Virginia Economic Review

When executives at Traditional Medicinals decided to build an East Coast manufacturing and processing operation, they cast a wide net.

Maj. Gen. Ted Mercer is the new CEO and executive director of Virginia Space, the owner and operator of the Mid-Atlantic Regional Spaceport (MARS), collocated at the NASA Wallops Flight Facility on Virginia’s Eastern Shore.

COVID-19 has underscored the value of businesses embracing digital technologies in the healthcare space — from telehealth and remote patient monitoring to artificial intelligence (AI) for predictive analytics and diagnostic insights.

In recent years, the increased amount of available data — 64.2 zettabytes (equal to 1 trillion gigabytes) were created globally in 2020, compared to 2 zettabytes in 2010, according to Statista — and ways to analyze and use it have escalated the demand for data science professionals to fill data analyst, business intelligence engineer, and other roles.

E-commerce became the lifeblood of retailers and business-to-business (B2B) suppliers in 2020, yet the innovation that grew out of this need has disrupted industry norms forever. Research from the Retail Industry Leaders Association (RILA) and McKinsey & Co.

After a year of focusing on operations during the COVID-19 pandemic, data center investments are on the rise, with an eye on expanding capacity to meet pandemic-influenced changes in consumer behavior.

Consumers’ increasing demand for safe, sustainable, locally grown food is driving interest and investment in controlled-environment agriculture (CEA).

Across the wireless industry, 5G — the fifth-generation technology standard for broadband cellular networks, meant to deliver higher data speeds, lower latency, more reliability, and higher capacity — has been not just the next big thing, but a family of next big things.

Brantley Ivey, general manager of River Ridge Land and Cattle Co. and managing partner of Landcrafted Food, recalls overhearing a farmer comment at the Virginia Governor’s Conference on Agricultural Trade: “If you’re not selling everywhere you can domestically, don’t consider exporting.”

Beth Macy is a three-time New York Times-bestselling author. She is the author of “Factory Man,” “Truevine,” and “Dopesick,” books that tell separate stories, but all stories through which the challenges, issues, prospects, and hopes of rural America are studied in different ways.

Seth Martindale is a senior managing director with CBRE Consulting. He has extensive experience in real estate strategic planning, working with both private and public sector clients.

Ben Davenport has been a champion for economic development in rural Virginia for decades. Davenport is chairman of First Piedmont Corporation as well as Davenport Energy.

Companies Find Tech Talent in the Mountains and Valleys of Virginia Big cities have long been synonymous with economic opportunity. But what if that's not universally true?

Virginia Talent Accelerator Program Delivers Custom Workforce Solutions to Companies How does a company find and train the skilled employees that will ultimately determine whether it succeeds or fails?

Virginia looks to increase the availability of development-ready sites with a two-pronged approach of characterization and development, working to bring business-ready sites online with greater speed and transparency than ever before.

...and How One State Has Set Out to Tackle It The Brookings Institution recently published a troubling analysis highlighting an expanding economic divide between metro areas (especially large ones) and rural areas in the U.S., as large metro areas have enjoyed considerably faster growth than smaller metros and rural localities.

Tom Barkin is the president and chief executive officer of the Federal Reserve Bank of Richmond. Barkin joined the Richmond Fed in January 2018. In his time in Richmond, Barkin has taken an interest in the issues leading to a divide between urban and rural areas in the Fed’s Fifth District.

Technological advancements, supply chain disruptions, and safety, environmental, and other sociopolitical factors are changing the way people and products move around the country. Manufacturers are leveraging technology, new business models, and infrastructure improvements to chart a future path.