Follow-ups: March 2010

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Plans for wind farms in Tazewell County hit a roadblock in early February when the Board of Supervisors voted 3-2 to prohibit tall structures on scenic ridgelines. Dominion Resources Inc. and BP Wind Energy had hoped to create wind farms in Tazewell and Wise counties. Wise County’s Board of Supervisors approved the proposal there. Virginia Business has followed the wind proposals since they were announced in early 2009.

Tom Adams, the CEO of Arlington-based Rosetta Stone, was one of 50 top executives participating in a January White House Forum on Modernizing Government. The forum’s aim was to gather input from the private sector on how information technology can be used by government agencies to save money and improve performance. The magazine reported in February that Adams has been named Ernst & Young’s Entrepreneur of the Year.

The Giant-Carlisle division of the Dutch supermarket Ahold has completed its acquisition of Richmond-based Ukrop’s Super Markets Inc. Ukrop’s stores will become Martin’s Food Markets. In addition, Union Bankshares has completed its merger with First Market Bank, which was owned by the Ukrops family and Markel Corp. Virginia Business covered the Ukrops’ plans to sell their grocery chain in the February issue.

President Obama has proposed using $30 billion repaid by Wall Street banks under the Troubled Asset Relief Program (TARP) to create a small-business lending program for community banks. The program would not have TARP-like restrictions. In a February story on banking, Virginia community bankers said they were caught in a squeeze, facing political pressure to make more loans at a time when lending practices are under heightened regulatory scrutiny.

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