News Articles
PROPOSED MILITARY REDUCTIONS WILL SIGNIFICANTLY EFFECT VIRGINIA’S ECONOMY
The Army has completed a Supplemental Programmatic Environmental Assessment (SPEA) that analyzes, among other things, the economic impact that proposed military reductions will have on the economies surrounding the military bases under consideration for realignment. The study was conducted in response to the Army’s 2020 Force Structure Realignment Plan, which proposes reducing the size of […]
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Investing in People as an Economic Growth Strategy (Federal Reserve Bank of Richmond)
According to Jeff Lacker, President of the Federal Reserve Bank of Richmond, a “consensus has developed amongst economists that human capital is more than just the number of years spent in school or on the job. Research suggests that noncognitive skills — such as following instructions, patience, and work ethic — lay the foundation for […]
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