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Daily Clip 4/25/17
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TROUTMAN SANDERS

STRATEGIES

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 .

 

McAuliffe announces funding for 3 projects, including hotel

Virginia Gov. Terry McAuliffe has announced $1.5 million for three new projects in struggling areas of the state, including money for a brewery and hotel renovation…

Port of Virginia is steadily positioning itself for era of bigger ships, Top Exec says

We’re just getting started. That, more or less, was what John Reinhart, executive director and CEO of the Virginia Port Authority, told a packed ballroom Monday at The Main, Norfolk’s new hotel, in his fourth…

Overdue finance report shows Richmond closed out year of dire financial straits with $13M surplus

Last spring, officials in Richmond warned that a tight budget meant the city couldn’t afford to cut grass on public property. And indeed, grass in parks and medians grew a foot or higher in some neighborhoods until the new fiscal year began on July 1…

Portsmouth plans its own version of Waterside as Norfolk’s gleams across the river

From a mile across the Elizabeth River, Portsmouth officials are watching Norfolk’s Waterside District flourish. They like what they see, and now they want a harbor market, too. If all goes according to plan…

Isle of Wight attempting to lighten County businesses’ tax load

Isle of Wight County is aiming to lighten the burden for county businesses, particularly small ones, by requiring fewer businesses to pay revenue-based taxes and more to pay a $50 yearly fee. Currently…

CarMax board taps COO of Kohl’s as new director

Sona Chawla, the chief operating officer at Kohl’s, has been elected to the board of directors at automotive retailer CarMax Inc., the Goochland County-based chain announced Monday…

Greater Washington's biggest bank deal in recent memory is finally complete

United Bankshares Inc., the parent company of United Bank, has officially competed its $912 million purchase of McLean-based Cardinal Financial Corp., the parent company of Cardinal Bank...

Hampton Roads ship-repair industry is bracing for more than 1,000 new layoffs

Unless Congress acts and approves a new national budget with adequate funding to maintain Navy ships, impacts on Navy deployments and required vessel maintenance are dead-ahead…

Grants sought to help market Whitehurst site

State money could make land in town once considered as a “mega site” for industrial use more marketable. Nearly 650 acres on Turkey Knob Road could qualify for up to…

House committee chairman refuses to count votes on controversial bill

House Bill 660, which would allow the state’s commissioner of motor vehicles to make agreements with foreign countries to allow the use of foreign driver’s licenses in North Carolina. The bill was filed following a request from the government of Taiwan…

Will 'Hail Mary' offer bring a craft beer compromise

Calling the issue too important to die, a lawmaker from Cornelius said Monday he’s trying to find a last-ditch compromise that would raise the production cap for craft brewers. Last week wholesalers succeeded in removing a provision…

Trump to sign orders on offshore drilling

President Donald Trump will sign executive orders this week aimed at expanding offshore oil drilling and reviewing national monument designations made by his predecessors, continuing the Republican's assault on…

High Court declines challenge to Chicago ride-hailing regs

The U.S. Supreme Court on Monday declined to take up the Chicago taxicab industry’s challenge to the city’s ordinances governing ride-hailing platforms such as Uber and Lyft, ending more than three years of…

Anthem, Express Scripts to cut ties amid pricing fight

Express Scripts Inc. announced Monday that Anthem Inc., one of its largest clients, plans to sever their relationship, as the pharmacy benefit manager faces allegations it…

GM appeal of ignition switch ruling rejected by high court

The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that one plaintiffs' attorney said could expose the company to…

Senate confirms Trump Agriculture Secretary pick

The Senate on Monday approved the latest member of President Donald Trump’s cabinet, sending former Georgia Republican Gov. Sonny Perdue to the U.S. Department of Agriculture…

Business-Friendly States are growing at the expense of those that Tax and Spend

The tenth annual Rich State, Poor State rankings show just how far low taxes and reduced regulation can carry a state. The rankings are based on 15 equally-weighted economic policy variables, including…

Key Question for Supreme Court: Will it let Gerrymanders stand

The hand-to-hand political combat in House elections on Tuesday in Georgia and last week in Kansas had the feel of the first rounds of an epic battle next year for control of the House of Representatives and the direction of national politics as the Trump presidency unfolds…

Sen. Elizabeth Warren endorses Perriello in Democratic Primary for VA. Gov

Sen. Elizabeth Warren (D-Ma), a leader of the Democratic party’s progressive wing, endorsed Tom Perriello in the Democratic primary race for Virginia governor on Monday. Perriello is in a tight contest for the party’s nomination against Democrat Lt. Gov. Ralph Northam, who…

Northam: Roll back Grocery Tax for the poor

Lt. Gov. Ralph Northam made rolling back at least some of Virginia's sales tax on groceries part of his bid for governor Monday. The campaign said Northam wants to end the tax for lower-income Virginians…

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