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This is the third State of the Commonwealth Report produced by the Center for Economic Analysis and Policy at Old Dominion University. The report is sponsored, in part, by ODU's Strome College of Business. While the report represents the work of many people connected in various ways to the university, it does not constitute an official viewpoint of Old Dominion, its president, John R. Broderick, or the Board of Visitors.

This report maintains the goal of stimulating thought and discussion that ultimately will make the Commonwealth of Virginia an even better place to live, work, and do business. We are proud of Virginia's many successes, but realize it is possible to improve our performance. To do so, we must have accurate and objective information about "where we are" and a sound understanding of the policy options open to us.