Business & Industry

Export Import Bank Debate Divides GOP

Jul 7, 2015

There’s a little known bank run by the federal government that just expired. It supports billions of dollars in economic activity across the commonwealth.

You likely haven’t heard of the Export Import Bank, but it’s been at the center of a fierce debate dividing tea party conservatives and more moderate Republicans. David Brat was swept into office after defeating former House Majority Leader Eric Cantor in the G-O-P primary. Brat likens the bank to the federal lenders Fannie Mae and Freddie Mac, which came running to Congress for a bailout during the economic downturn in 2008.

Airbnb is a prime example of what’s known as the sharing economy - homeowners renting out rooms on a short-term basis to visitors looking for a low-cost alternative to hotels.  Booking occurs through the company’s website, which takes a cut.  Users says it’s a great way to make extra cash, but some cities - like Richmond -- claim the practice is illegal.

Deborah Doe shares her historic Richmond home with three zebra finches, a dog and a cat.  She also welcomes guests from around the world - collecting about $70 a night through Airbnb.

Renaming the Redskins

Jun 26, 2015
Creative Commons

The Washington Redskins were back in court this week, hoping to overturn a U.S. Patent Office decision that canceled the team’s trademark, because some find it offensive.  That controversy prompted business students at Virginia Commonwealth University to research and choose new names for DC’s professional football team. 

Whatever happens in court, VCU Business Professor Kelly O’Keefe says Washington has got to come up with a new name, because native Americans are not the only ones who think calling a team by skin color is offensive.

 About half the private sector jobs in this country are in small businesses. Women comprise a third of small business owners nationwide.  But in Floyd Virginia, where county officials held a contest for the best new small business plans, 100% of the winners were women. 

In parts 1 and 2 of this report, you met some of them. Today we meet the others.

More from Floyd's Kinder, Gentler Shark Tank

Jun 25, 2015

 Small, rural communities can have a tough time attracting large employers; so some are looking to spur local business development from the ground up. In Floyd, Virginia, they held a competition offering prizes for the best business plans.

Yesterday we heard from the first place winner, who’ll now be able to take her natural and organic body care products to the next level. 

Today, in part 2 of our series….we meet the second place winner with another home grown business idea. 

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