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Data centers added $54.2B to Va. GDP over five years
Industry supported 86,000 jobs in Va. in 2021, PwC study says
The data center industry contributed $54.2 billion to Virginia’s gross domestic product from 2017 to 2021, according to a PricewaterhouseCoopers study released Tuesday. That calculation includes indirect impacts from other
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FloydFest cancelation causes economic ripples
Published
FloydFest, a five-day celebration showcasing more than 100 performers, has had an annual regional economic impact of about $4 million since its 2002 founding, according to festival organizers. Even so,
AWS reports it invested $51.9B in Va. from 2011-21
Amazon subsidiary opened its first data center in Va.
Published
Amazon Web Services Inc. invested more than $51.9 billion in Virginia between 2011 and 2021, according to an economic impact statement released by the company Wednesday. That investment total includes
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Fifth District economy little changed since August, Fed says
Demand for several sectors drops in face of inflation
Published
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been largely unchanged since August, according to the
Economic growth to continue slowing, ODU experts say
Mid-year forecast predicts increased risk of recession
Published
The U.S. economy will continue to slow in the second half of 2022 and a recession is increasingly likely, according to the Old Dominion University’s Dragas Center for Economy Analysis
Port of Va. had $100B+ economic impact in FY21
Port set cargo handling record amid pandemic
Published
Amid some of the toughest months of the pandemic, the Port of Virginia set cargo records, processing more than 3.2 million TEUs (20-foot equivalent units) for the fiscal year ending