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Flood warning
Sea-level rise predictions become more dire for region
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 no stranger to the impacts of high tides, as well as flooded streets and parking lots during heavy rainfalls. Right now, flooding is mainly a
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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 three years. Although many industries were affected by the COVID-19 pandemic last year, the region’s top-ranked Inc. 5000 businesses are in government contracting and real
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 Station Norfolk, the world’s largest naval station. A few minutes spent in Virginia Beach and one is likely to hear the roar of a Navy
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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 potential from the crisis. The OpenSeas Technology Innovation Hub, a collaboration between Old Dominion University and William & Mary’s Virginia Institute of Marine Science, is
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 Ecosystem estimate. Leaders from higher education and other organizations across the Hampton Roads area are stepping up to make sure those positions don’t go unfilled.
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 of Realtors, took advantage of a rainy morning at the beach to open her laptop and get some work done. “It’s the most difficult market
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 companies offering shiny employment opportunities for young professionals graduating from college. Having one child who just graduated from college and another one in college, it
Commercial realty: Demand remains high
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Read our residential real estate story. Trends are also pointing in a mostly positive direction for the region’s industrial, commercial and retail real estate markets, according to Ed Kimple, a senior vice president with Cushman & Wakefield | Thalhimer. Office vacancy rates were at 9.2% for the second quarter, an increase over the 8.5% recorded
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 coastal, is it the beach or is it the Port of Virginia? Is its economy mostly maritime, mostly military, mostly manufacturing, mostly international trade, or
An overview of Hampton Roads
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Hampton Roads is the state’s second-most populated region, with approximately 1.75 million residents in 17 localities, including Virginia Beach, the state’s largest city by population with about 459,000 residents, according to the 2020 population count. More than 120,000 active-duty and reserve members of the military, as well as civilian personnel, work at nine installations representing