Category Archives: Economy

Virginia Tax on Racinos Among Lowest in Nation

If Virginia is going to sell its soul, we should at least get the market price. The Virginia Racing Commission is starting to publish monthly reports on the cash flow to Colonial Downs and to the government under the new … Continue reading

Posted in Economy, Taxes | Leave a comment

Increasing Defense Contracts Good News for Virginia Economy

Virginia firms handled more defense contracts than any other state except California in the most recent fiscal year. The $37.4 billion performed in Virginia during the fiscal year that ended Sept. 30, 2018, makes up 4.6% of the state’s gross … Continue reading

Posted in Economy | Leave a comment

Is the U.S. Economy Slowing Down? Are We Headed for a Recession?

Next month will mark the longest U.S. economic expansion on record. But growing signs of a slowing economy — and potentially a recession — have some businesses concerned about the future. Increased uncertainty is never a good thing for businesses. … Continue reading

Posted in Economy | Leave a comment

USMCA: Good For Virginia’s Economy

International trade is now a regular topic of conversation across the Commonwealth and the U.S.   Last year, Virginia manufacturers exported $15.11 billion in goods.    In particular, the U.S.-Mexico-Canada Agreement (USMCA) will accomplish what many thought impossible nearly a year ago – freer … Continue reading

Posted in Economy | Comments Off on USMCA: Good For Virginia’s Economy

April’s Unemployment Rate Means Good News for Graduates Seeking Jobs

With the U.S. unemployment rate at a nearly 50-year low of 3.6 percent in April, this year’s graduates should have an easier time finding jobs than their predecessors. And even better news is that wages for employees at private nonfarm … Continue reading

Posted in Economy | Comments Off on April’s Unemployment Rate Means Good News for Graduates Seeking Jobs