Virginia Business Headlines for February:

Tysons-based GTT to buy European data firm for $2.3B in cash

The tallest building in Chesapeake is almost done. What else is Dollar Tree planning?

Hunton & Williams strikes big Texas merger

Bon Secours Health System announces intent to merge with Mercy Health

Cuisine Solutions expands in Loudoun County

General Dynamics to acquire CSRA

Groome hitches ride with NY investment firm

Amazon Web Services plans new data center campus in Loudoun

MVP to pay $27.5 million for tree-cutting, other environmental impacts of pipeline

Manufacturer expects to create more than 400 jobs in Bristol

Region remains in the hunt for Amazon headquarters

New solar project approved for Gloucester County

Virginia Econ/Government Headlines for February:

House panel next to consider Senate coal ash legislation

House budget proposal includes $350 million for Norfolk channel-deepening project

Runway expansion to begin at Virginia Tech Montgomery Executive Airport

2017 retail sets record in Charlottesville region

Over $1.5 million in GO Virginia grants will fund four Hampton Roads projects

City, shipyard, real estate officials mark groundbreaking on new shipyard building

City Council increases Richmond meals tax

Fight against gerrymandering advances at Capitol

Norfolk Admirals sign new lease to keep the ECHL team at Scope at least 3 more seasons

With land purchase, Charlottesville-Albemarle Airport looks to future expansion

Virginia House panel votes down bill to block government subsidies for new Redskins stadium

Hampton Roads' first carrier-neutral data center to open near subsea cable landing in Virginia Beach

Virginia metro jobless rates fall

Virginia ranks ninth in the country for green building

Herring joins 11 state attorneys general in opposing offshore drilling

Charlottesville restaurant owners seek changes to meals tax

VIRGINIA BUSINESS AND ECONOMIC UPDATE

MARCH 2018

UNION WEALTH MANAGEMENT | 3900 WESTERRE PKWY, 2ND FL, RICHMOND, VA 23233 | 804-774-2087 | WWW.BANKATUNION.COM/WEALTH

News Headline Sources: Richmond BizSense, Virginia Business

Click headline to access article

Click headline to access article

Virginia Employment by Region January January Change January

(in thousands, seasonally adjusted) 2017 2018 (P) %

Unemp. Rate

(P)

Total Virginia Nonfarm Workers 3,940.2 3,960.1 0.5% 3.6%

Blacksburg 73.6 72.7 -1.2% 4.0%

Charlottesville 112.9 116.3 3.0% 3.4%

Harrisonburg 67.2 67.6 0.6% 3.5%

Kingsport 120.1 120.6 0.4% 4.0%

Lynchburg 102.2 102.4 0.2% 4.4%

Richmond 657.8 661.8 0.6% 3.8%

Roanoke 158.3 157.4 -0.6% 3.7%

Staunton-Waynesboro 49.2 49.3 0.2% 3.7%

Virginia Beach 760.6 761.6 0.1% 4.0%

Washington DC metro 2,631.6 2,669.1 1.4% 3.8%

Winchester 61.8 63.4 2.6% 3.4%

Source: U.S. Bureau of Labor Statistics

(P) Preliminary

Virginia Employment by Sector January January Change

(in thousands, seasonally adjusted) 2017 2018 (P) %

Total Virginia Nonfarm Workers 3,940.2 3,960.1 0.5%

Mining and Logging 7.9 8.1 2.5%

Construction 191.6 196.7 2.7%

Manufacturing 233.2 236.6 1.5%

Trade, Transportation, and Utilities 664.0 659.3 -0.7%

Information 68.2 68.3 0.1%

Financial Activities 203.4 205.9 1.2%

Professional & Business Services 721.1 733.3 1.7%

Education & Health Services 528.3 531.0 0.5%

Leisure & Hospitality 403.7 400.5 -0.8%

Other Services 202.1 205.1 1.5%

Government 716.7 715.3 -0.2%

Source: U.S. Bureau of Labor Statistics

(P) Preliminary

Regional Economic Snapshot

Virginia Business and Economic Update, March 2018

page 2

Long-Term Job Growth for Q2 2017 Increase Total Nonfarm Employment, Dec. 2016 – Dec. 2017

% Change in Employment, Roanoke Area

UNION WEALTH MANAGEMENT | 3900 WESTERRE PKWY, 2ND FL, RICHMOND, VA 23233 | 804-774-2087 | WWW.BANKATUNION.COM/WEALTH

Average Hourly Wages, Roanoke Area

Source: Virginia Chamber of Commerce Source: Virginia Chamber of Commerce

% Change in Employment, Richmond Area Average Hourly Wages, Richmond Area