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Real Estate and Construction: Stagnant with some silver linings
Realtors slogged through another sluggish market in 2024. Pollyanna types will point out that the commonwealth did see 4,000 more home sales in 2024 than in the previous year, according to Virginia Realtors data. On the other hand, the 102,509 homes that sold in Virginia in 2024 were down 18.8% from 2019 sales. Mortgage rates r[...]
Education: Va. colleges increase in-demand programs
Virginia’s higher education institutions grew their degree programs and, in some cases, grew physically in the last year as they sought to train students for in-demand and growing fields. In response to an increasing demand for skilled tech workers, Virginia‘s universities have expanded their STEM capacities, manifes[...]
Shenandoah Valley Big Deal: Dairy producer again expands in Frederick County
Dairy company HP Hood has nearly completed the $83.5 million expansion and upgrade of its Frederick County plant, which will allow it to increase production and meet future customer demand. A new machine to fill and seal milk containers was installed and went into production in December 2024, and a new warehouse and processing r[...]
Northern Va. Big Deal: Digital Gateway lawsuits head to appeals court
When the massive Prince William Digital Gateway data center project was approved by county supervisors in December 2023, the project was hailed by some as an economic boon that could support 30,000 new construction jobs and infuse more than $500 million in annual tax revenue in the next two decades. Others saw the project as [&h[...]
Shenandoah Valley Year-in-Review: Manufacturing, tourism drive region’s growth
The year 2024 turned out to be a surprising but positive one for the Shenandoah Valley region. “We had more activity than anticipated in terms of lead generation and opportunities,” says Jay Langston, executive director of the Shenandoah Valley Partnership. The food and beverage sector remains the region’s main industr[...]
Southwest Va. Big Deal: EO hub offers regional workforce development
The workers and managers at Food City in Abingdon can see the future by stepping out and looking to their left toward a former Kmart. The old Kmart has been redeveloped by EO, a nonprofit that spun off from the United Way of Southwest Virginia, into the 87,000-square-foot Regional Workforce and Child Development Hub. Constructio[...]
