Virginia business boosters have long fanned fantasies that the state might join the ranks of the nation’s biotech industry leaders. There isn’t much chance of Virginia becoming a center of pharmaceutical commercialization — an industry in which the required expertise is highly concentrated geographically — but there may be hope for medical devices. Writes Virginia…

Many communities are obsessed with making themselves attractive locations for Millennials on the theory that recruiting and retaining skilled and educated young workers will boost the entrepreneurial economy. Come to think of it, I might have contributed to that line of thinking. But maybe localities should be appealing to an older crowd. Successful start-up entrepreneurs…

Yesterday I opined on the critical importance of tax rates in influencing the flow of corporate and human capital between the states (“Supply Siders Like Virginia’s Economic Outlook“). But I made the point that taxes are hardly the only factor driving economic growth. Another important variable is entrepreneurial vitality — the ability of states and…