RICHMOND, VA—Virginia Gov. Terry McAuliffe islooking to the private sector to help key a turnaround for thestate that has recently lagged behind the nation in terms of jobgrowth.
A recently released report by the governor attributes theregion's woes to its close ties to the federal government. “Thecommonwealth currently has a material imbalance in its jobgenerating machinery,” the report states. “We are overly dependenton the public sector for economic prosperity.”
About 30% of Virginia's economy is tied to the federalgovernment, and the Defense Department is by far its biggestemployer, according to the Washington Post.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
