Connect with us

Virginia

Amazon HQ2 Delay Isn’t a Concern, Northern Virginia Officials Say

Published

on

Amazon HQ2 Delay Isn’t a Concern, Northern Virginia Officials Say


Officers in Northern Virginia largely performed down

Amazon.com Inc.’s

AMZN 3.01%

resolution to pause plans for a second part of its company campus in Arlington, Va., describing it as an comprehensible velocity bump on a venture already benefiting the native financial system.

Advertisement

“It actually doesn’t concern me. Actually, I’m fairly understanding,” mentioned

Christian Dorsey,

chair of the Arlington County Board, in a name with reporters. “I believe that we’re nonetheless going to see the entire advantages that we envisioned…It’s simply going to take a bit of longer to comprehend.”

The Seattle-based firm mentioned Friday it will quickly maintain off on transferring ahead with the second part of a company real-estate advanced close to Washington, D.C., that is named

Amazon’s

Advertisement

AMZN 3.01%

second headquarters. General, the venture is anticipated to price Amazon about $2.5 billion by way of 2030 and produce greater than 25,000 jobs to the area.

Beneath an incentive bundle used to draw Amazon to the area, the corporate over time might obtain as much as $750 million from Virginia if it creates sufficient high-paying jobs and as much as $23 million from Arlington County. A brand new $1 billion Virginia Tech graduate campus for laptop science and laptop engineering, being inbuilt close by Alexandria, was a part of the area’s successful bid for Amazon’s HQ2. 

Terry Clower, director of George Mason College’s Heart for Regional Evaluation, which wasn’t concerned within the bid to deliver Amazon to Northern Virginia, mentioned one specific energy of Virginia’s HQ2 settlement with Amazon is that it didn’t require the state or localities to offer upfront money to Amazon. As a substitute the corporate should hit sure targets. 

Particularly, Arlington County’s incentives to Amazon are tied to the corporate’s occupying a certain quantity of workplace sq. footage and to native lodge tax income hitting particular ranges, Mr. Dorsey mentioned. He mentioned Arlington County has but to pay the corporate any incentives.

Nor has Virginia paid Amazon any cash for job-linked incentives, although the corporate’s hiring is operating nicely forward of anticipated targets, mentioned Suzanne Clark, a spokeswoman for the Virginia Financial Growth Partnership, the state economic-development authority. Amazon has till April 1 to request its first fee for jobs created by way of 2022, placing the corporate on monitor to get its first state fee in mid-2026, she mentioned.

Mr. Dorsey and different officers pointed to Amazon’s sooner than deliberate hiring of 8,000 staff to this point as an indication that the venture is already paying dividends. They mentioned native residents and corporations would profit from a brand new Metro station set to open in Might and from the Virginia Tech Innovation Campus.

Virginia Tech mentioned an 11-story educational constructing is on monitor to open in fall 2024.

Advertisement

“It’s nonetheless right here, it’s nonetheless going to occur,” mentioned George Mason’s Mr. Clower. He mentioned the indefinite delay on the second part doesn’t cut back the worth of Amazon’s presence in Northern Virginia, a area that has attracted vital tech-sector employment lately.

Write to Scott Calvert at scott.calvert@wsj.com

Copyright ©2022 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Advertisement



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Virginia

Eastern Michigan WR Oran Singleton Jr. Commits to West Virginia

Published

on

Eastern Michigan WR Oran Singleton Jr. Commits to West Virginia


West Virginia has landed its second commitment out of the transfer portal, and its first on the offensive side of the ball.

Sunday evening, Eastern Michigan wide receiver transfer Oran Singleton Jr. announced his pledge to the Mountaineers.

This past season for the Eagles, Singleton caught a team-high 64 passes for 639 yards and two touchdowns. Prior to arriving at Eastern Michigan, Singleton played one year at Akron and then made the move to the junior college level to play for Hutchinson CC. There, he led the team in receptions (31) and was second in yards (419).

West Virginia will continue to add to the wide receiver room in the coming days and weeks as they look to replace the departure of Justin Robinson along with the potential departures of Traylon Ray Ric’Darious Farmer and Hudson Clement.

Advertisement

Singleton will have one year of eligibility remaining.

MORE STORIES FROM WEST VIRGINIA ON SI

West Virginia Lands South Alabama CB Transfer Jordan Scruggs

Jacksonville State CB Transfer Fred Davis II Visiting WVU, Reveals Decision Timeline

WVU Offers Purdue CB Transfer Currently Committed to Big 12 School

No. 14 West Virginia Upset in Boulder Following Brutal Fourth Quarter

Advertisement



Source link

Continue Reading

Virginia

WVU loses Hansberry, beats Mercyhurst in non-conference finale

Published

on

WVU loses Hansberry, beats Mercyhurst in non-conference finale


Still without Tucker DeVries, Sunday’s game against Mercyhurst would be West Virginia’s final opportunity to figure things out ahead of their holiday break, followed by the gauntlet that is the Big 12.

While the Mountaineers would ease past the Lakers, they couldn’t do it without suffering another injury. Starting center Amani Hansberry was injured in the opening minute and did not return as West Virginia beat Mercyhurst 67-46 at the WVU Coliseum to close non-conference play.

The Mountaineers persevered the early departure of Hansberry by getting inside on the Lakers. After a Jonathan Powell 3-pointer, eight of WVU’s next 13 points came at the rim as they took a 16-7 lead in the opening eight minutes of action.

While the Lakers would be able to keep the West Virginia lead in single digits, a late 11-3 run helped West Virginia into halftime with a 35-22 lead.

Advertisement

While West Virginia shot 50 percent from the field in the first half, the second half would have a much different feel to it.

West Virginia made only one basket, and that came on a score from Eduardo Andre just a minute into the second half. After that, though, West Virginia’s offense went silent, and it allowed the Lakers to get back into the game.

Mercyhurst went on an 8-0 run from the 17:23 mark until the 14:46 mark of the second half, as West Virginia’s lead was cut to 38-30. The Mountaineers would respond appropriately, though, going on a 16-0 run themselves, pushing the lead to 24 with 8:13 to play.

During the run, it was a plethora of players who got involved for the Mountaineers. Five different players scored during the run, including Javon Small, who scored on a fastbreak dunk after a steal from Joe Yesufu. The dunk would be Small’s 1,000th career point.

Mercyhurst countered with a 5-0 run, but that didn’t faze the Mountaineers in the slightest. West Virginia scored the next nine points as they continued to lock down on defense.

Advertisement

Mercyhurst would score only 11 points in the final 14:45 of the game, shooting 22 percent from the field in the second half and 28 percent from the field on the afternoon. West Virginia held Mercyhurst to shoot only 5-for-17 from beyond the arc.

The Mountaineers shot 48 percent from the field despite struggling mightly from three as they shot 5-for-19 from beyond the arc. Small led West Virginia with 19 points on the afternoon.

West Virginia now will be off until Dec. 31, when they open Big 12 play on the road against No. 8 Kansas.



Source link

Advertisement
Continue Reading

Virginia

Virginia woman falls victim to bitcoin scam, loses more than $30,000 – WTOP News

Published

on

Virginia woman falls victim to bitcoin scam, loses more than ,000 – WTOP News


A Richmond, Virginia, woman lost more than $30,000 after police say she fell victim to a scam.

Click here for updates on this story

RICHMOND, Virginia (WTVR) — A Richmond, Virginia, woman lost more than $30,000 after police say she fell victim to a scam.

CBS 6 Crime Insider Jon Burkett spoke to Frank Oley, her financial adviser and Greg Wade, a Richmond detective about how this happened.

Advertisement

The woman got an email which appeared to be from PayPal.

“It was about the purchase of some type of malware and if you didn’t want it to call a certain number,” Wade said.

She then called the number and got swindled.

“After the transaction was done, he said, ‘You added too many zeroes,’ and, ‘Oh, my God, I’m going to lose my job, it’s Christmas time and I have kids,’ laid it on thick to her. This client being such a nice, honest and decent person felt sorry for this guy,” Wade explained.

The woman felt so bad she withdrew a total of $34,300 from two banks in an effort to pay for what she thought was her mistake.

Advertisement

The scammer instructed her to load the cash into a bitcoin machine along Azalea Avenue. It took her two hours and 873 separate transactions to do.

Detective Wade got a search warrant and told the store to shut the machine down. A representative came to open it, and the woman’s money was still there.

Her money is being held as evidence for now, but she will get it all back.

“The good news is with George, the Richmond City Police Department, we got the money back,” Oley said.

Wade says the scammer was traced to a location outside the United States.

Advertisement



Source link

Continue Reading

Trending