Sperity Real Estate Ventures

  • Home
  • Services
  • Our Team
  • Blog
  • For Lease
    • Office
    • Religious Use
    • Residential
    • Restaurant
    • Retail
  • For Sale
    • Real Estate
    • Business
  • Contact Us

January 30, 2007 by Nathan Hughes

New Minimum Wage in VA

If approved, there will be a new minimum wage rate mandated by state law here in Virginia — with none of this tiered nonsense like the new federally updated rates.

The current rate (which is the same on the Federal level and for Virginia) is $5.15/hour.   Effective 7/1/07, the Virginia minimum wage rate will be $6.50/hour.

Once the Federal rate hits $6.55/hour in mid-2008, the Virginia rate will mirror the Federal rate — and of course, the same is true when the Federal rate bumps up to $7.25/hour in mid-2009.

I jumped at this when I first read the article, thinking that it had already passed, but of course there are several levels that the legislation must go through.  And there was this caveat from the RTD:

A subcommittee of the House of Delegates Commerce in Labor Committee,
however, rejected a handful of bills aimed at increasing the state
minimum wage last week, and the full committee refused to consider
them. That leaves the outcome of Colgan’s bill in doubt, because, even
if it passes the full Senate, it must go to the House for its
consideration.

Maybe it’s not such a sure thing after all.  I’ll keep my eyes open for any follow ups saying whether this bill passes, or is killed.  If any of you hear anything, please keep us posted via the comments!

(More info at "Minimum wage bill advances" at the RTD)

Filed Under: Government Institutions, Legal

Receive Updates from Sperity

Browse Properties

  • Properties For Lease
  • Properties For Sale

Testimonials

“Instead of finding a big ticket location, Sperity listened to my needs and found what I was looking for. I was never waiting on them for anything. They handled both parts of the transaction, which was incredible.”

– Doug Mays, TSI Promotionals

 

“As a Muslim business, I really liked that he has a lot of ties in the religious community. He’s very involved with helping churches and community based programs find buildings.”

– Ashley M., Boastful Beauty

 

“I have looked at many businesses over the last few years and I want you to know that I appreciate your promptness, and especially appreciate the time you put into the package/presentation of your client’s business.  Very professional and well organized!”

-Francis C.

“[We have] the utmost respect for what they do. They always made us feel like they knew our priorities. They were very clear about getting down to the nuts and bolts of what our needs were.”

– J. Medaries, Spacebomb

 

Recent Posts

  • What Are Business Buyers Buying?
  • How to Maintain the Value of Your Commercial Property
  • The Challenges of Owning Multiple Commercial Properties
  • Is now the right time to sell your commercial real estate?
  • Expanding Estate Sales with Myk-Beth’s
  • Inside Out: How restaurants are restructuring their spaces during the pandemic.
  • What Are the Benefits of Commercial Real Estate?

Sperity

Sperity is a coined term, a combination of Inspire, Prosperity, and Integrity. We strive to bring all of those aspects to every interaction that we have, whether it is with a client, a customer, a competitor, or with anyone else.

We are a commercial real estate and business brokerage firm that works under a different model than anything else we've seen in the field. With the emphasis on treating our employees as a team, we incentivize excellent customer service and making sure that the whole company is working on every deal that we take on.


Learn More

Site Managed By Big Spoon Co. | PR & Marketing Agency

RECEIVE UPDATES FROM SPERITY

SPERITY REAL ESTATE VENTURES

Address:  215 East Grace Street, Suite 100, Richmond, VA 23219

Office: (804) 464-3898

Email us

© 2020 ALL RIGHTS RESERVED

Copyright © 2022 · Powered by 29doors

Copyright © 2022 · Executive Pro Theme on Genesis Framework · WordPress · Log in