Economics & Economy

Doubletree Hilton

Norfolk and Western (now Norfolk Southern) opened the Hotel Roanoke on Christmas Day 1882. After undergoing a number of renovations and additions, the Star City mainstay was closed in 1989 - but reopened soon after. The City of Roanoke and Virginia Tech marked the 20th anniversary of the hotel’s reopening by releasing a report that examines the its impact on the local economy. 

In 1989, when the Norfolk Southern Corporation donated the Hotel Roanoke to Virginia Tech, not everyone thought the deal made sense. In fact, it made a lot of dollars.

President Obama has vowed to keep fighting for immigration reform, while Republican leaders push for new limits on who can come and who can stay in the U.S.  Here in Virginia, experts say the debate should take a very different tone, as this state’s immigrant population is like no other in the nation. 

Helping Turn Ideas Into Businesses

Mar 17, 2015

Twelve Virginia localities are receiving money to turn their entrepreneurial ideas into a real business. 

The Building Entrepreneurial Economies program is providing 226 thousand dollars in funding to non-profits and local governments to help develop economies that foster job creation and expansion.  Amanda Pearson is with the state Department of Housing and Community Development.

Maybe you’ve seen that television show Shark Tank?  …Where would-be entrepreneurs pitch their ideas for new businesses? Well, Floyd County is doing something sort of like that as a way to spark economic development there.  

File Photo

Both the House of Delegates and Virginia Senate today overwhelmingly approved their respective versions of the state’s spending plan.  Budget day at the Virginia State Capitol typically reveals how lawmakers really feel about the state of the Commonwealth and how dire things are.

A lot weighs heavily on the House budget, and Appropriations Chair Chris Jones insists that it has much of what Virginia needs-including pay raises for state employees, teachers, and state police, and no cuts to K-12 education.