Innovation Ecosystem – Regional Innovators Exchange: A Strategic Visit to Boston
Regional Innovators Exchange: A Strategic Visit to Boston By Bob McKenna, Virginia Peninsula Chamber The Virginia Peninsula Chamber, in collaboration with local leaders from economic development, higher education, federal labs, and private industry, is organizing the Regional Innovators Exchange to Boston from April 14th to 16th. This exclusive trip will connect participants with leaders from the dynamic innovation hub surrounding MIT in…
Business Tips – SCORE Tax Tip for Small Businesses
SCORE Tax Tip for Small Businesses By Roslyn Banks, SCORE Williamsburg Be sure to double check your 1099s before you prepare your return. If you receive a Form 1099 with an error, gather evidence to support the correction and ask the vendor to file a corrected form. If unsuccessful talking to the issuer, contact the IRS to inform them…
Business Tips – VA Enterprise Zone Program: How the Job Creation Grant Can Help Your Business Grow
VA Enterprise Zone Program: How the Job Creation Grant Can Help Your Business Grow By Shawn Middleton, CPA, PBMares The Virginia Enterprise Zone (VEZ) Program, a partnership between state and local governments, offers businesses a unique opportunity to expand their operations while reducing costs. One of the key incentives provided under this program is the Job Creation…
Business Tips – Current Status of the Corporate Transparency Act (CPA)
Current Status of the Corporate Transparency Act By Peter LePage, SCORE Williamsburg The Corporate Transparency Act (CTA), enacted in 2021 to curb illicit finance, requires most US small businesses to report information about the individuals who own or control them. Failure to comply carries severe penalties. Go to https://www.fincen.gov/boi for a complete guide to complying with the Act.…
Innovation Ecosystem – Tech Center Newport News: A Catalyst for Innovation on the Peninsula
Tech Center Newport News: A Catalyst for Innovation on the Peninsula By Bob McKenna, Virginia Peninsula Chamber Tech Center in Newport News stands as a shining example of what visionary collaboration can achieve. This 100-acre development, which is a partnership between the City of Newport News, W.M. Jordan Company, Virginia Tech Corporate Research Center, and Jefferson Lab, blends innovation, lifestyle, and commerce to drive economic…