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News & Press: 2018 Economic Development News

TSS Today's Clips-Tuesday, May 8

Tuesday, May 8, 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.

 

Regulators reject Dominion’s renewable energy proposal

State regulators are rejecting Dominion Energy's plan to offer 100 percent renewable energy plans to its big customers, saying the electric monopoly's proposal isn't fair or reasonable. The State Corporation Commission issued a ruling Monday saying…

State seeks public input on proposed 1 million-panel solar farm in Spotsylvania

Spotsylvania residents will get two chances this week to speak out on a proposal to build a huge solar farm in the western part of the county. The proposed facility would produce enough energy to power all of Spotsylvania’s nearly 46,000 homes nearly twice over, but the company plans to sell the power to corporations throughout Virginia and…

Virginia State Senator walks back offer of Capitol access in exchange for donation

One of the items up for auction at the annual Fairfax County Democratic dinner on Sunday was not like the others. Some state lawmakers offered bidders the chance to have lunch with them at a restaurant. Sen. Barbara Favola, D-Arlington, offered a day with her in Richmond, and more…

As Virginia policymakers studying eviction rates, a sharp debate emerges over root causes

A state housing panel has started studying ways to bring down high eviction rates found in several Virginia cities in the hopes of finding legislative fixes that the General Assembly could take up next year. As a Virginia Housing Commission work group began those discussions Monday…

New Commissioner vows to build on momentum for transforming Behavioral Health system

The new leader of Virginia’s fractured behavioral health system says he’s committed to the path forged by his predecessor and a high-profile political initiative to transform the way the state serves Virginians with mental illness, behavioral disabilities and addictions…

Bon Secours, VCU Health partner to offer individual insurance market plan

In response to an increasingly turbulent and unpredictable individual market, two major Richmond health systems have teamed up with an insurer to offer a plan of their own. Virginia Premier, a VCU Health-owned insurer, has filed plans with Virginia’s Bureau of Insurance to offer four plans next year…

FDA's proposed nicotine reduction could be detrimental for tobacco farmers

Currently, there is no tobacco that naturally produces a small enough amount of nicotine to meet the nicotine standard being discussed by the FDA. To meet the goal, growers might have to genetically modify their plants, but that creates an entirely different problem…

Roanoke-based Branch Group acquires L. A. Lacy

The Branch Group Inc. in Roanoke, one of Virginia’s largest construction companies, said Monday that it has acquired the assets of L. A. Lacy Inc. in Charlottesville for an undisclosed price. L. A. Lacy, a plumbing, HVAC and mechanical contracting company…

Blue Ridge breaks ground on biosciences facility

Blue Ridge Community College broke ground this week on a two-story biosciences facility that college officials think can spur further economic development in the Shenandoah Valley…

Bristol Virginia School Board accepts two proposals from firms for consolidation project

Two firms seeking to build a new elementary school in Bristol, Virginia, cleared the first major hurdle Monday night. The city School Board voted unanimously, without discussion, to accept proposals from the firms — S.B. Ballard Construction of Virginia Beach and JA. Street & Associates of Blountville — in its quest to construct a consolidated elementary school…

Giants GM Bobby Evans 'very concerned' about The Diamond

The Squirrels and the Double-A Eastern League were assured that headway would be made on a new ballpark when the franchise relocated here from Norwich, Conn., for the 2010 season. Talks about a new stadium have been on and off, but so far no concrete plan has emerged…

N.C. lawmakers wonder: What to do with an extra half-billion dollars?

North Carolina teachers, state employees and retirees might get raises in the 2018-2019 budget, top NC lawmakers said before a legislative session. The state has a surplus of more than $600 million for the two years in the budget…

Amada will bring 201 jobs and $87 million investment to High Point

Amada North America Inc. has chosen High Point North Carolina to develop a new sheet metal fabricating plant and employ 201 people over the next five years.The company will invest $87 million in a factory that will manufacture and assemble a new line of equipment for the U.S. market…

New Hampshire wins approval for Medicaid work requirements

Medicaid beneficiaries in New Hampshire will have to work, attend school or perform community service to be eligible for benefits under a new waiver approved by the Trump administration…

Maryland insurers asking for double-digit premium hikes

Premiums for ObamaCare plans in Maryland are poised to rise substantially next year. Insurers have said a number of policies being promoted by the Trump administration are to blame for rising premiums and the departure of healthy people from the risk pool, including…

Walmart to restrict opioid prescriptions at its pharmacies

Walmart pharmacies will soon limit the supply of first-time opioid prescriptions for acute pain to seven days, an effort aimed at clamping down on an epidemic killing more people per year than car crashes. The initiative will start within 60 days…

What the Supreme Court's sports betting decision means for FanDuel's business

If the court rules in favor of the state of New Jersey, it’s likely there will be a massive chain reaction set off in state houses across the nation, allowing them to set their own policies on sports gambling. Annually, illegal sports betting amounts to an approximately $150 billion industry…

States want control over drug prices. Will the Feds give it to them?

In an attempt to lower health-care costs, Massachusetts is seeking to exclude certain drugs from its Medicaid program. It's a bold step, experts say, that will not only invite imitation but also lawsuits…

Nashville's epic transit defeat offers hard lessons for advocates

As far as transportation ballot measures go, few have gone down in defeat as decisively as Nashville’s ambitious $5.4 billion transit expansion effort last week. The defeat was especially startling because local transportation measures generally fare well at the ballot box…

Juvenile Justice reforms yield major advances in Kentucky

Juvenile justice reforms enacted by Kentucky in 2014 are creating substantial benefitsfor youth, families, and communities throughout the state. Between fiscal years 2014 and 2017, the number of youths held in Department of Juvenile Justice facilities fell 34 percent, reflecting…

Foot-dragging by state regulators imperils energy infrastructure projects

Keeping America’s rapidly expanding economy humming along will require, among other things, a state-of-the-art energy infrastructure commensurate with the demands of technology-driven global competition…

Playing chicken with Virginia’s credit score

It’s hard to know how much of the current game of chicken House Republicans and Senate Republicans are playing is mostly just positioning and theater, and how much of it represents genuinely irreconcilable differences. But it’s starting to make folks nervous…

 

 

 

Michael W. Woods
Senior Manager - Virginia

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

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