In June 2008, U.S. Virgin Islands Governor John deJongh Jr. agreed to give London-based Diageo Plc billions of dollars in tax incentives to move its production of Captain Morgan rum from one U.S. island — Puerto Rico — to another, namely St. Croix. DeJongh says he had no idea his deal would help make the world’s largest liquor distiller the most unlikely beneficiary of the emergency Troubled Asset Relief Program approved by Congress just four months later. Today, as two 56-foot-high (17-mete
Tags: Beneficiary, Billions Of Dollars, Captain Morgan Rum, Congress, Diageo Plc, Distiller, Four Months, Governor John, John Dejongh, Liquor, London, Mete, Puerto Rico, Scrutiny, St Croix, Stimulus, Tarp, Tax Incentives, Virgin Islands
FRANKFORT -- House and Senate leaders have reached a tentative agreement on a plan to plug a nearly $996 million projected budget shortfall for the fiscal year that begins July 1. Lawmakers made a handful of changes to Gov. Steve Beshear's budget proposal, which spends more than $740 million in federal stimulus dollars and cuts $200 million in planned spending to rectify the shortfall. Among other things, the compromise budget deletes a provision in Beshear's proposal that would require st
Tags: Budget Proposal, Budget Shortfall, Compromise Budget, Fiscal Year, Handful, July 1, Lawmakers, Provision, Senate Leaders, Steve Beshear, Stimulus, Tentative Agreement
Last year, it was estimated that Las Vegas Motor Speedway’s NASCAR Weekend created an economic impact approaching $200 million in the Las Vegas area. Generally, the two most obvious beneficiaries of NASCAR fans’ dollars are hotel rooms and gaming. But LVMS’s much-welcomed stimulus to the local economy is measured in more ways than simply “suites...
Tags: Beneficiaries, Economic Impact, Economy, Hotel Rooms, Las Vegas Motor Speedway, Lvms, Nascar, Nascar Fans, Nascar Weekend, Stimulus, Vegas Area, Vegas Motor Speedway
Last year, it was estimated that Las Vegas Motor Speedway’s NASCAR Weekend created an economic impact approaching $200 million in the Las Vegas area. Generally, the two most obvious beneficiaries of NASCAR fans’ dollars are hotel rooms and gaming. But LVMS’s much-welcomed stimulus to the local economy is measured in more ways than simply “suites and slots.”Chicago-based Levy Restaurants is the contracted food and beverage provider for all speedways owned by Speedway Motorsports, Inc., including
Tags: Beneficiaries, Economic Impact, Economy, Food And Beverage, Hotel Rooms, Las Vegas Motor Speedway, Levy Restaurants, Lvms, Nascar, Nascar Fans, Nascar Weekend, Slots, Speedway Motorsports Inc, Speedways, Stimulus, Vegas Area, Vegas Motor Speedway
