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Daily Clip 5/19/17
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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 .

 

Commission orders City, College to return grant funding

The city of Martinsville owes the Virginia Tobacco Region Revitalization Commission $800,000 and has just over a month to come up with a payment plan. The commission issued the ruling on Thursday, as they called a meeting to review the latest change in the proposed plan for…

Petersburg could miss baseline for school funds

The city of Petersburg is fast becoming the first locality in Virginia to sink below a bare-bones threshold for local spending on education mandated by the state. The requirement…

Audits: Petersburg owes its School System $1.9 Million

The under-budgeted Petersburg Public School System has not been receiving allocated money from the city from as far back as 2006. All told, Petersburg owes it s school system about $1.9 million. During a school board work session on Wednesday night…

Move City Hall to Town Center? Developer says let’s make a trade

In March, Mayor Will Sessoms asked, “What if the next big thing for the Town Center area is the relocation of City Hall?” Virginia Beach faces three options, he said in his State of the City speech…

Legislators moving into temporary quarters as General Assembly Building is demolished

Richmond City Council earlier this week heard a report on the state’s 400 million dollars worth of construction projects downtown, including a new General Assembly Building. The move has already begun. The new General Assembly building…

State Senator wants to ban Dominion Energy campaign contributions

One of the few legislators pushing back against Dominion Energy Virginia's influence over state government said Thursday that he hopes to harness a populist wave against the energy giant to pass major reforms in Virginia. Those include a new ban…

Turning stormwater runoff into a commodity

A possible way to turn stormwater runoff into a commodity rather than a problem was unveiled during the Virginia Rural Coastal Economic Summit held last Friday at the Virginia Institute of Marine Science. Del. Keith Hodges (R-Urbanna), who organized the summit, shared the concept of…

BVU seeks electric rate reductions; Sunset deal closer

BVU Authority power customers may pay less later this year if the Tennessee Valley Authority approves a proposed rate cut…

Bechtel completes natural-gas power plant in Loudoun County

Bechtel said Thursday it has completed the Stonewall Energy Facility, a natural gas-fired power plant in Loudoun County. The plant, run by Dallas-based Panda Power Funds, has created 27 jobs…

Nixing some tax increases leaves $1.2 million gap in Danville budget

It’s back to the fiscal drawing board for Danville City Council next week following its vote Tuesday night to reject a proposed meals tax increase…

Altria Group CEO touts 'outstanding year' for company, addresses company’s critics

Barrington said Altria is balancing its strategy between supporting its core business of conventional tobacco products while investing in innovative new products such as electronic cigarettes, which…

Maryland health exchange gets new leadership

Jonathan Kromm, acting executive director of the state's health exchange, is leaving the quasi-governmental state agency for a position at CareFirst BlueCross BlueShield, the state's largest insurer…

Cooper says Senate is making opioid crisis a 'political football,’ announces $31 million federal grant

Gov. Roy Cooper announced Thursday that North Carolina has received a $31 million federal grant to help address the opioid epidemic. While he said the federal money will help thousands more get treatment, he called on legislators to do more to address the problem – and he had sharp words for…

Delaware Economic Development Office rocked by plans to dissolve Delaware economic agency

Acting DEDO Director Cerron Cade planbecame public Wednesday morning when he announced his intent to dissolve the 35-year-old Cabinet-level agency and shift many of its core functions to a new public-private partnershiptasked with leading the state's economic development efforts…

Court pauses lawsuit over Obama methane rule

The order, from the Court of Appeals for the District of Columbia, halts consideration of an oil industry suit challenging the Environmental Protection Agency’s (EPA) rules cracking down on methane emissions from oil and gas drilling wells…

Business leaders: Tax changes should be permanent

Business leaders said Thursday that it’s "critical" for tax changes to be permanent, as lawmakers debate whether to pursue long-term tax reform or temporary tax cuts…

Dem AGs look to protect ObamaCare payments in court

A group of Democratic attorneys general on Thursday filed a motion in federal court to intervene to defend certain ObamaCare payments.The officials from 15 states and Washington, D.C., argued in court that the…

FCC to move forward on Net Neutrality rollback

FCC commissioners voted 2-1 Thursday to move forward with a process that would reverse Title II broadband classification, the legal footing for the commission’s 2015 net neutrality rules…

Bill aims to entice Private Investment in Infrastructure

A bipartisan group of senators unveiled federal legislation Wednesday to jump-start debate on boosting infrastructure investment, proposing a bill that establishes a new financing authority to help state and local governments leverage private funds for their…

5 Best Practices for Economic Developers

Economic development is fiercely competitive, and there are myriad opinions about the best strategies to successfully attract business and industry to a region. Some fall on the sword of incentives, while others…

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