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Tuesday, July 21 • 4:00pm - 5:00pm
Virginia’s post-Federal economy: how the Commonwealth can compete in the global marketplace

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Virginia has the most Federally dependent economy among all 50 states. While this reliance on the Federal government has historically insulated the Commonwealth from economic upheaval, the recent trend of Federal reductions has done great damage to Virginia’s economy. With political winds in Washington pointing towards continued austerity, Virginia will be challenged to build a private economy that overcomes the economic losses caused by ongoing Federal cutbacks.

National research shows that economic growth in the U.S. will be led by global commerce and will largely occur in metropolitan areas. A 2013 study by the Brookings Institution entitled The 10 Traits of Globally Fluent Metro Areas concluded that metro areas that are best positioned for growth are those with strong identities, a culture of innovation, access to people and capital from around the world, and, most of all, coordinated regional leadership from both the public and private sectors. At present, each of Virginia’s metro areas falls short of meeting these ideals. This session will examine where the Commonwealth’s major metros stand in terms of their global competitiveness and what public and private leaders must do to help build a stronger economy in the coming years.

avatar for David Versel

David Versel

Senior Vice President, Delta Associates
David Versel is Senior Vice President of Delta Associates, a real estate and economics consulting firm based in Washington, DC. David has worked in the real estate and urban development field since 1995, and has completed consulting assignments for more than 200 clients in 29 U.S. states. | | Mr. Versel recently joined Delta Associates from the Center for Regional Analysis (CRA) at George Mason University. At CRA he gained recognition as a... Read More →

Tuesday July 21, 2015 4:00pm - 5:00pm
Monticello Ballroom Sheraton Waterside Hotel

Attendees (7)