Thursday, January 2, 2014

Governor McDonnell Announces Matching Tourism Grants, Gloucester Gets Nothing

English: The state seal of Virginia. Српски / ...
English: The state seal of Virginia.  (Photo credit: Wikipedia)
Program will generate nearly $4 million in marketing initiatives
42 local tourism partners to receive public-private marketing dollars to bolster economy; grants will impact at least 184 statewide tourism entities

RICHMOND - Governor Bob McDonnell announced today that more than $750,000 in matching grant funds will be awarded to 42 local tourism initiatives as part of Virginia Tourism Corporation’s (VTC) Marketing Leverage Grant program. The grants are designed to help local and regional tourism entities attract more visitors by leveraging local marketing dollars, and will ultimately impact at least 184 other statewide tourism entities. The local organizations match the state grant funds by a minimum of 2:1 in order to support marketing projects. This funding cycle, the local partners will match the VTC grant dollars with nearly $3 million, providing nearly $4 million total in new marketing to increase visitation to Virginia.

“These grants are an important tool that will enable our localities to more effectively market themselves to potential visitors,” said Governor McDonnell. “More visitors in Virginia mean greater tax revenue, a better business environment, and more good jobs for Virginians.”

Tourism is an instant revenue generator for Virginia. In 2012 tourism generated $21.2 billion in revenue, supported 210,000 jobs and provided $1.36 billion in state and local taxes. Dollars invested in tourism are proven to provide a 5:1 return in tax revenue for Virginia, and the grant awards and matching funds provide a stimulus to localities seeking to increase tourism visitation and revenue.

VTC’s Marketing Leverage Program is designed to increase visitor spending by leveraging limited marketing dollars, stimulating new tourism marketing through partnerships, and extending the “Virginia is for Lovers” brand.  A minimum of three Virginia entities must partner financially to apply for a grant.  Partners may consist of Virginia cities, towns, counties, convention and visitors bureaus, chambers of commerce, other local or regional destination marketing organizations, private businesses, museums, attractions, cultural events, and other not-for-profit entities.  In total, VTC awards approximately $1.7 million annually - matched and leveraged on average 3:1 by partner dollars - to more than 80 communities across the Commonwealth.

“These grants enable local tourism partners to pursue projects that might otherwise be beyond their budget,” said Rita McClenny, president and CEO of Virginia Tourism Corporation. “The Marketing Leverage Grants program is a powerful tool in helping to support and grow a robust economy in Virginia. Our local partners are working on amazing projects and campaigns that will help to beautify communities, bring more visitors to Virginia, and create even more outstanding tourism products that visitors will continue to fall in love with year after year.”

Details on the grant awards are below. The next round of VTC Marketing Leverage Program grants will open in spring 2014. Localities interested in applying may visit www.vatc.org for more information.

Organization
Project
Amount
Town of Big Stone Gap
Big Stone Gap The Movie Regional Promotion
$ 5,000.00
Garth Newel Music Center
Great Escapes: Garth Newel Music Center and Fort Lewis Lodge
$ 25,000.00
Abingdon Convention and Visitors Bureau
Create Repeat Visitation Through Stellar Customer Service
$ 50,000.00
Heart of Appalachia Tourism Authority
Appalachian Backroads - Motorcycle & Scenic Driving Tours/Trails
$ 10,000.00
City of Salem-Tourism Office
Summer Love in Salem
$ 50,000.00
Museum of the Confederacy
Countdown to the Sesquicentennial
$ 14,500.00
Wytheville Convention & Visitors Bureau
Fun for Everyone: Festivals & Events in the Wytheville Area
$ 50,000.00
Montgomery County Regional Tourism Office
Content Creation for Inaugural Montgomery County Regional Website and Visitor's Guide
$ 20,000.00
Virginia Arts Festival
Engage, Inspire, Build - Embracing Social & Digital Media to Expand Audiences
$ 50,000.00
Shenandoah Valley Battlefields Foundation
Shenandoah Valley Battlefields National Historic District 2014-2016 Marketing Campaign
$ 25,360.00
Friends of the Culpeper County Library
Culpeper Tells…A Festival of Words
$ 8,750.00
The Crooked Road
Miles & Miles of Music Festival
$ 50,000.00
Surry County Government
Branding Surry County: Yes, Virginia, There is a Surry County

$ 50,000.00
Appalachian Sustainable Development
Get Rooted in Appalachia - Local Food Campaign
$ 31,900.00
Visit Loudoun Foundation
Visit Loudoun Research Program
$ 25,860.00
Paralyzed Veterans of America, Mid-Atlantic Chapter
The Richmond Regional Ride Center (RRRC)
$ 10,000.00
Halifax County Dept. of Tourism
Halifax-Mecklenburg Blueway
$ 10,000.00
City of Alexandria, Office of Historic Alexandria
Alexandria War of 1812 Commemoration
$ 10,000.00
County of Mecklenburg
Petersburg to Appomattox Campaign
$ 13,500.00
Abingdon Main Street
Shop, Dine, Play and Stay Downtown
$ 5,000.00
Waynesboro Parks and Recreation
Valley Race Series Promotion
$ 2,500.00
Historic Manassas Inc
Visitmanassas.org Website Makeover
$ 4,250.00
Martinsville-Henry County EDC's Tourism & Film Division
Martinsville-Henry County, Virginia: A Visual Tour
$ 3,516.50
Smyth County Tourism Association
Southwest Virginia Flyfishing Trail
$ 15,310.33
Visit Loudoun
Epicurience Virginia
$ 50,000.00
Luray-Page County Chamber of Commerce & Visitor Center
Luray and Page County: Beauty and Adventure on Every Level
$ 25,000.00
Shenandoah Apple Blossom Festival
87th Shenandoah Apple Blossom Festival ‘The Land of Pink & Green!’
$ 25,000.00
Rassawek Vineyard
Visit Goochland/Rassawek Spring Jubilee
$ 2,500.00
Starr Hill Brewery LLC
Starr Hill Brewery 2013 Marketing and Events Program
$ 25,000.00
City of Poquoson
Poquoson is the Place for Tourism
$ 2,557.50
VistaGraphics
Coastal Virginia Wine Fest
$ 12,500.00
Out of the Woodwork Productions
The Virginia Renaissance Faire Marketing for 2013-14
$ 4,988.27
Mountain Cove Vineyard
Jefferson Heritage Trail
$ 5,000.00
Virginia Highland Festival
Get Your Kicks
$ 6,281.50
Central Shenandoah Planning District Commission
Fields of Gold - Shenandoah Valley's Farm Trail
$ 3,250.00
Ashland Main Street Association
Find Your Passion in Ashland: The Center of Universe
$ 5,000.00
ESVAF Inc
Tall Ships at Cape Charles Festival 2014
$ 5,000.00
Madison Chamber of Commerce and Visitor Center
Madison County Tourism “Ride, Hike, Taste, Stay”
$ 5,000.00
The Greater Augusta Regional Chamber of Commerce
Good Times, Tastes & Traditions; featuring Farming in the Valley
$ 5,000.00
Orange Downtown Alliance
edible Food Fest in Orange
$ 5,000.00
Virginia Beach Resort Hotel and Conference Center
Tennis is for Lovers in Virginia Beach
$ 25,000.00
Cove Ridge Foundation
Virginia Is For Lovers of Southwest Virginia Mountain Parks
$ 2,500.00

Love is at the heart of every Virginia vacation. Visit www.Virginia.org to start planning a vacation or call 1-800-VISITVA to request a free, Virginia is for Lovers travel guide.

Our Notes:

We have noticed that Gloucester, VA did not get one penny for matching funds from the state?  One has to wonder why?  Did local officials fail to apply?  Did local officials apply but because of activities we constantly report on here the county was refused matching funds for their lack of compliance in so many areas?  We think these are valid questions to ask.  It looks like the county missed out on some very serious money and opportunities to pull in additional revenue for the county.  One has to wonder.
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Let's Talk Bitcoin, Movers and Shakers, Podcast E-13

The bitcoin logo
The bitcoin logo (Photo credit: Wikipedia)



Movers and Shakers, Let's Talk Bitcoin podcast.  Now this is from back in the late spring of 2013, however, the objective is to catch people up on the news and information all surrounding the Bitcoin revolution.  Don't have time to listen to the show here on the site?  Download an Mp3 copy to play later when you do have the time.  The show is an hour and a half long.  We have found these shows to be very helpful and informational in understanding everything going on in the Bitcoin revolution.  As we go to print on this post, the present Bitcoin to dollar ratio is about $778.00 per single Bitcoin.  It's been pretty well all over the board of the 700's these past few days.

  From the point of speculation, Bitcoin is a very wild ride.  How do you hedge against it's constant price swings?  Stack your buys and or sells.  (What?)  Do not buy all your coins or sell all your coins on one single order at one time.  Spread out either the purchase or selling of Bitcoins over a period of several days, weeks months or what have you.  Do not seek to buy 10 bitcoins at one time.  You will suffer the market fluctuation swings more harshly if you do.  If you buy or sell over a period of time, you will have a more stable holding that is not being scrambled to death by these market shifts.  Within a 10 minute period we have seen swings of up to $10.00.

  The very good news is that you can buy or sell fractions of a single coin.  You are not locked into buying a full coin at anytime.  So if you want to put say one thousand dollars into Bitcoins?  Stack the buy to spread over several days.  Buy at $50.00 or $100.00 intervals.  Is there any time of day better than another?  No.  It's a world market and so as one nation sleeps, another is actively trading.  This isn't crude oil futures where the market closes at 5:00 PM, Monday through Friday.  This is a world market that is 24/7.

  Bitcoin as an investment vehicle in our own opinion is insane at this point and not really recommended.  Bitcoin as a speculation is also insane.  Bitcoin wallet setup is incredibly easy.  Buying or selling Bitcoin, at least in the US is still a nightmare however and has a long way to go.

  Any business can set up an account to accept Bitcoin payments.  Once you start taking Bitcoin payments, you can also refund Bitcoin payments as easily as you accept them.  But how do you know if you are making any money with the wild swings in the market that can wipe out 10% of your holdings in a matter of hours or even minuets?  It's going to be a long time before you can stabilize Bitcoin like other real world currencies.  Here is the issue.  Let's say you sell an item for the Bitcoin equivalent of $100.00 US.  Let's say that Bitcoin was trading at $1,000.00 per coin.  The next day you need cash for whatever reason and need to cash out your Bitcoin.  Some country decides that Bitcoin has violated some International law and now your Bitcoin holding that was trading at $1,000.00 US yesterday is now only $500.00 US today.  You just took a major 50% loss.

  Now Bitcoin is supposed to make life and accounting much easier for everyone.  If it is the only currency, we would agree.  If you have to translate every transaction with it's subsequent inventory and dollar conversion value, then you have just created one of the worst accounting nightmares anyone could ever imagine.  How can anyone possibly do that?  If you only sell one item a day, you spend half the day just doing the accounting for that one sale.  How could Wal Mart, with thousands of sales per minute, ever do that with all of these wild fluctuations in the Bitcoin to dollar value?

  This is why businesses are not jumping in on accepting Bitcoin as a form of payment, especially in the US.  At the moment there are to many issues that are not addressed that need to be looked at more closely.  Most US businesses simply can not afford all the hits from the accounting perspective, legal and government intervention perspectives and possible need for an influx of specialists that do not exist to handle all of these new issues.  More to come.
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