From The Washington Business Journal (subscription required): For years, the economic forecasts have been painfully dim. Greater Washington isn’t growing as fast as its peers. It’s lagging in the high-paying jobs that count. It’s losing more millennials than it can hang onto. Ten years after the Great Recession caused the national economy to buckle to its…
From The Washington Post: The D.C. area economy generated 64,900 new jobs in the one-year period ended in August, the Bureau of Labor Statistics reported Friday, capping off a strong summer for the local job market. The number of federal jobs across the region dropped, however, while the category that includes federal contractors saw the largest…
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…
