In the last 20 years, Virginia’s manufacturing sector has declined by 46%.
Given the fierce competition worldwide to attract businesses, state lawmakers are examining whether it makes sense to restructure the Commonwealth’s state and local tax system to remove financial hurdles to doing business here.
The government is now funded through September, but another deadline is hanging over Congress that imperils the economy of Virginia.
The last time Congress wrangled over the debt ceiling the federal government lost its triple A credit rating. Credit rating agencies say Virginia could also lose its pristine credit rating if the federal government gets locked in partisan warfare once again.
That could make borrowing more expensive for cash strapped locales, according to Virginia Democrat Gerry Connolly.
Architects spend a fair amount of time putting pencils to paper and building small models of what they’d like to construct – but how do they know their designs will work in the real world, and what does it take to get something built. That’s what Virginia Tech hopes to teach in a whole new way. It’s called a Design-Build Laboratory, it’s gaining favor at schools around the country.