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News & Press: 2018 Economic Development News

TSS Today's Clips-Thursday, March 29

Thursday, March 29, 2018  
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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.

 

'No Megasite' calls kick off budget public hearing in Chesterfield

Another effort underway by the county Economic Development Authority to attract a company to an industrial megasite in the southeastern portion of the county stole some of the focus of the evening portion of the supervisors’ meeting…

Dominion warns bill removing nuke surcharge could end merger

A Virginia power company says if South Carolina lawmakers pass a bill removing the monthly charge for two nuclear plants that will not be built then it will likely withdraw a merger offer…

Dominion Energy makes moves to boost credit profile including selling 20 million shares of stock

Dominion Energy Inc. announced a series of moves Tuesday aimed at boosting the Richmond-based company’s credit profile while maintaining its bond ratings. The actions came in the face of a decision by the Federal Energy Regulatory Commission earlier this month that dealt a blow to the…

Northam: Tax increases could be part of Metro funding package

During his monthly appearance on WTOP’s Ask the Governor program, Virginia Gov. Ralph Northam suggested that proposed changes to the Metro funding bill might include tax hikes that the General Assembly had stripped from the bill…

Survey shows internet access a problem for Botetourt businesses, residents alike

Botetourt County residents who took part in a survey overwhelmingly agree that the county’s government should prioritize bringing better internet and cellphone service to their community…

Open government advocates file FOIA requests for information on Amazon's HQ2

Washington region residents have filed Freedom of Information Act requests to D.C., state and local governments, including Loudoun County, in hopes of discovering the breadth of incentives being offered to Amazon in hopes of landing the web and retail giant's second headquarters…

Newark aims to keep Amazon HQ docs out of public view

Newark, New Jersey, urged a state court Tuesday to toss a lawsuit aimed at compelling the public disclosure of its bid to land Amazon’s second U.S. headquarters, arguing that releasing the information would put the city at a competitive disadvantage…

Virginia Beach mayor says he has no regrets about failed bids to land arena and Amazon

During his State of the City speech last year, Mayor Will Sessoms let loose an enthusiastic “Game on!” as he announced a deal with a developer to build a sports and entertainment arena near the Oceanfront…

Fairfax government preps hearings to regulate Airbnb-style rentals

It was inevitable: The freewheeling world of short-term rentals likely will be regulated soon by the Fairfax County government…

FERC denies resumption of pipeline tree cutting

The Federal Energy Regulatory Commission Wednesday denied the resumption of tree felling operations for the Atlantic Coast Pipeline…

Roanoke Valley’s regional landfill to continue using rail transport

The Roanoke Valley’s trash train will continue to run. Despite two years of study, planning and millions spent in preparation for hauling the region’s trash to the landfill via truck, the board…

Martinsville Council hears more about how other cities reverted

Reversion does not have to create animosity between an independent city that legally becomes a town and the county of which it becomes part, according to representatives of two localities who have been through the process…

VA. Democrats urge Fairfax and Prince William to ban loaded shotguns, rifles on roads

A group of Northern Virginia lawmakers, frustrated over a failure to pass gun-safety measures in Richmond, is pushing the state’s two largest jurisdictions to use an existing law that allows local governments to bar people from driving with a loaded shotgun or rifle…

‘Goliath’ code-named project floated for Chesterfield

Part of a Chesterfield County site once slated for a Chinese paper factory soon could be carved out to make way for another large-scale industrial project…

Hack of Baltimore's 911 dispatch system was ransomware attack, city officials say

The attack infiltrated a server that runs the city’s computer-aided dispatch, or CAD, system for 911 and 311 calls. The system automatically populates 911 callers’ locations on maps and dispatches the closest emergency responders there more seamlessly than is possible with manual dispatching. It…

Utah governor signs Medicaid expansion bill. Now, Utah waits to see if the feds approve it

Gov. Gary Herbert signed a measure Tuesday to give more than 70,000 needy Utahns access to government health coverage, ending years of failed attempts on Capitol Hill to expand Medicaid in the state…

Iowa bill allowing plans to skirt Obama's Affordable Care mandates sent to Gov. Reynolds

The Iowa Senate gave final approval Tuesday to controversial legislation that would exempt certain health plans fromAffordable Care Act mandates. The legislationcombines two proposals backers say would reduce health insurance costs, butcritics worry could undermine consumer protections…

This company beat the odds to become one of the world's most 'innovative' drug giants

What makes a drug company “innovative”? This is a term that regularly gets tossed around in the biopharma industry—a high-risk, high reward sector wherein a promising experimental treatment in the early stages may ultimately prove a commercial bust…

WV Gov. Justice quietly signs SNAP work requirement bill

Starting Oct. 1, 2018, any able-bodied adult — a person between 18 and 49 years of age without dependents — must either work, volunteer or participate in workforce training programs for 20 hours per week to receive SNAP benefits…

Chief Justice searches for way out of Gerrymandering case

Chief Justice John Roberts Jr. and others on the U.S. Supreme Court scrambled Wednesday for a way out of a challenge to Maryland’s Sixth Congressional District without miring courts in gerrymandering cases for years, but even he found what state officials did in the case hard to stomach…

Porsche subscription model is working and it’s attracting younger drivers, exec says

Porsche Passport, the luxury car brand's subscription service that began in Atlanta last November, is attracting younger-than-expected drivers to the 87-year-old legacy company…


Opportunity Knocks

Buried on page 130 in the new Tax Cuts and Jobs Act is a measure aimed at revitalizing America’s struggling neighborhoods by putting trillions of dollars in cash—unrealized capital gains—to work. Last week, governors from around the country…

Stop the bleeding. Preserve the coal fleet

With almost 600 coal plants shut down since 2010, we are racing towards a grid reliability crisis of our own making. Millions of Americans are at risk of electricity price spikes from a loss of energy diversity…

 

 

Michael W. Woods
Senior Manager - Virginia

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

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1001 Haxall Point| P.O. Box 1122

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