Economic Development

Businesses across the country are about to get major new tax incentives to move to some of the poorest parts of Virginia. But will it work?

MBandman / Creative Commons

State lawmakers are mulling a budget for the next two years, looking for money to fund programs and services.  One fund they’re unlikely to raid is economic development, a category of state spending worth nearly $20 million.

With the recent announcement that Virginia’s labor force is at an all-time high, the state’s economy seems to humming. Nick Gilmore reports on a group that hopes to continue the trend by luring high profile jobs to the Commonwealth.