Thursday, September 9, 2010
Thanks to a neighbor for scouring the Internet to find the City of Newport News fiscal year 2011 budget. City officials in Newport News have kept their vision for its citizens and tourists. They successfully run Newport News Golf Club at Deer Run. The fund breaks even as best as I can read this. CLICK on the images twice to enlarge.Filed Under: Technology 3 Comments
Tuesday, August 17, 2010
Lt. Governor Bill Bolling hoped that the light at the end of the tunnel for Virginia’s economy was not a train. That train could come in the form of a “double-dip” recession. Monday morning the Lt. Governor heard concerns and appreciation for the improvements to Virginia’s business climate. Bolling met with the Roanoke Regional Partnership [...]
Thursday, August 5, 2010
Governor Bob McDonnell arrived at Steel Dynamics at noon on Wednesday. Steel Dynamics Vice President and General Manager Joe Crawford and Charles Hunter Chair of the Roanoke Economic Development Authority and Dennis Cronk CEO of Poe & Cronk Real Estate Group greeted the governor. Vice-Mayor David Trinkle introduced Governor McDonnell and touted Roanoke’s two exiting [...]
Tuesday, July 20, 2010
UPDATED July 21, 2010: (See Trinkle responds below just prior to The Roanoke Star-Sentinel print deadline) Roanoke City’s Code of Ordinances says the meals tax citizens pay when dinning out is to be “held in trust by the seller until remitted to the treasurer.” It means exactly that according to Tim Spencer in the city [...]
Tuesday, July 20, 2010
There is a dark cloud of debt hanging over Roanoke City. In a communication from Roanoke City’s financial adviser Public Financial Management, Inc. warned that another year exceeding Roanoke’s self-imposed debt limit is risky. For fiscal year 2010 the 10% debt ceiling has been breached coming in at 10.2%. Another year over 10% risks another [...]
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Thursday, June 24, 2010
The Federal Deposit Insurance Corporation’s (FDIC’s) Advisory Committee on Economic Inclusion (ComE-IN) will meet on today, Thursday, June 24th, to discuss the results of the FDIC’s small-dollar loan pilot program (the pilot). The pilot, launched in 2008, was a two-year case study designed to illustrate the feasibility of banks offering affordable small-dollar loans as an [...]
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Tuesday, June 22, 2010
Monday evening’s public hearing and council motion on the “cart path of least residence” put speakers at ease. The vote came down 5-2 with Mayor David Bowers and Vice-Mayor Sherman Lea voting “no.” Vendor carts will only be allowed at greenways and parks. The most popular spots are likely to be at Carilion Medical Center [...]
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Monday, June 21, 2010
WASHINGTON, DC – Today Congressman Bob Goodlatte called the $50.9 million renovation of the Richard H. Poff Federal Building in Roanoke a waste of taxpayer dollars and strongly requested that the project be halted before further taxpayer funds are wasted. Funds for the Poff Federal Building renovation were designated from appropriations made in the American [...]
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Saturday, June 5, 2010
The Securities and Exchange Commission promised to get moving on a uniform proposal that would keep computers (HAL 9000) from destroying the stock market. On May 6 the DOW plunged 1000 points in 10 minutes. There are at lest 50 separate exchanges involved. Your stock order could be executed at any one of them to [...]
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Saturday, June 5, 2010
Start issuing DOW helmets says Art Cashin, director of floor operations at UBS Financial Services. Cashin (what an appropriate last name) with 43 years on the NYSE floor is always ready for prime CNBC time. His turn of a phrase can make the grumpiest floor trader wince. Friday as volatility picked up in the closing hour of [...]
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Tuesday, May 18, 2010
In a May 18 press release Pfizer announced plans to cease production of consumer healthcare products at its plants in Richmond, Va., and Pearl River in the United States. Richmond’s Eastern Henrico plant will close and lose 550 jobs. The planned reductions will increase manufacturing efficiency and lower costs by more effectively using resources and [...]
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Friday, May 14, 2010
The doors will slam shut to the public on September 6 but not for “Fall Cleaning.” It’s the last day to get your Burger in the Square, New York Sub or a greeting from Zorba’s Adel Eltawansy. According to Rob Ledger, director of economic development for Roanoke City contractors will start renovating September 13. By [...]
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Wednesday, May 12, 2010
RICHMOND- Governor Bob McDonnell and Lieutenant Governor Bill Bolling, who serves as Virginia’s Chief Jobs Creation Officer, issued the following joint statement this afternoon regarding news that Stanley Furniture will lay off 530 workers currently employed at their Henry County plant. “Today’s announcement is a setback for the economy of Southern Virginia and personally devastating [...]
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Wednesday, April 28, 2010
RICHMOND – Governor Bob McDonnell today announced a major initiative by his Administration aimed at reducing homelessness and expanding affordable housing in the Commonwealth. While touring the Better Housing Coalition’s Lincoln Mews apartments this morning, Governor Bob McDonnell announced the establishment of Virginia’s first executive housing policy framework, which will help guide the development of [...]
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Monday, April 26, 2010
RICHMOND: Governor Bob McDonnell today announced that Northrop Grumman Corporation, a leading global security company, will relocate its corporate headquarters from Los Angeles to Virginia, creating 300 new jobs in the Commonwealth. Speaking about today’s announcement, Governor McDonnell commented, “The foremost priority of our Administration is creating new jobs and getting our economy back on [...]
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