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Va. business leaders pitch plan for new state incentives

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RICHMOND (AP) - Virginia business leaders say Old Dominion has an urgent need for a more diversified economy and say new state-funded incentives aimed at promoting regional cooperation would help.

Business, university and government officials unveiled a new initiative called "Go Virginia" Tuesday at news conferences around the state. The plan calls for new state incentives to assist in regional collaboration, details of which will be unveiled in coming months.

Go Virginia members stressed that there would be no need for new taxes to pay for the initiative. It would instead draw from existing sources of state funds.

Among those spearheading the effort are Dominion Resources Inc. CEO Thomas Farrell II and former Landmark Communications chief executive John O. "Dubby" Wynne.

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