Category: Economic development
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Afghan Immigrants and Their Children in Virginia – Part 2 – the Afghan Adjustment Act
by James C. Sherlock When I wrote Part 1 of this series, I promised further investigation into immigration of Afghan allies into Virginia. The Virginia Department of Social Services (VDSS), a hero in this story, has been entirely forthcoming in answering my inquiries. I will recount in a follow-up post their work so far. But…
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Richmond’s Next Chapter
by Jon Baliles The Times-Dispatch Editorial Board printed a piece this week entitled “The city’s Lost Cause statues are all gone. So what now?” While it recaps the events and protests of 2020 and the fact that all of the former Confederate statues have been removed, it offers a bit more foresight by looking at…
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Tumblin’ Dice
by Jon Baliles The casino project proposal in Petersburg was unveiled this week and it is a big one. In poker terminology, it could be considered an “all-in” proposal. The Progress–Index reports that The Cordish Companies propose a $1.4 billion “‘city within a city’ of entertainment, retail, office and residential property. Its centerpiece would be…
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The Trophy in the Middle of the River
by Jon Baliles Some great news this week about the one thing most everyone can agree on: the James River is awesome, and the heart of the City just got a LOT more awesome. Or at least it is pointing in that direction. Mike Platania at Richmond BizSense reported that The Capital Region Land Conservancy…
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RVA 5X5: Enrichmond and the City’s Radio Silence
by Jon Baliles I won’t do a “Top Stories of 2022” list for this newsletter, but if I did, one of them would surely be the collapse of the Enrichmond Foundation and the radio silence on all fronts concerning its finances, the groups that depended on it, their assets, and the two historic Black cemeteries…
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Suggestions to Ease Virginia’s Housing Crisis without Additional State Money
by James C. Sherlock The Richmond Times-Dispatch, on cue, wrote in an editorial the other day that more state money was needed to fund local housing. Maybe. But that is not the first place to look. The governor wants to condition development aid to local communities on their reforming land-use policies to permit more construction.…
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Are Virginians Putting the State’s Economy on Their Credit Cards?
by James C. Sherlock I wrote the other day about efforts to increase housing in Virginia. That story is very complicated at the levels of the federal, state and local governments. But at the end of that pipeline is the economy. We have read in many places that consumers are spending the savings they built…
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Virginia Business Tax Ranking Falls Again
Virginia continues its long side in tax competitiveness this year with a No. 26 ranking in the Tax Foundation’s “2023 State Business Tax Climate Index.” That’s a decline from 25th place last year, 24th place in 2021, and 23rd place in 2020. As recently as 2017, Virginia’s business tax climate ranked 16th. After eight years…
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Virginia Beach, Where Nothing Changes
by Kerry Dougherty I told you the cronies were back in charge in Virginia Beach. On August 22 four city officials including Councilmen Aaron Rouse and Linwood Branch — the latter was one of the original “Three Amigos” who were, ah, mighty friendly with local developers decades ago — flew to New York City for…
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A Chance for Petersburg
by James C. Sherlock The Youngkin administration is doing an unalloyed good thing the exact right way. In partnership with two Democrats. The Governor, in an extraordinary joint presentation with his cabinet secretaries and Democratic Mayor Samuel Parham, laid out a plan for broad state help to Petersburg. Standing on the stage with Democratic State Senator…
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An Innovative Initiative from UVa Shows A Way to Increase Low Cost Housing
by James C. Sherlock In July I published a series of reports here on the lack of sufficient low-cost housing. The University of Virginia is addressing that problem head on in Charlottesville and Albemarle County. The innovation at the core of the program can be applied by Redevelopment and Housing Agencies (RHAs) across the state.…
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The Great Realignment, Best-State-for-Business Reprise, Housing Drags, and Youngkin Popularity
by Chris Saxman If you read one article this week make it this one from Axios – The Democratic electorate’s seismic shift. Just about every presentation I have given over the last 6 or 7 years begins with a statement or slide that says we are living in a historic political realignment and it’s global.…
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Regulations and the Costs of Doing Business in Virginia
by James C. Sherlock About the only category I found interesting in the “Top States for Business” rankings by CNBC, other than the progressive metrics that are featured in many of the categories, is “Cost of Doing Business.” Virginia’s worst score among the six categories of metrics is that one. The methodology used for costs…
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Wind Farm Threat to Whales is Next Big Argument
by David Wojick The massive offshore wind (OSW) project proposed by Dominion Energy may pose a serious threat to the endangered North Atlantic Right Whale population. A comprehensive environmental impact assessment is required to determine the extent of this threat and the mitigation it might require. The same is true for the other proposed Mid-Atlantic…
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CNBC Top-States-for-Business Ranking Is Worthless
by Chris Saxman CNBC’s Top States for Business Ranking is quickly becoming synonymous with Major League Baseball’s best known worst umpire Angel Hernandez. Why? Like Hernandez, CNBC’s Ranking keeps moving the strike zone and they are fast becoming the best known worst ranking. Here is their explanation : We assign a weight to each…