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News & Press: 2018 Economic Development News

TSS Today's Clips-Wednesday, April 11

Wednesday, April 11, 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.

 

Lawmakers returning for Special Budget Session

Virginia lawmakers are coming back to the Capitol Wednesday seeking to pass a budget after failing to do so earlier this year. The hang-up: An intraparty feud between Republicans in the GOP-led General Assembly over whether to expand Medicaid…

As lawmakers return, Northam’s amendments seek to pressure Senate on Medicaid

Gov. Ralph Northam wielded the power of the pen this week, seeking to paint some Republican senators into a corner in the battle over Medicaid expansion in the two-year budget the General Assembly has yet to adopt…

Norment, Northam agree on Historic Triangle tax

A suggestion from a local official prompted state Senate majority leader Sen. Thomas K. Norment Jr., R-James City County, to take another look at his proposed sales tax surcharge for the Historic Triangle…

Northam signs bill on Courthouse relocations

Gov. Ralph Northam has signed a bill that adds a clause to the state code about when a petition or referendum of county voters is needed to move a courthouse…

Commonwealth announces $1.1 million in GO Virginia grants

These grants are for projects each region identified as vital to their efforts to diversify the regional economy, strengthen their workforce and support collaborative programs between localities, public entities and private businesses…

Port of Virginia saw container volume roar back in March

In like a lion, out like a lion? Container volume at the Port of Virginia bounced back strongly in March after starting off the year with a slender year-over-year drop in January and flat results in February. March, by contrast, was…

Lumos, Spirit combine to create 'super-regional' network

Lumos Networks of Waynesboro and Spirit Communications of Columbia, S.C. will combine assets, creating a 21,000 fiber-route mile network stretching from Pittsburgh to Atlanta, according to a joint announcement on Tuesday…

Dominion Energy's Cove Point liquid natural gas facility begins operation

Dominion Energy Inc.’s $4 billion Cove Point liquefied natural gas terminal in Lusby, Md., has begun commercial operation, the Richmond-based energy giant announced Tuesday…

Tourism group seeks funds from lodging tax

The city’s lodging tax rate is among the highest in the state, and local tourism officials are hoping they receive at least a portion to continue marketing efforts…

Northam seeks to raise hotel tax, real estate transfer taxes to pay for Metro

A tax on hotel stays in Northern Virginia would rise from 2 to 3 percent and a real estate transfer tax would be raised to somewhat reduce the amount of money that would be taken from other Northern Virginia transportation projects to pay for Metro, under amendments proposed…

Roy Cooper wants to go on a hiring spree to fight pollution in North Carolina

North Carolina has cut roughly 80 jobs from the main environmental regulatory agency since 2013, and the agency's budget has been slashed by millions of dollars even while the overall state budget has grown….

What passed in Maryland during the legislative session, and what didn’t

Maryland Gov. Larry Hogan described it as “probably our most successful session out of all four years.” The Democratic-controlled legislature in Annapolis could say the same…

Payday-lending industry sues to block Obama-era rule

The payday-lending industry sued the Consumer Financial Protection Bureau on Monday in an attempt to block an agency rulethe industrysays will destroy it. The regulation, which was finalized under the Obama administration, will…

House-Senate standoff imperils effort to roll back banking rules

Congress appeared on the cusp of rolling back post-financial-crisis banking rules last month after Republicans and moderate Democrats passed a bill in the Senate despite opposition from high-profile progressives. But now a stubborn standoff between…

New push to break deadlock over encrypted phones

Administration officials and lawmakers are taking another crack at resolving the “going dark” problem and finding a way to give law enforcement access to encrypted communications in criminal investigations…

Google is turning some NC school buses into rolling study halls

The program called Rolling Study Halls powers regular school buses with Wi-Fi to help students maximize their learning time, which is especially helpful for those living in rural areas with sparse internet access…

The craft beer industry's buzz is wearing off

Has craft beer peaked? In one sign that the industry has grown less frothy, more craft breweries closed in 2017 than any time in the past decade. And while the craft beer makers saw more growth in production, their paceis slowing...

To curb rising health insurance costs, some states try 'reinsurance pools'

A couple of years ago, the health insurance exchange in Minnesota – MNsure – was in deep trouble. Health insurance premiums for individual policies had shot up by as much as 67 percent, among the steepest increases in the country. The Minnesota Legislature offered a solution…

Walmart and CVS have 15,000 combined stores. Why are both trying to buy health insurance companies?

Think millions of customers under one roof buying insurance, visiting health clinics and — importantly — filling prescriptions. These merged insurer-retailers could have lots of price-setting leverage in dealing with pharmaceutical companies and hospitals. But…

Doctors bristle at push for opioid prescription limits

An increasing number of states and entities in the health industry are putting curbs on the amount of opioids that doctors can prescribe, a controversial move aimed at combating the opioid crisis…

The venture capital tour we need

Here’s an idea in search of an organizer. We need someone to lead a tour of venture capitalists through Southwest Virginia — or all of rural Virginia, for that matter. Here’s what we’re talking about…

 

 

Michael W. Woods
Senior Manager - Virginia

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

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