Posted by VEDA Members https://www.goveda.org/forums/topics.aspx?forum=245498 Tue, 9 Jun 2026 15:10:14 GMT Mon, 4 May 2020 17:30:57 GMT Copyright © 2020 Virginia Economic Developers Association WOTC Updates https://www.goveda.org/forums/posts.aspx?topic=1548997 https://www.goveda.org/forums/posts.aspx?topic=1548997 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

]]> Mon, 4 May 2020 18:30:57 GMT Newport News "Open for Business" Program is Live https://www.goveda.org/forums/posts.aspx?topic=1548020 https://www.goveda.org/forums/posts.aspx?topic=1548020 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

 
]]> Wed, 29 Apr 2020 17:49:21 GMT "Chesterfield Eats To Go" now includes 209 restaurants! https://www.goveda.org/forums/posts.aspx?topic=1547695 https://www.goveda.org/forums/posts.aspx?topic=1547695 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/

]]> Tue, 28 Apr 2020 18:53:47 GMT Resources for Ag & Food Businesses https://www.goveda.org/forums/posts.aspx?topic=1540460 https://www.goveda.org/forums/posts.aspx?topic=1540460 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

]]> Mon, 30 Mar 2020 18:48:16 GMT Helpful FAQs sheet - Governor's EO https://www.goveda.org/forums/posts.aspx?topic=1539756 https://www.goveda.org/forums/posts.aspx?topic=1539756 link here.]]> Fri, 27 Mar 2020 12:52:45 GMT Economic effect of past pandemics as a guide https://www.goveda.org/forums/posts.aspx?topic=1539148 https://www.goveda.org/forums/posts.aspx?topic=1539148 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/

 

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