Eastern Va. Year-in-Review: Region aims to lean in on energy, defense sectors
A new economic development plan for Hampton Roads seeks to build on the region’s strengths as a long-time maritime and defense industry center, while also focusing on the energy sector. With 17 cities and counties, the region has struggled to work together as one cohesive unit, leaders have said over the years, but the Hampton[...]
Health Care: New facilities for Virginia’s health systems
For Virginia’s health care landscape, the last 12 months were a time of growth. Some health systems opened new facilities, while others got started on projects designed to serve the patients of tomorrow. Other big news from last year: the summer opening of the Macon & Joan Brock Virginia Health Sciences at Old Dominion Uni[...]
Roanoke/New River Year-in-Review: 2024 was about laying groundwork
Not every year can be 2023. That’s the verdict from economic development watchers in a wide stretch of Virginia, ranging from Lynchburg west through Roanoke and Salem to the New River Valley. In 2023, this region experienced a burst of business announcements with a total investment of at least $387 million and expectations of [...]
Financial Services: Federal policy, tariffs create economic uncertainty
Economists around the state are still speaking positively about Virginia’s economy — but there’s an elephant in the room. The University of Virginia’s Weldon Cooper Center for Public Service expects the state’s gross domestic product will increase 2.4% this year, up from 1.9% anticipated for the nation in a Moody’s f[...]