From The Washington Post: Just a year after sluggish household income reports in the District of Columbia prompted speculation that the city’s boom years were ending, new numbers from the Census Bureau released Thursday suggest District household income has swung dramatically back up. Median household income for the city in 2017 was $82,372, 9.1 percent higher than in…
From The Washington Business Journal (subscription required): The senator who chairs the Virginia commission that oversees major economic development incentives predicts lawmakers will support both the $70 million incentive package announced recently for Micron and one for Amazon.com, should the Seattle company select the commonwealth for its second headquarters. State Sen. Frank Ruff, R-Mecklenberg, called both incentive…
From The Washington Post: Micron, a publicly traded semiconductor manufacturer based in Boise, Idaho, announced Wednesday that it plans to spend $3 billion to expand production at its plant in Northern Virginia, kicking off what Manassas mayor Hal Parrish called “the largest investment by a corporation in the Commonwealth of Virginia — ever, to my knowledge.” The expansion…
From The Washington Business Journal: With the stroke of a pen President Donald Trump erased potentially $882 million from the D.C.-area economy for 2019. At least, that’s the estimated economic impact from Trump’s cancellation of 2.1 percent federal pay increases that were to kick in on Jan. 1 for approximately 364,300 federal employees in the region, according to…
From The Washington Business Journal: Long-marinating plans to diversify Greater Washington’s economy beyond its outsized dependence on the federal government got a shot in the arm Wednesday with the news that Micron Technology Inc. will invest $3 billion at its Manassas manufacturing plant and create 1,100 new jobs. That the catalyst is a manufacturing initiative — in this case, a…
