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economy

Aug 13, 2020

Va. initial jobless claims dropped 46% last week

Initial unemployment claims in Virginia fell by 46% last week, according to a Thursday release from the Virginia Employment Commission.  More than 13,000 Virginians filed initial jobless claims last week — a decrease of more than 10,000 claims from the previous week, according to a VEC statement released Thursday. For the first time since the […]

Aug 13, 2020

Dominion Energy directs $1M to help small businesses, residents pay energy bills

Virginia small businesses and residential customers can receive additional support to pay their energy bills through Richmond-based Dominion Energy Inc.’s EnergyShare program, the company announced Thursday. Small businesses, nonprofit organizations and houses of worship can receive up to $1,000 to go toward unpaid Dominion Energy Virginia electric bills that have accrued during the pandemic[...]

Aug 12, 2020

Va. hotel revenues improved only 1% last week

Hotel revenues in Virginia improved by only 1% last week and still remain at a 45% decrease compared to the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. The week before last, STR reported a 46% decrease in Virginia […]

Digital Divide: Students Without Home Broadband Subscriptions. The dark red coloring highlights areas where 19%-34% of students do not have access. Infographic by the State Council on Higher Education for Virginia.
Aug 12, 2020

More than 10% of Va. students don’t have broadband access at home

While Virginia school districts and higher education institutions are finalizing fall plans in light of the pandemic, an analysis released Wednesday by the State Council on Higher Education for Virginia (SCHEV) shows that more than 200,000 K-12 students and more than 60,000 college students in Virginia lack broadband access at home. These numbers reflect 14% […]

Aug 11, 2020

State awards $278K to COVID-19 economic recovery projects

Gov. Ralph Northam announced Tuesday that the state has awarded $278,000 among 18 economic revitalization projects in Virginia as part of the state’s COVID-19 economic recovery plan. “Downtown districts are the lifeblood of our communities and our local economies and they need our support now more than ever,” Northam said in a statement. “Main Street […]

Aug 11, 2020

$8.79M in CARES Act funding going to affordable housing

Following Gov. Ralph Northam’s announcement on Aug. 7 that the eviction moratorium would be extended through Sept. 7, U.S. Sens. Mark R. Warner and Tim Kaine on Monday announced that $8.79 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding will go to affordable housing in Virginia.  “As housing insecurity continues to […]

Aug 7, 2020

Va. Supreme Court grants eviction moratorium through Sept. 7

The Supreme Court of Virginia granted a temporary statewide eviction moratorium to begin Aug. 10 and remain in effect through Sept. 7, Gov. Ralph Northam announced Friday. The moratorium halts all eviction proceedings related to rent payment failures due to the pandemic. Northam requested the moratorium in a letter to the state’s highest court on […]

Aug 5, 2020

Northam launches primary care task force

As primary care physicians report that the pandemic has caused financial stress and layoffs at their practices, Gov. Ralph Northam announced Wednesday the creation of a primary care task force in partnership with the Virginia Center for Health Innovation (VCHI) and Secretary of Health and Human Resources Daniel Carey. During the pandemic, 40% of primary […]

Aug 5, 2020

Va. hotel revenues slowly improving

Hotel revenues in Virginia slightly improved last week, but still remain at a 46% decrease compared to the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. The week before last, STR had reported a 50% decrease in hotel revenues […]

Jul 30, 2020

Va. saw nation’s second-highest jobless spike last week

Coming on the heels of reports that the U.S. domestic gross product in the second quarter dropped to its lowest point since 1947, the U.S. Department of Labor reported Thursday that Virginia saw the second-highest increase in initial jobless claims in the nation last week.  The Department of Labor reported Thursday morning that 46,524 Virginians […]

Jul 29, 2020

Va. hotel revenues dropped by 50% last week

Hotel revenues last week continued to decrease by 50%, compared with the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry. Last week, STR had reported that the U.S. hospitality industry had marked its worst quarter yet. Nationally, however, the […]

Jul 23, 2020

Va. sees 5K spike in initial jobless claims last week

Since January, more than 1 million Virginians have filed initial jobless claims, according to the Virginia Employment Commission. More than 37,000 Virginians filed initial jobless claims last week — an increase of more than 5,000 claims from the previous week, according to a VEC statement released Thursday. “The jump in initial unemployment claims in Virginia […]

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