Someone with military fixed wing experience need only come to get 121 time. You probably don't need to upgrade to be competitive at a major, but they will likely want to see a year or two in the 121 world.
If you live in the ORF region you could do a lot worse than come to ZW. Commuting in and out of ORF is horrible so you probably just want to be at ZW and drive to work.
Unless you're offered a job at a major first, and ZW calls you and offers you a job, I'd go with ZW over other regionals at this point.
The contract is decent and the commute in and out of ORF being what it is makes this an easy decision.