Hampton Roads Business Guide

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Money matters

TowneBank increases lead in market share

For the most part, the most prominent banking institutions in Hampton Roads stayed the same in fiscal year 2021, with Suffolk-based TowneBank holding the top market share of 27.49% (up…

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Motorists drive through a flooded section of Llewellyn Avenue near the Lafayette River in Norfolk. So-called nuisance flooding can get into backyards and happens every high tide in the neighborhood known as Colonial Place. Photo by Will Parson, Chesapeake Bay Program

Flood warning

Sea-level rise predictions become more dire for region

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Situated on a bank of the Hague, the Y-shaped inlet off the Elizabeth River that shares a name with the city in the Netherlands, Norfolk’s Chrysler Museum of Art is…

Daniel Markes is CEO of Markesman Group, a Newport News federal contracting business that was the top-ranked Hampton Roads business on this year’s Inc. 5000 list. Photo by Mark Rhodes

Climbing the ladder

Four regional companies make Inc. 5000’s top 1,000

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Four Hampton Roads companies made it into the elite top 1,000 of this year’s Inc. 5000 list of the nation’s fastest-growing private companies, based on revenue growth during the past…

USS John C. Stennis arrived at Huntington Ingalls Industries’ Newport News Shipbuilding division on May 6 to begin its midlife refueling overhaul and maintenance availability. The ship will be the seventh Nimitz-class aircraft carrier to undergo its refueling and complex overhaul. Photo by Ashley Cowan / Huntington Ingalls Industries

All hands on deck

Military has outsized economic impact on region

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The military’s impact on Hampton Roads is unmistakable. Drive along the Hampton Roads Bridge-Tunnel and it’s nearly impossible to miss the hazy gray of U.S. Navy vessels docked at Naval…

Opportunity floats

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Read the feature on sea level rise in Hampton Roads. Although local, state and federal government officials are leading coordinated efforts to combat flooding, other groups in Virginia see business…

Tidewater Community College’s welding program is part of a multipronged effort to train local residents for shipbuilding and repair jobs in the region. Photo courtesy Tidewater Community College

Building up

Collaborative effort focuses on maritime job training

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Over the next several years, the Hampton Roads area will need about 8,000 more people ready to take skilled jobs in the maritime industry, officials at the Maritime Industrial Base…

Sandra Hood, president of the Virginia Peninsula Association of Realtors, says 2021 has been extraordinarily difficult for prospective homebuyers. Photo by Mark Rhodes

It’s a seller’s world

Residential real estate market runs hot

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Sandra Hood finally went on a much-needed vacation in mid-August. Even so, Hood, the managing broker of Coldwell Banker Traditions in Newport News and president of the Virginia Peninsula Association…

Executive insights

Six Hampton Roads leaders discuss the impact of the pandemic on their organizations and the region at large, as well as the future of the region’s workforce and economy.

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Buffy Barefoot President – Virginia Beach, TowneBank, Virginia Beach What is the most pressing issue facing the Hampton Roads region in terms of its economic health? The ability to attract…

Letter from the publisher: Big impact

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It’s nearly impossible to overstate the positive role that Hampton Roads plays in Virginia’s economic health. The region doesn’t fit neatly into a single name, location or brand. Is it…