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Chesterfield Home Values Almost Complete Recovery From 2008 Recession

Home values in Chesterfield County have made an almost complete recovery from the 2008 recession, and it makes county planning easier, and an increase in the tax rate less likely.

Americans lost trillions of dollars in home values during the recession, but in Chesterfield, it’s all coming back. “Oh, this is good news…,” Lou Lassiter, Deputy County Administrator says, “People’s home values have rebounded to 97% of where they were back in 2008.”

Nestle To Relocate U.S. Headquarters To Northern Virginia

Nestle, the world’s largest packaged food company, will move its U.S. headquarters from California to Northern Virginia.

Governor McAuliffe says the global powerhouse, with worldwide sales of about $9.7 billion, will move from Glendale, California to Rosslyn, bringing with it hundreds of jobs.

Nestle was lured to the area with about $16 million in state and county subsidies and will spend about $40 million more to move into the one of the regions newest and tallest buildings at 1812 Moore Street in Rosslyn which until now had been vacant.

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