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News & Press: 2018 Economic Development News

TSS Today's Clips-Friday, March 23

Friday, March 23, 2018  
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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.

 

Northam hopeful on budget with Medicaid expansion; GOP Senators are less positive

Gov. Ralph Northam hopes lawmakers can pass a budget – with Medicaid expansion – in seven days when they reconvene for a special session April 11. Senate Republicans are highly doubtful…

Dominion seeks rate increase to pay for burying power lines

Dominion Energy is seeking a rate increase to pay for burying power lines. The state’s largest electric utility filed an application with state regulators Monday to approve part of a larger undergrounding project…

Environmental regulators cite Appalachian Power for release from Clinch River Plant

State environmental regulators have cited Appalachian Power Co. for releases of industrial waste from its Clinch River plant. Treated wastewater with levels of iron, copper and chlorides that exceeded the utility’s permit was released…

Controversial megasite proposal moves forward in Chesterfield County

In early 2018, Board of Supervisors Chairwoman Dorothy Jaeckle received a stream of emails from constituents asking for answers about a nearly 1,700-acre industrial megasite pitched by the Chesterfield Economic Development Authority for her southeastern district...

Liebherr to invest $45 million to expand Newport News facility

Liebherr-International AG, one of the world’s largest manufacturers of construction machinery, plans to invest $45 million to expand its Newport News facility…

Loudoun scores a huge win, and 3,700 new workers, with CBP lease

A major branch of U.S. Customs and Border Protection will consolidate in Loudoun County, bringing roughly 3,700 employees to an office park not far from the Ashburn Metro station…

Economic development board welcomes ideas for a new Virginia Beach pier

Nearly two months ago, the Virginia Beach Development Authority submitted a bid to gain control of the land to build an Oceanfront pier and had planned to work with developer Bruce Thompson…

Sunset deal could now close by May

The Sunset-OptiNet transaction is now expected to close in May, the BVU Authority board was told Thursday. Officials from Sunset Digital Communications outlined steps they’re taking to complete the planned $50 million acquisition of BVU’s telecommunications division…

Metro gets third and final ‘yes’ as Maryland commits to its full share of dedicated funding

Maryland will give Metro its full share of $167 million a year in new, permanent funding, the governor and leaders of both legislative chambers said Thursday, putting the transit system on track to win a historic regional deal to support it…

Lawmakers consider ways to pay for fixes to congested Interstate 95 in Fredericksburg region

A roundtable meeting between members of the Fredericksburg Regional Chamber of Commerce and high-ranking lawmakers in Washington took up the vexing issue of congestion on Interstate 95 and how to fix it. While some ideas were floated there was no clear solution reached on the primary issue…

A lottery numbers game

The state Lottery is worried that General Assembly budget-writers have gotten a little ahead of themselves, predicting what our state-run numbers game can send public schools. Virginia set up the lottery with the idea that its…

Stafford keep cluster development law in place, but shrinks area covered

The Stafford County Board of Supervisors voted late Tuesday night to greatly scale back an ordinance that lets developers build more compact subdivisions if they preserve a certain amount of land…

Sales tax bill outlines accountability measures, exceptions

The Greater Williamsburg Chamber & Tourism Alliance will have a multi-million dollar money bag to manage should a proposed sales tax bill go into effect. Senate Bill 942 would increase the sales tax by 1 percent in Williamsburg, York and James City counties to generate funds for tourism marketing for the Historic Triangle…

Congress wants to know why the Pentagon wants to award a massive cloud contract to a single company

Tucked into the $1.3 trillion omnibus spending bill is a directive from Congress to the Department of Defense to explain how it plans to acquire commercial cloud computing services and why a single award is the best way to execute a massive procurement that could eclipse $10 billion…

Alabama Rural Broadband Act on Governor's desk

The bill is expected to provide $10 million annually, with the program being administered by the Alabama Department of Economic and Community Affairs. Private providers and cooperatives would be eligible for the money, but government entities would not…

West Virginia wasn't the only State neglecting employee health care

The issue that led West Virginia teachers to walk out may be boiling over elsewhere as states neglect workers' benefits, sometimes causing financial and medical hardship for public servants…

A $158 billion drug giant faces an identity crisis

Blockbuster arthritis treatment Humira helped build AbbVie Inc. into a pharmaceutical-industry behemoth. Now investors are growing concerned about the drugmaker’s second act…

AT&T and Time Warner: Why cord-cutters could get screwed either way

If you’ve cut the cable cord, you shouldn’t be rooting for AT&T and Time Warner’s merger to succeed. But then, you might not be much better off if it doesn’t…

Citigroup sets restrictions on gun sales by business partners

Citigroup is setting restrictions on the sale of firearms by its business customers, making it the first Wall Street bank to take a stance in the divisive nationwide gun control debate. It would apply to clients who offer credit cards backed by Citigroup or borrow money, use banking services or raise capital through the company

Oregon Governor signs Data Breach law

Oregon Democratic Gov. Kate Brown has signed a measure into law that would toughen the state’s consumer data breach laws. The legislation, which is set to take effect in June, would require that residents be notified within 45 days…


Reforming Dodd-Frank, for real

Rather than adopting a recent Senate bill, Congress should reconsider last year’s House measure, which is much more supportive of free-market discipline…

Expect more tolls, slow highway privatization in future

In years past, the government was expected to pay for big-ticket items that nobody could afford on their own, such as highways and bridges, while individual Americans were expected to cover their own private needs, such as health care and retirement. But now it seems that these mutual expectations have been reversed…

 

 

Michael W. Woods
Senior Manager - Virginia

Direct: 804.697.2256 | Mobile: 804.339.0260
mike.woods@troutman.com

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