Regional Economic Impact Explained

COVID-19 is expected to have a significant, negative economic impact on the entire nation. Roanoke could see job losses of 20,000 to as many as 35,000 at the peak of the recession that will likely result from COVID-19.

This would translate to unemployment reaching 12 percent to as much as 20 percent in the region. The period of recovery will depend ultimately on a number of factors including additional federal stimulus, epidemiological speed, policy response, and any long-term changes in consumer behavior that may result.

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Live Here, Work Anywhere, Play Everywhere

remote work

Amid all this craziness, has there been a better time to reevaluate where you live? The Roanoke Regional Partnership is sending that message out in a campaign to attract people who can work from anywhere. 

The campaign, “The View from Your Office,” is running in major cities on the East and West Coasts. It touts the benefits of the outdoor lifestyle, housing costs, savings, and convenience. With major companies such as Facebook and Google making the decision to let almost any employee work remotely, this campaign is the right message at the right time.

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Jobs Reach New Heights in 2019

The Roanoke Region employment growth from December 2018 to December 2019 exceeded employment growth rates for NOVA, Richmond, Hampton Roads, Harrisonburg, Staunton, Charlottesville, Lynchburg, and Blacksburg (BLS). There’s a reason that employment growth in 2019 was so strong; it’s the work of the Roanoke Regional Partnership and its government partners.

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Franklin County Welcomes Leading Wellness Tea Company

traditional medicinalsROCKY MOUNT, Va. (January 21, 2020) – Franklin County officials and Governor Ralph Northam today announced the largest investment to date in the Summit View Business Park. Traditional Medicinals, the leading seller of organic herbal wellness tea in the U.S., will invest $29.7 million to build an East Coast manufacturing and processing operation. The company will build a 125,000 s.f. facility on 30 acres and create 56 new jobs.

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