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Category Archives: Economy
Federal Spending Significantly Impacts Virginia
The federal government spends billions of dollars buying goods and services from private sector firms each year. Just as the fortunes of businesses dependent on federal spending ebb and flow with federal budgets, so do the budgets of the states … Continue reading
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Richmond's Economic Changes Over The Past 30 years
Thirty years ago this month, the first issue of Metro Business was published. Times were certainly different back then. The region is now larger geographically and by the number of people employed. And the type of firms driving the economy … Continue reading
How The West Got Wealthy and Prosperous
Several years ago, physician, statistician, sword swallower and vibrant lecturer Hans Rosling produced a fascinating 4-minute video that presented 120,000 data points and showcased how mostly western nations became healthy and prosperous in just 200 years – after countless millennia … Continue reading
Economic Growth Misses Virginia
Not only has job creation and new business formation been weak in the current business cycle, it has been more concentrated geographically than in the past. Unfortunately for the Old Dominion, between 2010 and 2014 that concentration did not occur … Continue reading
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Luckiest Generation In U.S. History?
In his annual letter to the shareholders of Berkshire Hathaway, Warren Buffett—the world’s third richest person—remarked on the state of the U.S. economy and current political fracas by writing: It’s an election year, and candidates can’t stop speaking about our … Continue reading