News & Advance: Lynchburg-area economy still shaking off recession
“[Virginia’s] lagging the U.S. overall,” partly a result of the decrease in federal funds to the state, Filer said. Lynchburg has been the worst of the metropolitan areas in the state. Its GDP has an average annual decrease of .5 percent between 2009 and 2014. But, “it isn’t necessarily the case that Lynchburg has been […]
Sun Gazette: Report: Va.’s economy sluggish, but bright spots emerge
Despite the monster recession in the late 2000s and subsequent federal budget sequestration, Virginia’s economy is slowly but surely improving, economists told local business leaders Dec. 10. “The leading economic indices are turning up,” said James Koch, an economics professor and president emeritus of Old Dominion University’s Strome College of Business. Virginia Chamber Foundation officials […]
WFIR: State of the Commonwealth tour hits Roanoke
Its been a long slow climb out of the “Great Recession” for Virginia – but things are trending in the right direction. WFIR’s Gene Marrano has more on a presentation in downtown Roanoke this morning: http://wfirnews.com/local-news/state-of-the-commonwealth-tour-hits-roanoke
Richmond Times-Dispatch: Report shows Virginia economy struggling to cope with federal cuts
The story of Virginia’s economy since the recession is like a “Shakespearean tragedy in reverse.” That was one of several metaphors used Friday at the Virginia Chamber of Commerce’s sixth annual economic summit in Williamsburg. More than 700 people attended the meeting, where economists with Old Dominion University revealed a 175-page report on the state […]
Virginian-Pilot: Federal spending cuts have taken a toll on Virginia’s economy
Last year, the state ranked 48th in gross domestic product growth with a year-over-year increase of 0.02 percent, according to Old Dominion University professors who presented the first “State of the Commonwealth” report Thursday morning at the Virginia Economic Summit in Williamsburg. Only Alaska and Mississippi had slower growth rates. Since 2010, Virginia’s real gross […]
Koch: Better times are on the way for Virginia
For better or worse, the commonwealth continues to be highly sensitive to changes in federal expenditures — and this is particularly true in Northern Virginia and Hampton Roads. Federal wages and salaries, procurement and other activities account for more than 40 percent of the Washington, D.C. metropolitan economy, and defense spending by itself accounts for […]
