AGP Executive Report
Last update: an hour agoData Center Policy: Virginia lawmakers are sparring over tax breaks for data centers as the state weighs how to meet the industry’s growing power needs. A proposed Berry Hill megasite in Pittsylvania County envisions 21 buildings over 15 years, while Amazon has abandoned plans for four Northern Virginia facilities after local opposition. Business Licensing: The Virginia ABC’s new online portal lets alcohol businesses submit applications, pay fees and track approvals digitally; the agency says complete applications now take under two weeks to process, down from an average of 35 days. Broadband: Wilkes Telephone and its RiverStreet subsidiary, which serve about 31,600 customers across Virginia and North Carolina, filed for Chapter 11 and proposed a $92.5 million sale to Oaktree Capital, subject to court and FCC approval. Investment: Eli Lilly has broken ground on a $5 billion manufacturing facility in Goochland County, a major addition to Virginia’s life sciences sector. State Finances: Virginia retained its top bond ratings from three major agencies, a sign of continued strength in its credit standing.
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