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Roaring ’20s repeat possible, Richmond Fed president says
Federal Reserve Bank of Richmond President and CEO Thomas Barkin said he could visualize another round of the “roaring ’20s,” he said Thursday during the Virginia Bankers Association/Virginia Chamber 2022 Financial Forecast event. Driven by investment and real estate appreciation, the nation has seen a 28% boost in household net worth over the past two […]
Recycling joint venture to create 210 jobs in Chesapeake
Two sustainable development companies — New Jersey-based Kamine Development Corp. and Minnesota-based Nicollet Industries LLC — will invest $267 million to establish a joint venture paperboard recycling and production facility in Chesapeake, a project expected to create 210 jobs, Gov. Ralph Northam announced Tuesday. The 335,000-square-foot Celadon Development Corp. facility will be at the Che[...]
Va. new unemployment claims up 51%
Virginia’s new unemployment claims increased by almost 51% last week, the Virginia Employment Commission reported Thursday. For the filing week ending Jan. 1, Virginians filed 1,813 new claims, an increase of 609 from the previous week. Continued claims totaled 11,262, an increase of 6,358 claims from the week before. Compared to last year, initial claims […]
Qualtrics expansion expected to bring 400 jobs to Fairfax
Qualtrics, a data analytics and experience management software company based in Seattle and Provo, Utah, is expanding its presence in Fairfax County and expects to create 400 jobs in a new location in Reston, Gov. Ralph Northam announced Thursday. The company will move from its former office in Reston to an 85,000-square-foot space at 1906 […]
Va. had record 328,000 job openings in September
Virginia had 328,000 job openings in September and 123,000 quits, 4,000 fewer quits than the April 2021 peak, according to U.S. Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) data released Nov. 19. The September job openings number set a record previously set in July, when there were 320,000 openings. The […]
Amazon has hired 3,500 HQ2 workers
Amazon.com Inc. has hired 3,500 of its 25,000 planned workers for HQ2, the tech behemoth’s $2.5 billion East Coast headquarters in Arlington. Meanwhile, construction on the two office towers for HQ2’s first phase, Metropolitan Park, is more than halfway complete, company representatives said during a site tour Wednesday. Amazon has added about 500 […]
Operation Next expands to Hampton Roads
Operation Next, a federally backed advanced manufacturing workforce development program for military veterans and their spouses, has expanded to Hampton Roads. The Maritime Base Industrial Ecosystem (MIBE) will recruit service members and their spouses to enroll in the program and will guide them to attain portable and nationally recognized credentials from the National Institute of […]
Amazon to open East Coast supply chain hub in Stafford
Amazon.com Inc. will establish a new cross-dock fulfillment center in Stafford County, serving as an East Coast supply chain hub and creating 500 jobs, Virginia Gov. Ralph Northam announced Tuesday. The 630,000-square-foot facility at the Northern Virginia Gateway industrial site in Stafford will be responsible for the beginning of a supply chain where products from […]
Scott County Tempur Sealy bedding factory to add 25 jobs
Tempur Sealy International Inc. is expanding its Duffield facility in Scott County, the Virginia Coalfield Economic Development Authority announced Thursday. The bedding company known for its Tempur-Pedic, Posturepedic and Stearns & Foster mattresses, among others, is headquartered in Lexington, Kentucky, but has two manufacturing facilities: one in Albuquerque, New Mexico, and one in Southwes[...]
Va. unemployment rate drops to 4% in August
In August, the state’s unemployment rate was at 4%, a 0.2-point decline below July’s rate, Gov. Ralph Northam announced Friday. The state’s unemployment rate has declined for 15 months straight, since the start of the COVID-19 pandemic. In August 2020, the state’s jobless rate was at 7%, 3 points higher than last month. Virginia continued to […]
Pa. digital marketing firm to relocate HQ to Danville
Kegerreis Digital Marketing will move its headquarters from Pennsylvania to downtown Danville, creating 62 jobs, Virginia Gov. Ralph Northam announced Thursday. The company provides integrated marketing services, such as brand development, billboards, online efforts and analytics for e-commerce retailers, digital startups, venture firms, and local and regional businesses. It is a subsidiary of Cha[...]
Amazon to open delivery station in Stafford
Amazon.com Inc. announced Friday it will open a 200,000-square-foot delivery station in Stafford County later this month, creating 100 full- and part-time associate jobs at the station, plus hundreds of driver jobs for Amazon’s Delivery Service Partners and Amazon Flex drivers, according to the company. The new facility will be located at 25 Strategy Drive […]
