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News - Most Recent
The information below is for general awareness only and does not necessarily reflect the views of the Office of Economic Adjustment or the Department of Defense as a whole.
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August 25, 2015 – Augusta Free Press
Governor Terry McAuliffe announced Monday that Virginia has been awarded $5.4 million in federal Community Planning Assistance Funds from the Department of Defense Office of Economic Adjustment.
August 24, 2015 – wkms 91.3 fm (Murray State’s NPR Station), By Parker Franklin
The Kentucky Commission on Military Affairs has received a $618,437 federal grant to help explore defense-related economic opportunities statewide.
August 24, 2015 – National Governors Association
WASHINGTON—Using data to track recent graduates in the workforce helps ensure postsecondary education institutions are preparing graduates for successful careers, according to a report released today by the National Governors Association (NGA).
August 23, 2015 – Northwest News Network (Oregon Public Broadcasting), By Tom Banse
The Boeing Company built more than 700 KC-135 Stratotankers for the Air Force in the 1950s to the mid-1960’s. The majority of these “flying gas stations” are still flying today.
August 21, 2015 – Politico, By Mitch Landrieu, Mayor, City of New Orleans
Nearly 10 years ago, Hurricane Katrina shone a spotlight on the major challenges the greater New Orleans region had been facing for decades: high poverty, structural unemployment, major population declines, a non-diversified economy and migrating businesses. All this meant that in the 40 years preceding, the area had underperformed the national average in job creation by more than 40 percent.
August 19, 2015 – The Day, By Kimberly Drelich
A study will consider how the Stones Ranch Military Reservation and its three neighboring towns can plan for the future, without impeding each other’s growth.
August 19, 2015 – U.S. Secretary of Defense Ash Carter’s Facebook Page
Ben Bernanke, Michael O’Hanlon and Mark Muro on the future of defense spending and its economic impacts
August 18, 2015 – Brookings, By Alison Burke
At just over 3 percent of gross domestic product, total U.S. military spending is almost $600 billion a year, constitutes around 5 percent of total national industrial output, and accounts for a major share of the economy in certain regions across the U.S., including as much as 13 percent in Virginia and about 6 percent in the DC/Maryland area.
August 17, 2015 – U.S. Chamber of Commerce Foundation, By Michael Hendrix
To find the most entrepreneurial regions in America, look to the country’s coasts and mountains. Florida, the Pacific Coast, and certain regions along the Rockies top a recent study’s search for the most entrepreneurial places in America. The authors looked at the culture that makes these regions tick, finding a strong correlation with startup formation when combined with large stores of human capital and diverse economies.
August 13, 2015 – Wicked Local Weymouth, By Bradford Randall
WEYMOUTH – For 55 years, Naval Air Station South Weymouth operated as a fully functioning airfield until the Base Realignment and Closure Commission recommended the station shutter operations in 1995. The facility was fully closed in 1997 and, for several years afterward, was plagued by stalled efforts to redevelop the site.