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Youngkin promises biz-friendly climate for Va.
Talent, taxes and regulations, broadband access and energy are the top concerns for Virginia businesses, according to survey results gathered for the Virginia Chamber of Commerce’s Blueprint Virginia 2030, an action plan for strengthening Virginia’s economy. And those are also priorities for Gov.-elect Glenn Youngkin[...]
New Va. unemployment claims fall by 50%
The state’s new unemployment claims for the filing week ending Nov. 27 fell by about 50% from the previous week, while continued claims rose by more than 7,000 filings. The Virginia Employment Commission installed a new unemployment insurance system in November, and it missed two weeks of reports during that period. Accord[...]
Virginians bet record $427M on sports in October
Virginians bet $427 million in October, a new monthly record, according to data released Wednesday by the Virginia Lottery. Virginia sports bettors won $397 million that month, the lottery announced. Virginia has recorded $2.4 billion in wagering since the state legalized sports betting in mid-January, as well as $206 million in[...]
Altria can’t sell IQOS device in U.S. after ITC ruling stands
Henrico County-based Altria Group Inc. and former subsidiary New York-based Philip Morris International Inc. can no longer sell the IQOS tobacco heating device in the U.S. after the Biden administration’s 60-day administrative review process concluded Monday. On Sept. 29, the U.S. International Trade Commission determine[...]
In memoriam: Va. Gov. Linwood Holton
The iconic fall 1970 photo of Virginia Gov. Linwood Holton escorting his daughter Tayloe to majority-Black John F. Kennedy High School is the enduring image of the Republican governor’s term. “He was fiercely independent,” says A.E. Dick Howard, the University of Virginia law professor who led the 1970 campaign to rati[...]
2021 Political Roundtable: Surfing Va.’s red wave
The day after Election Day, Virginia Business’ six Political Roundtable panelists hashed out what they think the next year will be like in a Richmond where Republicans are roaring back to power. Gov.-elect Glenn Youngkin, a first-time political candidate and multimillionaire former private equity CEO, defeated former Gov. [...]
VEDP board taps interim president
The Virginia Economic Development Partnership Board of Directors’ executive committee voted unanimously on Nov. 17 to name Jason El Koubi interim president and CEO of the partnership, effective Jan. 1. VEDP’s executive vice president, El Koubi has been with the organization since July 2017. “We have succeeded b[...]
Stafford supervisor elected to head VACo
Stafford County Supervisor Meg Bohmke was elected the next president of the Virginia Association of Counties (VACo) at the group’s annual conference in Norfolk on Nov. 16. Bohmke succeeds Fairfax County Chairman Jeffrey C. McKay and becomes the second president from Stafford to lead the association, following Ferris M. Bel[...]
Va. unemployment rate dropped to 3.6% in October
In October, Virginia‘s unemployment rate fell to 3.6%, 0.2 points below September’s rate, Gov. Ralph Northam announced Friday. The state’s unemployment rate has declined for 17 months straight. In October 2020, the jobless rate was at 5.3%, 2.5 points higher than last month. The labor force increased by 5,918 to almost 4.26 million, and the number […]
Prince George County administrator headed to King William County
Prince George County Administrator Percy C. Ashcraft is leaving to take the same role in King William County, county board chairman Floyd Brown Jr. announced Monday. Ashcraft’s last day in Prince George will be Dec. 3 and he will start in his next role on Dec. 6. “As chairman, I am saddened by his announcement, […[...]
Va. expands Elizabeth River Tunnels toll relief program
The commonwealth of Virginia and Elizabeth River Crossings OpCo LLC have partnered to expand the Toll Relief Program, Gov. Ralph Northam announced Monday. Elizabeth River Crossings, partly owned by Spanish company Abertis Infraestructuras S.A, owns Elizabeth River Tunnels, and the program, which was established in 2016, will red[...]
Henrico expands development incentive program, amends tax credits
Henrico County announced this week it is creating a redevelopment incentive program for parts of the county that are in need of renovation. Henrico Investment Program was unanimously approved by the county board Tuesday, and the program is expected to launch in January. Incentives for development and reinvestment will be available for projects along parts […]
