Sign In
Free Newsletter
Flood warning
Situated on a bank of the Hague, the Y-shaped inlet off the Elizabeth River that shares a name with the city in the Netherlands, Norfolk’s Chrysler Museum of Art is no stranger to the impacts of high tides, as well as flooded streets and parking lots during heavy rainfalls. Right now, flooding is mainly a […]
Climbing the ladder
Four Hampton Roads companies made it into the elite top 1,000 of this year’s Inc. 5000 list of the nation’s fastest-growing private companies, based on revenue growth during the past three years. Although many industries were affected by the COVID-19 pandemic last year, the region’s top-ranked Inc. 5000 businesses are in g[...]
All hands on deck
The military’s impact on Hampton Roads is unmistakable. Drive along the Hampton Roads Bridge-Tunnel and it’s nearly impossible to miss the hazy gray of U.S. Navy vessels docked at Naval Station Norfolk, the world’s largest naval station. A few minutes spent in Virginia Beach and one is likely to hear the roar of a Navy [&h[...]
Opportunity floats
Read the feature on sea level rise in Hampton Roads. Although local, state and federal government officials are leading coordinated efforts to combat flooding, other groups in Virginia see business potential from the crisis. The OpenSeas Technology Innovation Hub, a collaboration between Old Dominion University and William & Mary’s Virginia Institute of Marine Science, is […]
Building up
Over the next several years, the Hampton Roads area will need about 8,000 more people ready to take skilled jobs in the maritime industry, officials at the Maritime Industrial Base Ecosystem estimate. Leaders from higher education and other organizations across the Hampton Roads area are stepping up to make sure those positions [...]
It’s a seller’s world
Sandra Hood finally went on a much-needed vacation in mid-August. Even so, Hood, the managing broker of Coldwell Banker Traditions in Newport News and president of the Virginia Peninsula Association of Realtors, took advantage of a rainy morning at the beach to open her laptop and get some work done. “It’s the most difficult[...]
Executive insights
Buffy Barefoot President – Virginia Beach, TowneBank, Virginia Beach What is the most pressing issue facing the Hampton Roads region in terms of its economic health? The ability to attract companies offering shiny employment opportunities for young professionals graduating from college. Having one child who just graduated from college and another one in college, it […]
Commercial realty: Demand remains high
Read our residential real estate story. Trends are also pointing in a mostly positive direction for the region’s industrial, commercial and retail real estate markets, according to Ed Kimple, a senior vice president with Cushman & Wakefield | Thalhimer. Office vacancy rates were at 9.2% for the second quarter, an increase [...]
An overview of Hampton Roads
Hampton Roads is the state’s second-most populated region, with approximately 1.75 million residents in 17 localities, including Virginia Beach, the state’s largest city by population with about 459,000 residents, according to the 2020 population count. More than 120,000 active-duty and reserve members of the military, as we[...]
Letter from the publisher: Big impact
It’s nearly impossible to overstate the positive role that Hampton Roads plays in Virginia’s economic health. The region doesn’t fit neatly into a single name, location or brand. Is it coastal, is it the beach or is it the Port of Virginia? Is its economy mostly maritime, mostly military, mostly manufacturing, mostly international trade, or […]
Under construction
Hampton Roads Bridge-Tunnel Hampton and Norfolk In October 2020, crews broke ground on the state’s largest-ever infrastructure project: the expansion of the Hampton Roads Bridge-Tunnel, which is expected to be completed in 2025. Much of the work will not be visible to drivers because it will be taking place underwater, as a ma[...]
Leaders of the pack
Although TowneBank remains at the top of the Hampton Roads’ region banking market, with just over a quarter of local market share, there is a newcomer in the second position: North Carolina-based Truist Bank, created from the SunTrust-BB&T megamerger in 2019. Truist holds nearly 24% of the market and has 72 locations, taking Wells Fargo’s […]
