Data shows economic impact and critical need for immigration reform

Tuesday, February 21, 2017

Data shows economic impact and critical need for immigration reform

RICHMOND, VA – New research has been released on the contributions of immigrants in Virginia’s 6th Congressional district and highlight the critical need for immigration reform. Spearheaded by New American Economy (NAE), the event marks the launch of Map the Impact-a campaign to highlight the power of immigrants in communities across the country. This effort […]

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Virginia state revenue rises 7.4 percent in January

Monday, February 13, 2017

Governor Terry McAuliffe announced today that January General Fund revenues rose 7.4 percent from the previous January. On a fiscal year-to-date basis, total revenue collections rose 4.6 percent through January, ahead of the revised annual forecast of 2.9 percent growth. “Although we are slightly ahead of the forecast in payroll withholding collections, about 43 percent […]

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Steel Dynamics to invest $28 million in upgrades and training of existing employees

Thursday, February 2, 2017

Steel Dynamics to invest $28 million in upgrades and training of existing employees

Governor Terry McAuliffe announced today that Steel Dynamics, one of the largest domestic steel producers and metals recyclers in the United States, will invest $28 million in its Roanoke Bar Division in the City of Roanoke to purchase new equipment and make facility enhancements, including railroad track upgrades, and increasing capacity of its rolling mill […]

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Virginia hospitals employ 125,674 and contribute $40 billion to state’s economy

Wednesday, February 1, 2017

Hospitals in Virginia continue to serve as indispensable community pillars that provide public access to essential health services and are economic cornerstones. Newly available data show Virginia hospitals in 2015 employed 125,674 people in good-paying jobs, with payroll and benefits totaling $8.5 billion. Hospitals in the Commonwealth also spent nearly $18.7 billion in our communities […]

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Roanoke Metropolitan Area posts largest December job gains

Tuesday, January 24, 2017

Roanoke Metropolitan Area posts largest December job gains

Roanoke Metropolitan Statistical Area that includes Roanoke City, Roanoke County, Botetourt County, Craig County, Salem City and Franklin County had Decembers largest employment gain in Virginia coming in at an increase of 600 jobs. Virginia’s seasonally adjusted unemployment rate was down 0.1 percentage point in December to 4.1 percent, after increasing the previous four months. […]

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College costs are out of control says a Virginia poll – hurting the state’s economy

Monday, January 16, 2017

According to a poll released today by Partners 4 Affordable Excellence @EDU, Virginia voters – in fact, more than 85 percent – believe improving the affordability and accessibility of Virginia’s public colleges and universities would help solve one of the state’s thorniest problems: its sluggish economy. The poll, conducted January 3-5 by two of America’s […]

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Virginia November unemployment steady, labor force increases, Roanoke MSA has slight loss

Friday, December 16, 2016

Virginia November unemployment steady, labor force increases, Roanoke MSA has slight loss

RICHMOND—Virginia’s seasonally adjusted unemployment rate was up 0.1 percentage point in November to 4.2 percent from October’s revised rate of 4.1 percent. Compared to a year ago, the seasonally adjusted unemployment rate was unchanged. The labor force expanded for the fourth consecutive month to 4,261,091, a record high. The labor force increased by 13,797 in […]

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Novatech Group to invest $3 million in Martinsville and create 50 new jobs

Tuesday, December 13, 2016

MARTINSVILLE – Governor Terry McAuliffe today announced that Novatech Group, a leading Quebec manufacturer of doorglass, steel doors, patio doors, retractable screens, and insulated glass with or without blinds, will invest $3 million to establish its first U.S. manufacturing operation in Henry County. The company will lease a 100,000-square-foot facility to produce and distribute a […]

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Financial challenges for Virginia hospitals – What’s next in federal health care policy?

Thursday, December 8, 2016

Financial challenges for Virginia hospitals - What's next in federal health care policy?

RICHMOND, VA – Newly released figures from Virginia Health Information (VHI), the agency that gathers and reports health care data in the Commonwealth, yet again confirm the fact that many local hospitals across the state continue to struggle financially. The numbers show that 27 percent of Virginia’s acute care, critical access, and children’s hospitals, and […]

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New CEO takes the reigns of troubled Virginia Economic Development Partnership

Monday, November 28, 2016

New CEO takes the reigns of troubled Virginia Economic Development Partnership

Governor Terry McAuliffe announced today the selection of Stephen Moret as President and CEO of Virginia Economic Development Partnership selected by the VEDP Board of Directors. “I congratulate and welcome Stephen Moret as the new President and Chief Executive Officer of the Virginia Economic Development Partnership. I commend the VEDP Board of Directors for selecting […]

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Virginia unemployment rate ticks up slightly – Roanoke MSA gains jobs

Friday, November 18, 2016

RICHMOND—Virginia’s seasonally adjusted unemployment rate was up 0.2 percentage point in October to 4.2 percent and was the same rate as a year-ago October. The labor force expanded for the third consecutive month, increasing by 27,001, or 0.6 percent, as both the number of people reporting that they were working and number of people seeking […]

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JLARC gives scathing review of Virginia Economic Development Partnership Authority

Monday, November 14, 2016

In 2016 the General Assembly passed House Joint Resolution 7, which directed JLARC staff to review various aspects of the Virginia Economic Development Partnership Authority (VEDP). The Roanoke Times reported that Gov. Terry McAuliffe awarded a state grant of $1.4 million to Chinese nationals on the basis of contents on a website. The JLARC produced […]

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