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News & Press: 2018 Economic Development News

TSS Today's Clips-Tuesday, May 1

Thursday, May 3, 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.

 

DEQ invites more public comments on Mountain Valley Pipeline

State environmental regulators have opened another round of public comments on the controversial Mountain Valley Pipeline. The Department of Environmental Quality will take written comments on a limited scope…

Contura Energy, Alpha plan to merge coal operations

The coal companies that emerged from Alpha Natural Resources’ 2016 bankruptcy announced Monday they intend to merge. Contura Energy, Alpha Natural Resources and ANR Inc. — formed nearly two years ago as a result of Alpha’s federal bankruptcy proceedings…

Supervisor seeks review of county EDA

Citing issues with its controversial south Chester megasite proposal, Clover Hill District Supervisor Chris Winslow announced his support Sunday for a sweeping review of Chesterfield’s Economic Development Authority.

Fairfax County lands Alcoa spinoff Arconic

Arconic Inc., a manufacturer of aluminum parts for the aerospace and automotive industries, is moving its corporate headquarters from New York to northern Virginia. The company announced plans for the headquarters move at a press event Monday in Tysons Corner…

Tractor giant opening Blacksburg office, taps Virginia Tech to help develop robotic equipment

One of the world’s largest tractor manufacturers is planting a flag in Blacksburg, opening an office in the Virginia Tech Corporate Research Center and moving senior level staffers here to create a technology development outpost…

Henrico-based Allianz Worldwide Partners USA says revenue grew 30 percent in 2017; should hit $1 billion this year

Propelled by a strong travel market and gains in market share, Henrico County-based travel insurance provider Allianz Worldwide Partners USA said it is pushing $1 billion in annual revenue…

New Kent supervisors to hold town hall meeting on possible casino, sale of Colonial Downs

The New Kent County Board of Supervisors will hold a town hall meeting on May 24 to discuss the prospect of a tribal casino and the new Colonial Downs owner’s plans to reopen the racetrack next year after buying it last week…

The future of downtown Blacksburg? Developers approaching deal on old middle school

With a new proposal submitted last week, developer Jim Cowan finally feels “cautiously optimistic” his group has found a plan for a piece of crucial downtown property that has a chance of surviving…

Aqua Virginia drops request for rate increase that would have affected many in Caroline

Aqua Virginia has agreed to drop its application for a rate increase that would have affected 2,872 households in Caroline County. Aqua has agreed that its current water and sewer rates, which it set in 2014, should be maintained…

GRTC Pulse to begin service in June

Richmond’s long-awaited bus rapid transit system, GRTC Pulse, opens to the public on June 24th. Representatives from the commercial real estate community expect the project to spur development and boost property values around the line. The 7.6-mile route will transport riders…

Tuition, student debt increasing in Virginia

Most students who graduated from Virginia's public colleges and universities last year left not only with a degree but also with a financial burden: an average student loan debt of about $30,000…

How communities across North Carolina are trying to bridge the ‘homework gap’

Statewide, the FCC estimates that 93.7 percent of North Carolinians can access the minimum speed — slightly higher than neighboring states — but experts say that number is inflated because the FCC uses census tracts in its calculation. To get more accurate data, North Carolina's Broadband Infrastructure Office has been asking residents to submit their own internet speed data…

Sony supports New Jersey film incentives, says New York is overflowing

New Jersey wants to pull a page out of New York's script. The Garden State would like to begin offering tax incentives for film and TV production. This wouldn't be the first time lawmakers looked to the entertainment industry for an economic boost…

Businesses are buying more wind and solar power than ever before

AT&T Inc. and Walmart Inc. are among 36 businesses, government agencies and universities that have agreed to buy 3.3 gigawatts of wind and solar power so far this year…

Ohio submits Medicaid work requirement for federal approval

State officials say most Ohioans covered under Medicaid expansion will remain insured without changes under new work requirements submitted to the federal government for approval…

Idaho Medicaid expansion ballot measure moving forward

The initiative would provide coverage for up to 62,000 Idahoans who now fall into a coverage gap, making toomuch to qualify for Medicaid but not enough to qualify for subsidized health insurance through the state insurance exchange…

Largest US energy grid operator to study too much reliance on natural gas

The largest electric grid operator in the U.S. on Monday announced plans to study the future risks of toomuch reliance on one energy source as coal plants retire and markets move towards liquid natural gas consumption…

Immigration, gay rights, politics, abortion, taxes, technology: Crunch time at the Supreme Court

In the next nine weeks, the justices must decide who can come intothe United States and who can vote. They must define the powerof the government to follow you, inform you and shut you up. They must settle disputes over basic activities of daily life…

All for one and one for all for the Washington area’s quest for HQ2

Amazon’s search for a suitable site to build the equivalent of three Empire State Buildings for its second corporate headquarters has triggered heated competition among the 20 localities the company has identified as finalists, with some salutary byproducts…

State should have the last say on uranium

When the 119 million pound uranium deposit beneath Coles Hill Farm in Pittsylvania County first came to public attention in the late 1970s, Marline Mining set off a region-wide firestorm of protest when it announced plans to develop the site and extract the ore. Then, as today…

McDermott: Expanding Medicaid makes financial sense for Virginia

Caring for people in need of medical attention during their most vulnerable moments is something hospitals across Virginia do each minute of every day. What isn’t commonly known is that many of the patients hospitals treat…

 

 

Michael W. Woods
Senior Manager - Virginia

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

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