Posted By HR Partnership on June 15, 2009

If you’re using the free micro-blogging site “Twitter” (where you tell your story in 140 characters or less), consider following the Hampton Roads Economic Development Alliance (HREDA) at http://twitter.com/HamptonRoadsEDA.  They re-tweet the economic headlines of the day from various local, professional Hampton Roads news sources.  Examples:

June 12, 2009, Virginia Port gains a new service, loses another (Daily Press): The Virginia port will be the first U.S. port of call on a new vessel service linking the East Coast with the Caribbean, the Virginia Port Authority said Thursday. The weekly service, which begins on Monday, is operated by CMA CGM, a French shipping firm with North American headquarters in Norfolk. A significant portion of the new cargo is composed of commodities and textiles from a handful of Caribbean islands, including Jamaica, Puerto Rico, Martinique and Aruba. To read more: http://bit.ly/4ruqf

June 11, 2009, Hampton Roads foreclosures down 23% in May (Daily Press): Foreclosure filings in upper Hampton Roads fell 23 percent between April and May but are still up five times from the number in May 2008. Last month’s 263 filings on the Peninsula, Middle Peninsula and Isle of Wight, which range from the first notification of a pending foreclosure to the lender taking ownership, is down from April’s 341 filings, according to RealtyTrac, which follows foreclosures nationally. Not all the properties may end up repossessed by the lender. To read more: http://bit.ly/19Yg3H

June 3, 2009, Virtexco to build $7.4 million training center (Daily Press): Virtexco Corp. will receive an additional $7.4 million from the Navy to build a Navy Cargo Handling Operations Training Center at Naval Weapons Station Yorktown’s Cheatham Annex. Norfolk-based Virtexo will build a two-story instructional and administrative building on the complex near Williamsburg. The work is expected to be complete by September 2010. http://bit.ly/30kjk

May 25, 2009, Hampton Roads companies top VA’s growth list (Inside Business): Perhaps a testament to the fact that government contracting sustains the region’s economy, two Hampton Roads contractors were named number one and two on the Virginia Chamber of Commerce’s Fantastic 50, a list that ranks the fastest growing companies in the state based on revenue growth. In all, seven local firms were among the 50, three in the top 10.  To read more:  http://tinyurl.com/qhf3rw

May 22, 2009, Terminal at Craney Island included in federal budget (Virginian-Pilot): At the urging of Virginia’s congressional delegation, the White House’s proposed 2010 budget will include $28.5 million for construction of a fourth state marine terminal at Craney Island in Portsmouth, the Virginia Port Authority announced Thursday. It would be the first appropriation of federal dollars toward the Craney Island project. “This officially turns the spigot on,” said Greg Edwards, the Port Authority’s director of external affairs. “It makes it easier to direct funds to an existing project.”  To read more:  http://bit.ly/1sLTi

May 16, 2009, Hampton Roads home sales swell and prices rise in April (Virginian-Pilot): Sales of existing homes picked up in South Hampton Roads in April, and home prices rose slightly as the spring selling season continued at a steady pace, according to a report released Friday. Real Estate Information Network Inc. released data showing that 841 homes sold last month, up 5.3 percent from March but 15.1 percent below the number sold in April 2008.  To read more:  http://bit.ly/tFfNp

May 15, 2009, Hampton Roads Shipping industry experts weigh in on recession’s effect (Virginian-Pilot): The shipping industry is reeling from the effects of the global recession, several maritime experts said Thursday, but relief will be arriving – eventually. January to March of this year was “just plain terrible” for East Coast trade, said William L. Ralph, a New York-based economist and consultant, at the Virginia Maritime Association’s sixth annual International Trade Symposium, attended by nearly 300 people.  To read more:  http://bit.ly/IeOmt

Categories: About Hampton Roads, Economy
Tags: Economy, Hampton Roads, HREDA