Business

Virginia DMV Wages War Against Free Markets in Attempt to Shutter Uber, Lyft

This article originally appeared on Watchdog.org

CEASE AND DESIST: The Virginia DMV is ordering Uber and Lyft to cease all business in Virginia. Photo courtesy of geekwire.com

CEASE AND DESIST: The Virginia DMV is ordering Uber and Lyft to cease all business in Virginia. Photo courtesy of geekwire.com

By Kathryn Watson
Watchdog.org, Virginia Bureau

ALEXANDRIA, Va. — Just when you thought you couldn’t despise the Department of Motor Vehicles any more, Virginia’s DMV officials decided to wage an all-out war against free markets by sending cease and desist letters to popular passenger carrier companies Uber and Lyft, urging them to stop doing business in the commonwealth.

The Virginia DMV, which has already fined Uber and Lyft $26,000 and $9,000, respectively, says Virginia law “requires for-hire passenger carriers to have proper operating authority,” and their business model — a model which allows passengers to conviently look up driver ratings and connect with one such part-time driver of their choice via smart phone mobile apps — doesn’t fit the bill. Continue reading


Philip Morris USA Building 1 Million-Square-Foot Tobacco Warehouse in Chesterfield

RICHMOND, Va. – Philip Morris USA (PM USA) today announced it intends to invest over $50 million to establish a tobacco leaf storage warehouse complex on 118 acres in Chester, Virginia. PM USA will lease four buildings totaling 1 million square feet off of Bermuda Hundred Road in the Meadowville area of Chesterfield County, just outside of Meadowville Technology Park and close to their Park 500 tobacco processing facility.

PM USA is developing the new warehouse complex to store raw materials used in making its tobacco products. The warehousing complex will complement PM USA’s existing leaf storage warehouses in the Richmond area.

“This new PM USA facility will be a welcome addition to our corporate community and once again indicates Chesterfield’s commitment to providing a business friendly environment,” said James Holland, Chairman of the Chesterfield County Board of Supervisors. Continue reading


Mondelēz Announces $40 Million Expansion

May 9, 2014

Powerhouse of Snacks Puts Power in Henrico Economy

RICHMOND – Governor Terry McAuliffe announced today that Mondelēz Global LLC, the U.S. operating company of Mondelēz International, Inc., will invest more than $40 million to expand its biscuit bakery in Henrico County. The facility manufactures a variety of Nabisco crackers and cookies, including Ritz, Wheat Thins and Premium crackers, Oreo and Chips Ahoy! cookies, and Nilla wafers.

This investment will enable the addition of a new, state-of-the-art manufacturing line for Ritz crackers and add 38,000 square feet to its existing bakery in Henrico County.

Speaking about today’s announcement, Governor McAuliffe said,

This new investment in the Nabisco bakery in Henrico County is a reflection of the outstanding climate that Virginia offers businesses seeking to start or expand their operations and stay on the cutting edge of high-tech manufacturing.

Continue reading


Governor McAuliffe Announces 110 New Jobs for Charlotte County and Virginia Manufacturing

~The Corsi Group to invest approximately $5 million in first Virginia manufacturing operation~ 

RICHMOND – Governor Terry McAuliffe announced today that The Corsi Group, a leading manufacturer of custom and semi-custom cabinetry, will invest approximately $5 million to establish its first Virginia manufacturing operation in Charlotte County. Virginia successfully competed against Kentucky for the project, which will create 110 new jobs.

Speaking about today’s announcement, Governor McAuliffe said, “Speaking about today’s announcement in Keysville, Governor McAuliffe said, “The addition of more than 100 new jobs is significant news for Charlotte County as it continues to rebound economically.  As The Corsi Group expands its footprint and establishes its first East Coast manufacturing operation in Virginia, we celebrate a new corporate partner in a region that offers a robust, skilled workforce and improved cost competitiveness to the company’s expanding customer base. Continue reading


Governor McAuliffe Announces New Tourism Development Financing Project in Newport News

~Proposed City Center at Oyster Point Entertainment District to create 525 new jobs, projected tax benefit of more than $2 million~

NEWPORT NEWS – Governor Terry McAuliffe today announced the certification of City Center at Oyster Point Entertainment District Tourism Project, a project funded by the Commonwealth’s Tourism Development Financing Program (TDFP). The program provides gap financing for larger-scale tourism development projects and is done in partnership with developers, localities, financial institutions, the Virginia Tourism Corporation, and the Virginia Resources Authority. This is the second project approved under the Commonwealth’s TDFP. Continue reading