Economy and Economics

In 1974 the average new home in the U.S. was just shy of 1,700 square feet. By 2014 the average new home size was over 2,600 square feet.  Even with that trend there is an opposing one where homes are shrinking to sizes smaller than the average living room.

Today, we meet Karl and Hari Berzins who, along with their two children, live in a Floyd County home that's only 8 feet by 21 feet in total size.

Anne Marie Morgan

After facing a $439-million shortfall at the end of the last state fiscal year, the Commonwealth is poised to reap the benefits of an improving economy with a multi-million-dollar budget surplus. State employees, college faculty, teachers, and State Police troopers also stand to gain.

Finance Secretary Ric Brown said annual revenues have grown by 7.3%—ahead of the 4.7% forecast. 

“If that were to continue—that variance—through June 30th, it’s worth about $427 million dollars.”

Hunger Hotline

Jun 8, 2015

One in ten Virginians lives in households that can’t always afford enough food. However, there is a toll-free hunger hotline funded by the department of agriculture that connects callers in need with self-sufficiency services in their area, like food pantries and soup kitchens. Marianne Vargas is with the Foodbank of Southeastern Virginia and the Eastern Shore.

Virginia food banks distributed 142 million pounds of food to 1.2  million people last year.

Tourists visiting Virginia last year generated a record-setting $22-billion in revenue. That’s according to the latest state numbers, which also indicate that the tourism industry has become the fifth-largest private employer in the state.  State officials say the Commonwealth’s global exposure will soon grow even more.

http://www.hokiesports.com/football/

In Blacksburg, Virginia the words, “game day” mean two things: Hokie football and traffic.  But a new economic impact study says that traffic brings 69-million dollars a year to the region. 

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