Tag: Economy

Thermo Fisher Scientific to invest $9.5 million to expand operation in Frederick County

Thermo Fisher Scientific Inc. will invest $9.5 million in its medical device manufacturing operation in Frederick County.


How is the Commonwealth of Virginia performing economically?

The Commonwealth of Virginia’s gross state product was last measured at $480 billion (November 2016).

Study: Agritourism impact on Shenandoah Valley economy

Fresh data shows businesses along the Shenandoah Valley’s Fields of Gold Farm Trail contribute significantly to the region’s economy.

On lemon free trade

Referring to TPP and other free trade agreements is conventional wisdom – and wrong.

Can Trump revive manufacturing? Waynesboro as a case study

Waynesboro isn’t the Rust Belt, but if you know the city’s economic history at all, well, it isn’t all that different.

Seven things to keep in mind about the U.S. economy in 2017

A new year has dawned, a new president is about to take office and many Americans are wondering how 2017 could affect their bottom line.

Department of Labor signs agreement with VEC to protect workers from misclassification

The Department of Labor and the Virginia Employment Commission signed an agreement intended to protect employees’ rights.

McAuliffe announces new private sector sponsorship for MACH37 Cyber Accelerator

Amazon Web Services, Inc. (AWS) has agreed to participate as a Platinum Sponsor of the MACH37 Cyber Accelerator program.

terry mcauliffe

McAuliffe signs Food Crop Donation Tax Credit bill

Governor Terry McAuliffe today ceremonially signed the Food Crop Donation Tax Credit legislation.

Alcoa to invest more than $8 million to expand manufacturing operation in Henry County

Alcoa will invest more than $8 million to expand its aerospace forging capabilities at its manufacturing operation in Henry County.

Worst corporate welfare criticism ever

Leave it to someone at the Cato Institute to write a column attacking corporate welfare on the grounds that it victimizes the recipients.

robert hurt

Robert Hurt: Encourage economic prosperity

This past week, Congressman Jeb Hensarling, Chairman of the House Financial Services Committee, introduced a robust plan to replace the Dodd-Frank Act.

Robert Hurt introduces bill to improve small business access to capital

Congressman Robert Hurt (R-Virginia has introduced the Investment Advisers Modernization Act of 2016 (H.R. 5424).

SCC advises former licensed insurance agents of possible data breach

The State Corporation Commission is advising former licensed insurance agents of the potential improper access to their personal data by a former contractor.

Governor announces $1 million in Economy Workforce Grants

Seven regional Workforce Development Boards in the Commonwealth were awarded grants to work with small businesses.


Filtroil finds new international customers through State Export Program grant

Filtroil, a Richmond-based provider of industrial oil filtration products, signed multiple distributor agreements with customers.

Ballast Point Brewing and Spirits chooses Botetourt County for East Coast brewing operation

Ballast Point Brewing and Spirits will invest $47.8 million to establish an East Coast brewing operation in Botetourt County.

Virginia Tech enables unmanned aircraft testing to survey energy corridors, study long-distance flights

Gov. Terry McAuliffe announced initiatives last week that will further develop unmanned systems technology to strengthen the new Virginia economy.

The connection between employee monitoring tools, performance

Tearing your hair out in frustration over constantly finding your employees either slacking off and simply staring on the screens of their smartphones?

Survey: Spike in bee deaths could impact economy

A survey released this week shows a sharp increase in the death of American honey bees.


Judge rules in favor of Nelson County residents denying pipeline survey

A judge has ruled in favor of 37 Nelson County landowners who had denied Dominion the right to survey their properties for the proposed Atlantic Coast Pipeline.

Buy American hurts Americans

Buying only American-made parts is good not just for the particular Americans who make and sell those parts, but for all Americans

Are executive suites more cost effective than traditional office space?

If you’ve ever pondered the idea of renting executive suites, you may have stopped short of doing it because you assumed that it would be too expensive.

Virginia’s greenhouse industry continues to grow

In 2015, greenhouse and nursery products were Virginia’s sixth-largest agricultural commodity based on cash receipts.

dominion virginia power

Dominion Virginia Power proposes reduction in customer bills

Dominion Virginia Power customers can expect to see lower electricity bills this summer if a fuel rate proposal is approved by the SCC.

Six highly useful tips for online entrepreneurs

Online business is thriving, and you can become a millionaire selling across national borders, but the online market is tough to crack.

dominion virginia power

Dominion announces first-quarter earnings

Dominion Resources announced operating earnings for the three months ended March 31, 2016, of $572 million ($0.96 per share).

dominion virginia power

Longtime Questar executives chosen to head Dominion Questar

Dominion (NYSE: D) has chosen longtime Questar Corp. (NYSE: STR) executive Craig C. Wagstaff to lead its western U.S. natural gas operations.

Woodgrain Millwork to expand manufacturing facility in Smyth County

Woodgrain Millwork will expand its door and window component manufacturing facility in Smyth County.


Low prices make for a tough year for dairy farmers

Statistics from the first two months of 2016 indicated that milk prices were the lowest they had been since the same time in 2009.

Virginia unemployment rate lowest since 2008

Virginia’s seasonally adjusted unemployment rate declined by 0.1 percent in March and is now at 4.0 percent—the lowest rate since the June 2008 rate of 3.9 percent.

robert hurt

Robert Hurt: Federal, state, local cooperation is key

As has been the case for far too long, it is clear that Washington is still too often standing in the way of a robust economic recovery.

It’s tax time: But corporations aren’t paying

Tax Day offers a stark reminder of the difference between those of us who pay all our taxes every year and the big corporations that don’t.


VCU event to explore future of AirBnB in Virginia

Experts will convene at VCU as part of a panel discussion on concerns and opportunities related to companies such as AirBnB.

Ply Gem Windows to invest $2 million to expand operation in Franklin County

Ply Gem Windows will invest $1.98 million to expand its manufacturing operation in the Town of Rocky Mount in Franklin County.

Drake Extrusion to invest $6 million to expand in Henry County

Drake Extrusion, a subsidiary of International Fibres Group, will invest $6 million to expand its manufacturing operation in Henry County.

Tourism Association of Greater Waynesboro speaks out on Wayne Theatre

The Tourism Association of Greater Waynesboro addressed the budget recommendations by City Manager Mike Hamp relative to the Wayne Theatre.

Stink bug research could bear fruit in a few years

About five years ago the brown marmorated stink bug migrated into Northern Virginia and began damaging the apple crop and other produce.