50 - 2016 AmCham Podcast - Governor of Virginia Terry McAuliffe - Building a New Virginia Economy

AmCham's 'How Business Really Works' Podcast

Our host Duff Watkins speaks with the 72nd Governor of Virginia, Terry McAuliffe on this podcast episode. Since being sworn-into office, Governor McAuliffe has aggressively focused on building a new Virginia economy.

Whether traveling to Bedford or Beijing, Governor McAuliffe has made it clear that his number one priority is economic development and he is working hard to create and maintain jobs throughout the Commonwealth.

The Governor is also working to restore trust in government. On his first day in office, he signed an executive order imposing a $100 gift ban on himself, his family, and members of his administration and their families. He established through executive order the Commission on Integrity and Public Confidence in State Government, which will focus on ethics oversight and enforcement, limits on gifts and loans, rules on conflicts of interest, disclosure requirements and post-public service restrictions.

Governor McAuliffe has proven that his administration will be smart stewards of Virginia’s transportation dollars. Demonstrating his commitment to bipartisanship, he worked with Republican leadership on House Bill 2 to prioritise transportation projects based on what is best for Virginia’s commuters, not politicians. He followed through on his commitment to lowering the downtown/midtown tunnel tolls to alleviate the burden on Hampton Roads residents, commuters, and businesses. He eliminated the EZ Pass maintenance fee for all Virginia commuters, and suspended work on Route 460, because he does not believe that Virginia taxpayers should be spending hundreds of millions of dollars on a road when we don’t have permits to ensure its completion. Governor McAuliffe also worked with the Governor of Maryland and the Mayor of the District of Columbia to invest $75 million in our regional metro system – taking cars off the roads and relieving congestion.

Governor McAuliffe understands that in order to compete for the jobs of tomorrow, it is essential that we make key investments today. The Governor signed legislation increasing the amount of Virginia qualified research and development expenses that can now be claimed as a tax credit.

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