Economy and Economics

There’s good news from the Governor and the heads of the General Assembly’s money committees. Despite dealing earlier with a significant revenue shortfall, the state is now seeing a $338-million revenue bump from withholding through corporate income tax and insurance premiums.

It amounts to $162 million more over the biennium after a $176 million  deposit into the Rainy Day Fund. Governor McAuliffe says it provides a little extra money to spend as the budget is crafted.

Norfolk Southern Jobs Move to Norfolk or Atlanta

Jan 28, 2015
Norfolk Southern Corporation

Norfolk Southern is closing its office building in downtown Roanoke, affecting 500 employees. 

Norfolk Southern Spokesman Robin Chapman says employees were informed Tuesday morning. .

Full Disclosure: Capped Out

Jan 21, 2015
ATW80.com

More Americans than ever are going to college.   And more than ever are burdened with high debts and few job prospects.

In the latest installment of his Full Disclosure podcast, Richmond-based business reporter Roben Farzad talked with University of Richmond Business Professor Eric Martin,  who says  four years of college at the full sticker price is just not for everyone.    And Martin points to recent studies claiming that only 37%  of new jobs created require a four-year-degree.

Creative Commons

You’ve heard of ‘Eco-Tourism’ where visitors go to learn about the local the ecology of a place.  Now there’s variation on that theme.  It’s "Agri-Tourism" and it’s a growing thing in Virginia. 

You might think the largest industry in Virginia is defense or some other government related sector, but in fact it’s Agriculture and third largest, tourism.  So it’s no surprise that the ‘Agritourism’ sector is growing.

The City of Buena Vista has a loan payment due on January 15, a payment it does not intend to make. What will happen after that is unknown at present but one possible result is that local government officials and the police department will receive eviction notices. A look at a financial crisis in this Blue Ridge city of 7,000 residents that's been in the making for more than a decade. 

       

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