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State of the Region Reports: Hampton Roads

2007

Hampton Roads

Articles 1 - 4 of 4

Full-Text Articles in Economics

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 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 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.