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Old Dominion University

Defense spending

2004

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Part 1: The Regional Economy Continues To Excel, Regional Studies Institute, Old Dominion University Jan 2004

Part 1: The Regional Economy Continues To Excel, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

In 2004, the Hampton Roads economy will grow about 4.7 percent, the highest rate since 1987. Almost three-quarters of this growth is due to increased expenditures within the region by the Department of Defense. This illustrates the relative importance of defense expenditures in our regional economy.

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