Category Archives: Economy

A Bipartisan Trade Agreement Good for Virginia’s Economy

Governor Ralph Northam recently suggested caution in the face of recessionary concerns:  “As the global economy changes, we must be both cautious and strategic.”  Those concerns were largely echoed by the actions of Republicans in the General Assembly who made … Continue reading

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

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

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

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?

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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