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News & Press: 2018 Economic Development News

TSS Today's Clips-Monday, May 14

Tuesday, May 15, 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.

 

Virginia could see extra $400 million from income tax payments; Northam urges caution

Virginia could end the fiscal year with an extra $400 million from a continuing surge in income tax payments in the aftermath of federal tax reforms, but finance officials aren’t ready to bank on a windfall they fear could disappear by autumn…

No speedy end in sight in Virginia budget impasse

Virginia is inching closer to a government shutdown as Republican lawmakers continue to spar over whether to expand Medicaid. Once united in their opposition to expanding the publicly funded health care program…

As VA. budget fight resumes, hospitals balance benefits of expanding Medicaid, cost of tax to pay for it

Nearly four years ago, three of Virginia’s private nonprofit health systems proposed to tax themselves to help pay for hospital indigent care and medical education. The idea — which the Sentara, Inova and Carilion health systems presented in late 2014 — was to impose an assessment on their hospital revenues that would serve as matching funds to…

The man in the middle: DEQ director David Paylor, a lightning rod for critics, begins serving under fourth governor

They were not the sort of reactions a governor might hope for after naming his pick to lead a state agency. Paylor has emerged as the lightning rod for critics of the agency he leads, seen as too…

60 transportation projects across Northern Virginia vying for regional funding

Regional transportation officials are seeking public comments on transportation spending that will likely redraw area maps and commuting routes over the next six years…

How can the D.C. region absorb an Amazon headquarters if it can’t cope now with gridlock and housing costs?

Stephanie Landrum, a leader of Alexandria’s quest to lure Amazon.com’s second headquarters to the city, promises that a proposed site in Potomac Yard could handle an influx of up to 50,000 jobs…

Alexandria raises meals tax to 5 percent to fund affordable housing

The Alexandria City Council finalized plans Saturday to boost the local meals tax to raise money for affordable housing, over the objections of small-business owners…

Port’s Portsmouth terminal opens new capacity

Monday marks a big day for the expansion of the Port of Virginia’s Portsmouth terminal, Virginia Internal Gateway. The first three new containers stacks are scheduled to come online, increasing VIG’s capacity by 20 percent, said John Reinhart, the executive director and CEO of the Virginia Port Authority…

Reeves sponsoring a bill to require bond for solar farm cleanup

State Sen. Bryce Reeves, R-Spotsylvania, is introducing a budget amendment focused on assuring “accountability” from developers of solar power generating facilities. Reeves told The Free Lance–Star that taxpayers should not “be on the hook to pay for the fix” if solar plants suffer from environmental disasters or have to clear sites if a venture fails…

Motor Vehicle Dealer Board member notified that his services have been terminated

Virginia Secretary of the Commonwealth Kelly Thomasson said Friday that she has drafted a letter to a member of the Virginia Motor Vehicle Dealer Board arrested Monday on felony drug charges that his service has been terminated effective immediately…

Construction delayed for power line towers near Jamestown

A power company has pushed back the start date for the construction of controversial power line towers that will cross the James River near historic Jamestown Island in Virginia. Dominion Energy stated in recent court filings that construction of the towers…

An Indian casino in Hampton Roads?

If the Pamunkey tribe can clear one last federal hurdle, Virginia will have at least some form of casino – no matter what the state’s residents and leaders say. It could even be coming to Hampton Roads, according to the tribe’s chief…

RichTech gala recognizes 10 individuals, companies

RichTech, an association of local technology businesses and tech professionals, recognized 10 individuals or businesses at its 23rd annual Technology Awards show and gala last week. The event, which honored those helping advance the region’s technology…

Albemarle supervisors back $59M in bond referendum proposals, School Board calls for more

Albemarle County School Board members on Thursday expressed discontent with a potential $59 million bond referendum supported by the county’s Board of Supervisors…

MDOT hires new advisors for Maryland Managed Lanes P3

The Maryland Department of Transportation (MDOT) has hired Ashurst LLP as the legal advisor and Ernst & Young (EY) as the financial advisor for the I-95 and I-270 Managed Lanes P3 project, Inframation has learned…

'High-Performance' building becoming easier, less costly

With businesses and governments looking for ways to save money on operating costs in buildings and garner some positive press at the same time, “high-performance” structures that use the latest technology to conserve energy and water have overcome an early reputation for costliness and are becoming a more popular choice…

N.C. State is giving IBM a hand in pushing what might be computing’s next revolution

A new tie-in with IBM is helping N.C. State University get in on the ground floor of quantum computing by allowing professors and students access to a network of the new machines that IBM has set up at its research lab in New York. NCSU is the first North American university to join the…

U.S. court revives challenge to Seattle's Uber, Lyft union law

A U.S. appeals court on Friday revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc UBER.UL and Lyft to unionize…

As Courts see local flood of opioid lawsuits, litigation strategies can vary by State

There’s no doubt that there are many state and local governments currently bringing lawsuits against drug manufacturers and distributors in hopes of seeking damages related to the opioid abuse epidemic. There are so many that it’s sometimes hard to track…

This small Nebraska city uses cash incentives to attract skilled workers

To be eligible for the matching grant program, employers must be recruiting for “quality jobs,” paying at or above the state’s median wage…

News Analysis: P3s could power smart city projects

With the dawn of high-speed fiber and mobile networks, autonomous vehicles and growing applications for the Internet of Things (IoT), P3s could prove a route to creating smart cities. The market for smart city technologies…

Data Centers: bringing billions of dollars to the new Virginia economy

Did you know that Virginia is the No. 1 market for data centers in the United States? Even more interesting, the data center market in Virginia is larger than the data center market in any other entire country in the world. The impact of this market leadership is that data centers are bringing billions of dollars into the New Virginia Economy…

 

 

Michael W. Woods
Senior Manager - Virginia

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

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