The Great Transformation

3/2/21

By Rich Griset, Virginia Business

In general, Virginia’s economy is headed for a bright post-pandemic future, says Derek Klock, a professor at Virginia Tech’s Pamplin College of Business. But sectors like retail, hospitality and commercial real estate face tougher roads to recovery. Photo

It’s been a year since Virginia recorded its first COVID-19 case, and nearly all of us have embraced new ways of living — and working.

But with each passing day, a return to some semblance of normalcy feels closer to our reach. Even in the face of emerging coronavirus variants, there’s reason to be hopeful as a growing number of people receive their first vaccinations and begin to build all-important antibodies.

As more Virginians receive their second shots, business leaders are contemplating what the economic recovery will look like and how soon it will happen.

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