Business & Industry

While Israeli leaders have voiced their displeasure about the Iran nuclear deal amidst already strained relations with the U.S., some have wondered if that dynamic has had any impact on Virginia's business relationship with Israel. 

Virginia-Israel Advisory Board Executive Director Ralph Robbins says here, officials don't have to get too much into politics, and economic development transcends any politics at the higher levels.

Governor McAuliffe has been actively working to recruit new businesses to Virginia, but companies that are already located in the Commonwealth say they could use state help to export their goods and services. And a new Virginia International Trade Alliance just announced by the governor aims to help those companies expand and succeed in the international marketplace.

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What's the definition of a small business? About a dozen stakeholder organizations along with Virginia's Secretary of Commerce are in the process of redefining what it means in the Commonwealth. 

The redefinition could affect the eligibility of many companies to compete for state contracts or participate in some financial assistance programs.  The task force is the result of legislation passed earlier this year, which was sponsored by Northern Virginia Delegate Alfonso Lopez.

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.

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