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Front Matter: The State Of The Region: Hampton Roads 2007, Regional Studies Institute, Old Dominion University Jan 2007

Front Matter: The State Of The Region: Hampton Roads 2007, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2007 The State of the Region report authored by the Regional Studies Institute at Old Dominion University


Part 1: Back To Earth: The Regional Economy Slows Down, Regional Studies Institute, Old Dominion University Jan 2007

Part 1: Back To Earth: The Regional Economy Slows Down, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

After a spectacular first half of this decade, the regional economy decelerated in 2007. A combination of declining rates of growth in defense spending, the closing of the Ford Norfolk Assembly Plant and a sluggish national economy reduced the growth of the regional economy to the national average. Looming base realignment and closure reductions beginning in 2008 bode to continue this trend.


Part 2: Hidden In Plain Sight: The Ship Repair Industry In Hampton Roads, Regional Studies Institute, Old Dominion University Jan 2007

Part 2: Hidden In Plain Sight: The Ship Repair Industry In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Private-sector shipbuilding and repair is big business in Hampton Roads and accounts, directly and indirectly, for about 15 percent of the total value of the region’s economic activity. More than 160 ship construction and repair firms in the area employ approximately 24,600 people, whose typical compensation is one-third above the regional average.


Part 6: Low Glamour, But Large Economic Impact: The Aau Junior Olympics, Regional Studies Institute, Old Dominion University Jan 2007

Part 6: Low Glamour, But Large Economic Impact: The Aau Junior Olympics, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

National amateur athletic events Hampton Roads hosts have flown under the radar insofar as their economic impact is concerned, but their impact is greater than that of local professional and collegiate teams, and virtually every city in the region benefits. The 2006 AAU Junior Olympics alone had an incremental economic impact of $50 million, primarily generated by visitors from outside of the region.


Part 4: The Filipino American Community Of Hampton Roads, Regional Studies Institute, Old Dominion University Jan 2007

Part 4: The Filipino American Community Of Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The region is home to approximately 45,000 Filipino Americans whose political and cultural impact has been growing progressively. They tend to be better educated and earn higher incomes than the typical regional citizen. Virginia Beach’s “Little Manila” area is a reminder of the increasing presence of Filipinos within Hampton Roads.


Part 5: Affordable Housing In Hampton Roads: Facts And Issues, Regional Studies Institute, Old Dominion University Jan 2007

Part 5: Affordable Housing In Hampton Roads: Facts And Issues, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The rapid increase in regional housing prices in recent years (97 percent between 1997 and 2006) has made it much more difficult for some people to own their own home. Between these years, the annual interest and principal payments required for a typical home purchase rose from only 21.5 percent of the median income of our region’s households to 32 percent. Economically viable solutions to affordable housing challenges nearly always include increased housing density in order to make more moderately priced housing profitable to builders.


Part 7: Is Hampton Roads Receiving It's "Fair" Share From The Commonwealth?, Regional Studies Institute, Old Dominion University Jan 2007

Part 7: Is Hampton Roads Receiving It's "Fair" Share From The Commonwealth?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

All things considered, the region has a case to make when it argues that it receives less than its “fair” share of state government spending. The geographic distribution of expenditures is particularly disadvantageous to Hampton Roads in the areas of K-12 education and car tax reimbursements, but less so in transportation and higher education.


Part 3: 'Tis Better To Give Than To Receive: Charitable Giving In Hampton Roads, Regional Studies Institute, Old Dominion University Jan 2007

Part 3: 'Tis Better To Give Than To Receive: Charitable Giving In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

We are a generous lot in Hampton Roads. The region’s citizens give a higher proportion of their incomes to charity than the national average and African Americans, who direct very high proportions of their incomes to churches, lead the parade. Overall, the region’s citizens give 8.2 percent of their annual incomes to charity, easily topping the national average of 6.4 percent.