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News & Press: 2019 Economic Development News

TSS Today's Clips-Monday, July 8

Monday, July 8, 2019  
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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.

 

General Assembly is returning for a Special Session on guns

Both sides of the gun debate are planning to rally their supporters at the state Capitol on Tuesday as Virginia lawmakers return for a special session prompted by the May 31 mass shooting in Virginia Beach…

‘Boring ’ no more? Virginia has already begun embracing casino-style gaming

Music blared as more than a thousand people formed a long, giddy line along the front of a once-abandoned Kmart. Two racehorses paced the parking lot. A man in fox-hunting garb blew a bugle call. Cheers went up, dignitaries urged the crowd to “have some fun!” and…

Area economic developers up their courtship with site selectors

In their efforts to entice economic investment in the region, area business recruiters are increasing their engagement with the middlemen often involved in the process: site selection consultants…

Local CEOs remain confident in economic outlook, but trade issues are a concern

Top executives with small and medium-sized companies in Virginia remain confident about business conditions for the next six months, but their outlook has become a bit tempered compared with earlier in the year…

Leader announced for GO Virginia project

The Institute for Advanced Learning and Research and the Great Opportunities in Technology and Engineering Careers -- known as GO TEC -- selection committee recently announced the hire of Tammy Hurt…

Debris to diesel: Chesapeake could soon be home to a bioenergy facility that turns trash into fuel

A 61-acre property along the Elizabeth River may soon become a complex with technology straight out of the 1980s movie “Back to the Future.” The proposed facility promises to turn household garbage into diesel…

Could Amazon be eyeing Suffolk? Someone wants to build $200 million fulfillment center.

The same builder that Amazon.com has partnered with to build several other warehouses, including two in Richmond, has applied for a permit with the U.S. Army Corps of Engineers to build an 820,000-square-foot warehouse in the Northgate Commerce Park…

Pittsylvania County makes pitch to import Bedford County solid waste

With a bid to import trash now on the line, one Pittsylvania County official said he could see a future where the county accepts solid waste from other localities…

Court: Online lender can charge 600% interest in Virginia because of ties to Indian Tribe

The online lender Big Picture Loans can legally charge Virginians interest rates approaching 650%, a federal appeals court has ruled. The U.S. Court of Appeals for the 4th Circuit held that the firm set up by a long-time operator in the payday loan business…

Schools lose money for social workers, custodians

School systems across Virginia have lost billions of dollars in state money for social workers, custodians and psychologists after the state imposed a funding cap on school support staff amid the Great Recession. The cap hasn’t been lifted…

Scott Taylor announces he will challenge Mark Warner in U.S. Senate race

Scott Taylor, a Virginia Beach Republican, is seeking a seat in the U.S. Senate. He announced his plans this morning on Fox & Friends to challenge Sen. Mark Warner, a Democrat, in 2020…

VA. Senator calls rape victims ‘naive’ and critics ‘trolls’

State Sen. Amanda Chase, R-Midlothian, posted a Fourth of July video on her Facebook page to respond to critics, who have called her out over comments made earlier this week about rape…

Anne Petera plans to run for mayor in Kill Devil Hills

Anne Petera, a former secretary of the Commonwealth of Virginia who lost a tight race for Dare County Commissioner in 2018, will be a candidate for Kill Devil Hills mayor this fall…

With Corey Stewart leaving politics, Prince William County’s political future is up for grabs

The Republican vying to chair the Prince William Board of County Supervisors has issued dire warnings that Democrats want to turn Virginia’s second-largest jurisdiction into a sanctuary for undocumented immigrant criminals. How voters respond in November will…

To raise money to combat opioid addiction, one State hikes licensing fees for Drug Companies

A new Minnesota law will increase prescription opioid manufacturer licensing fees from $235 to $55,000 and is expected to generate about $20 million that will fund the state's opioid prevention and treatment strategies…

Michigan offering $20M to carriers to expand rural broadband

The Connecting Michigan Communities grant program is offering $20 million to internet service providers willing to expand access to unserved parts of the state. Providers can apply for up to $5 million per grant and can apply for multiple projects…

As Florida cities use insurance to pay $1 million in ransoms to hackers Baltimore and Maryland weigh getting covered

The attack on Lake City, Fla., followed a familiar pattern: Hackers broke in after someone opened an infected email. Almost instantly, the city’s computer systems and records were locked up. But when they started turning computers back on and got a ransom demand, another option presented itself. Lake City’s insurance provider stepped in and began negotiations with the hackers…

Activists targeting coal invigorated by major US insurers' exclusionary policy

Activists aiming to drive a wedge between insurers and coal companies said the movement picked up steam in the U.S. with the recent announcement that Chubb Ltd. would be cutting its exposure to coal mining and coal-fired power…

5 questions about the Special Session

Northam’s goal is to use that slaughter to persuade the legislature to pass a series of laws dealing with guns. Will a Republican-controlled General Assembly actually do so? That’s the big question, but by no means the only one hanging over this summertime session. Here are some others…

States are doing it. So why hasn't Congress increased the federal gas tax?

All told, 31 of the 50 states have raised or reformed their motor fuel taxes during the past decade. What’s more, 22 states now have variable-rate policies in place to make sure that inflation does not erode this crucial revenue stream. In so doing, they are establishing sustainable funding for the transportation infrastructure they need, for which they cannot rely on Washington alone…

Watkins: We tried deregulating electricity. It didn’t work

For people too young to remember or for those who are just not aware, Virginia already plowed the ground of electric deregulation years ago. As a member of the General Assembly, not only was I in favor of it, I sat on the study committee that created the report…

High-tech firm’s potential manufacturing plans would be a major victory for SW Virginia

A high-tech startup company’s suggestion that it could build a manufacturing facility somewhere in our depressed Southwest Virginia coal country is astoundingly welcome news…

 

 

Michael W. Woods
Senior Manager - Virginia

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

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