Economy and Economics

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Annually for about 13 years, Virginia—like many other states—has been losing about 30% of its honey bee population to a host of problems.  

Some might think that there’s no need to worry.  But aside from the delicious honey they produce, bees are a major contributor to the production of Virginia agriculture, the state's top commodity.

Kill the bees, kill the economy—not to mention furthering the slow breakdown of the ecosystem. So what's leading to the decline? Virginia Tech entomologist Dr. Troy Anderson says a lot of factors are responsible.

Maybe you’ve seen that television show Shark Tank?  …Where would-be entrepreneurs pitch their ideas for new businesses? Well, Floyd County is doing something sort of like that as a way to spark economic development there.  

VA Lawmakers Weigh In on US/Cuba Relations

Mar 9, 2015
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With more than $40 million in sales, Virginia is the third largest exporter of agricultural goods to Cuba - after Georgia and Louisiana. Some lawmakers hope to normalize trade relations - but some feel it’s best to maintain our distance.  

After recently venturing down to Cuba, Virginia Democratic Senator Mark Warner describes how the embargo hurts Virginia farmers. 

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Virginia’s two big electric companies will escape state regulation of their base rates for up to eight years under a bill which caught opponents by surprise – a measure just approved by the Virginia House.   Its sponsor promised a rate freeze for consumers, but your bill could still be going up.

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Faced with a budget shortfall, state legislators are eyeing a very large piggy bank - the unclaimed cash of Virginia residents being held by the Treasury. About $1.7 billion dollars - that’s billion with a B - is awaiting a call from the rightful owners. 

Benjamin Jarvela looks nothing like Santa Claus, but he hopes to give Virginians lots of presents this year.  As spokesman for the state’s treasury, he says one in four people has a forgotten utility deposit or some other money in Richmond, waiting to be claimed. 

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