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No rest for defense
Some of the biggest economic news in Hampton Roads over the past year has come from Department of Defense projects. The top headline belongs to a pair of massive Naval Sea Systems Command (NAVSEA) contracts. In November 2019, Reston-based General Dynamics Corp. won the largest Navy contract ever awarded, $22.2 billion, to produc[...]
Is Trump good for business?
President Donald Trump entered the White House in 2017 with no political experience but a lifetime spent in business. Nearly four years later, with the incumbent Republican president up for reelection against Democrat Joe Biden, a former vice president who has been in politics for 50 years, Virginia voters are asking themselves:[...]
Richmond converts small business loans to grants
Five years ago, when Sandi Cauley opened her boutique fitness business, Turn Cardio Jam Studio, she did so on her own dime — not wanting to be strapped to loans and investors. But after the pandemic hit, she needed outside help to keep her business afloat. After she had trouble securing a Paycheck Protection Program […]
Nothing to complain about
Virginia’s top-paid CEOs brought home an average total compensation of $6.68 million each in 2019. That’s not too shabby, considering their average annual base salary was $900,218. Conducted by Redwood City, California-based executive compensation firm Equilar, Virginia Business’ most recent top executive pay report examin[...]
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 b[...]
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 […]
Thicker than water
“It isn’t personal. It’s just business.” Those phrases are too often used in the commercial world, but they just don’t apply when talking about most family-run enterprises. The business of running these companies is deeply personal. The priorities of family businesses “go well beyond financial concerns,” says B[...]
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[...]
Back to school
This fall, universities and colleges in Hampton Roads took baby steps forward as they reopened for the fall semester after shutting down in March during the early days of the COVID-19 pandemic. Old Dominion University welcomed students back in late August with a combination of in-person and remote classes. Fall sports are canceled, and the […]
Casino is a dicey prospect for some Danvillians
As Danville voters await a November referendum to approve one of the state’s first casinos, some residents are concerned the project would bring crime and traffic to the area. Danville is one of five localities granted approval to build a casino by state lawmakers earlier this year, although developers require the approval of [...]
Big accomplishments
The motto of Huntington Ingalls Industries Inc. (HII) is “Hard Stuff, Done Right.” That easily fits the work of HII, parent company of Newport News Shipbuilding, Virginia’s largest industrial employer. Its projects — including the construction of U.S. Navy submarines and aircraft carriers — are huge, require complex engineering and are vital to our national […]
