Think the local economy is improving? Better check the numbers.
Hampton Roads is still far behind the state and nation in terms of job growth.
The gross regional product contracted last year for the first time since 2010.
And defense spending, the longtime linchpin of the local economy, will shrink to 39 percent of economic activity this year.
Americans have to support stronger labor unions if they want wages to rise at close to the same rate as worker productivity, U.S. Rep. Bobby Scott said Tuesday.
Gov. Terry McAuliffe has confirmed he's offering incentives to Deschutes Brewery of Bend, Ore., to pick Virginia as its new East Coast site. News outlets reported that Deschutes is looking at different places to house its first area location. McAuliffe recently confirmed that he visited the brewery in mid-September to help entice it to break ground in the commonwealth.
VIRGINIA BEACH In addition to ordering fresh sushi and a Starbucks Frappuccino at your local Farm Fresh, you’ll soon be able to have a health practitioner check out your stuffy sinuses and other ailments.
NORFOLK Opponents of a high-voltage transmission line near historic Jamestown received a blow when the Army Corps of Engineers released its preliminary evaluation of the proposed project. Regulators tasked with granting or denying a permit agreed late last week with Dominion Virginia Power: It's not practical to bury the line under the James River, as opponents wanted.
VIRGINIA BEACH The Huddle House restaurant chain has opened its first Virginia Beach location, with a ribbon-cutting planned Tuesday in Landstown Centre in Virginia Beach. The Atlanta-based chain specializes is made-to-order breakfasts, burgers and country-fried steak – all under the motto: “Any Meal. Any Time.”
Predicting the economic impact of a big storm is about as difficult as forecasting the path of Hurricane Joaquin. Either way, there are winners. (Last week would have been a good time to buy stock in Home Depot.) There are losers. (Has anyone been golfing lately?)
NORFOLK The port is getting ready to ask the state for a big chunk of change: an unprecedented $350 million. The Virginia Port Authority will request the money from the General Assembly to expand capacity at Norfolk International Terminals to handle growing volume, state Transportation Secretary Aubrey Layne said.
Students are loaded down with college debt, they’re having trouble paying it back and many aren’t sure their experience in school was worth the cost, according to recently released data.
A few changes in the homebuying process that take effect today may have a big impact on how borrowers shop. Homebuyers will receive fewer forms when applying for financing, and they're designed to be more understandable, so shopping for an affordable mortgage should be easier.
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