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Daily Clip 7/11/17
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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 .

 

Dominion revives offshore wind project, will build two turbines

Dominion Energy is reviving plans for an offshore wind energy project 27 miles east of Virginia Beach in a move it hopes will set the stage to make the Hampton Roads region a national leader in a still-developing technology…

Microsoft proposing $10B program to bring broadband internet to rural America

Federal and state governments in recent years have tried to use tax breaks and other incentives to bridge that gap, often in partnership with regional or small-scale providers. One of them is Mid-Atlantic Broadband…

Virginia Retirement System hits historic high of $74 billion at the right time for lawmakers

Timing is everything for the Virginia Retirement System, which reached a historic high of $74 billion just as state lawmakers are preparing a new two-year budget and another look at potential reform of the pension system to reduce its long-term liabilities…

Virginia first to join public safety broadband network

Gov. Terry McAuliffe says Virginia is the first state in the country to opt-in to a national public safety broadband network. McAuliffe signed a letter of intent Monday saying that Virginia will allow the…

City uncertain how Cabela's-Bass Pro merger could impact The Falls

Bristol Virginia leaders aren’t certain how or if the impending merger of two retail giants will impact The Falls center and the substantial amount of money borrowed to create it…

GSA cancels search for new FBI Headquarters

In a stunning blow to Greater Washington, the nation's top law enforcement agency will have to stay put in its deteriorating downtown D.C. headquarters for the foreseeable future....It was perhaps the most eagerly anticipated federal project in the region in years…

Planners to weigh 2nd Potomac River crossing from Montgomery — again

A second Potomac River bridge connecting Montgomery County and Northern Virginia — an idea that has been studied and debated since the 1950s — is again drawing both interest and criticism, as elected officials and transportation planners search for ways to ease the region’s notoriously heavy traffic…

With Obamacare battle raging, Virginia’s Health Insurance marketplace remains stable

Despite challenges faced by other states, Virginia's marketplace — the health insurance program set up under the Affordable Care Act — remains robust in regards to the number of options and insurance providers available…

Del. Morefield to introduce new tax cutting legislation for poorest Counties

Virginia Del. James “Will” Morefield announced Monday that he will file legislation to eliminate for 10 years personal and corporate income tax for all Virginia residents and businesses who reside in the poorest counties...

Timmons Group acquires Maryland-based Vogel Engineering

Chesterfield County-based Timmons Group has acquired Maryland-based Vogel Engineering — the company’s first expansion into Maryland. Timmons Group, a civil engineering and technology firm that has been based in the region since 1953, operates…

New grant program helps triple high-demand credentials earned in Virginia

A new grant program helped almost triple the number of credentials, licenses and certifications awarded in high-demand fields at Virginia’s community colleges last year. In the 12 months…

NCI postpones hiring of new associate director

Funding cuts and a desire to make sure that the right person is hired for a unique job have prompted the New College Institute (NCI) to postpone hiring a new associate director/chief academic officer…

Virginia Beach City Council to vote on study that examines whether enough contracts are given to minorities, women

The City Council will vote today to begin evaluating how often the city awards contracts to businesses owned by women and minorities. Bruce Smith, a former NFL player turned businessman, encouraged the city to do a disparity study in a letter he wrote to the mayor last November…

Some struggling NC schools will be turned over to charter school operators in 2018

North Carolina education leaders plan to pick this fall at least two low-performing schools that will be turned over to a charter school operator in 2018…

NC projections show future state revenue shortfalls

A five-year budget projection in the NC General Assembly shows that the state won’t take in enough revenue in the later years to maintain current services and pay for school enrollment and Medicaid growth…

Siemens and AES team up to make industrial-size batteries

The firm will try to capi­tal­ize on a broader trend toward greater dispersion of power management assets, as utility companies and large businesses find new ways to store and process power…

Pol's conviction still valid under McDonnell, 2nd Circ. says

Former New York state lawmaker William F. Boyland Jr.’s 14-year prison sentence for fraud and bribery can’t be undone by the U.S. Supreme Court’s landmark McDonnell decision, the Second Circuit ruled on Monday, saying…

Tech launches new organization to galvanize patent reform

Major technology companies are pooling together to launch a new alliance in thehopes of spurring patent reform. The group, called the High Tech Inventors Alliance (HTIA), is composed of eight high-profile tech companies…

Will ACA Repeal pass? Here's what 11 experts think

After more than seven years, Affordable Care Act repeal efforts are hurtling toward a dramatic denouement in coming weeks, and on Monday we surveyed health policy insiders for predictions on whether…

AT&T and Verizon want free rein to put new wireless transmitters in your neighborhood. Here’s why that’s a bad idea

There’s a classic brawl raging in the California Legislature between a bankrolling private interest and several toothless local governments over wireless expansion. It’s a fight being waged essentially under the radar…

Kunkle: Metro proposal to sell Naming Rights to stations is just wrong

Metro could make some money from selling the naming rights to some of its stations. But the message that advertising would send is terrible. The idea — which is up for discussion again by Metro’s board — is understandable. The argument goes that if…

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