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An update on companies and trends featured in recent issues

Congress has approved a deal that will require the Navy to postpone retirement of the aircraft carrier USS John F. Kennedy until early next year. The deal was included in an $82 billion measure to fund the Iraq war. May’s issue discussed the ripple effect that retirement of the carrier could have on the Hampton Roads economy.

 

In May, Mayor L. Douglas Wilder and Richmond City Council compromised on a two-year budget that increased spending for police and schools. The budget eliminates $800,000 worth of city positions and trims $2.7 million from economic development deals. Wilder’s plans for the city were outlined in April’s issue.