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WOTC Updates 0 J. Ali The Department of the Treasury and the Internal Revenue Service (IRS) recently issued Notice 2020-23.  Under the notice, a time sensitive act due to be performed on or after April 1, 2020, and before July 15, 2020, can be performed by July 15, 2020.  This includes the requirement, for an employer seeking to qualify to claim the Work Opportunity Tax Credit, to send IRS Form 8850 to a State Workforce Agency no later than 28 days after an individual begins working for the employer. Specifically, this applies to WOTC certification requests containing an employment start date on or after March 4, 2020 and on or before July 14, 2020.  As a result, under the notice, employers that otherwise would be required to submit IRS Form 8850 to a State Workforce Agency on or after April 1, 2020, and before July 15, 2020, have until July 15, 2020 to submit IRS Form 8850. WOTC can save you up to $2,400 per eligible employee in federal income tax!  This is a rare retroactive opportunity. Please feel free to reach out to Vrain if you have any questions or need additional information. Take care and be safe! Rodney M. Haynes Director of Economic Development POB 5271 Martinsville, VA 24112 Direct 276-403-5083 Mobile 276-345-8345 www.vraintaxcredit.com
by J. Ali
Monday, May 4, 2020
Newport News "Open for Business" Program is Live 0 M. Johnson, City of Newport News, Department of Development The City’s Development and Information Technology departments recently launched an interactive, web-based map – “Open For Business” – to let citizens know the status of Newport News businesses. Residents can use the map to search for open businesses nearby. Companies of all types are invited to submit their information for inclusion on the site by completing a short form. Upon review and approval, listings will appear on the map. To visit the site, click the "Open For Business" link above. If you have any questions, please let me know (johnsonme@nnva.gov or 757-926-7029). Matt  
by M. Johnson, City of Newport News, Department of Development
Wednesday, April 29, 2020
"Chesterfield Eats To Go" now includes 209 restaurants! 0 J. Ali A program Chesterfield stood up to drive business to restaurants that were sit down but now need to be take out. https://www.chesterfield.gov/4908/Chesterfield-Eats-to-Go “Chesterfield Eats To Go” now includes 209 restaurants on the mapping application and has recorded 28,020 pageviews since launch. American City and County article “Technology goes viral” including EATS has come out. https://www.americancityandcounty.com/2020/04/15/technology-goes-viral/
by J. Ali
Tuesday, April 28, 2020
Resources for Ag & Food Businesses 0 C. Haskins, Virginia Tech Virginia Cooperative Extension has a COVID-19 resource page that may be useful for ED pros who're working with agricultural and food businesses in their communities: https://ext.vt.edu/covid-19updates/resources.html
by C. Haskins, Virginia Tech
Monday, March 30, 2020
Helpful FAQs sheet - Governor's EO 0 E. Povar, The Riverlink Group I found this "Frequently Asked Questions" sheet, which speaks to the Governor's Executive Order Fifty-Three, very helpful in getting quick answers about what his Order covers.  Might be useful for ED partners to share when businesses have questions.  Check out the link here.
by E. Povar, The Riverlink Group
Friday, March 27, 2020
Economic effect of past pandemics as a guide 0 M. McCaskill, City of Martinsville https://www.zillow.com/research/pandemic-literature-review-26643/ A little bit of cautious optimism.  The author points out that in general economies bounce back, and sometimes bounce back quickly, when a pandemic is over.  The article is comprehensive and includes examples from the 2003 SARS and 1918 Influenza pandemics. Note, I have met the author.  She is the Chief Economist at the Zillow Group and is based out of their Seattle location.  When I was Managing Director for the GMS Unit at the Washington State Department of Commerce, she served on a statewide committee that was focused on the housing affordability crisis in Western Washington.  She is a top shelf researcher who knows how to apply her research and relate it to pragmatic policy approaches. https://www.zillow.com/research/pandemic-literature-review-26643/  
by M. McCaskill, City of Martinsville
Wednesday, March 25, 2020
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