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News & Press: 2018 Economic Development News

TSS Today's Clips-Monday, March 19

Monday, March 19, 2018   (0 Comments)
Posted by: Jeanne Ali
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Below are newspaper articles from around the Commonwealth that you may find of interest.These materials are to inform you of developments that may affect your business and are not to be considered legal advice. If you have any questions please contact Mike Woods.

 

GO Virginia regional chairman says SW Va.’s economy faces ‘serious challenges’

The regional chairman of GO Virginia — an initiative designed to bring more jobs to the commonwealth — admits that recent statistics revealed about Southwest Virginia’s economic climate…

Dickenson County files $30 million suit against drug makers, others

Dickenson County this week filed a $30 million lawsuit against the makers of painkillers and the companies that distribute them and oversee prescription benefit plans…

Hanger thinks expanded Medicaid could be part of final budget

Sen. Emmett Hanger said he believes a final Virginia state budget can include Medicaid expansion. But Hanger, co-chairman of the Senate Finance Committee and a budget conferee, said accepting the federal funds for Medicaid expansion must be done without taxing Virginia hospitals…

Three entities competing for HRBT expansion project

Three design-build entities want to construct the Hampton Roads Bridge-Tunnel expansion. The expansion project will include a new bridge-tunnel and widening of the four-lane segments of Interstate 64 in Hampton and Norfolk...

Metro bill’s hidden cost: $100 million a year less to unclog traffic in Northern Virginia

Despite enthusiasm in Northern Virginia for the state’s landmark Metro funding bill, the plan threatens to exact a higher-than-expected cost in delaying or killing several road projects that would relieve some of the region’s most severe traffic headaches…

DEQ cites Atlantic Coast Pipeline for tree felling violations

While actual pipeline construction has not started, Virginia's Department of Environmental Quality has cited the Atlantic Coast Pipeline for failing to maintain adequate distance from wetlands and streams at 15 separate central Virginia locations while…

Electric Coop to invest $110 Million in Rural Broadband

Like many rural counties across the nation, Fluvanna County suffers from limited access to high-speed internet access. Now, the Central Virginia Electric Cooperative (CVEC) has a plan to change that with an aggressive five-year plan to connect all 36,000 members-- including 8,900 in Fluvanna County--to broadband…

Mecklenburg Electric Cooperative's Empower Project receives $2.6 million grant

On Thursday, March 8, the Virginia Tobacco Region Revitalization Commission (TRRC) met and approved Mecklenburg Electric Cooperative’s request for a $2.6 million grant to deploy 135 miles of last-mile fiber broadband across Southside Virginia through its subsidiary, EmPower Broadband Cooperative (EBC)…

Fort Monroe launches foundation to help raise $12M for projects

The Fort Monroe Authority has a hefty wish list: A new visitors' center by next year. Upgrades to its Quarters No. 1, the historic officers' residence. New front entrance signs. And it all comes with a sensational price tag…

Peninsula property owners can submit sites for potential film production

You never know what a filmmaker or production company might need when it comes to finding places to shoot in Virginia, officials say…

Indian Tribe’s plans could bring the first casino to Virginia

Virginia’s first casino could be in the cards, now that officials of an Indian tribe that recently won federal recognition have started to look for land to house a $700 million resort and gambling center…

Council: Supports continuing Redskins camp only if team picks up $750K annual costs

Richmond City Council members are formally registering their opposition to renewing the deal that brought the Washington Redskins’ annual summer training camp to Richmond in 2013…


City, Stone Brewing seek to demolish Intermediate Terminal building

In a change from plans first approved three years ago, the City of Richmond and Stone Brewing now are looking to raze a long-vacant building along the James River to make way for…

Carvana billboard blitz in Richmond area is the ultimate drive-by

The Arizona-based online used auto retailer has placed dozens of billboards along I-95, Interstate 64 and Interstate 195 in the Richmond area advertising its e-commerce car buying service. The 5-year-old company expanded to the Richmond market…

Inside block.one, the $1.5 billion cryptocurrency startup taking shape in Blacksburg

At a time when cryptocurrencies are moving into the mainstream, EOS is among the most prominent. And it’s taking shape in a small, empty-walled office at the Virginia Tech Corporate Research Center…

MGT creditor wants freed from bankruptcy freeze

A subcontractor wants permission to continue its four-year legal fight against the local firm whose bankruptcy filing last month put a hold on the two sides’ dispute over six figures' worth of allegedly unpaid work…

Virginia Beach company claimed it was small when it wasn't and got sued

What happens when a big guy impersonates a little guy to land a government contract? One Chesapeake jury decided it warrants a $3.8 million verdict in favor of a bidder who lost, awarding more in punitive damages than allowed under Virginia law…

CACI seeks to acquire CSRA, setting off a Beltway bidding war

CACI International, an Arlington-based defense contractor, is making a move to acquire CSRA, a government IT services conglomerate, in a $7.2 billion deal…

Maryland House passes bill to put sports betting on ballot

An overwhelming majority of members of the Maryland House of Delegates on Thursday passed legislation that could let voters weigh in on whether the state should legalize sports betting at its racetracks and casinos…


Bevin administration expects Work Ready scholarship to balloon after Medicaid waiver

A scholarship program started last year to help more people get technical workforce training certificates has been used by fewer than 1,500 students so far, but state officials said Thursday they expect a dramatic increase thanks to a new requirement that many Medicaid recipients must get jobs or go to school to keep their insurance…

Finally, Region to get much-needed road money

At last, a bill that will help pay for critical transportation projects in the Hampton Roads region has passed the legislature and awaits only the signature of Gov. Ralph Northam. Once the bill becomes law, it will begin to fix a costly mistake dating back five years…

We’ve been here before: Budget impasse 2018

The Virginia Constitution places a single requirement on the General Assembly: the responsibility to pass a balanced biennial budget for the commonwealth. For the fourth time in the last 14 years, that task has proved too much

 

 

 

Michael W. Woods
Senior Manager - Virginia

Direct: 804.697.2256 | Mobile: 804.339.0260
mike.woods@troutman.com

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