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News & Press: 2018 Economic Development News

TSS Today's Clips-Tuesday, April 3

Tuesday, April 3, 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.

 

As Virginia pipeline battles continue, Northam reappoints Head of State Environmental Agency

Gov. Ralph Northam has reappointed David K. Paylor as director as of the Virginia Department of Environmental Quality, the state agency at the center of the impassioned debate over the state’s handling of a pair of natural gas pipeline projects…

Virginia Governor oks paying ‘Norfolk Four’ $3.5M

Gov. Ralph Northam has signed legislation to provide nearly $3.5 million in compensation to the “Norfolk Four,” the U.S. Navy sailors who were wrongfully convicted and imprisoned for a 1997 rape and murder. Northam last week signed identical House and Senate bills to compensate…

Public hearings set for proposed Spotsylvania solar farm project

Spotsylvania residents will get a chance in May to give their opinions about a proposal to build the biggest solar farm in Virginia in the western part of the county…

Republicans lead Medicaid expansion push in 2 holdout States

Utah and Virginia are both closer than ever to making more low-income people eligible for free or low-cost health care. What made them change their minds?...

Newport News budget proposal calls for Peninsula’s first mental health court

A group of judges approached City Manager Cindy Rohlf about funding the Peninsula’s first “behavioral court,” which would establish help for the mentally ill charged with nonviolent crimes…

One of the "big guys" now, TowneBank could benefit from banking bill

The regional bank that has grown to have more than $10 billion in assets and has the largest market share in Hampton Roads, could be exempt from intense Dodd-Frank stress tests if the legislation passes…

In HQ2 site visits, Amazon focuses on education, tech-talent pipeline

Described as a "frugal" company in a new Wall Street Journal report, Seattle-based Amazon has been scoping out sites on its HQ2 shortlist since January — taking a particular interest in education and the tech-to-talent pipeline in the 20 cities still in contention for its second headquarters…

Hunton & Williams law firm is now called Hunton Andrews Kurth

Hunton & Williams, which was founded in Richmond and operates its largest office here, is no longer. The law firm is now called Hunton Andrews Kurth LLP. The name change is part of a merger, effective Monday, between Hunton & Williams and Texas law firm Andrews Kurth Kenyon LLP…

Northern Virginia Chamber of Commerce to lose its longtime chief

Jim Corcoran is stepping down as the president and CEO of the Northern Virginia Chamber of Commerce. Corcoran, who led the chamber through its rebranding from the Fairfax County Chamber of Commerce in 2015, will…

X Corp Solutions to construct corporate headquarters in Stafford

X Corp Solutions, a defense contractor with 127 employees, is moving its headquarters to a building it’s constructing at the Quantico Corporate Center in Stafford County. The building includes plans for…

Virginia private colleges adopt innovative retirement plan

Fourteen Virginia private colleges are collaborating on an innovative employee retirement plan that is believed to be the first of its kind in the nation. The schools are members of the Council of Independent Colleges in Virginia (CICV), an umbrella organization representing 28 private, nonprofit institutions…

Mass. High Court to hear electric emissions cap challenge

Massachusetts' top court said Monday it would hear arguments in May from electricity generators across the Northeast that challenged a state plan requiring them to incrementally reduce greenhouse gas emissions over the next three decades…

Walmart eyes Medicare Advantage beneficiaries in Humana talks

Walmart is reportedly in talks with health insurer Humana regarding a potential deal that could help the brick-and-mortar giant protect its customer base from rival Amazon. Humana is known for catering to seniors as one of the largest providers of Medicare Advantage plans…

Why D.C. is targeting the ride-hail industry

When D.C. Mayor Muriel E. Bowser proposed taxing Uber and Lyft to raise money for Metro, she was turning to an increasingly popular approach to pay for public transit improvements…

More U.S. real estate deals can go ahead without appraisal -regulators

U.S. bank regulators on Monday agreed to relax commercial real estate lending rules and allow more deals to go ahead without an independent appraisal of the property’s value…

After Carbon Tax fails in Washington, focus turns to 9 other States

Earlier this year, Washington looked poised to become the first state in the nation to pass a tax on carbon pollution. Democratic Gov. Jay Inslee had made it one of his top priorities, and the state legislature looked ready to take the plunge. But last month…

Maryland, ACLU reach settlement over governor deleting critical comments on his Facebook page

Several Facebook users who sued Maryland Gov. Larry Hogan (R) for blocking them on his official Facebook page after they left critical comments have reached a settlement in the case, according to the American Civil Liberties Union of Maryland…

Law would aid transfer of mentally ill from jail to hospital

Maryland’s General Assembly has approved legislation that will require state-run psychiatric hospitals to more quickly accept patients who are supposed to be transferred out of local jails. The bill gives state-run hospitals 10 business days to…

Teachers flex political muscle in red-state strikes

Thousands of teachers marched Monday on state capitals in Oklahoma and Kentucky, shuttering schools and demanding that Republican-controlled legislatures vote to increase their pay. The demonstrations come on the heels of…

Preserving the State and Local tax deduction: Bad news

Blue states are desperate to rescue high-income taxpayers who lost a federal write-off. Odds are poor. Those schemes to resurrect the federal deduction for state income taxes—will they work? Probably not. The various mechanisms proposed by politicians in high-tax states are destined to be…

‘Radical change’ in auto technology threatens tax base

High tech advances in the automotive sector, including increased fuel efficiency, better batteries and driverless cars, will bring “radical change” and a level of societal disruption not seen in 100 years, experts say, including threats to traditional taxation and fiscal funding…

How Bath County became a wind powerhouse

Once, the answer was all that was blowing in the wind. Today, we’re increasingly turning that answer into electricity. Until the 1980s, there was essentially no wind power in the United States except for a few windmills here or there on some farm. Since 2000…

 

 

Michael W. Woods
Senior Manager - Virginia

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

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