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05.05.20

May 2020 Virginia Business & Economic Update

Virginia Business Headlines for April

 
SW Va. businesses, officials urge Northam to reopen region
https://www.virginiabusiness.com/article/sw-va-businesses-officials-urge-northam-to-reopen-region/
 
72k+ Virginians filed jobless claims last week
https://www.virginiabusiness.com/article/more-than-3-8m-u-s-citizens-filed-for-unemployment-last-week/
 
SBA Paycheck Protection Program loaned nearly $9B to Va. Businesses
https://www.virginiabusiness.com/article/sba-paycheck-protection-program-funding-in-va-totaled-nearly-9b/
 
Va. Beach contractor lands $782M Navy contract
https://www.virginiabusiness.com/article/va-beach-contractor-lands-782m-navy-contract/
 
Port feels effect of coronavirus early but remains busy
https://www.virginiabusiness.com/article/viral-load/
 
With the Navy rebuilding its fleet, maritime industry is hiring thousands
https://www.virginiabusiness.com/article/on-deck/
 
Virginia hotels, attractions shut down during pandemic
https://www.virginiabusiness.com/article/virginia-hotels-attractions-shut-down-during-pandemic/
 
Sports tourism takes a timeout amid coronavirus
https://www.virginiabusiness.com/article/delay-of-game/
 
Bath County hit hard by resort closures
https://www.virginiabusiness.com/article/bath-county-hit-hard-by-resort-closures/
 
Hotels closed, workers furloughed as convention biz dries up
https://www.virginiabusiness.com/article/unconventional-times/
 
Virginia Chamber of Commerce seeks input for reopening businesses
https://www.virginiabusiness.com/article/virginia-chamber-of-commerce-seeking-input-for-reopening-businesses/
 
Leidos subsidiary tapped to develop lunar landing system
https://www.virginiabusiness.com/article/leidos-subsidiary-tapped-to-develop-lunar-landing-system/
 
Central Va. CEOs expect revenues to decline in next six months
https://www.virginiabusiness.com/article/central-va-ceos-expect-revenues-to-decline-in-next-six-months/
 
Perspecta Labs wins $14.5M Army contract
https://www.virginiabusiness.com/article/perspecta-labs-wins-14-5m-army-contract/
 
Loudoun County announces $1M small-business relief fund
https://www.virginiabusiness.com/article/loudoun-county-announces-1m-small-business-relief-fund/
 
Dominion Energy to begin construction on offshore wind turbines this spring
https://www.virginiabusiness.com/article/the-first-of-dominion-energys-wind-turbines-to-be-constructed-soon/
 
Facebook opens applications for Va. small business grants
https://www.virginiabusiness.com/article/facebook-opens-applications-for-va-small-business-grants-wednesday/
 
Report: 78% of Va. restaurant workers have been laid off since March
https://www.virginiabusiness.com/article/report-78-of-va-restaurant-workers-have-been-laid-off-since-march/
 
Fairfax County establishes $2.5M small business loan fund
https://www.virginiabusiness.com/article/fairfax-county-establishes-2-5m-small-business-loan-fund/
 
Amazon.com Inc. hires 3.3k+ Virginians, more to come
https://www.virginiabusiness.com/article/amazon-com-inc-hires-3-3k-virginians-more-to-come/
 
Dairy farms worry about staying afloat during pandemic
https://www.virginiabusiness.com/article/va-dairy-farmers-fear-for-the-future/
 
Performance Food has furloughed about 3,000 employees, suspended stock buybacks
https://www.marketwatch.com/story/performance-food-has-furloughed-about-3000-employees-suspended-stock-buybacks-2020-04-13?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=4abae8d3b8-EMAIL_CAMPAIGN_2020_04_15_01_21&utm_medium=email&utm_term=0_00e3179567-4abae8d3b8-148454077
 
COVID-19 disrupts Va. tourism as season ramps up
https://www.virginiabusiness.com/article/covid-19-disrupts-va-tourism-as-season-ramps-up/
 
How Va. grocery stores are staying safe amid coronavirus
https://www.virginiabusiness.com/article/how-va-grocery-stores-are-staying-safe-amid-coronavirus/
 
A key economic driver, car dealers brace for impact
https://www.chesterfieldobserver.com/articles/a-key-economic-driver-car-dealers-brace-for-impact/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=151e2e97e0-EMAIL_CAMPAIGN_2020_04_12_11_57&utm_medium=email&utm_term=0_00e3179567-151e2e97e0-148454077
 
CarMax to furlough 15,000 employees nationwide, including 450 in Virginia
https://www.richmond.com/business/carmax-to-furlough-15-000-employees-nationwide-including-450-in-virginia/article_11b05c79-faeb-5de7-956f-55372e999c8c.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=2d59589b1d-EMAIL_CAMPAIGN_2020_04_09_02_03&utm_medium=email&utm_term=0_00e3179567-2d59589b1d-148454077
 
The ‘stress test’ for data centers
https://www.virginiabusiness.com/article/the-stress-test-for-data-centers/
 
Logistics companies try to weather supply chain storm
https://www.virginiabusiness.com/article/logistics-companies-try-to-weather-supply-chain-storm/
 
Richmond EDA to offer no-interest loans to small businesses hurt by crisis
https://www.virginiabusiness.com/article/richmond-eda-creates-no-interest-loan-program-for-small-businesses/
 
Gannett taking steps to preserve liquidity
https://www.virginiabusiness.com/article/gannett-taking-steps-to-preserve-liquidity/
 
Genworth Financial acquisition delayed again
https://www.virginiabusiness.com/article/genworth-financial-acquisition-delayed-again/
  

Gov/Econ/Education/Nonpofit:

 
Task force formed by governor to figure out how to reopen businesses in the state
https://wydaily.com/local-news/2020/04/24/coronavirus-task-force-formed-by-governor-to-figure-out-how-to-reopen-businesses-in-the-state/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=9bdf7d30b1-EMAIL_CAMPAIGN_2020_04_26_03_09&utm_medium=email&utm_term=0_00e3179567-9bdf7d30b1-148454077
 
Protesters bring the noise, demand to reopen Virginia
https://www.virginiabusiness.com/article/protesters-bring-the-noise-demand-to-reopen-virginia/
 
As restaurants struggle, county rethinks plans to float a 4% meals tax
https://www.chesterfieldobserver.com/articles/empty-plates-as-restaurants-struggle-county-rethinks-plans-to-float-a-4-meals-tax/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=78522a5222-EMAIL_CAMPAIGN_2020_04_22_01_39&utm_medium=email&utm_term=0_00e3179567-78522a5222-148454077
 
Legislators reunite for surreal reconvened session
https://www.virginiabusiness.com/article/legislators-reunite-during-surreal-reconvened-session/
 
Colonial Williamsburg extends closures through May, plans additional furloughs
https://www.virginiabusiness.com/article/colonial-williamsburg-extends-closures-through-may-plans-additional-furloughs/
 
Roanoke County laying off 287 part-time workers
https://www.virginiabusiness.com/article/roanoke-county-laying-off-287-part-time-workers/
 
Governor signs clean energy legislation
https://www.virginiabusiness.com/article/governor-signs-clean-energy-legislation/
 
Richmond airport to get $18.82 million in federal coronavirus aid
https://www.richmond.com/business/richmond-airport-to-get-18-82-million-in-federal-coronavirus-aid/article_8d8e46ba-36d1-5a06-8cb2-1ec14dc6179b.html?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=d12402b06d-EMAIL_CAMPAIGN_2020_04_16_02_55&utm_medium=email&utm_term=0_00e3179567-d12402b06d-148454077
 
Virginia’s state lab is one of the first in the country to sequence samples of virus that causes COVID-19
https://www.virginiamercury.com/2020/04/08/virginias-state-lab-is-one-of-the-first-in-the-country-to-sequence-samples-of-virus-that-causes-covid-19/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=2d59589b1d-EMAIL_CAMPAIGN_2020_04_09_02_03&utm_medium=email&utm_term=0_00e3179567-2d59589b1d-148454077
 
State extends ban on utility service disconnects
https://www.virginiabusiness.com/article/state-extends-ban-on-utility-service-disconnects/
 
Chesterfield furloughs 500 positions as local governments rework budgets
https://richmondbizsense.com/2020/04/01/chesterfield-furloughs-500-employees-as-local-governments-rework-budgets/?utm_source=Richmond+BizSense+Daily+Newsletter&utm_campaign=a72ec7c1e5-EMAIL_CAMPAIGN_2020_04_01_12_08&utm_medium=email&utm_term=0_00e3179567-a72ec7c1e5-148454077
 

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

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