Va. auditors examine grants to businesses
There have been cheers from football fans, but also some grumbling about “corporate welfare” since it was announced last week that the Washington Redskins will get $6.4 million in government money to expand their training facilities in Ashburn and move their summer training camp to Richmond. Robert Griffin III (10) during drills with teammates at […]
Dire CBO report projects US debt will be double GDP by 2037
U.S. debt is on track to be nearly twice the size of the U.S. economy by 2037, the nonpartisan Congressional Budget Office (CBO) warned Tuesday. The new CBO report states that increased entitlement spending driven by the retirement of the baby boomers and insufficient revenue is making the long-term outlook for the national debt increasingly […]
APM Terminals wants to run Virginia ports
Global port operator APM Terminals has proposed running most of the state’s port facilities under a long-term deal with the Virginia Port Authority. Under an unsolicited proposal announced Wednesday, APM Terminals also would transfer ownership of its Portsmouth terminal to the state, pay concession fees, make additional capital investments and provide a share of the […]
How Important is Intellectual Property to Your State?
U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) released a first-of-its-kind study breaking out the economic benefits of intellectual property (IP) on a state-by-state level. By measuring R&D spending, the number of scientists and engineers, and the amount of patents, trademarks, and copyrights produced, the study, IP Creates Jobs for America, found that “intellectual […]
Startup Act’s economic benefits
Inside the Beltway, conventional wisdom says that Congress does little during an election year. But Americans are eager to see Congress address our country’s challenges — most important, the economy and job creation. We are introducing bipartisan legislation, Startup Act 2.0 on Tuesday — to help jump-start the economy through the creation and growth of […]
