Author: LynchburgBusiness

Rebuilding the Local Tourism Industry

The focus now is on the future— and recovering what was lost If you wanted to get a snapshot of how much the coronavirus impacted tourism in our community, you just had to drive through downtown Lynchburg this spring. Many popular restaurants were closed. No crowds were waiting to see performances at the Academy. Hotels were open, but most of the rooms were empty. It was such a disappointing sight following a strong tourism boom in the Hill City over the past decade. During the COVID-19 pandemic, the tourism industry was among the hardest hit sectors of the economy—both...

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The Perfect Storm: COVID-19, Unemployment, and Virginia’s New Employment Laws

Twelve years ago, the volume of federal equal employment opportunity charges swelled in tandem with unemployment caused by the banking crisis. If the pandemic generates a similar wave, Virginia’s employers might take some hard hits. In April, the Commonwealth passed some of the nation’s strongest worker protection laws. They went into effect July 1. Certain employment claims can proceed in Virginia’s courts for the first time, so expect more state court employment litigation. Also, pre-trial dismissal is tougher to win there than in federal courts, so expect litigation to be riskier and more costly to employers. New Workplace LGBT...

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Why Focus on Debt First?

(Why not skip to the “fun stuff?”) As a financial advisor, it’s fun for me to focus on the exciting things: investments, wealth creation, real estate, and income. I talk and write about all of these extensively. What’s equally important, though, is building a strong foundation from which to explore these exciting financial topics. That strong foundation starts with understanding debt, avoiding unnecessary debt, and building a safety net to protect us from unexpected expenses that can lead to debt. Investments are fun. Making money is fun. Debt is not. But, for many, it needs to be dealt with...

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Etiquette101

Your top business professionalism questions, answered In each issue of Lynchburg Business, Scott Robert and Jimmy Roux from the University of Lynchburg’s Career and Professionalism Center will answer your top etiquette questions surrounding business meals, events, trips—you name it. Q: It seems that businesses are getting more casual in the dress code for work. When I am going to an interview, does that mean I can dress like they do or should I still wear a suit? – Submitted by reader Scott Harvath A: While some businesses have lowered/changed their dress codes, I would always try to step up...

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EDITOR’S LETTER JULY/AUGUST 2020

It was a chilly evening in early December 2019, and I had no idea it was coming. There I was, sitting with my co-workers at a few folding tables in the back of a brewery, as my boss started to announce an annual list of retirement milestones and awards that are customary at our office Christmas party. I was clapping along with everyone else—then once he moved to the Spirit Award (someone who goes above and beyond), I surprisingly heard my name. I was floored. Should I make a speech? I wondered. Let’s all chuckle for a moment—because I’m...

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