Economics & Economy

Economics & Economy
2:28 pm
Sun April 28, 2013

Air Traffic Controllers Back to Work

Lawmakers in the region are divided over a measure to give more flexibility to the FAA while leaving strict spending requirements in place for other parts of the government.

Airport delays caused by the sequester may soon be a thing of the past.  The legislation gives the FAA flexibility so air traffic controllers can get back to work.

Critics say those budget cuts only impact a small minority of the public, like business people and lawmakers themselves, while other parts of sequestration are hitting more vulnerable populations, like low income school children.

Read more
Effects of Sequestration
4:22 pm
Thu April 18, 2013

The Future of Public Housing

The Chair of the Virginia Housing Commission says the future of public housing will be the panel’s primary focus for this year, as thousands of the Commonwealth’s children, families, and veterans could be homeless within months—as a result of sequestration.

U.S. Department of Housing and Urban Development Deputy Secretary Maurice Jones says federal sequestration has resulted in 5% reductions in nearly all of HUD's programs—and that translates to the non-renewal of homeless assistance grants and vouchers to more than 125,000 individuals:
 

Read more
16-Day Trade Mission
4:43 pm
Tue April 9, 2013

Selling Virginia

Governor McDonnell heads out West this week … before flying to the Far East on a trade mission to China and Japan. 

A team of state economic development officials and cabinet secretaries will travel with the Governor on a 16-day job creation and marketing mission that begins in Los Angeles and San Francisco.

McDonnell says he and Utah Governor Gary Herbert will co-market their states to California companies.

Read more
Government & Politics
5:32 pm
Tue April 2, 2013

Restructuring Virginia's Tax System

In the last 20 years, Virginia’s manufacturing sector has declined by 46%. 

Given the fierce competition worldwide to attract businesses, state lawmakers are examining whether it makes sense to restructure the Commonwealth’s state and local tax system to remove financial hurdles to doing business here.  

Read more
Development Rarely Pays
1:32 pm
Wed March 20, 2013

The Downside of Development

Every five years, Virginia requires cities and counties to update plans for development – how and where they’ll grow. 

Many communities assume growth is good – and some even offer tax breaks to attract new industries and businesses, but a new report by Charlottesville economist David Shreve and planning consultant Craig Evans suggests that’s not the case if new companies hire people from elsewhere. 

That’s because new residents increase the demand for public services, such as education, road construction and maintenance, public safety, water systems, sewers and so on.

Read more

Pages