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Report Shows How Charlottesville Stacks Up Against Local Economies

Friday, June 1st

For the second year in a row, Washington, DC takes the top spot when it comes to a strong economy, according to a new study. Virginia Beach and Hampton Roads is twenty-fifth on the list. Charlottesville isn't far behind, edging out Richmond for the 28Th spot.
The state's capital city ranks 35Th in the national study.

President of the Charlottesville Chamber of Commerce, Timothy Hulbert, says looking at the list of cities, it's easy to see what factors are necessary for a community to thrive economically. "In addition to have strong private enterprises, these communities have a common thread where they either have a strong federal presence, or in the case of our community, a strong, public university," said Hulbert.

Charlottesville's ranking has improved over the past decade. Hulbert attributes the growing economy, in part, to the emerging presence of the federal defense intelligence community with the National Grounds Intelligence Center and companies like Booz Allen Hamilton.

The study was done by Policom and looked at the economies of 366 metropolitan areas.

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