Biden's September 24 visit was to applaud the Virginia Port Authority on receiving a $15 million federal grant for upgrades to the North Gate complex at Norfolk International Terminals. The TIGER grant is to be matched with Port Authority funds of $16 million. The project will link the gate with the planned Interstate 564 Intermodal Connector.
Take advantage of August Sales Tax Holiday and purchase school supplies, clothing and footwear
Governor McAuliffe visited Astyra Corporation in Richmond on July 22 to sign Executive Order 20: Advancing Equity for Small, Women, and Minority Owned Businesses. The executive order is designed to expand contracting opportunities to small, women-owned and minority-owned (SWaM) businesses in the Commonwealth and set a higher bar for SWaM contracting in Virginia state government.
Four democratic incumbents resigned on June 30. With the resignations of Delegate Bob Brink, Delegate Algie Howell, Senator Henry Marsh, and Senator Phil Puckett, Virginia will now have at least three special elections on August 19.
An informative panel forum titled "Doing Business in the Affordable Care Act Era" was hosted by Inside Business at The Founders Inn on June 27. Hampton Roads Chamber of Commerce President & CEO Bryan K. Stephens was one of the five panelists. One of todays biggest concerns for businesses is a healthy workforce. so this presentation and panel dialogue was timely. The Affordable Care Act (ACA) is the national health reform, which includes new responsibilities and opportunities for employers.
CNBC concludes their rankings for the 2014 Americas Top States for Business. Taking the No. 1 spot is Georgia with a total of 1,659 out of 2,500 points.
Glassdoor, the online career community, has released their second annual Employment Satisfaction Report Card. Over 500,000 people were surveyed to determine which U.S. cities you should be working in. With 2,137 employers hiring, the Hampton Roads ranks number four on the list of 50 metros, a prominent leap from 12th place last year.
Commonwealth Secretary of Commerce and Trade, Maurice Jones, briefed the Hampton Roads Chambers Executive Committee on June 11. Prior to this position, Jones was Publisher of The Virginian-Pilot and 2012 Chair of the Hampton Roads Chamber. In 2012 and 2013, he served as Deputy Secretary of the U.S. Department of Housing and Urban Development. Jones provided an informative snapshot of the economy, on the state and local level, and provided an opportunity for the Chamber's volunteer leadership to dialogue on economic issues important to the region.
As of April 2014, Hampton Roads unemployment rate fell to its lowest level in over five years to 5.1%. This is the lowest level, not accounting for seasonal positions.