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Part 1: The Hampton Roads Economy: Defense Expenditures Become More Important, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Economically speaking, the 21st century has been a good one for Hampton Roads. By many measures – especially growth in employment and income – Hampton Roads now leads the Commonwealth of Virginia. The war in Iraq had a remarkably small negative impact on the region’s economy. Reversing the trend of the 1990s, defense expenditures have become a more important part of the region’s economy.