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May 2020 Virginia Business & Economic Update

Virginia Business Headlines for April

SW Va. businesses, officials urge Northam to reopen region
72k+ Virginians filed jobless claims last week
SBA Paycheck Protection Program loaned nearly $9B to Va. Businesses
Va. Beach contractor lands $782M Navy contract
Port feels effect of coronavirus early but remains busy
With the Navy rebuilding its fleet, maritime industry is hiring thousands
Virginia hotels, attractions shut down during pandemic
Sports tourism takes a timeout amid coronavirus
Bath County hit hard by resort closures
Hotels closed, workers furloughed as convention biz dries up
Virginia Chamber of Commerce seeks input for reopening businesses
Leidos subsidiary tapped to develop lunar landing system
Central Va. CEOs expect revenues to decline in next six months
Perspecta Labs wins $14.5M Army contract
Loudoun County announces $1M small-business relief fund
Dominion Energy to begin construction on offshore wind turbines this spring
Facebook opens applications for Va. small business grants
Report: 78% of Va. restaurant workers have been laid off since March
Fairfax County establishes $2.5M small business loan fund Inc. hires 3.3k+ Virginians, more to come
Dairy farms worry about staying afloat during pandemic
Performance Food has furloughed about 3,000 employees, suspended stock buybacks
COVID-19 disrupts Va. tourism as season ramps up
How Va. grocery stores are staying safe amid coronavirus
A key economic driver, car dealers brace for impact
CarMax to furlough 15,000 employees nationwide, including 450 in Virginia
The ‘stress test’ for data centers
Logistics companies try to weather supply chain storm
Richmond EDA to offer no-interest loans to small businesses hurt by crisis
Gannett taking steps to preserve liquidity
Genworth Financial acquisition delayed again


Task force formed by governor to figure out how to reopen businesses in the state
Protesters bring the noise, demand to reopen Virginia
As restaurants struggle, county rethinks plans to float a 4% meals tax
Legislators reunite for surreal reconvened session
Colonial Williamsburg extends closures through May, plans additional furloughs
Roanoke County laying off 287 part-time workers
Governor signs clean energy legislation
Richmond airport to get $18.82 million in federal coronavirus aid
Virginia’s state lab is one of the first in the country to sequence samples of virus that causes COVID-19
State extends ban on utility service disconnects
Chesterfield furloughs 500 positions as local governments rework budgets

News Headline Sources: Virginia Business, Market Watch, WY Daily Press, Virginia Mercury, Chesterfield Observer, Richmond BizSense,

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