VVIRGINIA’SI R G I N I A ’ S SSOURCEO U R C E FFORO R BUSINESSB U S I N E S S IINN TTELLIGENCEE L L I G E N C E APRIL 2020 $4.50

SPECIAL REPORT: Wo rk in the time of coronavirus p. 24

VirginiaBusiness.com

35 YEARS: VIRGINIA BUSINESS THROUGH THE DECADES

March 1986: NVHomes, the Richmond-based Norfolk-based Sovran Virginia-based 1995: Virginia Business AOL merges December 2000: Virginia 2007: Bernie APM Terminals Virginia precursor of A.H. Robins is Financial Corp., Virginia’s America Online Editor and Associate with Time Warner Business publishes its first Niemeier becomes opens a December 2008: General Dynamics 2009: Media General Inc. Defense contractor Northrop Newport News-based Huntington Ingalls Lidl and Nestlé USA Virginia Tech announces Dominion Energy Inc. breaks Business Reston-based bought by New York- biggest bank, merges with holds its first Publisher James Bacon Virginia-based Jefferson, Central Fidelity and Atlanta-based SunTrust acquires to create Legal Elite list, recognizing Virginia Business’ $450 million CEO Nicholas Chabraja is the sells Virginia Business Grumman Corp. moves its Industries, the nation’s largest military locate their corporate plans for its $1 billion ground on the first stage of its plans COVID-19 pandemic shuts down businesses, publishes its NVR Inc., acquires based American Atlanta-based Citizens initial public becomes the magazine’s Signet banks are bought by North Carolina Richmond-based Crestar Financial Corp. AOL Time the commonwealth’s president and terminal in magazine’s first Virginia Business to Virginia Business headquarters from Los Angeles shipbuilder, is established as a headquarters in Innovation Campus in to build the nation’s largest offshore sending the economy into recession and first issue Ryan Homes. Home Products. and Southern Corp. offering. publisher and editor-in-chief. banks Wachovia and First Union. for $9.5 billion. Warner. top attorneys. publisher. Portsmouth. Person of the Year. Publications LLC. to Fairfax County. Northrop Grumman spinoff. Arlington. Arlington. wind farm off Virginia Beach. unemployment skyrocketing. 1980s 1990s 2000s 2010s 2020s Mobil Corp. moves 1989: Virginia Business NCNB Corp. and C&S/Sovran announce a Richmond-based Signet Banking Corp. Chesapeake-based 1997: Virginia Business publishes Mobil is acquired by Exxon Armada Hoffler breaks ground Northrop Grumman Corp. Altria Group Inc. relocates its Henrico County-based Circuit City Stores Inc. 2011: Virginia Business 2013: Virginia Business 2017: Bernie Niemeier Amazon.com Inc. announces it will 2020: Virginia Business publishes its its headquarters publishes its first annual $4.3 billion merger to create Nationsbank, spins off its credit card division, Dollar Tree Inc. the first Fantastic 50 list of the Corp. for $81.2 billion, on the first phase of Town buys Newport News headquarters from New York files for bankruptcy and closes its remaining celebrates its 25th anniversary publishes its first annual becomes sole owner build its $2.5 billion East Coast inaugural Virginia 500 issue featuring the from New York to Virginia 100 list of the the nation’s third-largest bank. creating Capital One Financial Corp. holds its initial state’s fastest-growing private forming Texas-based Center of Virginia Beach. Shipbuilding. to Richmond. 567 stores, eliminating 34,000 jobs. and publishes the first annual Big Book economic of Virginia Business. HQ2 headquarters in Arlington. state’s most powerful business leaders. Fairfax County. wealthiest Virginians. public offering. businesses. Exxon Mobil Corp. Best Places to Work list. development issue.