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Virginia Business Headlines for August:
VA co’s. try to avoid being capsized by tariffs
Barrel maker to open two plants in SW VA
Micron Technology to expand Manassas semiconductor plant
Container shipping company to expand North American headquarters in Richmond
Aldi's divisional headquarters and distribution center in Dinwiddie County completed
Newly minted Richmond ice cream brand inks Wegmans deal
Virginia Beach's rapidly growing Mosquito Joe sold to Texas company
NoVa dominates Inc. 5000, but D.C. and Maryland have strong showings
28 Richmond area firms make Inc. 5000 list
GE confirms previously announced plan to end manufacturing in Salem
Richmond private equity firm cashes out on NoVa investment
PR firm Padilla acquired by Montreal buyer
Bristol Compressors to close Washington County plant, eliminating 470 jobs
Hummus-maker spreads out Chesterfield footprint
$3 million Boeing donation to help Virginia Tech honors program take flight
Virginia Econ/Government Headlines for August:
Virginia is preparing for Medicaid expansion on Jan. 1
Combating the opioid crisis
With state backing, Port of VA moves ahead with major projects
Some Halifax solar projects receive stormy receptions
Pulaski County is ready to court international co’s.
July unemployment falls in Virginia metro areas
Port CEO testifies about potential impacts of tariffs
Sea-level rise already affecting Virginia home values
Nearly $1 billion in VA exports threatened by tariffs
State agency awards $242.4 million IT contract
Unemployment rate drops again
State is using Volkswagen settlement money to establish electric vehicle charging stations
Dominion Energy seeks approval to build offshore wind research project
Electric scooters descend on Hampton Roads overnight, surprising city officials
Virginia will use $10 million to turn old coal mines into tourist sites, broadband infrastructure
Will massive solar project see the light of day?
Richmond, Bird meet to discuss scooter regulations
New study suggests NoVa is region's best bet for HQ2
Hampton recommends changing zoning law to allow medical cannabis oil production
Hemp looks and smells like pot. Soon, fields of the plant could crisscross Virginia
Landowners swamped by erosion denied injunction against Mountain Valley Pipeline
Hampton medical marijuana dispensary seeks to be first in Virginia
Judges vacate two permits for Atlantic Coast Pipeline
Virginia horse-racing officials vow to 'get it right' on gambling expansion
VIRGINIA BUSINESS AND ECONOMIC UPDATE SEPTEMBER 2018
UNION WEALTH MANAGEMENT | 3900 WESTERRE PKWY, 2ND FL, RICHMOND, VA 23233 | 804-774-2087 | WWW.BANKATUNION.COM/WEALTH
News Headline Sources: Richmond BizSense, Virginia Business
Click headline to access article
Click headline to access article
Virginia Employment by Region July July Change July
(in thousands, seasonally adjusted) 2017 2018 (P) %
Unemp. Rate
(P)
Total Virginia Nonfarm Workers 3,954.8 4,017.4 1.6% 3.1%
Blacksburg 74.1 74.4 0.4% 3.3%
Charlottesville 114.6 119.4 4.2% 2.7%
Harrisonburg 65.6 66.4 1.2% 3.0%
Kingsport 119.7 121.8 1.8% 4.1%
Lynchburg 103.5 104.7 1.2% 3.6%
Richmond 673.0 683.7 1.6% 3.1%
Roanoke 158.9 160.9 1.3% 3.0%
Staunton-Waynesboro 49.6 50.8 2.4% 2.7%
Virginia Beach 787.1 795.2 1.0% 3.3%
Washington DC metro 2,691.3 2,753.8 2.3% 3.5%
Winchester 63.3 65.2 3.0% 2.8%
Source: U.S. Bureau of Labor Statistics
(P) Prel iminary
Regional Economic Snapshot
Virginia Business and Economic Update, September 2018
page 2
UNION WEALTH MANAGEMENT | 3900 WESTERRE PKWY, 2ND FL, RICHMOND, VA 23233 | 804-774-2087 | WWW.BANKATUNION.COM/WEALTH
Fatal Occupational Injuries, Virginia
% Change in CPI-U, U.S. South Region
Average Gasoline Prices, DC Area and U.S.
Virginia Employment by Sector
Source: Bureau of Labor Statistics
Source: Bureau of Labor Statistics
Source: Bureau of Labor Statistics
Virginia Employment by Sector July July Change
(in thousands, seasonally adjusted) 2017 2018 (P) %
Total Virginia Nonfarm Workers 3,954.8 4,017.4 1.6%
Mining and Logging 8.0 8.4 5.0%
Construction 192.6 200.1 3.9%
Manufacturing 234.0 241.6 3.2%
Trade, Transportation, and Utilities 663.3 670.3 1.1%
Information 67.6 66.7 -1.3%
Financial Activities 206.1 211.8 2.8%
Professional & Business Services 731.2 747.8 2.3%
Education & Health Services 529.2 537.9 1.6%
Leisure & Hospitality 402.8 411.0 2.0%
Other Services 202.8 207.5 2.3%
Government 717.2 714.3 -0.4%
Source: U.S. Bureau of Labor Statistics
(P) Preliminary
Federal Deficit ($ Billions)
Source: Office of Management and Budget and Old Dominion University Economic Forecasting Project. Nominal dollars.
