Category: Entrepreneurs and Innovation
-
Dreams from the Opium Den
This is the third article in a series about Terry McAuliffe and GreenTech. by James A. Bacon and Carol J. Bova When partners Xiaolin “Charlie” Wang, Anthony Rodham, and Terry McAuliffe banded together in 2009 to finance and build an electric vehicle enterprise known as GreenTech Automotive, they thought big. Very big. In a 2009…
-
A Handshake Deal Gone Bad
This is the second in a series of articles about Terry McAuliffe and Greentech. by James A. Bacon and Carol J. Bova Fourteen years ago, Benjamin Yeung was a Chinese entrepreneur whose companies manufactured and sold minibuses, passenger cars and business vehicles in China. In 2007 he launched a venture with the idea of building…
-
Where Did $140 Million in GreenTech Money Go?
This is the first in a series of articles about Terry McAuliffe and GreenTech Automotive. by James A. Bacon and Carol J. Bova In September 2016, the Office of the State Auditor (OSA) of the state of Mississippi began undertaking a review of the contracts signed by the state’s economic development authority. The goal was…
-
Sidney, We’ll Miss You
by James A. Bacon Sidney Gunst, who died last week, was best known as the pioneering developer of the Innsbrook office park in Henrico County — the biggest employment center in the Richmond metropolitan area outside of downtown Richmond. The Richmond Times Dispatch’s Greg Gilligan did a fine job on short notice of capturing Sidney’s…
-
310 Virginia Companies in the Inc 5000 This Year
And now for a bit of good news. Virginia’s entrepreneurial economy is faring very well, thank you. This year 310 Virginia companies are ranked in the Inc. 5000 list of fastest growing privately held companies. Five were ranked in the Top 100. How does that compare nationally? In very rough numbers, Virginia accounts for one…
-
Selling Virginia Pot? Expect A Union Label
by Steve Haner When Virginians begin to buy marijuana from state-licensed providers, if Governor Ralph Northam has his way, along with his smiling visage on every baggie of grass you may also find a union label. I’m kidding about getting high with the governor’s image on the package but using the legalization bill to promote…
-
Podcast: How the General Assembly Has Changed
—
by
in Agriculture & forestry, Blogs and Blog Administration, Business and Economy, Civil Rights, Individual Liberties, Consumer Protection, Courts and law, Demographics, Economic development, Energy, Entrepreneurs and Innovation, Environment, General Assembly, Government Finance, Health Care, Housing, Immigration, Infrastructure, Labor and Workforce, Land use & Development, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race RelationsBy Peter Galuszka I haven’t contributed much to BR lately since I am slammed with non-Virginia work. I did manage to help out on a Podcast about how the General Assembly has changed the state over the last two years as Democrats have gained power. This Podcast is produced by WTJU, the University of Virginia…
-
COVID-19’s Long-Term Changes in Virginia
by DJ Rippert In the long run… Over the past eight months COVID-19 has dramatically impacted the world, the United States and Virginia. One hundred and twenty thousand cases of COVID-19 have been reported in Virginia Over 2,500 people have died from COVID-19 . The cases, hospitalizations and deaths continue to grow in the Old…
-
Construction: Virginia’s Quiet, Strong Man
—
by
in Agriculture & forestry, Blogs and Blog Administration, Business and Economy, Civil Rights, Individual Liberties, Consumer Protection, Culture wars, Demographics, Economic development, Energy, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government Transparency, Infrastructure, Labor and Workforce, Land use & Development, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Science & Technology, Social Services and Entitlements, Taxes, Telecommunications, TransportationBy Peter Galuszka For all the complaints about the COVID-19 pandemic in Virginia – the shut-down restaurants and (temporarily) closed beaches – one industry has been working steadily and quietly all along – the state’s construction sector. Builders haven’t missed much of a beat since the “state at home” orders started going out a couple…
-
WTJU Podcast: COVID-19 and the Economy
—
by
in Agriculture & forestry, Bacon and Pigs, Blogs and Blog Administration, Business and Economy, Charity, Philanthropy, Nonprofits, Civil Rights, Individual Liberties, Consumer Protection, Corruption and Scandals, Culture wars, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Efficiency in Government, Elections, Electoral process, Energy, Entrepreneurs and Innovation, Environment, Federal issues, General Assembly, Governance, Government Finance, Government Transparency, Gun rights, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, Telecommunications, TransportationBy Peter Galuszka Here’s is the twice-monthly podcast produced by WTJU, the official radio station of the University of Virginia. With me on this podcast are Nathan Moore, the station general manager, and Sarah Vogelsong, who covers, labor, energy and environmental issues across the state for the Virginia Mercury, a fairly new and highly regarded…
-
A Look at Richmond and COVID-19
—
by
in Agriculture & forestry, Business and Economy, Children and Families, Civil Rights, Individual Liberties, Consumer Protection, Culture wars, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Efficiency in Government, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, Housing, Infrastructure, Insurance, Labor and Workforce, Money in politics, Planning, Public safety & health, Regulations, Gov’t Oversight, Resilience, Science & Technology, Social Services and Entitlements, Telecommunications, UncategorizedBy Peter Galuszka Here is a roundup story I wrote for Style Weekly that was published today that explains the effects of COVID-19 on the Richmond area. Hopefully, BR readers will find it of interest. It was a tough piece to report. The impacts of the deadly virus are very complicated and multi-faceted. An especially…
-
Bacon Bits: $$$$$ Edition
They didn’t ask this question until now? Will the wave of Amazon-inspired development in the Pentagon City area of Arlington County overwhelm the region’s transportation network? “Arlington planners, and nervous neighbors, want to know,” reports the Washington Business Journal. Some neighborhood groups are wary that the point of the planning review is to clear the…
-
Block.one Chooses Arlington for U.S. Headquarters
This may be the most fascinating Virginia business story of the year. Block.one, a leader in blockchain technology that originated in Blacksburg but is headquartered in Hong Kong, has announced that it will establish its U.S. headquarters in Arlington County. Virginia is providing a $600,000 grant from the Commonwealth Opportunity Fund to snag the $10…
-
Undercover Billionaire and the Opportunity Narrative
by Don Rippert The show. The Discovery Channel started airing a new series about a billionaire who goes to Erie, Pa with an old pickup truck, $100 and a cell phone with no contacts. His goal is to build a business worth $1m in 90 days. If he achieves the goal he will share ownership…
-
Sweet Briar Finds Niche in Artisinal Agriculture
Women account for a rapidly increasing percentage of the nation’s farmers, and in that trend Sweet Briar College sees a business opportunity. The women’s college, which nearly shut down due to financial difficulties a couple of years ago, has no intention of competing with Virginia Tech’s traditional agricultural sciences program. Instead, it is building a…