News
Hampton Roads Among Top 20 Mid-Size Metros For College Students
American Institute for Economic Research (AIER) names Hampton Roads among the top 20 mid-size metros for college students!! See Full AIER 2010-2011 College Destination Index
Four local firms make Inc. 500 list
August 27, 2010 By Bill Cresenzo, Inside Business Four Hampton Roads companies have made the Inc. 500 list of the county's fastest-growing, privately held companies. Each year, Inc. Magazine compiles a list of the 5,000 fastest-growing private U.S. companies. This year the top 500 had aggregate revenues of $11.3 billion, down from $18.4 billion in 2009. However, median three-year growth stood at 1,231 percent, up from 880.5 percent last year. The four Hampton Roads companies that made the list ...
Another record-breaking ship visits the Port of Hampton Roads
Another record-breaking ship visits the Port of Hampton Roads (Photo by Joe Becker) Nearly six months to the day after the largest container ship to ever visit the Port of Hampton Roads made history as it pulled into harbor, its record will be broken. The CMA CGM Figaro, a giant ocean freighter capable of transporting up to 8,500 TEUs, or twenty-foot container units, is expected to reach Hampton Roads at about 8 p.m. Tuesday night. The Figaro is slightly larger than the previous record-holder, ...
Virginia takes the No. 1 spot - again
By Philip Newswanger Inside Business Posted: August 13, 2010 Virginia has reached the top of the charts again as the most pro-business state in the country. The commonwealth scored the highest, followed by Utah and Wyoming, according to the Pollina Corporate Top 10 Pro-Business States for 2010. Virginia was ranked number one in 2003, 2007 and 2009. The report is done every year by Pollina Corporate Real Estate, a site consultant based in Park Ridge, Ill., a Chicago suburb. Virginia ...
Isle of Wight bags state award
Recycling program has collected 13,424 pounds of plastic bags By Allison T. Williams The Daily Press August 10, 2010 ISLE OF WIGHT Isle of Wight County has bagged a state award for its plastic bag recycling program. The Virginia Association of Counties recently gave its only environmental achievement award this year to the county for its Isle Be Green Program. Launched last year, the program which strives to reduce plastic bag consumption by offering multiple recycling sites around ...
Firm ranks Virginia No. 1 in the nation for business
By Philip Walzer The Virginian-Pilot August 6, 2010 Virginia remains the most pro-business state in the country, according to a ranking released Thursday by Pollina Corporate Real Estate Inc. of Chicago. Pollina also ranked Virginia tops in the nation in 2007 and last year. The real estate consulting firm said it considered 31 factors, such as taxes, human resources, energy costs and economic development efforts. Pollina clearly recognized the pro-business atmosphere and first-class ...
Hampton Roads ranks 42nd in exports
By BILL CRESENZO Inside Business Posted: July 30, 2010 Hampton Roads ranked 42nd in the nation for exporting goods in 2008, according to a report from a Washington, D.C., think tank. The report, from the Brookings Insitution, measures the export output for 100 metro areas in the U.S. It says that Hampton Roads had $6.72 billon in exports, most of it transportation equipment, which made up 38.8 percent of exports out of the area. The report measures exported goods and services - 8 .7 percent ...
VA makes case for offshore wind
Virginia makes case to US for offshore wind demonstration center worth $60M to $80M By Steve Szkotak var articleUrl = location.href; var articleBreadcrumb = document.getElementById("breadcrumb").innerHTML; emailForm.articleURL.value = articleUrl; emailForm.articleBreadCrumb.value = articleBreadcrumb; Story Tools #sponsor table, #sponsor td { width:auto !important; } RICHMOND, Va. (AP) - Virginia is making the case ...
Chesapeake, Suffolk named among Best Places to Live
By Lauren Roth The Virginian-Pilot July 13, 2010 Chesapeake and Suffolk have both been named to Money Magazine's 2010 list of Best Places to Live. Chesapeake was 85th and Suffolk was 91st out of 100 cities given rankings. The list chose best small cities from among 746 communities with populations of 50,000 to 300,000. The cities were compared on factors including housing affordability, median income, school quality, arts and leisure, safety, health care, diversity, the local economy and ...
Hampton Roads firms score big in defense contracts
From the Daily Press, July 8, 2010 Here's a look at the highlights: Newport News -- General Dynamics Electric Boat will receive $171.9 million from the Navy for development and design efforts on the Virginia Class submarine program. Electric Boat is the lead shipyard in the development of the submarines, which are built in a partnership with Northrop Grumman Corp. s Newport News shipyard. With options, the contract could be worth up to $880.9 million. About 4 percent of the work will be performed ...
Hampton Roads in nation's top 15 for volunteerism
by LaSalle Blanks, 13NEWS / WVEC.com Posted on July 7, 2010 at 2:51 PM The region is the 13th best metropolitan area in the nation when it comes to volunteerism, according to the Corporation For National and Community Service. It makes you feel good to help out, said Jim Meehan, a volunteer at Norfolk Botanical Garden. Once a week, Jim is pulling weeds and picking up trash at the garden. He and other volunteers like the St. Pius Youth Group in Norfolk appreciate giving back to the ...
10 Best Job Growth Areas in America
Despite a national economic slump, a handful of metro areas offer excellent prospects for both college grads and seasoned job seekers. Jobs may be hard to come by in the current economy, but both recent college graduates and more seasoned job seekers can greatly improve their odds by targeting one of America's top 10 job growth areas. NeighborhoodScout.com recently surveyed more than 350 metro areas in the U.S. to identify the top 10 large areas with the best job growth and lowest rates of ...
Doug Williams named GM for Norfolk's new UFL
By David Squires dsquires@dailypress.com | 247-4639 ...
Doyon Government Group opens office in Newport News
By Josh Brown The Virginian-Pilot June 19, 2010 NEWPORT NEWS A government contractor based in Washington state has opened a local office and plans to hire 159 workers by the end of 2012, the Hampton Roads Economic Development Alliance announced Friday. Doyon Government Group, which this month opened a 4,600-square-foot office in the Newport News City Center with 11 workers, plans to add 14 more workers this year, the alliance said. The jobs will have an average salary of $65,000. The company, ...
Area High Schools Make the Grade
NORFOLK -- More than a dozen public schools in Hampton Roads and two in northeastern North Carolina are on Newsweek magazine's Top High Schools list. In all 1, 600 schools across the country, or about 6-percent of all schools, earned a place on the list. The magazine ranked the schools based on a ratio of the number of Advanced Placement, International Baccalaureate and/or Cambridge tests taken by all students at a school in 2009 divided by the number of graduating seniors. VA BEACH: ...
Hampton Roads remains economically strong, diverse and a major force in the Virginia economy
By Philip Walzer The Virginian-Pilot June 11, 2010 Local wages are below the national average, but poverty has inched down. More residents are receiving college degrees, but the region's population growth lags the nation's. These were among the findings in a report, Hampton Roads State of the Workforce: 2010, released Thursday by Opportunity Inc., a regional work force agency. Hampton Roads has been temporarily impaired by the recession, but it s economic foundation remains strong, ...
Education to Employment in Hampton Roads
Suffolk News Herald | Pruden Graduates First M S Class Some high school students spend their afternoons playing in simulated environments through their video games. Four students at the Pruden Center, however, have spent their afternoons developing their own simulated environments whether for modeling a weapon to see its potential effects or a building complete with textures and measurements. Austin Bolz, Benjamin Teters, Myles Napier and El Williams will be the first students in the area to ...
Virginia Beach Boardwalk among Nation's Best
This three-mile-long boardwalk celebrates the ocean. It winds its way past a statue of Neptune, god of the sea; the Atlantic Wildfowl Heritage Museum and its crafted decoys; and the historic Old Coast Guard Station, which sells fun nautical gifts. Parents and kids love the four-seat surrey bikes, the small family-friendly parks, and the 15th Street Amusement Park, with its wild ...
Region's Unemployment Rate Falls to 7.1% in April
Helped by an increase of almost 6,900 jobs in the region, Hampton Roads unemployment rate retreated in April to 7.1 percent from 7.8 percent in March, the Virginia Employment Commission said Wednesday. The biggest employment gains occurred in the leisure-and-hospitality sector, which added 4,100 jobs in April, VEC said. The region s retailing sector grew by 1,200 jobs, while professional and business services added 1,000. Manufacturing, one of the few sectors in the region that retrenched between ...
Major International Defense Contractor Expected to Land in Hampton Roads
NEWPORT NEWS A major international defense contractor is expected to open marketing offices at City Center, according to officials. Bill Hudgins, a vice president at Harvey Lindsay commercial real estate, which is a part owner of City Center, said the contractor is expected to take up the entire fourth floor of Town Center One. At 15,000 square feet, the offices will be about the size of a chain drugstore. Town Center One, which opened last year, is the newest building at City Center. Hudgins ...
Orion Air Group to Consolidate Operations to Newport News
Orion Air Group, a leading operator of business aircraft, will invest $4 million to consolidate its Virginia operations in the City of Newport News. The company, headquartered in Yorktown, Virginia, outgrew its current location and will develop a hangar and office space complex at Air Commerce Park located at the Newport News/Williamsburg International Airport. The project will include retention of 57 jobs in York County and Newport News and create 51 new jobs within the next 12 months ...
Good News - Hampton Roads Economy Showing Signs of Improvement
A recovery in retail sales, along with stronger port traffic and home building, are fueling a gradual upturn in the Hampton Roads economy, a forecasting team at Old Dominion University said Tuesday. Full Story
Isle of Wight County Contender for Distribution Center
ISLE OF WIGHT Isle of Wight County is one of two final contenders vying to land a $40 million distribution center, said county economic development director Lisa Perry. A pharmaceutical supply company has whittled its search down to two potential sites: one in the Shirley T. Holland Intermodal Park, outside Windsor, and the other in North Carolina's Piedmont region, said Perry. She declined to identify the company, but said she expects a final decision to be handed down within weeks. The company ...
Business Gateway at ODU
The mission of the ODU Business Gateway, unique in Virginia and one of only a handful in the country, is to provide companies large and small, not-for-profit organizations, military commands and entrepreneurs a dedicated resource to help solve business problems, expand capabilities, and create new ventures. ODU's Business Gateway will offer services matched to market needs, including business and entrepreneurial consulting and services, advanced manufacturing and technology solutions, training and ...
NASA Langley to lead new technology program
Chief technologist talks NASA's future Bobby Braun met with reporters in Hampton Updated: Tuesday, 18 May 2010, 5:53 PM EDT Published : Tuesday, 18 May 2010, 5:53 PM EDT HAMPTON, Va. (WAVY) - As the Space Shuttle program nears its final mission, NASA is plotting a new path forward. And its new chief technologist is helping to define the agency's direction. Bobby Braun met with reporters at NASA-Langley in Hampton Tuesday. While the Space Shuttle has been an amazing technological marvel and ...
Port of VA and APM Terminals Reach Agreement
The terminal would be operated by a state agency, the Virginia Port Authority. Taking over APM's new, highly automated facility will vastly improve the efficiency of the port authority's operations, while delaying the state's need to spend billions to develop its own state-of-the-art terminal at Craney Island, said Virginia Transportation Secretary Sean T. Connaughton. The deal further positions Virginia to become the leading port on the East Coast, the governor's office said in a news release. Full ...
ODU launches Business Gateway
Old Dominion University is launching an initiative to connect the university s resources with government, companies and nonprofit organizations. The ODU Business Gateway will provide a single entry point for access to its intellectual capital and technologies. The mission of the group will be to provide companies, nonprofit groups, the military and entrepreneurs with an economic development resource. Full Story.
Cobham Composite Products Celebrates Opening in Suffolk
A new manufacturing facility in northern Suffolk is expected to employ more than 200 people by 2014 with salaries averaging $41,000. For now, Cobham Composite Products' 73,500-square-foot facility is running on a skeleton crew of 18 as it ramps up for production. It will make composite engine components for the F-35 Joint Strike Fighter, a composite fuselage for the U.S. Air Force's unmanned decoy, and rotor blade parts for the U.S. Navy and Marine Corps CH-53K helicopter. Full Story.
Navy to delay carrier relocation to Mayport
The Navy has delayed plans to move a Norfolk-based aircraft carrier to Mayport, Fla., by five years - from 2014 to 2019 at the earliest, U.S. Rep. Glenn Nye said Wednesday, postponing an economic hit that could cost Hampton Roads hundreds of millions of dollars per year. Full story.
Amerigroup makes Fortune 500
Amerigroup Corp. has broken into the Fortune 500, joining three other Hampton Roads companies. The Virginia Beach-based health insurer was No. 404 on Fortune s newly released list, which ranks U.S. companies by annual revenue. Amerigroup s 2009 revenue totaled $5.19 billion, up 17 percent from a year earlier. The company, which specializes in managed care for beneficiaries of Medicaid and other government-funded health-care programs, was 509th last year on Fortune s list of the nation s 1,000 largest ...
Big name speakers on tap for Hampton Roads conference
Several well-informed sources will weigh in on that question at the Joint Warfighting Conference at the convention center in Virginia Beach May 11-13. Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, will speak at lunch on the first day. He will be preceded by Undersecretary of Defense for Policy Michele A. Flournoy. Other speakers include French Air Force Gen. Stephane Abrial, commander of NATO's Allied Commander Transformation, and Marine Corps. Gen. James N. Mattis, commander of ...
Auto Plant, Re-Energized
It has been difficult in the current real-estate downturn for even the ritziest trophy towers to find buyers. Demand for the least ritzy properties, like shuttered manufacturing plants, is so weak that many are expected to sit idle for many years. That makes the deal Ford Motor Co. reached with Jacoby Development Inc. striking. Late last year, Jacoby Development, a unit of privately held Jacoby Group Cos. in Atlanta, agreed to acquire a 109-acre former auto plant in Norfolk, Va., from Ford for nearly ...
MetroMonitor
The MetroMonitor, an interactive barometer of the health of America s metropolitan economies, looks beneath the hood of national economic statistics to portray the diverse metropolitan landscape of recession and recovery across the country. It aims to enhance understanding of the local underpinnings of national economic trends, and to promote public- and private-sector responses to the downturn that take into account metropolitan areas distinct strengths and weaknesses. This edition of the ...
USJFCOM
This year s Joint Warfighting Conference (JWC) from May 11-13 at the Virginia Beach Convention Center will feature several influential government and senior military leaders from both the United States and NATO to discuss important issues facing future joint warfighters. The panels include: Power Shifts: Who s Up? Who s Down? What s Changing? Fresh from the Fight: What Do Company Level Leaders See as the Threats? What Should Be Done to Secure the Homelands? ...
Craney Island
NORFOLK - The Virginia Port Authority will receive $11 million in each of the 2011 and 2012 state budgets to continue its development efforts of a future Craney Island Marine Terminal, the port's top official said Tuesday. Jerry A. Bridges, the port authority's executive director, said state Transportation Secretary Sean T. Connaughton told him the money will be inserted into the state budget with a technical correction when the General Assembly reconvenes ...
Job Recovery in Hampton Roads
On the morning of March 16th at Norfolk Waterside Marriott, a panel of those in the know will tackle these issues at the Cox and Inside Business Executive Discussion Series. Panelists are: Vinod Agarwal, PhD., Professor of Economics, Old Dominion University; Judy Begland, President and CEO, Opportunity Inc.; Deborah DiCroce, President, Tidewater Community College; Darryl Gosnell, President CEO, Hampton Roads Economic Development Alliance; and Rodney Jordan, Think Tank Director, Joe Jordan ...
Top State for Business
Virginia Reclaims Title of America's Top State for Business in 2009
Best State for Business
Virginia Again Named As The Best State For Business In The Country.
Unemployment Rate
Hampton Roads Unemployment Rate Inches Up Again, From 6.6% in August to 6.7% in September
Hampton Roads Economy
Hampton Roads Economy
Technology in Hampton Roads
The Rise of Technology in Hampton Roads http://www.dailypress.com
Greatest Places Ranking
Three Hampton Roads Communities Featured On The American Planning Association's 2009 Great Places in America Listing
Hampton Roads
Hampton Roads Rated as Having Third Strongest Gross Metropolitan Product (GMP) in the United States
News 
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2010-09-08 Hampton Roads Among Top 20 Mid-Size Metros For College Students
American Institute for Economic Research names Hampton Roads among the top 20 mid-size metros for college students!!
Read More -
2010-08-27 Four local firms make Inc. 500 list
Four Hampton Roads companies have made the Inc. 500 list of the county's fastest-growing, privately held companies.
Read More -
2010-08-24 Another record-breaking ship visits the Port of Hampton Roads
Nearly six months to the day after the largest container ship to ever visit the Port of Hampton Roads made history as it pulled into harbor, its record will be broken.
Read More
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Top Investors
Investors by Industry
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