Local News
8:19 am
Tue November 25, 2014

Perilous Economy Endangers Virginia Budget

Credit Don Rush

RICHMOND, Va. (AP) - Gov. Terry McAuliffe says Virginia's economy is in a "very perilous" situation with potential federal defense cuts looming.

McAuliffe says he's open to considering eliminating tax relief programs in order to balance the state budget.

He and state lawmakers met with heads of several large companies Monday to discuss the state's economic outlook.

House Appropriations Committee Chairman S. Chris Jones says the executives told lawmakers to be cautious in their budgeting for next year.

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Local News
7:58 am
Tue October 7, 2014

Homeownership Dips in Salisbury With Tough Economy


An assessment of home ownership in Salisbury has found it has fallen by 4 percent over the last four years.

During an overview of Salisbury census data last night the city council was told that the rental market accounted for 66.8 percent of the housing market while homeownership accounted for just over 33 percent.

City Council member Tim Spies says the trend reflects a tough economy.

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Local News
7:55 am
Wed August 20, 2014

MD Gov. Candidates Outline Education and Business Ideas

Lt. Gov. Anthony Brown
Credit official photo

CATONSVILLE, Md. (AP) - Maryland's candidates for governor have outlined some of their plans to improve education and the state's business climate.

Democratic Lt. Gov. Anthony Brown and Republican Larry Hogan took questions Tuesday night from residents of the Charlestown retirement community in Baltimore County.


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Local News
7:45 am
Fri August 15, 2014

Larry Hogan On The Ocean City Boardwalk

Larry Hogan
Credit change maryland website

OCEAN CITY, Md. (AP) - Republican Larry Hogan is scheduled to talk about restoring the state's economy.

Hogan, who is running for governor, will be speaking on the boardwalk in Ocean City on Friday.

He'll be focusing on Worcester County, where the summer unemployment rate is higher than the state average.

He's also scheduled to talk about regulations on businesses on the boardwalk.

Many candidates for office in the state are on the Eastern Shore this week for the Maryland Association of Counties summer conference in Ocean

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9:31 am
Thu September 12, 2013

Delaware Economy Still Shakey, Forecasting Firm Says

Credit Don Rush

An economic forecasting firm says that Delaware is the only state in the country still facing the potential of falling back into a recession.

That harsh picture comes from Moody’s Analytics after reviewing the state’s employment figures, housing market and industrial production at the end of four years of recession.

The jobless rate in Delaware has stayed at 7.4 percent which matches the national average which has been declining from around 10 percent over the last five years.

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9:32 am
Thu July 18, 2013

Immigration Reform Could Benefit Maryland


While Washington struggles with immigration reform there’s a new report that says Maryland get a big economic boost from such legislation.

Maryland News Connection reporter Allison Burns has the story.

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10:49 am
Wed July 3, 2013

Delmarvans Hit the Road for the Holidays

Credit Don Rush

Holiday traffic is about to begin in earnest for this Fourth of July.


Triple AAA Mid-Atlantic expects 86 percent of Maryland travelers to go by car.

That’s a slight decline from last year.

That amounts to nearly 690-thousand hitting the road from July 3 through July 7th.

Christine Delise with AAA Mid-Atlantic says decline is in part due to a shorter holiday this year than last.

But she adds federal budget cuts and the economy are still having their effect.

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11:11 am
Fri May 3, 2013

Mixed Assessment of Delaware Economy

Credit Don Rush

The US Chamber of Commerce has found that there have been some mixed results for job creation in the state of Delaware.

Central Delaware Chamber of Commerce President Judy Diogo noted that the economy of the First State is getting strong with companies making big investments like Kraft Foods.

But she added it is not occurring at a rapid pace.

Among the 30 indicators the state is performing well in six of them including first economic output per job.

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8:48 am
Tue March 19, 2013

Mixed Forecast For Delaware Revenue Projections


NEW CASTLE, Del. (AP) - The panel that sets Delaware's official revenue projections has offered a mixed bag in updating its financial forecast.

The Delaware Economic and Financial Advisory Council on Monday lowered projected revenues for the current fiscal year by $26.5 million, saying some $45 million in corporate income taxes will be collected in the fiscal year starting July 1, rather than this year. An overall drop of about $51 million in estimated corporate income tax was partially offset by an increase of almost $17 million in estimated personal income taxes.

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