State General Fund revenues fell 20.6% in May
Due to the economic impacts of COVID-19, state General Fund revenue collections fell 20.6% in May, compared to May 2019, Gov. Ralph Northam announced Thursday. However, he noted in his afternoon news conference, this represents an improvement from last month and from an expected quarterly loss of $1 billion in revenue. In April, the state […]
396K+ Virginians remain unemployed during pandemic
Nearly 400,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims across the commonwealth continues to decrease. The Virginia Employment Commission (VEC) announced Thursday that 822,300 initial unemployment claims have been filed since March 15, [...]
Impact of reopening on COVID-19 rates may not be known till late June
As the state enters week four of reopening, the Virginia Department of Health probably won’t know if there’s a broad increase in COVID-19 cases until late June, State Health Commissioner Dr. Norman Oliver said Wednesday. Because of the virus’ two-week incubation time, plus time for testing and reporting results to [...]
The Harvest Foundation invests $1M in Virginia 30 Day Fund
The Harvest Foundation in Martinsville announced Wednesday it has invested $1 million in the Virginia 30 Day Fund to launch a new relief initiative to aid small businesses in Martinsville and Henry County. The Virginia 30 Day Fund’s Pay it Forward MHC Small Business Relief Fund will provide forgivable loans of up to $3,000[...]
Virginia Chamber releases blueprint for reopening
The Virginia Chamber of Commerce on Wednesday released its “Blueprint for Getting Virginians Back to Work” plan, which provides reopening guidance to businesses and policymakers. “As our government and business leaders consider how to best recover from the COVID-19 pandemic, it is important that they have the guidance to ensure consumer confidence and worker safety,” […]
NoVa and Richmond to enter Phase Two June 12
Northern Virginia and the city of Richmond will enter Phase Two of Gov. Ralph Northam’s “Forward Virginia” plan Friday, June 12, joining the rest of the state in loosened restrictions on dining areas, personal care and grooming services and other nonessential businesses, Northam announced Tuesday. The stateR[...]
Virginia places 20-day moratorium on evictions
With almost 400,000 Virginians still unemployed due to the COVID-19 pandemic’s economic fallout, Gov. Ralph Northam has announced a temporary statewide moratorium on eviction proceedings in the commonwealth, to remain in effect through June 28. Granted by an order from Virginia Supreme Court Chief Justice Donald Lemons, the moratorium will pause evictions will the Northam […]
Weekly COVID-19 cases down
Virginia saw 5,853 new confirmed and probable COVID-19 cases over the last seven days, down from 7,671 new cases the prior week. The state had 85 new deaths from the coronavirus, down significantly from the week ending June 1, when 184 Virginians died from COVID-19. The state’s COVID-19 case count stands at 51,251, with 1,[...]
Colonial Williamsburg to reopen on limited basis June 14
The Colonial Williamsburg Foundation announced Friday that it will open for limited public programming at some of its historic sites on June 14 while the state moves into Phase 2 of Gov. Ralph Northam’s “Forward Virginia” plan. “We are eager to welcome employees and guests back to Colonial Williamsburg, but reopening our[...]
Nearly 400K Virginians remain unemployed
Nearly 400,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims in the commonwealth continues to decrease. About 31,000 Virginians filed initial claims for unemployment last week, down from roughly 49,000 the prior week, according to the Virgi[...]
Hotels saw 66% revenue drop in late May compared to 2019
Suffering the economic impacts of the coronavirus pandemic, Virginia hotels saw revenues drop 66% for the last week in May compared to the same time a year ago, according to findings released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were also down by 50% and the average daily […]
Much of Virginia to enter Phase Two reopening Friday
Much of Virginia will enter Phase Two of Gov. Ralph Northam’s “Forward Virginia” reopening plan on Friday, with restaurants and gyms able to offer limited indoor service, the governor announced during his Tuesday news briefing. Northern Virginia and Richmond will remain at Phase One, however, Northam said, addi[...]