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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.
Apartment-style hotel coming to Hampton in 2026
North Carolina-based stayApt Suites plans to open a 103-suite hotel in Hampton, with an expected opening in summer 2026.
New York firm buys Chesapeake apartments as part of $58.2M portfolio
Newbrook Capital Properties announced this week it has acquired a 340-unit portfolio in the Virginia-North Carolina region for $58.2 million.
RVA757 Connects strategy calls for more digital infrastructure along corridor
RVA757 Connects unveiled its 2035 Global Internet Hub Vision Plan to position the I-64 corridor as a hub for digital infrastructure.
Edwards to step down as Port of Virginia CEO
Stephen A. Edwards is stepping down at the end of the year as the Virginia Port Authority's CEO and executive director to take a new job in the private sector, the Port of Virginia announced Monday.
