Economy and Economics

Courtesy of Melissa Davis

It’s no secret that cities across America are competing for young people.

And while large cities with sizzling tech markets may come to mind as the winners in that competition, economists say not to overlook smaller hip places, where the cost of living is a relative bargain.

Virginia has a new economic development proposal for regions within the state…it’s an effort to take some of the decision-making out of the hands of lawmakers and place it back into the hands of  stakeholders.  But as Tommie McNeil reports, the concept called “Go Virginia”  is also getting some mixed reviews.

Pamela D'Angelo

Five economically distressed regions of Virginia are being given grants to stimulate job growth. Maurice Jones, Virginia's secretary of commerce, traveled to the Northern Neck Friday to personally hand over a $70,000 check for a new center to help bring technology jobs back to the U.S.

Virginia's employment rates are breaking state records but Secretary Jones warned about two risks.

The Bottom Line vs. the Waistline

Jan 8, 2016

It’s the time of year when people may be feeling they are maxed out on their credit cards. So is it time to go ‘cash only?’  Researchers at Virginia Tech’s Pamplin School of Business warn, there’s a subtle catch to using cash. It may lead you to splurge even more. 

Many people believe paying with cash instead of credit cards can help your bottom line.

“ You know cash is more painful to spend with right, so you actually feel the money leaving your pocket and you feel the pain, the psychological pain of spending.” 

It’s the time of year for helping others --  donating to toy drives or food pantries. But, as Mallory Noe-Payne reports, this holiday season might be a good time to re-think what we mean, when we say charity.

Walk around Virginia’s capital city, and you will see people begging on street corners, or sleeping on park benches. And this time of year, says Kelly King Horne, people hone in on it. Horne is in charge of Homeward, Richmond’s planning office for homeless services.

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