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Resources

blog
The Fate of Remote Work
The terms “remote” and “hybrid” work are often used interchangeably. However, the two should not be confused, especially when trying to establish whether the movement toward remote work, which took off at the onset of the COVID pandemic, is here to stay. Remote work involves complete off-site work, often from home, while hybrid work combines both in-office and offsite work, offering a flexible arrangement that includes some days in the physical workplace and others working remotely. This difference has implications for the definition of the employment labor shed. Remote workers are not bound to live in proximity to the workplace, expanding the talent pool for an organization. This has led to several financial initiatives aimed at attracting remote workers into a region to boost local economies. Workers on a hybrid schedule may be able to relocate a bit farther away from the workplace, but they are still geographically limited to locating within a commuting area.
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webinar
Housing as a Vehicle for Economic Development
In this webinar, Dr. Chmura provided a brief overview of the housing market at the national level, detailed a recent study commissioned by Virginia Housing summarizing the importance of housing in economic development, and described a methodology to estimate additional demand for housing needed for business expansion at the local level. Then, McGuireWoods Sr. VP & Director of Infrastructure and Economic Development Chris Lloyd described housing as a vehicle for economic development and detailed the benefits of recent policy changes that aim to remove obstacles to housing.
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blog
Valentine's Day-ta: Spending Could Support $34.7 Billion in Local Economic Impacts
Faced with continued inflation, Valentine’s Day spending is expected to reach $25.8 billion in 2024, according to the National Retail Federation’s annual Valentine’s Day Spending Survey. That represents a nominal decline from $25.9 billion in 2023, and a changing of priorities. While previous years have seen an expansion in gifts for pets, friends, and co-workers, consumers are expected to prioritize significant others this year to the tune of $14.2 billion (up from $13.5 billion a year ago)
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