Virginia Business Headlines for November:

Southern VA sees workforce investments pay off

Norfolk Southern may owe city if its headquarters moves

Dominion Energy, Smithfield Foods form manure-to-energy venture

Altria in talks to take significant minority stake in Juul Labs

Advance Auto to relocate headquarters to N.C. but keep Roanoke jobs

Virginia moves up to No. 4 on Forbes magazine’s Best States for Business list

New York-based booze delivery service is thirsty for the Richmond market

As Genworth pushes toward merger completion, one report questions viability deal

Autonomous shuttle coming to Crozet

Company’s expansion in two locations to bring 805 jobs to Virginia

What a Norfolk Southern exit could mean for Hampton Roads

Manufacturer expanding in Winchester

British company is locating first U.S. plant in Southern Virginia

Goochland-based Luck Stone has acquired two businesses in South Carolina and Georgia

Virginia Econ/Government Headlines for November:

Army Corps suspends permit for Atlantic Coast Pipeline to cross streams in three states

Dockless scooter proposal heads to RVA City Council

Inside Project Cooper: How Virginia Tech helped land Amazon without the biggest incentive check

Two Virginia nonprofits receive $2.5 million from Bezos Day One Fund

Virginia unemployment stays steady

Port of Virginia posts record month

Jobless rates fall in Virginia metro areas

Virginia got a deal on its half of Amazon’s HQ2 compared to New York, but is it really ‘zero risk’?

Winners and losers from Amazon’s HQ2 decision

Virginia Tech's Promise to build a new campus helped seal Amazon's Virginia headquarters deal

Mountain Valley submits application for new pipeline to North Carolina

Charlottesville establishes rules for e-scooter sharing

Chesterfield County leads region in job growth

Justices appear skeptical of effort to overturn Virginia uranium mining ban

$1.4B Coliseum redevelopment plan receives mayor’s support, now goes to RVA City Council

Virginia farmer wants to harvest his uranium

Stoney's special tax zone for $1.4 billion Coliseum plan in downtown Richmond may be 8 times bigger than initial 10-block project area

VIRGINIA BUSINESS AND ECONOMIC UPDATE

DECEMBER 2018

UNION WEALTH MANAGEMENT | 4355 INNSLAKE DRIVE, RICHMOND, VA 23060 | 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 Oct Oct Change Oct

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

Unemp. Rate

(P)

Total Virginia Nonfarm Workers 3,956.3 4,027.7 1.8% 2.9%

Blacksburg 77.4 79.4 2.6% 2.9%

Charlottesville 119.1 122.8 3.1% 2.4%

Harrisonburg 68.8 69.5 1.0% 2.7%

Kingsport 122.2 123.6 1.1% 3.6%

Lynchburg 104.6 106.6 1.9% 3.1%

Richmond 676.8 686.1 1.4% 2.7%

Roanoke 160.9 164.7 2.4% 2.7%

Staunton-Waynesboro 50.1 51.4 2.6% 2.5%

Virginia Beach 782.5 792.6 1.3% 3.1%

Washington DC metro 2,700.3 2,747.5 1.7% 3.3%

Winchester 64.5 66.6 3.3% 2.6%

Source: U.S. Bureau of Labor Statistics

(P) Prel iminary

Virginia Employment by Sector Oct Oct Change

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

Total Virginia Nonfarm Workers 3,956.3 4,027.7 1.8%

Mining and Logging 8.1 8.4 3.7%

Construction 194.9 203.6 4.5%

Manufacturing 233.6 243.0 4.0%

Trade, Transportation, and Utilities 662.2 674.5 1.9%

Information 66.4 66.3 -0.2%

Financial Activities 205.6 211.1 2.7%

Professional & Business Services 733.8 754.0 2.8%

Education & Health Services 531.5 546.8 2.9%

Leisure & Hospitality 400.8 415.6 3.7%

Other Services 203.6 207.4 1.9%

Government 715.8 697.0 -2.6%

Source: U.S. Bureau of Labor Statistics

(P) Prel iminary