Economic Development rss

Learning from Buena Vista’s Golf Course Default(1)

December 18, 2014

In 2005, the City of Buena Vista in the Shenandoah Valley issued $9.2 million in bonds to pay for construction of the Vista Links golf course. To obtain financing, the city purchased insurance for $400,000 and pledged the golf course, police station and municipal building as collateral. The city made its debt payments for several […]

Full Story»

Manufacturing Boom Depends On Affordable, Reliable Electricity

A year or so ago, few would have predicted the manufacturing expansion we are seeing here in Virginia. After years of seeing jobs and indeed entire manufacturing industries move offshore, we are thrilled to hear of new operations happening right here in the Commonwealth. Recent months have brought announcements of new plants and expansions. The […]

Virginia’s Employment Declines

Employment in the nation is finally starting to pick up. Nonfarm payrolls rose by 192,000 in March, which is 1.7% higher than a year ago. The Richmond metropolitan area is seeing similar growth. Employment rose 1.5% over the year ending with February, which is the latest data available at the regional level. In contrast, employment […]

Suburbia Not Only Not Dying—It’s Thriving

Fortune magazine’s Leigh Gallagher got a large amount of publicity over the summer for her book, The End of the Suburbs: Why the American Dream is Moving. Major newspapers did articles repeating her claims, and she expounded them on various blogs and talk shows: Millennials hate the suburbs, Baby Boomers are moving back to downtowns, […]


More in this category