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News & Press: 2020 Member News

TSS Today's Clips September 15, 2020

Tuesday, September 15, 2020  
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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's coal tax credits, tobacco commission grants falling well short of goals, JLARC finds

The General Assembly’s oversight commission on Monday recommended that legislators eliminate Virginia’s coal mine tax credits, saying they are no longer relevant. The coal tax credits are among the state’s largest incentives to promote business growth, but they generate economic losses for the state, according to a Joint Legislative Audit and Review Commission report…

Va. authority takes ‘overly conservative’ approach to small business loans, report says

Virginia isn’t doing an adequate job of lending out money to help small businesses, according to a new report from the Joint Legislative Audit and Review Commission that found tens of millions of dollars have sat unused in recent years…

Watchdog review finds issues with costly incentive programs

Several of Virginia’s publicly funded economic development incentive programs have limited benefit and either need to be overhauled or eliminated, according to a new report published Monday by the state’s legislative watchdog agency…

Virginia ballot will include 2 proposed constitutional amendments

Virginia voters will see two proposed amendments to the state constitution on the Nov. 3 ballot. Question 1, the Redistricting Commission Amendment, would change the way Virginia handles political redistricting. A “yes” vote supports transferring the power to draw the state’s congressional and legislative districts from the state legislature to a redistricting commission made up of state legislators and citizens…

BGF to delay construction and move to Dan River Region's Cyber Park

BGF, which announced in October 2018 it would relocate its headquarters to the Dan River Region and bring 65 new jobs, has postponed its plans to construct a 25,000-square foot building at the Cyber Park and move its operations there…

Richmond Reverses Course On Rehabilitation Tax Credits For Developers

Richmond City Council voted Monday night to reestablish a tax credit program for commercial and industrial properties. Last year, City Council voted to end Richmond’s tax abatement program that provided seven- to ten-year tax exemptions for renovating properties more than 20 years old….

Goochland County brings Chamber, Economic Development under one roof

The center had operated at an existing county-owned building since March, but delayed its formal opening to Sept. 1 due to health concerns related to the coronavirus pandemic….

County plans flood wall at Swift Creek water plant

The department has applied for a pre-disaster mitigation grant from the Federal Emergency Management Agency that would cover 75% of the project’s estimated $11.56 million cost….

Center for Innovative Technology names president, CEO

The Herndon-based Center for Innovative Technology (CIT) announced Friday it has promoted former state Secretary of Commerce and Trade Robert J. “Bob” Stolle as its new president and CEO, replacing Ed Albrigo…

Arlington contractor wins award for National Guard, Reserve support

Arlington-based federal technology contractor CACI International Inc. received the 2020 Secretary of Defense Employer Support Freedom Award for the company’s support of National Guard and Reserve employees...

DXC Technology names two board members

Tysons-based Fortune 500 company DXC Technology announced Monday it has appointed Raul Fernandez and David Barnes to its board of directors…

Emory & Henry names dean for upcoming business school

Emory & Henry College announced Monday that Emmett Tracy has been appointed as dean of its new School of Business, which will be built on the former site of Carriger Hall at the college in Washington County…

Virginia Democratic Party staffers unionize

Staffers at the Democratic Party of Virginia announced Monday they had successfully unionized into two bargaining units that party leaders are formally recognizing...

Local company gets patent for software that enables analysis of health data from different file types

A Charlottesville-based company has received a patent for a software system that will allow doctors, nurses, hospitals, clinics and others in the medical world to analyze data contained in their records, even if that data is stored in different file types, using different software or storage methods…

Business groups back pandemic insurance bill modeled on post-9/11 law

The Pandemic Risk Insurance Act, much like the 2002 Terrorism Risk Insurance Act (TRIA), would provide compensation for losses resulting from pandemics or public health emergencies…

Cable Cos. Lose DC Circ. Bid To Challenge C-Band Plan

 

A trade group representing small and rural cable system operators failed to convince the D.C. Circuit Monday to halt the Federal Communications Commission's plan to auction off the so-called C-Band satellite spectrum, despite the group's claims that cable companies are being forced to choose between two inadequate reimbursement options as compensation for vacating portions of the band…

Ohio Enacts COVID-19 Liability Shield For Businesses, Others

Ohio Gov. Mike DeWine on Monday signed a law that shields businesses, health care providers and schools from civil liability for coronavirus-related injury and wrongful death suits, joining more than a dozen states with similar legislation in place….

Judge Won't Block NEPA Overhaul During Litigation

A Virginia federal judge let Trump administration revisions to the National Environmental Policy Act take effect Monday, declining to enjoin the rule's overhaul in one of several pending challenges to the revisions…

EPA's Guidance Rule Improves Access But Creates Questions

The U.S. Environmental Protection Agency's new rule aimed at making its guidance easier to track is being praised for improving transparency, though experts say more public and judicial scrutiny of future agency guidance could make it harder to get clarity from the EPA…

Trump's Latest Drug Pricing Executive Order Draws Doubts

The executive order President Donald Trump announced Sunday that aims to sharply cut drug prices by capping prices of Medicare Part B and Part D drugs is unlikely to have any practical impact on consumers' wallets and underscores the limits of executive action, experts say…


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