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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, 2 ND 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
