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Va. hotel revenues remain down
As the lodging industry struggles to bounce back from the economic crisis brought on by the COVID-19 pandemic, Virginia hotel revenues for the week ending June 20 dropped by 65% compared with the same period in 2019, according to new data from STR Inc., a division of CoStar Group providing market data on the hospitality […]
Phase Three reopening starts July 1
Virginia will enter Phase Three of the state’s Forward Virginia reopening plan on Wednesday, July 1, ending restrictions on restaurants, retail stores and bars, among other changes, Gov. Ralph Northam said Tuesday. “This gives us about three-and-a-half weeks of Phase Two where we have been able to follow the data,[...]
VCU-Ariz. State survey shows increased labor market activity
As states have begun to reopen for business, the national labor market has seen an increase in activity during the past two weeks, according to a biweekly survey conducted by Virginia Commonwealth University and Arizona State University economists. However, the 2.3% decrease in the national unemployment rate (which was estimated at 19.4% for the week […]
Gannett’s Rugged Races subsidiary to host virtual runs during pandemic
While large events have been canceled amid the pandemic, Rugged Races, a subsidiary of McLean-based Gannett Co. Inc. (the nation’s largest newspaper publisher), announced Monday it has signed a licensing agreement with Warner Bros. Entertainment Inc. to produce virtual runs with superhero and comic book characters. “Unlike a traditional road race where thousands of people […]
More small business relief funding on the way in Chesterfield
Chesterfield Economic Development and The Chesterfield Chamber announced Monday that the second round of a small business relief funding program will open on June 29. The $5 million Back in Business funding program provides grants up to $10,000 to businesses struggling during the pandemic. The Chesterfield County Board of Superv[...]
15 Metro stations to reopen this weekend
The Washington Metropolitan Area Transit Authority (WMATA) announced Monday that 15 rail stations closed due to the agency’s COVID-19 response will reopen on Sunday, June 28. The following Monday, buses will also be added to 14 lines to increase capacity and offer more frequent service. WMATA, which runs the transportation system, began reducing service hours […]
Va. COVID-19 cases continue weekly decline
Virginia continues to see a weekly decline in COVID-19 cases, with the Virginia Department of Health reporting 3,579 new cases for the week ending June 22. The state reported 68 new deaths from the coronavirus during the same time period, bringing the state death toll for the pandemic to 1,620. The state has seen 58,465 [&hellip[...]
Survey: Economic, cultural impact of virus concern Va. execs
A newly released survey finds that Virginia business and nonprofit leaders are concerned not only about the financial but the cultural impact of the COVID-19 pandemic. The Culture Conundrum survey, which polled 365 leaders across Central Virginia, Hampton Roads and Northern Virginia, was conducted from May 19-31 by Williamsburg-based marketing research firm Brand Planning LLC […]
Loudoun County to fund 400 additional small businesses
On Tuesday, June 23, the Loudoun County Board of Supervisors will hold a random drawing for the third round of grants from its COVID-19 Business Interruption Fund, which supports small businesses affected by the pandemic. The funding was allocated from the $36.1 million in federal funding to Loudoun County from the Coronavirus Aid, Relief and […]
State directs nearly $250M to long-term care facilities for COVID-19
Because a majority of COVID-19 outbreaks in Virginia have occurred in long-term care facilities, Gov. Ralph Northam announced Friday that the state will direct nearly $250 million to these facilities for coronavirus response, with most of the funding coming from federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding. Northam has also directed the […]
12K+ Virginians refuse to return to work amid pandemic
More than 12,000 Virginians who have filed jobless claims during the pandemic have refused to return to work, the Virginia Employment Commission announced Friday, while there are approximately 400,000 job vacancies posted on the Virginia Workforce Connection website. “While certain circumstances, such as health, child care or other caregiver responsibilities, may warrant continued payments of […][...]
Va. hotel revenues still down by more than 60%
Even as Phase Three of Virginia’s reopening plan looms on the horizon, Virginia hotels are continuing to see revenues dropping. in the second week in June by 64% compared to the same time a year ago, according to findings released Thursday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were […]
