The State of the Region: Hampton Roads 2023
Hampton Roads is a region rich with assets – a talented and diverse labor force, a distinctive role in the national security of the nation, a deep-water port that continues to set records, and beaches and amenities that attract visitors from near and far. The region’s economic performance is closely aligned with these assets. Defense spending, the Port of Virginia, and the hospitality and tourism industry are often referred to as the “Three Pillars” of the Hampton Roads economy – pillars that have continued to perform well in the aftermath of the economic shock of 2020. In this chapter, we explore the performance of the three pillars and ask what the future holds for Hampton Roads.
Dragas Center for Economic Analysis and Policy, Old Dominion University, "Part 2: The Pillars of the Hampton Roads Economy Remain Strong" (2023). State of the Region Reports: Hampton Roads. 211.