Just 75 minutes from Richmond, Farmville and its surrounding counties are an idyllic setting for bargain hunters and outdoor adventurers alike. Recently, our Community Conversations Team made a visit to the area to learn more about their economic strengths and opportunities.
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Although the communities surrounding universities experienced some shielding effects from previous recessions, the unemployment rate actually increased in these areas following the COVID-19 recession.
South Carolina's recruitment of a Boeing assembly plant to North Charleston in the late 2000s boosted the state's aerospace sector and Charleston's local labor market over the subsequent decade.
In May, our Community Conversations team visited the Winchester area to learn more about their economic strengths and opportunities.
In April, President Tom Barkin, Regional Executive Matt Martin and Regional Economist Laura Ullrich met with local community and business leaders in North Carolina's Surry and Yadkin counties to gain a fuller understanding of the economic strengths and opportunities facing the region as part of the Bank's Community Conversations program.
As our Community Conversations team learned on a recent trip to Southeastern Virginia, the pull between maintaining a rural, small town feel and embracing the potential benefits of urbanization hangs in the balance.