Regional News

The Hampton Roads Economic Development Alliance is Pleased to Announce that Pacorini will Locate in Suffolk
Pacorini, the largest provider of logistics services for the global coffee market, has selected a 150,000 square foot warehouse facility in Suffolks Northgate Industrial Park for its newest location. The company will invest over half a million dollars in the newly leased facility while creating 10 jobs.
Becker Hydraulics USA Inc. Opens Manufacturing Facility in Chesapeake
The Hampton Roads Economic Development Alliance is pleased to announce that Becker Hydraulics of Herdorf, Germany will invest over half a million dollars in a manufacturing facility in the City of Chesapeakes Cavalier Industrial Park and create 10 new manufacturing jobs. Other locations include Ningbo, China and Seoul, South Korea.
Virginia Department of Defense (DoD) Procurement Economic Impact Evaluation Model
The evaluation model, created by Chmura Economics & Analytics, is made up of a supply-chain mapping of DoD contract awards, including sales and employment impacts from product service codes to industries and occupations.
Vice President Joe Biden in Norfolk to Announce Grant to Virginia Port Authority
Biden's September 24 visit was to applaud the Virginia Port Authority on receiving a $15 million federal grant for upgrades to the North Gate complex at Norfolk International Terminals. The TIGER grant is to be matched with Port Authority funds of $16 million. The project will link the gate with the planned Interstate 564 Intermodal Connector.
Virginia Department of Taxation Publishes Updated Guidelines for Virginia Port Tax Credits
Virginia's Back-To-School Sales Tax Holiday is August 1-3, 2014
Take advantage of August Sales Tax Holiday and purchase school supplies, clothing and footwear
Leaders Applaud McAuliffe for Executive Order Expanding Opportunity for Small, Women, and Minority Owned Businesses
Governor McAuliffe visited Astyra Corporation in Richmond on July 22 to sign Executive Order 20: Advancing Equity for Small, Women, and Minority Owned Businesses. The executive order is designed to expand contracting opportunities to small, women-owned and minority-owned (SWaM) businesses in the Commonwealth and set a higher bar for SWaM contracting in Virginia state government.
Four Democratic Incumbents Resigned-Special Elections
Four democratic incumbents resigned on June 30. With the resignations of Delegate Bob Brink, Delegate Algie Howell, Senator Henry Marsh, and Senator Phil Puckett, Virginia will now have at least three special elections on August 19.
Expert Panel Discusses Affordable Care Act's Impact on Small Business
An informative panel forum titled "Doing Business in the Affordable Care Act Era" was hosted by Inside Business at The Founders Inn on June 27. Hampton Roads Chamber of Commerce President & CEO Bryan K. Stephens was one of the five panelists. One of todays biggest concerns for businesses is a healthy workforce. so this presentation and panel dialogue was timely. The Affordable Care Act (ACA) is the national health reform, which includes new responsibilities and opportunities for employers.
Virginia Takes No. 8 in the 2014 America's Top States for Business Rankings
CNBC concludes their rankings for the 2014 Americas Top States for Business. Taking the No. 1 spot is Georgia with a total of 1,659 out of 2,500 points.
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