Economics & Economy en Backing Small & Minority-Owned Business <p>Governor McAuliffe has signed an executive order to increase the opportunities for small, women- and minority-owned companies to conduct business with the state.&nbsp;</p><p>The goal is to promote equity—and maximize the participation of small businesses in work that’s obtained through procurement and state contracts.&nbsp; He also set a high goal for the number of participants.</p><p>McAuliffe directed Secretary of Commerce and Trade Maurice Jones to raise the state share of spending that goes to small, women- and minority-owned businesses to 42%.</p> Tue, 22 Jul 2014 20:17:15 +0000 Anne Marie Morgan 24687 at Backing Small & Minority-Owned Business Virginia Retirement System <p>The return on Virginia Retirement System investments fell 21% in 2009—but the pension fund has now rebounded and is exceeding expectations. That’s the message delivered by VRS officials to state lawmakers.</p><p></p> Mon, 14 Jul 2014 20:47:44 +0000 Anne Marie Morgan 24293 at Virginia Retirement System Virginia Residents, Businesses Split over Internet Sales Tax <div style="font-size: 13px; font-family: 'bookman old style', 'new york', times, serif; margin-bottom: 0.0001pt;"><p>Another national debate is taking center stage in Virginia—this time over a potential Internet sales tax. One group that’s opposed to out-of-state e-commerce taxation and the federal Marketplace Fairness Act says they have overwhelming proof that Virginians don't want it.</p> Mon, 14 Jul 2014 12:37:41 +0000 Tommie McNeil 24264 at Virginia Residents, Businesses Split over Internet Sales Tax An Elevated Park in Richmond? Why Not? <p>Five years ago, New York surprised the world with a new park, known as the High Line.&nbsp; It was built on an elevated railroad bed that once carried freight, but with lush landscaping, benches, bridges and stairs, it’s become a popular hangout for urban residents in search of nature.&nbsp; Now, the city of Richmond is planning a similar venture.&nbsp;</p><p></p> Wed, 09 Jul 2014 10:29:17 +0000 Sandy Hausman 24027 at An Elevated Park in Richmond? Why Not? SunTrust Mortgage Agrees to a Settlement with Homeowners <p>The U.S. Attorney for Virginia’s Western District has won a settlement with Sun Trust Mortgage, which was under investigation for failing to help struggling homeowners as promised.&nbsp; Those customers may now be getting payments from Sun Trust.</p> Fri, 04 Jul 2014 19:21:40 +0000 Sandy Hausman 23837 at SunTrust Mortgage Agrees to a Settlement with Homeowners