Category Archives: Economy

Why Does Virginia’s Job Growth Rate Continue to Lag the Nation?

Posted on August 13, 2019 by matt ohern

Virginia keeps adding jobs on a monthly basis, but the state’s job growth rate continues to lag the national growth rate. In fact, monthly employment in Virginia has grown at a slower pace since 2011 on a year-over-year basis than … Continue reading →

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Virginia Tax on Racinos Among Lowest in Nation

Posted on July 17, 2019 by matt ohern

If Virginia is going to sell its soul, we should at least get the market price. The Virginia Racing Commission is starting to publish monthly reports on the cash flow to Colonial Downs and to the government under the new … Continue reading →

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Increasing Defense Contracts Good News for Virginia Economy

Posted on July 16, 2019 by matt ohern

Virginia firms handled more defense contracts than any other state except California in the most recent fiscal year. The $37.4 billion performed in Virginia during the fiscal year that ended Sept. 30, 2018, makes up 4.6% of the state’s gross … Continue reading →

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Is the U.S. Economy Slowing Down? Are We Headed for a Recession?

Posted on June 26, 2019 by matt ohern

Next month will mark the longest U.S. economic expansion on record. But growing signs of a slowing economy — and potentially a recession — have some businesses concerned about the future. Increased uncertainty is never a good thing for businesses. … Continue reading →

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USMCA: Good For Virginia’s Economy

Posted on June 11, 2019 by matt ohern

International trade is now a regular topic of conversation across the Commonwealth and the U.S.   Last year, Virginia manufacturers exported $15.11 billion in goods.    In particular, the U.S.-Mexico-Canada Agreement (USMCA) will accomplish what many thought impossible nearly a year ago – freer … Continue reading →

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