Economic Forecast

On Friday, June 6, 2025, the Virginia Peninsula Chamber hosted its annual Economic Forecast Mid-Year Breakfast in partnership with Old Dominion University’s Dragas Center for Economic Analysis & Policy. This event brought together business leaders, elected officials, and community stakeholders to hear analysis on the state of our economy and forecasts about the future.

We were honored to welcome Dr. Robert McNab and Dr. Vinod Agarwal, who shared information on the national, state, and regional economies. They addressed key topics such as inflation, employment, consumer sentiment, and industry trends. They addressed tariff concerns at the Port of Virginia, rising housing prices with declining sales, and the hospitality sector’s ongoing recovery from 2020.

All presentation materials are available at: www.ceapodu.com

A special thank you to several distinguished guests, including Delegate Shelly Simonds, County Administrator Mark Bellamy of York County, Hampton Sheriff Karen Bowden, City of Hampton Vice Mayor Steve Brown, and City of Hampton Council members Randy Bowman, Carolyn Campbell, Michelle Ferebee, Hope Harper, and Martha Mugler for attending.

Thank you to our board members John Angle, Mark Bellamy, Steve Cook, Belinda Donavant, Brooke Dunkum, Rick Dwyer, Alan George, Kathleen Jabs, and Rebecca Kleinhample as well as to our ambassadors Emma Barker, Christopher Brin, Marko Frigelj, Mary Kelley, Brandt Lykins, Randy Morgan, and Peter Smith for joining us!