Tax Restructuring in Virginia: Revenue Neutral Path for Improving Virginia’s Economy

The following report is an update to two previous studies on this topic by the Thomas Jefferson Institute for Public Policy.

Michael Thompson, President of the Thomas Jefferson Institute for Public Policy, urged the General Assembly to restructure the Virginia tax code in a revenue neutral way that could create tens of thousands of jobs. Thompson was testifying for the second time before the Small Business and Manufacturing Development Commissions.

The keys to remember for this significant tax restructuring:

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The Greater Richmond Partnership Assisted in Over 2,000 New Jobs

Partnership unveils results at 19th Annual Meeting

October 25, 2013

Projects include 53 assisted companies with more than 2,000 jobs created

RICHMOND, VA – The Greater Richmond Partnership (GRP), the economic development group for the counties of Chesterfield, Hanover, Henrico and the City of Richmond, held its 19th Annual Meeting and Investors Reception at the North American Headquarters of Allianz Global Assistance on Thursday evening, Oct. 24.

During the event, the regional organization unveiled its results from the 2012-2013 fiscal year, which included supporting the creation of 2,058 new jobs and $276 million in new capital investment. Since 1994, the GRP has assisted more than 445 new companies to the region that have created $8.1 billion in capital investment. Continue reading

Governor McDonnell Announces DESMI Inc. Expansion and New Jobs

DESMIGovernor McDonnell Announces DESMI Inc. Expansion of Manufacturing Operation and North American Headquarters Established in City of Chesapeake

-Pump solutions company invests $1.9 million and will create 34 new jobs-

RICHMOND – Governor Bob McDonnell today announced a $1.9 million investment by DESMI Inc., a global company specializing in the development and manufacture of pump solutions for marine, industry, oil spill combating, defense & fuel, and utility, both locally and globally, to expand its assembly and manufacturing operation in the City of Chesapeake. Continue reading

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