Business & Industry

Why Virginia Loses Jobs

Oct 20, 2015
Watchdog.org

Governor Terry McAuliffe predicts Virginia will have 1.5 million job openings in the next decade -- fueled by the retirement of 900,000 baby boomers.  He hopes to see 600,000 new positions but says it isn't always easy to attract new business to the Commonwealth.  Sandy Hausman has that story.

Governor Terry McAuliffe wants to be known as the man who generates jobs, but he admits Virginia is not always an easy sell.  He recently asked the CEO of Canon to build its global research and development center here and was told …

Hiding from the Taxman?

Oct 16, 2015

Revenues for the state’s general fund are up nearly ten percent from last year, according to the governor’s office.  Terry McAuliffe cites an improving economy, but critics say Virginia would be doing far better if corporations paid their fair share of taxes. 

It’s early to be thinking about Thanksgiving and Christmas, but one Richmond company is in full holiday mode.  

On a quiet afternoon, Mark Sauer sits in the large executive office of a company founded by his great, great grandfather.  There’s an old  photo of his uncle delivering products from a donkey cart, and color portraits that underscore the history of the firm.

“This is CF Sauer.  This is CF Sauer, Junior.  That’s my father, CF Sauer, the third, and this is my brother, CF Sauer, the fourth.”

Over the years, each has overseen the manufacture of pure vanilla.

Richmond is in the spotlight this week, hosting the world championships for road biking. As out-of-towners flock to the city, and spectators stroll the streets -- community developers have seized the unique opportunity to do something new with old spaces.

Josh Son bikes through downtown Richmond to get to his office. He works for the city, helping attract businesses. And every day, he’d bike past the same row of abandoned storefronts. 

“Since they’re uninhabited they’re not being taken cared for. Some of them are falling apart, they’re dirty.”

Associated Press

Anyone working or living around Richmond can attest to the sizeable impact of the UCI World Cycling Championships. But, beyond the road closures and massive crowds, some believe the race’s presence could leave a lasting impression on the region. 

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