Document Type

Book Chapter

Publication Date

2007

Publication Title

The State of the Region: Hampton Roads 2007

Pages

4-25

Abstract

After a spectacular first half of this decade, the regional economy decelerated in 2007. A combination of declining rates of growth in defense spending, the closing of the Ford Norfolk Assembly Plant and a sluggish national economy reduced the growth of the regional economy to the national average. Looming base realignment and closure reductions beginning in 2008 bode to continue this trend.

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