Economy
The applicable Metropolitan Statistical Area for the Richmond-Petersburg region is the Richmond, VA MSA, which as of 2006 is identical to the region defined in this article. The Richmond MSA provides employment for a total of approximately 472,000 workers. In order of the number of workers, the major employment categories of the region are services; retail trade; manufacturing; state government; finance, insurance and real estate; local government; construction; wholesale trade; transportation and public utilities and federal government. Within the manufacturing category of some 63,700 employees, the largest category of workers is in the tobacco industry. Other important manufacturing categories are chemicals, printing and publishing, paper, and wood manufactures.
This economic diversity, which is typical of the entire Richmond-Petersburg region, helps to insulate it from hardship due to economic fluctuation in particular sectors of the economy. The region's central location also allows it to benefit from growth in other regions of Virginia and the state as a whole.
Read more about this topic: Greater Richmond Region
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)