Economics & Economy

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Governor McAuliffe says when he addresses lawmakers about the state's budget this week, he intends to talk about his new economic development package.

His initiative includes legislative proposals that the governor says are necessary to reduce the Commonwealth’s reliance on federal dollars.

Drones have gained global attention for their ability to spy on people in times of war, but these unmanned flying objects have plenty of peaceful  applications, and a Lynchburg man is pioneering one - swooping in to help realtors sell property.

The Internet has become a popular place for people to buy and sell products and for individuals in search of dates and mates to meet.  Now, a group in Charlottesville has launched a website where chefs can find producers of local farm products.  

If you’re looking for ghost peppers or baby ginger, quail eggs or chicken feet for stock, oyster mushrooms, organic hopes or goat milk ice cream, you’re in luck.  The Piedmont Environmental Council’s Rex Linville says his group has created a website that’s already offering those things and much more to the needy chef.

Its official name is the Virginia Tobacco Indemnification and Community Revitalization Commission, but people just call it the Tobacco Commission.

Since 2000 it's spent more than a billion dollars on grants intended to do what its name implies – revitalize parts of Virginia devastated by the fall of the tobacco economy. 

The Commission has drawn the attention of many critics along the way.

While state and economic development officials often focus on attracting new companies to create jobs and spur the economy, some business experts say another novel approach may be even more effective in achieving those goals.  The Small Business Commission composed of lawmakers and business leaders learned the details about “Economic Gardening” during its Richmond meeting on Monday. The entrepreneurial strategy targets small businesses that are on the verge of becoming high-growth companies. 

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