy Production Needs
Radian Forge Expands with $10.5 Million Investment in Portsmouth
Expansion Will Create 53 Jobs to Meet U.S. Navy Production Needs
02.23.2026
Avio Selects Pittsylvania County for $500+ Million Investment
New Solid Rocket Motor Manufacturing Facility Will Create More Than 1,000 Jobs in Town of Hurt
02.17.2026
Defense Technology Firm GRVTY Invests $8 Million to Expand Northern Virginia Operations
Expansion Will Create 200 New Jobs in Virginia
02.12.2026
Space Technology Company Umbra Expands Virginia Operations with $6.75 Million Investment in Fairfax County
New Reston Facility Will Support U.S. Space Innovation & Create More Than 100 New High-Tech Jobs
01.13.2026
Solstice Advanced Materials Invests $220+ Million in Chesterfield Facility
Investment to create 100 new jobs at ballistic fiber production plant
12.12.2025
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
11.12.2025
Elbit America Expands with $30 Million Investment in Roanoke County
Expansion of night vision manufacturing facility to create 288 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