Showing posts with label Forbes.com. Show all posts
Showing posts with label Forbes.com. Show all posts

Saturday, December 21, 2013

Governor McDonnell Announces Results of Regulatory Reform Initiative

English: Governor of Virginia at CPAC in .
English: Governor of Virginia at CPAC in . (Photo credit: Wikipedia)
Repealed 848 Sections of the Virginia Administrative Code; Streamlined an Additional 678 Sections Resulting in Freer, Fairer System and Savings for Tax Payers
Full Report Available Online Here

RICHMOND - Governor Bob McDonnell today announced the results of his Regulatory Reform Initiative (“RRI”).  The RRI consisted of a comprehensive review of regulations currently in place, and has resulted in the repeal of regulations that are unnecessary or no longer in use, the reduction of unnecessary regulatory burdens on individuals, businesses, and other regulated groups, and the identification of statutes that require unnecessary or overly burdensome regulations.

            As a result of the RRI, 167 regulatory actions have been filed, 848 sections of the Virginia Administrative Code have been repealed, and 678 sections have been reformed or streamlined. Included in the reforms are substantial cost savings to taxpayers in the form of reductions of fees, removal of excessive licensing procedures, and arduous permitting processes. Citizens, stakeholders, and twenty nine different agencies submitted reform recommendations. The RRI efforts were coordinated through the Virginia Regulatory Town Hall website (townhall.virginia.gov) by the Economic and Regulatory Analysis Division of the Department of Planning and Budget.   

he RRI is an extension of Governor McDonnell’s efforts as Attorney General to eliminate unnecessary and onerous regulations through his Task Force on Regulatory and Government Reform.

            Speaking about the RRI, Governor McDonnell said, “Good governance means in fostering an environment where citizens and business can thrive. By streamlining confusing code and eliminating unnecessary regulations we are making smart reforms that ensure that government works for the citizens.  I applaud the work accomplished by the agencies who participated in the RRI for their efforts to make Virginia freer and fairer.  Not only did agencies work diligently on identifying reforms, but we took an innovative approach and allowed the citizens and stakeholders to submit recommendations through our website.  Working together we helped taxpayers keep more of their hard earned money by reducing fees, we’ve streamlined regulations, and permitting processes; all of which contributed to Forbes.com naming Virginia the ‘Top State for Business’ in the nation”. 

            The initiative resulted in hundreds of reforms, some examples of these reforms include:

  • The Virginia Waste Management Board took action to provide relief from a burdensome permit amendment fee for solid waste landfills that are undergoing corrective action. It was charging landfill sites a fee of $22,860, but streamlining efforts within the corrective action program have reduced costs. These efforts allowed the board to decrease the fee to $3,000, a reduction of 87 percent.

  • The Board of Medicine provided a one-time reduction in renewal fees for family physicians, podiatrists, chiropractors, respiratory care practitioners, physician assistants, occupational therapists, radiologic technologists, acupuncturists, athletic trainers, and midwives.

  • A change in permitting procedures will reduce costs ($7,000 per facility) for entities such as some electricity generators, paper manufacturers, and landfills, without affecting the environment. 

  • Manufacturers outside of Virginia have been taking advantage of costs subsidized by Virginia taxpayers for “street drug preparations” (bath salts for example) during forensic testing. The proposed changes would allow the Department of Forensic Science to charge the actual costs of the “street drug preparations” used in the forensic evaluation process, saving Virginia taxpayers thousands of dollars.
 The full report can be viewed and downloaded here.

            Regulatory changes that are not exempt from the Administrative Process Act involved executive branch review by the Office of the Attorney General, the Department of Planning and Budget DPB, the appropriate Cabinet Secretary, and the Governor in accordance with the requirements of the APA and EO 14.  Recommendations that have not completed this regulatory process will continue until finalized.
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Tuesday, October 1, 2013

Forbes.com Names Virginia America’s “Best State for Business”

English: The state seal of Virginia. Српски / ...
English: The state seal of Virginia. Српски / Srpski: Застава америчке савезне државе Вирџиније. (Photo credit: Wikipedia)
~ Commonwealth Ranked 2nd in 2010, 2011, 2012 ~
Virginia Only State to Rank in Top Five in Four of Study’s Six Categories
Forbes.com: “The U.S. economy continues to sputter along with an outlook that is cloudy….. But pockets of the U.S. are primed for growth thanks to pro-business regulatory environments, educated workforces and reasonable business costs. Leading the way is Virginia….”


RICHMOND – Governor Bob McDonnell today announced that Forbes.com has named Virginia America’s “Best State for Business.” The Commonwealth reclaims the title after being awarded the No. 2 ranking from 2010-2012.  Virginia finished in the top five in four of the study’s six categories, the only state with such a strong across-the-board showing.

            Speaking about today’s announcement, Governor McDonnell said, “Virginia is the best state in America for business. Our desirable business climate continues to be recognized by prestigious, independent third parties like Forbes.com, and we are thrilled to regain the No. 1 spot as “Best State for Business.” This award is a great testament to the Commonwealth’s transportation infrastructure, education system, skilled workforce, regulatory environment and excellent quality of life, all of which lead to strong economic growth.  Since taking office we have worked across party lines to bring people together to put in place policies that spur private-sector job creation. We have invested wisely in the core functions of government most essential to Virginia’s future, from our world class colleges and universities to our K-12 system; from our economic development programs to our transportation infrastructure. Today, unemployment is down and more Virginians are working. This announcement is a further demonstration that Virginia is leading the nation forward in this economic recovery. We are demonstrating how we can work together in government to provide the infrastructure and resources the private-sector needs to grow and create the great paying jobs Virginians deserve.”

North Dakota was ranked second by Forbes.com, followed by Utah, North Carolina, and Colorado. Nebraska, Texas, Minnesota, Washington and Georgia rounded out the top 10 list.

The Forbes.com ranking considers states’ business costs (cost of labor, energy, and taxes), labor supply (educational attainment, net migration, and projected population growth), regulatory environment (regulatory and tort environment, incentives, and bond ratings), economic climate (job, income, and gross state product growth, as well as unemployment and corporate headquarter relocations), growth prospects (projected job, income, and gross state product growth, as well as announced business openings and closings), and quality of life (index of schools, health, crime, cost of living, and poverty rates).

            Virginia placed first in regulatory environment; second in labor supply; fourth in quality of life; fifth in economic climate; 17th in growth prospects; and 22nd in business costs.

According to Forbes.com, “A diverse economy, strong workforce and pro-business regulatory climate propels the Old Dominion state to the No. 1 ranking. Virginia ranks first among the states in the regulatory category because of its business-friendly government policies and strong incentive offerings. The tort system is one of the best in the country for businesses, according to the Mercatus Center’s Freedom in the 50 States.”

The full rankings can be found HERE.
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