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State of the Region Reports: Hampton Roads

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Economic growth

Articles 1 - 5 of 5

Full-Text Articles in Regional Economics

Part 1: Growth Returns, Now Make It Last, Dragas Center For Economic Analysis And Policy, Old Dominion University Jan 2023

Part 1: Growth Returns, Now Make It Last, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

There is some good news to report. Hampton Roads gained population but population growth continues to slow. A record number of residents were at work or looking for work in 2023. A record number of residents of the region reported they were employed in 2023. The number of jobs continued to recovery from the depths of the 2020 economic shock, however, a full recovery may not occur until 2024. Economic growth sharply rebounded from the declines of 2020, and we expect growth to continue in 2023. The region’s economic performance, however, continues to lag many of its peers.


Part 6: Perhaps I Won't Go To Law School After All: Lawyers In Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University Jan 2022

Part 6: Perhaps I Won't Go To Law School After All: Lawyers In Hampton Roads, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

While movies and television shows portray lawyers as members of high society, with expensive cars and tastes, the reality in Hampton Roads is grittier. Between 2005 and 2021, lawyers’ real income in the region declined by more than 25%. In this chapter, we explore the supply of lawyers in Hampton Roads and whether we are producing too many lawyers for economic conditions in the region. We ask what the future may hold for the legal profession in Hampton Roads, Virginia, and the nation.


Part 1: The Hampton Roads Economy Midway Through The Decade, Regional Studies Institute, Old Dominion University Jan 2005

Part 1: The Hampton Roads Economy Midway Through The Decade, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Our regional economy continues to perform better than the Commonwealth of Virginia and the nation. The 2000-2004 time period is the best five year time period our region has experienced since 1969. Employment increased four times as rapidly as national employ-ment and we experienced significant job growth in scientific, technical and information technology occupations—-something that has largely eluded us in the past. Defense expenditures increasingly dominate the region’s economy and account for about 75 percent of all recent growth. However, the BRAC process could throw a huge wrench into this prosperity. If all BRAC recommendations, including the closure of Oceana, …


Part 1: Hampton Roads… A Comparative Tour, Regional Studies Institute, Old Dominion University Jan 2002

Part 1: Hampton Roads… A Comparative Tour, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

We compare Hampton Roads to other metropolitan areas by means of more than 30 different economic, social, and educational variables. This section should be a valuable reference


Part 3: The State Of The Regional Economy, Regional Studies Institute, Old Dominion University Jan 2000

Part 3: The State Of The Regional Economy, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

(First Paragraph) Many factors come into play when predicting the future of the Hampton Roads economy. Defense spending, non-defense-sector growth and a commitment to collaboration among private and public high-tech industries are three very large variables that contribute to the region's pulse and prospects for long-term health. All of these factors, as we will see here, are interconnected. Per capita income, often used to measure a region's economic well-being, should continue to exhibit "baseline improvement" in Hampton Roads, but if the standard of living is to rise above average, some changes would need to be made to the region's economic …