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Business Archive

As the nation's economic engine hums, Hampton Roads has stalled

NORFOLK
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.

Rep. Scott says wages will rise with stronger labor unions

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. McAuliffe woos Oregon brewery

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.

Health clinic coming to Virginia Beach grocery store

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.

Army Corps: Burying Dominion power line in James River not practical

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.

Huddle House restaurant opens in Virginia Beach

 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.”

When big storms hit, some businesses win, some businesses lose

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?)

Port of Virginia will ask the state for $350M to fund big plans

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.

Comparing Hampton Roads colleges: Is it worth it?

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.

For mortgage shoppers, simpler forms called biggest change in 40 years

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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