economy

Virginia is home to over a third of the data centers worldwide. These energy hungry facilities have brought business to the commonwealth, but communities are seeing the impact of the electricity and water usage hit their utility bills. Now, many localities are debating how to balance the opportunities and challenges data centers present, and grappling with how to regulate them.

Governor Glenn Youngkin announced today that Stone Ledge Cider will construct a new craft cider production facility and tasting room on the grounds of their 20-acre agritourism farm in Augusta County.

The Republican tax bill, including its provision to eliminate the $200 tax and registration requirements for firearm silencers, represents a practical approach to reducing government overreach while promoting individual freedoms and economic growth. Contrary to the criticisms from Senators Mark Warner and Tim Kaine, this legislation prioritizes the needs of law-abiding citizens and offers significant benefits for both the economy and public safety.

Virginia’s general fund revenues rose sharply in April, bucking signs of a national economic cooldown as the state continues to post steady long-time job growth and rake in more tax dollars than projected.

The Virginia Mercury article (May 19, 2025) argues that President Donald Trump’s executive order halting offshore wind project approvals, permits, and funding is detrimental to Virginia’s economy, particularly the Coastal Virginia Offshore Wind (CVOW) project, and criticizes Republican leaders like Governor Glenn Youngkin and Attorney General Jason Miyares for not opposing it.

The next time you’re on a Zoom meeting or asking ChatGPT a question, picture this: The information zips instantaneously through a room of hot, humming servers, traveling hundreds, possibly thousands of miles, before it makes its way back to you in just a second or two.

Northern Virginia leaders urged lawmakers on Tuesday to enact emergency legislation to help stabilize their local economy as the White House cuts federal jobs, which they said has sharply impacted the dense cluster of government employees and contractors based in the suburbs of the nation’s capital.

Even as economic turmoil is looming, apartment rents in Northern Virginia continue to rise year-over-year.

The Cordish Cos., based in Baltimore, and Virginia Beach developer Bruce Smith Enterprise broke the ground on Wednesday for the $1.4 billion Live! Casino & Hotel Resort Petersburg.

Diode Ventures, a Kansas-based company, recently submitted plans to county Planning Commission and Board of Supervisors for rezone 515 acres approximately 20 miles east of Richmond in order to create a datacenter campus named Roxbury Technology Park.

News of Trump's re-election to the White House sent markets surging Wednesday.

American consumers have seen prices increase by 22% under the Biden Administration. In a recent survey by the Pew Research Center, consumer prices have significantly...