By Tim Ryan
In just two months apart, Chesapeake’s Dollar Tree sold Family Dollar for $1 billion on March 25, netting $804 million to fuel its next chapter, while Smithfield Foods, the pork giant from Smithfield, went public on January 28 with a $522 million IPO on the Nasdaq. Two titans, two bold moves, and one undeniable truth: Hampton Roads is on a hot streak, and it is time to own it.
At the Innovate Hampton Roads, our focus is on the power of a vibrant startup and innovation ecosystem to reshape the region’s future. These two economic wins weren’t just about corporate growth—they were a catalyst for entrepreneurs, dreamers, and innovators to join forces. A thriving startup scene could transform Hampton Roads, bringing new jobs, cutting-edge solutions, and global attention. If the community united, this cycle of momentum could spark a renaissance: logistics startups could streamline the port’s operations, tech ventures could bridge gaps left by retail shifts, and food innovators could push Smithfield’s automation to new heights. Together, they’d create a landscape where innovation wasn’t a buzzword but a way of life, drawing investment and talent to the region.
But this wasn’t just about deals—it was about identity. “Individually, these might seem like blips,” Jamal said, his voice steady at a packed Innovate meetup. “But together? They’re a beacon. Two moves like this in such a short time? That’s rare. We need to celebrate it, show the world what Hampton Roads stands for—a place where innovation meets grit.” The room erupted in nods. From Chesapeake to Smithfield, they knew this was their shot to define the region as a global hub of economic power and creativity.
As the sun set over the port, the Innovate crew vowed to surf this wave together. Dollar Tree and Smithfield had lit the fuse; now, Hampton Roads would build the legacy. This was their story, their identity, their moment—and they’d make sure the world knew it.
