The Future of Manufacturing in Virginia

The General Assembly has been doing yeoman’s work in studying the needs of manufacturers in Virginia. Although it accounts for an ever-diminishing percentage of jobs in Virginia, the manufacturing sector remains a vital contributor to the Commonwealth’s economy, especially in Virginia’s smaller metropolitan areas. The Senate has been investigating what the state might do to become more competitive in the manufacturing arena.

A joint subcommittee studying manufacturing has issued a preliminary report, with a final draft to follow after the General Assembly session. Among the highlights:

  • Revamp the rules regarding the ownership of intellectual property developed at state universities through privately-sponsored research.
  • Adopt a state energy plan which would include measures to improve the supply of natural gas.
  • Reduce the state/local tax load on manufacturing, which is higher than for any other sector of the economy.

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3 responses to “The Future of Manufacturing in Virginia”

  1. Ray Hyde Avatar

    I regard this as very serious. I don’t believe we can all make our living providing services to each other. Sooner or later someone is going to have to make, build, or grow something.

    This is going to come back an haunt us someday.

  2. Anonymous Avatar

    Exactly, Mr. Hyde. I think it was Mark Twain who said something to the effect that no people ever got rich taking in one another’s laundry.

  3. Anonymous Avatar

    “Reduce the state/local tax load on manufacturing, which is higher than for any other sector of the economy.”

    Absolutley. We must make our manufacturers as competitive as possible.

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