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News & Press: 2018 Economic Development News

TSS Today's Clips-Wednesday, May 9

Wednesday, May 9, 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.

 

House pushes Senate to schedule action on budget

Three weeks after the House of Delegates adopted a new pair of state budgets, House Republican leaders want to know exactly when the Senate plans to act on its own spending plans so the two bodies can begin resolving…

Third subsea cable to bring 200 high-tech jobs to Virginia Beach

A third subsea cable is planned for Virginia Beach and could bring 200 high-tech jobs to the city. South Atlantic Express International Ltd. wants to build the high-speed data cable to connect South Africa to the U.S...

Here’s when the spinout of DXC Technology’s public sector business will be complete

The complex deal will create a company with $4.3 billion in revenue and rank as one of the handful of largest government IT services providers. DXC Technology plans to complete the spinout of its U.S. public sector business on May 31, with the company known as Perspecta…

Town of Orange, parts of Culpeper designated as Opportunity Zones

The town of Orange and portions of Culpeper have been designated as Opportunity Zones as part of a nationwide federal tax program designed to encourage investments in low-income census tracts…

Federal appeals court hears 2 pipeline cases

The legal fight against the Mountain Valley Pipeline ramped up Tuesday, with lawyers in two cases asking a federal appeals court to slow down the project’s run through Southwest Virginia…

A summary of legal actions involving the Mountain Valley Pipeline

Construction of the Mountain Valley Pipeline has sparked numerous legal actions and challenges. Here is a summary of the major civil cases that are pending:

FreightCar America rebounding in Roanoke, job numbers show

Roanoke’s FreightCar America plant is producing railcars again. FreightCar CEO Jim Meyer said May 3 that the railcar industry has shown “modest signs of encouragement,” according to a transcript of a conference call with analysts…

Residents get glimpse of Fredericksburg District transportation plan

The six-year funding plan will funnel money to more than 3,700 projects statewide, including about 130 projects in the 14-county Fredericksburg District. The bigger local projects include the Rappahannock River crossing project, in both directions…

Woo gives update on Sweet Briar College

After a full year at the helm of Sweet Briar College, President Meredith Woo met with residents and leaders of Amherst County on Tuesday to discuss the state of the school and its future. One development she highlighted was a 40 percent increase in deposits for student applicants over…

Fewer than half of top City Hall Administrators live in Richmond

Less than half of the top Richmond City Hall administrators who are required by policy to reside in city limits currently have a city address. Korita Jones, the city’s director of human resources, shared the new figure with a City Council panel Monday, casting the city’s existing residency requirement as ineffective…

Appeals court hears argument in WV water cleanup case

A federal appeals court was urged Tuesday to overturn a ruling by a judge who found that the state of West Virginia has abandoned its responsibility to write cleanup plans for streams harmed by pollution from mountaintop-removal coal mining….

Poll: 63 percent support Medicaid expansion in Tennessee

Medicaid expansion in Tennessee has strong support among registered voters statewideaccording to a recent poll that a number of patient advocacy groups are getting behind. The poll…

California is set to require solar power for new homes

Solar panels have become an increasingly familiar sight on California rooftops as the state moves toward a clean-energy future. For new homes, they are about to become a requirement. The California Energy Commission is expected to approve changes to the building code on Wednesday to require…

Trump officials seek ideas on coal 'power plants of the future'

The Department of Energy (DOE) is seeking comment on plans to invest in the development ofsmall-scale, modular coal plants they are deeming the "power plants of the future."DOE submitted a request for information Tuesday to gather input from…

Here's how you now can buy a car from a giant vending machine in Charlotte

An eight-story, clear glass box full of cars on South Boulevard that's drawn curious stares for months is opening Wednesday: Charlotte's first "car vending machine." Owned and operated by Carvana, the building is…

DOJ to Judge: block AT&T-Time Warner deal or carve out fix

The U.S. Department of Justice urged a D.C. federal judgein a court filing Tuesday to either block AT&T’s planned purchase of Time Warner outright, or require the companies to sell Turner Broadcasting or DirecTV before moving ahead with the deal…

States get 'modest' tax help from cannabis, Moody's says

Tax revenue from cannabis sales makes up only a small portion of overall tax revenue in states that have legalized marijuana, despite an explosion in the amount of sales…

145 million Social Security numbers, 99 million addresses and more: Every type of personal data Equifax lost to hackers by the numbers

Ever since Equifax lost control of millions of Social Security numbers, driver's license numbers, names, dates of birth and other sensitive personal information in a massive data breach last year, the credit-reporting agency hasgradually upped itsestimatesof the number of people affected…

Ryan: GOP has deal on bill easing Dodd-Frank

A deal between the House and Senate would clear the way for Congress to pass the biggest changes to the Dodd-Frank financial rules since the law was enacted in 2010…

Ambitious plan would bring statewide public broadband to Michigan

A gubernational candidate in Michigan wants the entire state to have free, publicly owned Internet. Abdul El-Sayed, running as Democrat in this fall's election, calls it "Mi-Fi." "Mi-Fi" would treat the Internet like a utility instead of a commodity...

Charles Steger’s legacy

Charles Steger’s legacy can be seen, quite literally, around the world. You can certainly see it in Blacksburg, where Virginia Tech under his leadership expanded in unprecedented ways — growing enrollment, adding 40 major buildings…

Schapiro: Improved odds on casinos, but obstacles remain

Virginia derives a twisted pride in not doing anything too quickly. In the late 1950s, it opted to close public schools rather than allow black and white students to sit in the same classrooms. In Prince Edward County, schools were shuttered for five years, finally reopening under federal supervision in 1964…

 

 

Michael W. Woods
Senior Manager - Virginia

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

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