Economy and Economics

Cyclists Move On

Sep 28, 2015

The world road biking championships wrapped up in Richmond this weekend… Initial fears about slow-to-appear crowds disappeared by the time the largest race happened Sunday. Preliminary numbers show more than 600,000 spectators showed up for the event.

The height of the action on Sunday’s 10-mile course was Libby Hill...

“Look at the wall of fans, it’s like a theater here in Libby Hill. What a fantastic site!”

While millions of TV viewers watch and thousands converge on the capital city of Richmond for the 2015 UCI Road World Championships, right in the heart of the area is a museum that could blunt some of the negative publicity the city received over its Confederate monuments.

The Race Is On

Sep 18, 2015

Virginia’s capital city is gearing up for something it’s never seen before – an international bike race featuring a thousand cyclists and more than a quarter of a million fans.

If you watched the Tour de France on TV, you have some idea of what Richmond is about to experience.  Beginning Saturday, cyclists will fill the roads, warming up and competing in various categories, time trials and races.

It’s been 20 years since Virginia started subsidizing coal companies with tax credits that have cost the state more than $500 million.  As lawmakers review the governor’s budget for the next two years, some experts say it might finally be time to stop propping up King Coal in Virginia. 

MillerCoors LLC

More than 500 people in Southside Virginia and northern North Carolina will be losing their jobs next September when MillerCoors Brewing shuts down beer production in Eden, North Carolina. In an announcement the company blamed loss of sales to craft brewers among other factors.

Average compensation for jobs at the MillerCoors Brewery is around $100,000  a year. That's far above almost anything else along the Virginia/North Carolina state line. Eden mayor Wayne Tuggle says job losses won't stop there, given that other  industries in the region exist to support the brewery.

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