Posted inEconomy

Danville’s revitalization plan faced skepticism, but now it’s a model for other communities. Here’s how the city did it.

Danville’s Industrial Development Authority bought old, empty buildings — sometimes at above-market prices — with the goal of selling them to developers. The strategy drew some criticism over the years, but local leaders believe it’s paid off in increased tax revenues and new vitality for previously depressed areas of the city.

Posted inEconomy

How do state officials attract big companies like Ford? Here’s how it usually happens in Virginia.

Last month, Gov. Glenn Youngkin withdrew Virginia from consideration for a Ford Motor Co. battery plant over concerns about Ford’s ties to a Chinese company. The plant could’ve created 2,500 jobs in Virginia, had it located here.  This decision, which sparked backlash from some and support from others, prompted questions about the process of recruiting […]

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