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Daily Clip 8/14/17
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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 .

 

Anthem, State’s largest health insurer, drops out of Virginia’s individual market for 2018

More than 206,000 Virginians could lose their individual health insurance policies with the sudden withdrawal of Anthem Blue Cross Blue Shield in Virginia, the state’s largest insurer, from the federal exchange and individual market in 2018…

Virginia House candidate who falsified educational credentials drops out of race

A candidate for the Virginia House of Delegates who claimed to have college degrees he had not actually earned dropped out of the race on Friday. Laquan Austion, the Republican candidate for House District 2 in…

McAuliffe, Hogan and Bowser to meet Aug. 28 to try to narrow differences over Metro

The District’s mayor and the governors of Virginia and Maryland will meet Aug. 28 to discuss Metro amid hopes that they will start to narrow the wide gap that separates them over how to fund the transit system…

Loudoun leaders pitch alternative Metro funding plan to rival regional sales tax proposal

As regional leaders continue to grapple with the idea of a one-cent regional sales tax proposal to fix the beleaguered Metro system, Loudoun County -- a vocal opponent of the plan – has…

Virginia Governor’s race: The candidates’ plans for rural high-speed internet

Policy wonks call it the “last mile” - the infrastructure needed to get high-speed internet down those long and sparsely populated country roads. It’s expensive, and private companies are unlikely to recoup that investment from just a couple of households…

The scramble to secure a loan for People Express

Jim Bourey did not want surprises. On May 30, 2014, Gov. Terry McAuliffe was scheduled to visit Newport News for the announcement of the first flights by the startup airline People Express. But with just four days to go, the airline did not have the money…

Chesapeake Bay Bridge-Tunnel project groundbreaking is Sept. 18

On that date, a groundbreaking ceremony is planned for 11:30 a.m. for the parallel Thimble Shoal Tunnel project. The five-year, $756 million endeavor will add two more underwater lanes to the 53-year-old link between Hampton Roads and the Eastern Shore…

Bus Rapid Transit project completion timeline is foggy

The bus rapid transit line along Richmond’s Broad Street has been pitched for completion by the end of October. But various officials say construction on the project — which is affecting business along the 7.6-mile corridor between Willow Lawn and Rocketts Landing — could last longer…

Brazilian company to establish North American headquarters in Henrico

A Brazilian company that makes systems for monitoring fuel use in commercial transportation fleets is setting up its North American headquarters in Henrico County. The company will set up its North American headquarters to promote a new brand called Link2pump. The company also considered locations in Florida and California…

Alleghany County, Covington sign economic development agreement

A new cooperative agreement between Alleghany County and Covington is being hailed as a potential boon for economic development. County and city officials met Thursday to formally sign a joint economic development and growth sharing agreement…

Employer health benefit costs expected to rise 5% next year

Total costs for on-the-job health care benefits are expected to rise an average of 5% in 2018, surpassing $14,000 a year per employee, according to a National Business Group on Health survey of large employers. Specialty drugs continue to be the top driver of increasing costs…

States enter the breach to protect ObamaCare

State officials are using every tool at their disposal to try to keep their insurance marketplaces stable in the face of uncertainty from the Trump administration over the future of ObamaCare. Insurance commissioners are working with providers…

Manchin eyed as potential pick for Energy secretary: report

Jonathan Kott, a spokesman for Manchin, told Bloomberg that the West Virginia Democrat hasn't been in talks for the job and did not say whether Manchin would take the job if offered to him…

Looking for 'city' living in the suburbs? Some are finding it in aging office parks

From the Washington and New York suburbs to North Carolina’s Research Triangle Park, traditional corporate campuses that have struggled since the Great Recession are trying to transform from sterile worksites into vibrant mini-towns. In addition to housing…

Lawmakers facing corruption charges see hope in court ruling

Politicians accused of illegal influence peddling, bribe-taking and other crimes have been given fresh hope that a year-old U.S. Supreme Court ruling will get them off the hook. Ever since the high court reversed a jury verdict against former Virginia Republican Gov. Bob McDonnell, and in doing so…

Gillespie touts outdoor recreational plan

Republican gubernatorial candidate Ed Gillespie said Friday that Southwest Virginia should “benefit disproportionately” from his campaign’s new outdoor recreation initiative but couldn’t quantify what that means in terms of jobs…

Delayed tax reform may be slowing economic growth

The slow pace of action on tax reform promised by the White House and the Republican-controlled Congress is creating a volatile and uncertain atmosphere for businesses, which are becoming increasingly cautious about…

What’s next for energy in Virginia?

What Donald Trump says and what Donald Trump does are often two vastly different things. So there is no guarantee the president actually will seek to pay Eastern utilities a subsidy to burn Appalachian coal, as West Virginia Gov. Jim Justice recently claimed…

Norment: Virginia needs pro-growth tax reform

Virginia has plentiful natural resources, solid infrastructure and dynamic human capital. So why has the state suffered years of sub-par economic growth? Because of an issue about to take center stage in Congress: comprehensive tax reform…

Sabato: Is Virginia’s Gubernatorial election a bellwether for 2018?

How many times have we read that the outcome of November’s race for governor of Virginia will be a “bellwether” for the 2018 midterm elections? Many journalists and analysts clearly think it is. But is it true, or…

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