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Recent Articles from Virginia Business
Making bank
Suffolk-based TowneBank maintains its dominance among Hampton Roads financial institutions, holding nearly a quarter of the market share. In late June, TowneBank and Children’s Hospital of the King’s Daughters jointly purchased the 22-story Norfolk Southern tower in downtown Norfolk for $30 million. TowneBank’s market share increased slightly from last year, when it had 22.29% of […]
An overview of Hampton Roads
Hampton Roads is Virginia’s second most populated region, with nearly 1.8 million residents in 17 localities, including Virginia Beach — the state’s largest city by population with about 450,000 residents. More than 120,000 active-duty and reserve members of the military, as well as civilian personnel, work at nine installations representing five branches. The Port of […]
Executive Insights
David C. White Executive vice president, Virginia Maritime Association What do you consider the most pressing issue facing the Hampton Roads region? The maritime industry is in the best position to drive the economic growth and job creation for the region. Capacity at the container terminals has been increased to move an additional 1 million […]
Workforce development
From customized apprenticeship programs to professional development courses, various organizations in Hampton Roads are working to ensure employers have the right workforce. Below is an overview of workforce development resources. The Apprentice School Having celebrated its 100th anniversary in 2019, The Apprentice School in Newport News has trained 10,800 shipyard workers over its long history. [[...]
Residential Real Estate Review with Cindy Hawks White
President of the Hampton Roads Realtors Association (HRRA), Cindy Hawks White is a Virginia Beach-based operating principal with Keller Williams Realty. She has worked in the real estate industry since 1982 and specializes in real estate-owned (REO), short sale and luxury properties. Hawks White also has served on the HRRA’s board since 2015, including as […]
October 2020 – For The Record
Shenandoah Valley The Frederick County Economic Development Authority in late August allocated $1 million of federal CARES Act funds for a business grant program that would award grants of $5,000, $7,500 and $10,000 to businesses that were impacted by the pandemic. The Augusta County Economic Development Authority (EDA) also announced in early September it has […]
Under construction
Ohio Creek Watershed Norfolk A $112 million project intended to protect two historic neighborhoods, Grandy Village and Chesterfield Heights, from flooding, the watershed is expected to be complete by March 2023, according to Norfolk officials. Funding for the project comes from a $120.5 million U.S. Housing and Urban Development grant awarded to the state, and […]
Hampton Roads Business Guide 2020
Welcome to the 2020 Hampton Roads Business Guide. This issue includes: Overview of Hampton Roads: Demographics for the second most populated region in the state. Executive Insights: Local business leaders weigh in on region’s economic future. Arts & Tourism: Will Norfolk and Portsmouth go all in for casinos? Plus: Local festivals eye 2021 comeback. Construction […]
The VirginiaBusiness.com Top Five
Falwell says resignation reports were false, then resigns: Facing scandals and board pressure, Liberty University’s president and chancellor denied he was resigning the day before the Christian school confirmed his departure. (Aug. 24-25) Virginia 500: Virginia Business magazine’s first annual special issue devoted to the commonwealth’s 500 most powerful leaders. (Aug. 31) Ex-associate claim[...]
Transportation
ED ALDRIDGE PRESIDENT, CMA CGM AMERICA LLP AND APL NORTH AMERICA, NORFOLK The CMA CGM Group serves 80% of the world’s commercial ports with a 502-vessel fleet and 110,000 employees. The American arm of its shipping and logistics company, based in Norfolk, has a workforce of more than 11,000 employees and serves 18 ports. In […]
