Archive for the ‘Economics’ Category

Greater Richmond Chamber’s 144th Annual Dinner and IMPACT Award

Thursday, December 1st, 2011

Greater Richmond Chamber's 144th Annual Dinner and IMPACT Award

M. H. West & Co., Inc.’s Chair and CEO, Marilyn West, her husband Edward West and WEST associates Tom Wilkinson, Radcliffe Chambers, Nanci Kapoor, Meaghan West, Julian House, Erica Cage and Joe Armstrong attended the 144th Greater Richmond Chamber annual dinner on November 30th. M. H. West & Co., Inc. was happy to be a corporate table sponsor for this premier event. The highlight of the evening was the IMPACT Award, which honored a handful of emerging businesses from the region. The award recognizes local businesses that have made an impact on the Richmond region’s economy, the community, their employees and their industry through innovation.

A Petersburg-based solid-waste-disposal company, Container First Services won the 2011 Impact Award. Container First Services was among five finalists for the award. The company is working on several projects to make landfills more environmentally sustainable.

The other 2011 Impact finalists were:

  • Dominion Digital Inc.
  • Health Diagnostic Laboratory Inc.
  • Dominion Packaging Inc.
  • LeClair Ryan

(more…)

SEED Winners Receive Grants

Thursday, October 20th, 2011

SEED Winners Receive Grants

Bon Secours Richmond Health System CEO Peter J. Bernard, Candice Streett, executive director of Virginia Local Initiatives Support Corporation (LINC), and others, joined SEED award winners this week during a Supporting East End Entrepreneurship Development (SEED) award ceremony at Richmond Community Hospital, where Bon Secours Richmond announced the six winners of the SEED business plan competition.
The Church Hill entrepreneurs have been awarded grants to support the growth of their businesses, some of which include trash service, hair care products and a pie shop. Bon Secours is awarding a total of $50,000 in blocks of $10,000 or less along with mentoring and additional support for these urban businesses.

The SEED program is designed to foster and engage the community around job and business creation by funding and mentoring a new generation of business people. The program, according to the Catholic health system, is part of its ministry and its commitment to the revitalization of Church Hill and the 25th Street and Nine Mile Road corridor in Richmond’s East End.

Virginia Receives National Recognition for Housing Policy Efforts

Thursday, October 20th, 2011

The National Council of State Housing Agencies recently recognized Virginia for outstanding achievement in the development of a statewide housing policy.

“I am pleased NCSHA recognized Virginia’s work in developing a statewide housing policy framework beginning with the work of the Virginia Housing Commission to build broad bipartisan consensus on our Housing Guiding Principles,” said Governor McDonnell. “My administration has put together a broad group of housing professionals, including for-profit, non-profit and governmental representatives, to expand these principles into the state’s first housing policy framework so that my cabinet secretaries and their agencies can better address Virginia’s critical housing needs.”

The NCSHA award recognizes agencies demonstrating the most efficient, effective, and creative use of resources to achieve state policy objectives. Virginia’s housing policy initiative won for showing that state policymaking can effectively link the executive and legislative branches of government with stakeholder groups to reach consensus on desired housing outcomes, while forging strong coalitions to address Virginia’s housing needs well into the future.

Read the entire article.

October National Disability Employment Awareness Month

Tuesday, October 4th, 2011

October National Disability Employment Awareness MonthHeld each October, National Disability Employment Awareness Month (NDEAM) is a national campaign that raises awareness about disability employment issues and celebrates the many and varied contributions of America’s workers with disabilities.

NDEAM’s roots go back to 1945, when Congress enacted a law declaring the first week in October each year “National Employ the Physically Handicapped Week.” In 1962, the word “physically” was removed to acknowledge the employment needs and contributions of individuals with all types of disabilities. In 1988, Congress expanded the week to a month and changed the name to “National Disability Employment Awareness Month.” Upon the agency’s establishment in 2001, ODEP assumed responsibility for NDEAM and has worked to expand its reach and scope ever since.

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Competing for the Virtual Student

Thursday, August 18th, 2011

Competing for the Virtual Student

The Clovis Unified School District (CA) first considered creating a full-time online school about four years ago. Clovis Unified is known as a high-performing district, but it was losing 200 to 400 students a year. In a district with a total enrollment of nearly 38,000, those numbers don’t seem so bad, but officials realized only about half of those students were dropouts; the rest were opt-outs.

“What we saw in those statistics was that our students have real alternatives to what our traditional schools have to offer,” says Rob Darrow, principal of the district’s two-year-old virtual charter school. “Most K-12 school districts know that they’re losing kids who are going to other programs to get their needs met, and they know that they’re going to have to offer some kind of online program to meet those needs if they’re going to survive.”

Read the entire article.

Tough Competition for Teen Employment This Summer

Friday, July 8th, 2011

Only 25 percent of American teens have summer jobs, the lowest percentage on record. Why? Are they lazy?

Get a Job, Kid!My teenage summer jobs were typical: lousy and formative. One summer, I scooped ice cream by a dock for $5 an hour plus tips. The next, I bagged groceries, with an August promotion to check-out and the privilege of moistening the leafy vegetables with a spray bottle. These jobs were monotonous and ill-paid but also instructive for my obnoxious, eye-rolling, teenage self. Codes need to be memorized. Uniforms need to be worn. Bosses need to be heeded. I learned those lessons, and I remember them today.

But fewer and fewer American teenagers are having such early working experiences. From the 1950s through the 1990s, between 45 and 60 percent of teenagers had summer jobs, with the numbers ebbing and flowing with the business cycle. Today, just one in four American teens has a summer job. Indeed, over the past decade, summer employment among people ages 16 to 19 has plummeted to the lowest level since the government started keeping tabs after World War II. Why? And what are today’s teens doing instead? (more…)

Virginia is Victorious: Ranked Top State for Business by CNBC

Wednesday, June 29th, 2011

Virginia Top-Ranked State for Business

CNBC confirms what M. H. West & Co., Inc. has known for 20 years; Virginia is a great place to conduct business and grow a company.

The Old Dominion State returns as America’s Top State for Business in 2011, and we’re starting to detect a pattern here.

Virginia topped our inaugural study in 2007 with Texas at number two. In 2008, they switched positions and Texas took the title. In 2009 , it was Virginia/Texas. In 2010, Texas/Virginia.

This year, Virginia powers back to the top spot with the best overall score in the history of our study — 1,660 out of 2,500 points. Texas slips back to number two with a respectable 1,578 points.

Trust us. We couldn’t have planned it this way, and if we could have, we might have mixed things up a bit.

Read the Entire Article.

As Boomers Wrinkle

Thursday, January 13th, 2011

The most troublesome age group ever still has some last fireworks up its sleeve

From the moment they entered the workforce in the 1960s, baby-boomers began to shape America’s economy and politics. They will do the same as they leave. The first of the estimated 78m Americans born between 1946 and 1964 turn 65 in 2011, the normal age for retirement. As their ranks swell in coming years, the burden of financing their retirement will mount. So will their electoral importance.

Retiring boomers will squeeze the economy from two directions. The number of people enrolled in Medicare (federally funded health care, available from the age of 65) will grow from 47m in 2010 to 80m in two decades’ time. Enrollment in Social Security (federally funded pensions, available from the age of 62-67, depending on your birth year) will grow from 44m to 73m. The cost of the two programs will grow from 8.4% of GDP in 2010 to 11.2% by 2030. Meanwhile, as boomers retire, the workforce will grow more slowly, as will the taxes to finance their benefits. The pensioner-worker imbalance and health-care inflation, which is driving up the bill for Medicare and Medicaid, the federal health benefit for the poor, will send the budget deficit into the stratosphere.

Read the entire article here.

Hampton Roads Chamber of Commerce: Annual Meeting of the Membership

Thursday, December 9th, 2010

WEST CEO, Marilyn West and associates Michael Byrnes and Joe Armstrong attended the Hampton Roads Chamber of Commerce’s 26th Annual Meeting of the Membership on December 8 at the Virginia Beach Convention Center.  The luncheon is Hampton Roads’ largest gathering of elected officials and business leaders. The crowd of 750 heard from keynote speaker Secretary of the Navy Ray Mabus.

The Chamber of Commerce honored its outgoing 2010 volunteer leadership and recognized its and incoming 2011 volunteer leaders.  Nelson Adcock (GeoEnvironmental Resources, Inc.), who served as the Chamber’s 2010 Chair, will continue in this role in 2011.  During the luncheon, Adcock presented the Chamber’s 2010 Volunteer of the Year Award to Marino Santarelli (Wachovia, A Wells Fargo Company) for his hard work and dedication.  Santarelli served as Chair of the Chamber’s Sustainable Resources Campaign leading an all volunteer effort which raised 5% more than last year. (more…)

50 Most Powerful Women In Business

Wednesday, September 29th, 2010

It was a year of expansion for this elite group. Several women, including PepsiCo CEO Indra Nooyi, pulled off big acquisitions, while thirteen others earned big promotions.

1. Indra Nooyi - In her fifth year atop the list, Nooyi completed the purchase of PepsiCo’s two largest bottlers, bringing revenues to a projected $60 billion. Now she’ll have to deliver the $400 million annual cost savings she promised. Investors seem assured: The stock is up 12% since September 2009.

2. Irene Rosenfeld - Rosenfeld’s battle for candy maker Cadbury rankled Kraft’s largest shareholder, Warren Buffett’s Berkshire Hathaway, but analysts say the $19 billion purchase is sweet: It pushes Kraft to $48 billion in revenue and gives the food giant a bigger foothold in emerging markets like India.

See the entire list.

Go Red for Women Marilyn West is Chair of the Go
Red for Women Initiative, 2011-12. Please
consider championing this worthy cause.

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