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Report: Hampton Roads lost about 6,300 federal civilian jobs in 2025
Hampton Roads lost more than 6,000 federal civilian jobs in 2025, a 10.5% drop that outpaces the national decline.
TowneBank completes $476M acquisition of Dogwood State Bank
Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North Carolina-based Dogwood State Bank.
REIN announces 2026 board of directors
The Real Estate Information Network last week announced that it has elected its board of directors for 2026.
Port of Virginia to complete $450M dredging project in February
The Port of Virginia will complete its $450 million dredging project next month, delivering the deepest shipping channels on the East Coast.
Newport News trades center to power maritime workforce
Virginia Peninsula Community College is building a $9 million trades center in southeast Newport News that will prepare more than 400 students annually for maritime and construction jobs. The 16,000-square-foot facility, which began construction in August 2025, is set to be completed in February and will begin offering programs in welding, structural fitting, marine electrical, […]
Federal employment, trade declined in 2025 in Virginia
Virginia saw some economic growth in 2025, but it was slow compared to 2024, and statewide unemployment is expected to rise in 2026, according to Old Dominion University's State of the Commonwealth economic report released Tuesday.
Virginia sees home sales decline across major markets
Inventory climbed in both Hampton Roads and Northern Virginia in November, but fewer deals closed as home sales declined.
LS Cable to add $689M factory in Chesapeake, creating 430 jobs
LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilities and bringing its expected job creation to 760.
Spanberger stresses need for stable biz environment
Virginia Gov.-elect Abigail Spanberger said she will prioritize a business climate that is stable, predictable and affordable.
New York company buys Chesapeake apartments for $34.8M
Fairstead is investing $34.8 million to acquire and renovate Landmark Apartments, a 120-unit affordable housing complex in Chesapeake.
ODU gets $15M gift from Brock to launch nutrition institute
Old Dominion University has received a $15 million gift to establish a nutrition and lifestyle medicine institute.
Departing Port of Virginia CEO to join ferrying company
Virginia Port Authority CEO Stephen A. Edwards, who announced in November that he would be stepping down at the end of the year, will be CEO of ferry infrastructure company Hornblower Group at the start of 2026.
